What is the current size and annual growth rate of the electric kettles market?
The electric kettles market size has grown strongly in recent years. It will grow from $4.38 billion in 2024 to $4.65 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased consumer lifestyle changes, increased health and safety concerns, increased energy efficiency regulations, design and aesthetics, and environmental awareness.
The electric kettles market size is expected to see strong growth in the next few years. It will grow to $5.81 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing convenience and time-saving, urbanization, shift towards electric appliances, increasing demand for electric appliances. Major trends in the forecast period include product innovations, partnerships, technological advancements and company investments in electric kettles.
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What have been the primary factors driving the electric kettles market’s growth?
A rise in gas prices is expected to propel the growth of the electric kettle market going forward. Gas refers to a substance in a gaseous state, such as natural gas or gasoline, used for various purposes, including heating, cooking, and fueling vehicles. The increase in gas prices is attributed to factors such as changing exchange rates, taxes, and regulations. Consumers seek energy-efficient alternatives for heating water, reducing reliance on gas-powered appliances, and mitigating the impact of escalating fuel costs on household budgets. Electric kettles provide a convenient, efficient, and safe way to boil water, making them an indispensable appliance in modern kitchens and households. For instance, in September 2024, according to the U.S. Energy Information Administration (EIA), a US-based statistical and analytical agency, reported that in 2023, the national average price of midgrade gasoline was roughly 52 cents per gallon higher than that of regular-grade gasoline, while premium-grade gasoline averaged about 85 cents more per gallon than regular-grade. Therefore, a rise in gas prices is driving the growth of the electric kettle market.
What are the key segments within the electric kettles market?
The electric kettles market covered in this report is segmented –
1) By Type: See Through, Opaque
2) By Raw Material: Stainless Steel, Plastic, Glass, Other Raw Materials
3) By Distribution Channel: Offline, Online Stores, Other Distribution Channels
4) By Application: Residential, Commercial
Subsegments:
1) By See Through: Glass Electric Kettles, Plastic Or Glass Hybrid Electric Kettles
2) By Opaque: Stainless Steel Electric Kettles, Plastic Electric Kettles, Other Opaque Material Electric Kettles
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Which key players are shaping the electric kettles market?
Major companies operating in the electric kettles market are Siemens AG, Whirlpool Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., Electrolux AB, Groupe SEB SA, De’Longhi Group, Breville Group, Hamilton Beach Brands Inc., Braun GmbH, Aroma Housewares Company, Chefman LLC, Conair Corporation, Sunbeam Products Inc., Russell Hobbs Inc., Bella Housewares, Proctor Silex Ltd., Gourmia Inc., Morphy Richards Limited, Bodum USA Inc., StoreBound LLC, Brentwood Appliances Inc., Sensio Inc., Sunbeam Corp., Kenwood Limited
How will emerging trends drive the electric kettles market throughout the forecast period?
Companies operating in the electric kettle market are innovating valuable advanced products such as thermostatic kettles, using app connectivity to provide better product offerings and enhance their portfolio. Thermostatic kettles with app connectivity are innovative kitchen appliances that offer precise temperature control and remote operation via a mobile application. These kettles integrate advanced thermostatic technology, allowing users to accurately set and maintain specific water temperatures. For instance, in November 2022, Xiaomi, a China-based technology company, launched the Xiaomi MIJIA Thermostatic Kettle 2 Pro, customized using the MIJIA app in China. It boasts a 1.7-liter capacity and features a digital LED display. It facilitates rapid 1800W heating and maintains heat for up to 24 hours. Additionally, it comes with a smart light ring, oversized buttons, and an effective noise-reduction coating. The MIJIA app also allows users to set the temperature in advance and adjust the heat preservation time according to their needs.
How do regional factors impact the electric kettles market, and which region is the largest contributor?
Asia-Pacific was the largest region in the electric kettles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric kettles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Electric Kettles Market Report 2025 Offer?
The electric kettles market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Electric kettles are kitchen appliances designed to quickly and efficiently boil water for various purposes, such as making tea, coffee, or instant meals. They typically feature rapid heating elements, automatic shut-off safety mechanisms, and ergonomic designs for easy handling.
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