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.
Request a sample pdf Copy of report@ https://www.coherentmarketinsights.com/insight/request-sample/844
Smart Kitchen Appliances Market Taxonomy
On the basis of type, the global smart kitchen appliances market is segmented into:
On the basis of technology, the global smart kitchen appliances market is segmented into:
On the basis of end users, the global smart kitchen appliances market is segmented into:
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.
Ask for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/844
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.
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.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Company Name: Coherent Market Insights
Contact Person: Mr. Shah
Email: Send Email
Address:1001 4th Ave, #3200
Country: United States
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Smart Kitchen Appliances Market by Type, Technology, End Users forecast from 2017 - 2025
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org