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Smart Kitchens - Global Strategic Business Report

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    Report

  • 296 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140165
The global market for Smart Kitchens was estimated at US$5.3 Billion in 2023 and is projected to reach US$14.4 Billion by 2030, growing at a CAGR of 15.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Smart Kitchen Market - Key Trends and Drivers Summarized

How Are Smart Kitchens Transforming Cooking and Home Management?

Smart kitchens are revolutionizing how people cook, eat, and manage their homes by integrating connected appliances and devices that enhance convenience, safety, and efficiency. From smart refrigerators that monitor food inventory and suggest recipes to voice-controlled ovens and cooktops, these kitchens offer a seamless, interconnected environment where users can manage cooking, cleaning, and food storage more effectively. Smart kitchens also incorporate energy-efficient appliances that help reduce utility bills and are often integrated with broader smart home systems, enabling automated responses such as adjusting lighting and climate based on kitchen activities.

What Innovations Are Driving the Smart Kitchen Market Forward?

The smart kitchen market is driven by continuous innovations in IoT, AI, and machine learning, which are enhancing the functionality and appeal of smart kitchen appliances. IoT-enabled devices allow remote monitoring and control, while AI-powered voice assistants like Alexa, Google Assistant, and Siri offer hands-free operation and personalized user experiences. Advanced sensors and AI algorithms are also being used to optimize cooking times, detect potential hazards like gas leaks, and provide maintenance alerts. Moreover, integration with smart home hubs and energy management systems ensures comprehensive control over household functions, making smart kitchens more appealing to modern consumers.

Which Segments Are Leading the Smart Kitchen Market?

Product types include smart refrigerators, ovens, dishwashers, cooktops, and faucets, with smart refrigerators holding the largest market share due to their multifunctionality and integration with other smart home devices. Applications range from residential to commercial kitchens, with residential applications leading due to the growing consumer interest in home automation. Distribution channels include online platforms, which dominate due to the variety of products and convenience, and offline channels such as specialty home appliance stores. Geographically, North America and Europe are the largest markets, driven by high disposable incomes and technology adoption rates, while Asia-Pacific is expected to witness rapid growth due to increasing urbanization and middle-class expansion.

What Factors Are Driving Growth in the Smart Kitchen Market?

The growth in the smart kitchen market is driven by several factors, including the rising demand for connected and energy-efficient kitchen appliances, advancements in IoT and AI technologies, and increasing consumer preference for convenience and automation. The expansion of e-commerce channels, the development of voice-activated smart kitchen assistants, and the growing trend of smart home adoption are also propelling market growth. Furthermore, strategic partnerships between appliance manufacturers and tech companies, the availability of DIY smart kitchen solutions, and the focus on reducing energy consumption and enhancing kitchen safety are contributing to the rapid expansion of this market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Residential Application segment, which is expected to reach US$9.4 Billion by 2030 with a CAGR of a 15.8%. The Commercial Application segment is also set to grow at 14.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 14.5% CAGR to reach $2.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Smart Kitchens Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Kitchens Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Smart Kitchens Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Smart Kitchens market such as Dacor, Inc., Electrolux AB, GE Appliances, Haier Group, LG Electronics Inc. and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 46 companies featured in this Smart Kitchens market report include:

  • Dacor, Inc.
  • Electrolux AB
  • GE Appliances
  • Haier Group
  • LG Electronics Inc.
  • MIRC Electronics Ltd. (Onida)
  • Samsung Electronics Co., Ltd.
  • Sectorqube Inc.
  • Whirlpool Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Smart Kitchen - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Consumer Interest in Connected and Automated Kitchen Appliances Spurs Market Growth
  • Advancements in IoT, AI, and Machine Learning Technologies Strengthen Product Innovation
  • Integration with Smart Home Ecosystems Expands Addressable Market Opportunity
  • Focus on Energy Efficiency, Safety, and Convenience Drives Adoption of Smart Kitchen Solutions
  • Development of Voice-Controlled and AI-Driven Smart Kitchen Assistants Accelerates Market Expansion
  • Increasing Adoption of Smart Cooking Devices and Connected Appliances Propels Market Demand
  • Emergence of Subscription-Based Recipe and Meal Planning Services Generates New Revenue Streams
  • Focus on Enhancing User Experience and Personalization Supports Market Competitiveness
  • Expansion of Smart Cities and Urban Development Projects Supports Smart Kitchen Market Growth
  • Increasing Use of Smart Sensors for Real-Time Monitoring and Maintenance Spurs Market Expansion
  • Need for Integration with Broader Smart Home Automation Systems Drives Product Development
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Smart Refrigerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Smart Refrigerators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Smart Cookware & Cooktops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Smart Cookware & Cooktops by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Smart Ovens by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Smart Ovens by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Residential Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Residential Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Commercial Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Commercial Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Smart Kitchens Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 14: World Recent Past, Current & Future Analysis for Smart Kitchens by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World 7-Year Perspective for Smart Kitchens by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 16: USA Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 17: USA 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 18: USA Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: USA 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: Canada 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 22: Canada Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: Canada 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
JAPAN
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 24: Japan Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Japan 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 26: Japan Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Japan 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
CHINA
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 28: China Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: China 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 30: China Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 31: China 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
EUROPE
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Europe 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 35: Europe 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Smart Kitchens by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 37: Europe 7-Year Perspective for Smart Kitchens by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: France 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 40: France Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 41: France 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
GERMANY
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 42: Germany Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 43: Germany 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 44: Germany Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Germany 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
ITALY
  • Table 46: Italy Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 47: Italy 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 48: Italy Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Italy 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
UNITED KINGDOM
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: UK 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 52: UK Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 53: UK 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
REST OF EUROPE
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 55: Rest of Europe 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Europe 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
ASIA-PACIFIC
  • Smart Kitchens Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 59: Asia-Pacific 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 61: Asia-Pacific 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
REST OF WORLD
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Smart Kitchens by Product Type - Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Rest of World 7-Year Perspective for Smart Kitchens by Product Type - Percentage Breakdown of Value Sales for Smart Refrigerators, Smart Cookware & Cooktops, Smart Ovens and Other Product Types for the Years 2024 & 2030
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Smart Kitchens by Application - Residential Application and Commercial Application - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 65: Rest of World 7-Year Perspective for Smart Kitchens by Application - Percentage Breakdown of Value Sales for Residential Application and Commercial Application for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned

  • Dacor, Inc.
  • Electrolux AB
  • GE Appliances
  • Haier Group
  • LG Electronics Inc.
  • MIRC Electronics Ltd. (Onida)
  • Samsung Electronics Co., Ltd.
  • Sectorqube Inc.
  • Whirlpool Corporation

Table Information