Market Overview:

The MRFR analysis reports suggest that the North America and Europe Smart Kitchen Appliances Market is projected to register a CAGR of 16.9% and reach a value of USD 5595.05 Million by 2030

Smart kitchens are generally connected to something connected via IoT (Internet of Things) technology, Wi-Fi, or Bluetooth. As the smart kitchen connects to each other, it's easy to operate remotely using a phone app or a smart home platform like Google Assistant or Amazon Alexa. The smart kitchen appliances include blenders, coffee makers, microwaves, ovens, and refrigerators. The North America Europe Smart Kitchen Appliances Market has witnessed a massive surge in the last few years. The market's growth is mainly attributed to the changes in living standards around the world. Furthermore, the increasing interest in smart connected home appliances, demand for energy-efficient appliances, and constant technological evolution are also projected to positively impact the market's growth over the coming years.

Segment Analysis:

The North America Europe Smart Kitchen Appliances Market Outlook has been fragmented into various segments based on technology, application, distribution channel, product type, and region.

Based on product type, the North America Europe smart kitchen appliances market is split into the intelligent pan, thermomix, crockpot, smart weighing scale, instant pot, smart ovens, combination ovens, and others.

The North America Europe smart kitchen appliances market is split into commercial and residential based on application. 

The North America Europe smart kitchen appliances market is divided into wireless censor networks, Bluetooth, RFID, and others based on technology type.

The North America Europe smart kitchen appliances market is split into non-store-based and store-based channels based on the distribution channel.

Regional Analysis:

The study of the smart kitchen appliances market across the European and American regions includes the study of the market in terms of sales, revenue, growth drivers, etc.

As per the MRFR analysis, the North American regional market is anticipated to secure the leading position in the North America Europe smart kitchen appliances market over the forecasted era. The regional market is likely to exhibit a healthy CAGR of approximately 18.08% by the end of 2023. The regional market is projected to acquire a size of over USD 5906.78 million by the end of 2023. The major aspect causing an upsurge in the regional market's growth is the availability of a wide range of smart kitchen appliances. Furthermore, the factors such as the growing focus on R D and convenient usage of smart kitchen appliances are also projected to catalyze the regional market's growth over the coming years.

The European region is projected to exhibit a healthy CAGR of over 6.1% over the assessment era. The regional market is likely to acquire a valuation of over USD 5595.05 million by 2023. The regional market's growth is primarily attributed to the growing consumer inclination toward adopting advanced technology in everyday life.

Competitive Analysis:

The North America Europe Smart Kitchen Appliances Market Major Players has leaders such as Etekcity Corporation, Breville Group Ltd., Lakeland Limited, AB Electrolux, Hestan Cue, Inc., Hamilton Beach Brands, Inc., Vorwerk Elektrowerke GmbH Co. KG, Robert Bosch GmbH, Tovala, Samsung Electronics Co., Ltd., and Whirlpool Corp. among several others.

Recent Developments:

• April 2022- the world leader in Interior Functionality, Hafele, has announced the launch of a new communication strategy to redefine its position as a "Lifestyle brand" that can bring ease, flexibility, creativity, and convenience to homes. Hafele products offer future readiness, flexibility, novelty, and experience to various spaces in any home.
• January 2022- Whirlpool, a prominent player in-home convenience appliance, has announced its smart appliances are getting better-connected upgrades over time, starting with the brand-new Air Fry Mode, which will allow consumers to care for their families in new and innovative ways.

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/