The Business Research Company’s report on the Smart Kitchens Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the smart kitchens market in recent years?
The increasing focus on energy efficiency and sustainability is expected to propel the growth of the smart kitchens market going forward. Energy efficiency and sustainability can be attributed to factors such as rising energy costs, growing environmental concerns, regulatory pressures, technological advancements, consumer demand for greener products, and the need to mitigate climate change impacts. Smart kitchens enhance energy efficiency and sustainability by optimizing energy use through automated systems, energy-saving appliances, and smart technology that reduce waste and improve resource management. For instance, in 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, total net electricity production within the OECD amounted to 882.1 TWh, marking a 1.2% year-over-year growth compared to 2023. Additionally, electricity generation for the first three quarters of 2024 increased by 2.5% relative to the same period in 2023. Therefore, increasing focus on energy efficiency and sustainability is driving the smart kitchens market.
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What is the projected market size of the smart kitchens industry, and how is it expected to grow?
The smart kitchens market size has grown exponentially in recent years. It will grow from $36.59 billion in 2024 to $46.31 billion in 2025 at a compound annual growth rate (CAGR) of 26.6%. The growth in the historic period can be attributed to increased demand for convenience, growing consumer interest in energy efficiency, increased focus on health and wellness, growing demand for automation, and increased focus on sustainability.
The smart kitchens market size is expected to see exponential growth in the next few years. It will grow to $117.50 billion in 2029 at a compound annual growth rate (CAGR) of 26.2%. The growth in the forecast period can be attributed to growing demand for automation, growing need for linked appliances, rising adoption of smart home ecosystems, growing adoption of voice assistants, and growing demand for personalization in cooking. Major trends in the forecast period include developing smart appliances, integration of connected devices, innovation in appliance design and functionality, integration of ai and automation, and integration of voice assistants.
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Who are the key players driving competition in the smart kitchens market?
Major companies operating in the smart kitchens market are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Siemens AG, LG Electronics Inc., General Electric, Panasonic Corporation, Midea Group Co. Ltd., Haier Group Corporation, KitchenAid Inc., Whirlpool Corporation, Koninklijke Philips N.V, BSH Hausgerate GmbH, Electrolux AB, Groupe SEB S.A., Miele And Cie. KG, Beko Elektronik A.S, Butterfly Gandhimathi Appliances Limited, Zerowatt S.p.A, Tovala Inc., Brava Home Inc., Anova Culinary LLC, Cosori Inc., Daewoo Electronics Corporation
What key trends are expected to drive the smart home pet products market during the forecast period?
Major companies operating in the smart kitchen market are focusing on developing technologically advanced solutions, such as all-in-one connected kitchen platforms, to enhance convenience, functionality, and user experience. An all-in-one connected kitchen platform is a comprehensive system that integrates various smart kitchen devices and appliances into a unified network, allowing them to communicate with each other for seamless control and automation. For instance, in September 2023, Fresc Technologies Inc., an Ireland-based technology company, launched KitchenOS to deliver true multi-brand device control for smart kitchen appliances. KitchenOS is an integrated operating system for smart kitchens, offering features like device integration, voice control, AI-driven assistance, energy management, and remote control, with types ranging from basic systems that connect essential appliances to advanced systems that offer full automation and personalized cooking experiences.
Which key geographies are driving the growth of the smart kitchens market?
North America was the largest region in the smart kitchens market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the smart kitchens market?
The smart kitchens market covered in this report is segmented –
1) By Product Type: Smart Refrigerators, Smart Oven, Smart Dishwashers, Smart Cooktops, Other Product Types
2) By Technology: Wireless Fidelity Enabled Appliances, Bluetooth Enabled Appliances, Radio-Frequency Identification Enabled Appliances, Voice-Activated Appliances, Sensor-Based Appliances
3) By End-User: Residential And Home Users, Commercial Users
Subsegments:
1) By Smart Refrigerators: French Door Smart Refrigerators, Side-by-Side Smart Refrigerators, Bottom Freezer Smart Refrigerators, Top Freezer Smart Refrigerators
2) By Smart Oven: Convection Smart Ovens, Microwave Smart Ovens, Steam Smart Ovens, Countertop Smart Ovens
3) By Smart Dishwashers: Built-in Smart Dishwashers, Freestanding Smart Dishwashers, Drawer Smart Dishwashers
4) By Smart Cooktops: Induction Smart Cooktops, Gas Smart Cooktops, Electric Smart Cooktops
5) By Other Product Types: Smart Coffee Makers, Smart Kettles, Smart Toasters
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How is the smart kitchens market defined, and what are its core characteristics?
Smart kitchens refer to modern kitchens that incorporate advanced technologies to improve cooking, food storage, and overall kitchen management. These kitchens utilize connected devices such as smart refrigerators, ovens, dishwashers, and lighting systems, all of which can be controlled remotely through smartphones, voice commands, or automation systems.
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