Published Date : Jul 30, 2018
ALBANY, New York, July 30, 2018 - The global smart kitchen appliances market is envisaged to improve growth while riding on rising preference for ecofriendly measures witnessed across the world. A report added by MarketResearchReports.biz segments the market based on application and product. On the basis of application, the market is segregated into household and commercial. In terms of type of product, it is classified into smart hood, smart cookers, and smart refrigerator. The report is titled “Global Smart Kitchen Appliances Market Professional Survey Report 2018.” Regulatory authorities taking power conservation initiatives are anticipated to push the growth of the market in the near future.
Compared to conventional kitchen appliances, their smart counterparts offer great comfort and efficiency when operated. The global smart kitchen appliances market is expected to obtain telling growth in the coming years as the industry sees expansion on the back of increasing development in technology. Connectivity to household as well as handheld devices via advanced connectivity features and sensors is expected to increase the demand in the market. Development of efficient products in the market could be ensued from growing popularity of easy operability and functional efficiency of smart kitchen appliances. Another factor that could shift the preference to smart kitchen appliances is rising energy consumption of conventional devices.
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Soaring energy costs is envisioned to lead to a surge in demand for smart kitchen appliances. The global smart kitchen appliances market could be favorably impacted by growing adoption of luxurious goods and improving purchasing power of consumers in developed economies. Adoption in the market could also be boosted with awareness about high energy efficiency of smart kitchen appliances. With increased spending on household devices, the residential sector could significantly contribute toward the growth of the global smart kitchen appliances market. Nevertheless, there could be some contribution from the commercial sector as well.
Among key regions of the global smart kitchen appliances market, North America is envisioned to show its dominance in terms of revenue share. This region could take advantage of changing consumer preferences and rising count of smart grid projects undertaken to secure a leading position in the market. It could also bank on high adoption of energy-efficient devices with rising government initiatives to gain a larger share of the market. Furthermore increasing awareness about various benefits of smart kitchen appliances is also expected to push the growth of the regional market. On the other hand, Asia Pacific could exhibit considerable growth in the market.
Acquisition and adoption of sophisticated technology could be among leading strategies adopted by players to satisfy rising demands of consumers. Some of the key players of the global smart kitchen appliances market are Miele & Cie KG, Haier Group, LG Electronics, Samsung Electronics, AB Electrolux, and Whirlpool Corporation.
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