An Incisive, In-depth Analysis on the Smart Kitchen Appliances Market
This study offers a comprehensive, 360 degree analysis on the Smart Kitchen Appliances market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Kitchen Appliances market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Smart kitchen appliances are fine quality products/ kitchen accessories that are typically designed in a way with a view to provide efficiency and comfort in almost every operation taking place in a kitchen. Compared to traditional kitchen appliances, smart kitchen appliances are costly yet more efficient and time saving. There are several benefits associated with smart kitchen appliances, such as waste reduction, efficient cooking operations, enhanced safety, and the user can receive timely alerts as well as gain remote access and achieve cost and energy savings. There are various smart kitchen appliances such as smart refrigerators, smart dishwashers, smart coffee maker, smart cookware and cooktop, smart oven and smart scales and thermometers. The market for smart kitchen appliances is influenced by various factors such as increasing disposable income coupled with rising per capita expenditure on technology and appliances and increasing technological research and development.
Future Market Insights has captured the pulse of the global market for smart kitchen appliances in its recent research report. The fact based research report on global smart kitchen appliances market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analysed across key regions of Latin America, North America, Europe, Japan, Middle and Africa (MEA) and Asia Pacific excluding Japan (APEJ). The research report includes historic data and statistics as well as future value projections of various segments of the global smart kitchen appliances market for a period of nine years, starting from 2017 and ending in 2026. According to the analysis done by Future Market Insights, the global smart kitchen appliances market is projected to grow at a high CAGR to reach a valuation higher than US$ 2 Bn by the end of the period of assessment from a value of around US$ 703 in 2017.
Revenue from Smart Dishwashers to Skyrocket in the Coming Years
The global market for smart kitchen appliances includes appliances category which his further segmented into smart refrigerators, smart dishwashers, smart oven, smart coffee maker, smart cookware and cooktop and other appliances. Of these, the smart dishwasher segment is the largest from the market share perspective. In 2017, the smart dishwasher segment reflected a value of more than US$ 140 Mn and is the second largest in terms of revenue generation. But with the increasing use of smart dishwashers, the sales revenue is anticipated to grow higher in the coming years and this segment is expected to lead the global market with a valuation of more than US$ 580 Mn by the end of the assessment year.
Wi-Fi Technology is Widely Used in Smart Kitchen Appliances
In the connectivity technology category, the Wi-Fi segment is expected to grow at a high rate during the forecast period. In 2017, the bluetooth segment dominated the global market with a high market valuation. However, the Wi-Fi technology is expected to catch steam and is projected to grow at a stellar 16.8% value CAGR throughout the period of forecast and reach a higher valuation thus dominating the global market by the end of 2026.
Competition Analysis
The research report on global smart kitchen appliances has profiled some of the major players operating in the market. Key companies such as Whirlpool Corporation, LG Electronics, AB Electrolux, Panasonic Corporation, Haier Group, Samsung Electronics Co. Ltd., Koninklijke Philips N.V., General Electric Co., Onida, SectorQube and Dacor have been profiled in this research study.
The weighted analysis that the research report titled “Smart Kitchen Appliances Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026)” gives the reader a complete feel and flavour of the global market scenery with a wide overview supporting the reader in slating strategies and implementing decisions as per business needs.
Relying on a strong research process to glean key insights of the global smart kitchen appliances market
At Future Market Insights, a unique research methodology is applied to gather the necessary market intelligence. Secondary research followed by primary research and key opinions from domain experts, market observers and other external sources is carried out. The initial secondary research is initiated which is extensive in nature and covers all the angles of the market. This gives a broad idea about the market, basis which the research personnel are able to give justice to the market definition they have come up with. Moreover, this secondary arm is used to carry out primary research. From the secondary information or raw data or a broad angle of the market, a direction is obtained with which key regions are identified along with the key players and primary interviews are conducted. Simultaneously, market observers and domain experts which have a completely unbiased knowledge about the market, are consulted either via face to face interview or via telephonic interview, and key aspects and data points are stacked which are again used in the next primary interviews. This implies that each key aspect or statistic or number is cross checked, re-verified, evaluated, analysed and validated over the course of the entire research. As every conversation gives a more or less different view, the statistics and data undergo a triangulation process to arrive at a certain number. This data point reflects maximum accuracy which fuels the credibility of the information that the report contains.
The research report on global smart kitchen appliances market is a well-furnished research study which uncovers each and every aspect of the market, courtesy the robust research platform. It unmasks research on the macroeconomic factors, SWOT analysis and various aspects that impact the growth of the global smart kitchen appliances market.
Detailed market segmentation
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Appliances |
Connectivity Technology |
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Competitive analysis
The research report on global smart kitchen appliances market includes a separate dedicated section which covers the competition scenario. This includes information on the key tier players present in the market. The competitive analyses on these key players involves a detailed knowhow on their current scenario, their geographical spread, their expansion plans, the new strategies they have come up with, new developments in their products as well as innovation to enhance their product portfolio, mergers and acquisitions as an expansion strategy, marketing strategies, market share, revenue, company strength, strategic alliances, etc. This can give the reader a broad idea of the happening events in the market, initiated by these players which the help of which new plans or tactics can be developed and implemented.
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