Smart Kitchen Appliances Industry Assessment 2019-2024 with Profilings of Leading Players Whirlpool Corp, Qingdao Haier Co, Miele & Cie, Midea Group, LG Electronics, Bosch, Siemens and More

Dublin, May 26, 2020 (GLOBE NEWSWIRE) — The “Global Smart Kitchen Appliances Market: Focus on Products (Refrigerators, Dishwashers, Coffee Machines), Technology (Wi-Fi/Bluetooth), Distribution Channel (Online, Offline), End User (Residential, Commercial) and Region – Analysis and Forecast, 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
According to the market intelligence report, the smart kitchen appliances market is expected to reach $8.2 billion by 2024, rising at a CAGR of 23.08% from 2019 to 2024. Market growth is largely attributed due to the adoption of smart kitchen appliances pertaining to households with increasing disposable income to spend on premium kitchen appliances.The majority of the companies preferred launching new products to offer the customers with a wide variety to choose from, while the relatively less adoptive strategies comprised collaborations with similar companies in the supply chain, thus consolidating a small part of the market.Strategic partnerships, collaborations, and joint ventures across the value chain of the smart kitchen appliances industry presented a major strategic move made by a large number of companies since 2017. For instance, in September 2019, Qingdao Haier Co., Ltd partnered with SideChef, a software company, to develop agriculture software integrated by artificial intelligence. Similarly, a home cooking platform, to provide their users with step-by-step cooking instructions based on inventory available inside the refrigerator.What is the expected global smart kitchen appliances market size in terms of value during the period 2018-2024?What is the anticipated future scenario and revenue generated by the different types of products offered under smart kitchen appliances, such as smart refrigerators, smart dishwashers, smart coffee machines, smart ovens and microwaves, smart cooktops and ranges, among others?What is the expected future scenario and revenue generated by different end-users of smart kitchen appliances, including the residential sector and the commercial sector?What is the expected future scenario and revenue generated through different distribution channels adopted for the sale of smart kitchen appliances, including offline and online platforms?What is the expected future scenario and revenue generated by the integration of connectivity platform integrated into smart kitchen appliances, Wi-Fi/Bluetooth, and others?Which geographical region is currently the largest market in the global smart kitchen appliances market?What are the expected future scenario and the revenue generated by different geographical regions and countries in the agriculture market such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?What is the expected future scenario and revenue generated by different products under smart kitchen appliances in different regions such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?What is the competitive strength of the key players in the smart kitchen appliances market on the basis of the analysis of their recent developments, product offerings, and regional presence?What are the emerging trends in the global smart kitchen appliances market through innovations and patents filed?How are the adoption scenario, related opportunities, and challenges associated with smart kitchen appliances market?What are the market dynamics of the global smart kitchen appliances market including market drivers, restraints, and opportunities?What are the expected market driving trends for smart kitchen appliances in terms of business model, market consolidation, and new product offerings?Key Topics Covered
1 Market Dynamics
1.1 Market Drivers
1.1.1 Increasing Smart Cities Funding Fueling Smart Kitchen Appliances Demand
1.1.2 Need for Energy-Efficient Appliances in the Kitchen
1.1.3 Growing Demand for Connected Devices
1.2 Market Restraints
1.2.1 Data Privacy and IoT Security Concern Among the Consumers
1.2.2 High Purchasing Cost of Smart Kitchen Appliances
1.3 Market Opportunities
1.3.1 Favorable Government Policies to Support IoT
1.3.2 Machine-to-Machine (M2M) Communication in Smart Kitchen AppliancesFor more information about this report visit https://www.researchandmarkets.com/r/neo50yResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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