Smart Kitchen Appliances Market 2026 | Comprehensive Industry and Vendor Landscape 2026
Smart kitchen appliances uses technology that
have the capability to perform functions faster and cheaper. Smart kitchen
appliances are energy efficient appliances relative to traditional kitchen
appliances. It consist of feature that automatically switches off the
appliances as per requirement by informing the owner, one of the major factors
driving the smart kitchen appliances market growth. In addition, the increasing
adoption of IoT technology also plays a major role for the growth of the smart
kitchen appliances market. However, lack of awareness about the advantages and
high maintenance cost of the smart kitchen appliances are some of the major
factors which hinders growth of the smart kitchen appliances market.
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The smart refrigerator segment held a dominant
position in smart kitchen market in 2016 and is projected to retain its dominance
throughout the forecast period. The smart refrigerator keeps the record of
products kept inside with the help of barcode and RFID. It reduce the power
consumption by automatically switching off the power as required, which raised
the demand for smart refrigerator in the market. The Wi-Fi technology segment
held a dominant position in smart kitchen appliances market in 2016 and is
projected to retain its dominance throughout the forecast period. By the end of
the year 2017, it is projected that approximately 53.6% households will have an
internet access worldwide compared to 51.5% in 2016. The increasing household’s
internet access fuels the Wi-Fi technology segment in smart kitchen appliances
market. The residential segment held a dominating position in smart kitchen
market in 2016 and is projected to retain its dominance throughout the forecast
period.
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Smart Kitchen Appliances Market Outlook –
North America holds significant market share
Regional segmentation of smart kitchen
appliances market by Coherent Market Insights comprises North America, Europe,
Asia Pacific, Latin America, Middle East, and Africa. North America Holds the
major share in the global smart kitchen appliances market and is projected to
retain its dominance throughout the forecast period. This is owing to increasing
number of smart grid power projects, changing lifestyle, and increasing per
capita income. The U.S. and Canada are the major countries which drives the
smart kitchen appliances market in North America region. Asia Pacific is
projected to exhibit highest CAGR over the forecast period. India, china,
Japan, and South Korea are some of the major countries that drives the market
in Asia Pacific region. However, China held the dominant position in 2016
and is projected to witness highest CAGR over the forecast period in the
region. This is mainly owing to factors such as growing economy and high
investments in smart grid projects.
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Key Players in the Global Smart Kitchen
Appliances Market
Key players operating in the global smart
kitchen market include General Electric Co. (GE), LG Electronics Inc.,
Panasonic Corporation, Samsung Electronics Co. Ltd., Whirlpool Corporation,
Electrolux AB, Koninklijke Philips N.V., Electrolux, Qingdao Haier Co Ltd, and
Dacor.
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