Smart Kitchen Appliance Market 2024-2028: Size and High cost of installation; growth driven by the Product, Some of key Companies Positioned Strategically

The smart kitchen appliance market size by Product (Smart large cooking appliance, Smart refrigerator, Smart small cooking appliance, and Smart dishwasher), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 22386.7 million. The market is expected to grow at a CAGR of  almost 18.19% between 2024 and 2028.

• In the realm of kitchen appliances, the integration of smart technology comes with additional costs for consumers. While the upfront cost of a smart kitchen appliance is significantly higher than its conventional counterpart, the infrastructure expenses are an additional consideration. These expenses include the necessary setup of smart hubs and the ongoing internet subscription fees, particularly relevant for remote operation. The substantial price disparity between smart and traditional appliances, coupled with the infrastructure costs, signifies a considerable investment for consumers opting for advanced kitchen technology.
• The Smart Kitchen Appliance Market represents a significant growth opportunity for businesses, driven by the increasing demand for connected and automated home solutions. Consumers are seeking convenience and efficiency in their daily kitchen routines, leading to a surge in demand for smart refrigerators, ovens, dishwashers, and cooktops. Market trends indicate continued investment in IoT technology, AI, and voice recognition to enhance user experience and streamline kitchen tasks. Businesses that can effectively cater to these consumer needs and preferences are poised to capture a substantial market share in the Smart Kitchen Appliance sector.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Beko A and NZ Pty Ltd.
• BSH Hausgerate GmbH
• Coway Co. Ltd.
• Electrolux AB
• General Electric Co.
• Godrej and Boyce Manufacturing Co. Ltd.
• Gourmia Inc.
• Haier Smart Home Co. Ltd.
• Havells India Ltd.
• June Life Inc.
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Liebherr International Deutschland GmbH
• MIDEA Group Co. Ltd.
• Miele and Cie. KG
• Newell Brands Inc.
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Sharp Corp.
• Smarter Applications Ltd.
• Whirlpool Corp.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/