The Power of Data: Smart Kitchen Appliances Market Research Trends for Revenue Optimization
Smart kitchen appliances market revenue growth is driven significantly by rapid advancements in the fields of AI and IoT. Major advancements in AI technologies and machine learning have resulted in development and launch of a range of smart products that enable consumers to save time and effort in food preparation, tracking contents and products in the kitchen, refrigerators, and others. In addition, smart kitchen appliances come with features such as intelligent sensors, touch screen, intuitive control, and integrated extractor and other time-saving features that serve to encourage a positive purchase decision among consumers.
The smart kitchen appliances market reached a market size of USD 110.56 Billion in 2020 and is expected to register a double-digit CAGR over the forecast period, according to recent analysis by Emergen Research.
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Smart Kitchen Appliances market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Whirlpool Corporation, LG Electronics, Samsung Electronic Co. LTD., Panasonic Corporation, AB Electrolux, BSH Hausgerate GmbH, Haier Group, Robert Bosch Gmbh, Koninklijke Philips N.V., and Miele & Cie
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Emergen Research has segmented the global Smart Kitchen Appliances market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Smart refrigerators
- Smart Cookware and cooktops
- Smart Dishwashers
- Smart Thermostats
- Smart Coffeemakers
- Other appliances
- Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Wi-Fi
- Bluetooth
- RFID
- Others
- Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Online
- Offline
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Smart Kitchen Appliances Market size and share for the projected period of 2022–2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Kitchen Appliances Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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