1 Global Smart Kitchen Appliance Market Size (Revenue) and CAGR (2024-2033)
Global Smart Kitchen Appliance market generated revenue of USD 21220.25 Million in 2024 with a CAGR of 12.53% during 2024 to 2033.
The current situation of the Smart Kitchen Appliance market is characterized by rapid technological advancements and a shift towards smart home solutions. The market is witnessing an influx of innovative products that integrate IoT, AI, and cloud computing technologies, enabling seamless connectivity and heightened convenience. The pandemic has further accelerated the adoption of smart kitchen appliances, as more people are spending time at home and seeking ways to enhance their cooking efficiency and food management.
Moreover, the market is also influenced by the growing environmental consciousness among consumers, leading to a preference for energy-efficient and eco-friendly kitchen appliances. Manufacturers are responding to this trend by developing smart kitchen solutions that not only offer convenience but also promote sustainability. Despite the promising outlook, the market faces challenges such as high initial costs, the long replacement cycle of kitchen appliances, and the varying levels of tech acceptance among different consumer groups, particularly the elderly.
Figure Global Smart Kitchen Appliance Market Size (M USD) Outlook (2024-2033)
2 Smart Kitchen Appliance Industry Technology Status and Trends
Smart kitchen equipment with Wi-Fi function is an important development of the industry. Wi-Fi-enabled kitchen equipment enables owners to monitor the working process, thus enabling them to remotely start and track through their mobile phones or tablets. In the past few decades, refrigerators have changed a lot. The intelligent refrigerator has been transformed into an interactive device. The screen of the smart refrigerator can take notes and create shopping lists. There is also a camera in the refrigerator to check the inventory. Intelligent scale can not only tell the user the weight of an item, but also decompose its nutritional value.
Manufacturers are constantly building more advanced smart kitchen equipment. For instance, in November 2020, Xiaomi announced to launch multifunctional smart electric kettle under its MIJIA product segment. This smart kettle can be controlled remotely with a smart phone through the MIJIA mobile application.
In 2019, Haier unveiled new 7-brand Smart Home Solution at Appliances and Electronics World Expo, 2019. The upgraded solution integrates the latest technologies from Haier Group’s seven brands to deliver the next generation of smart homes.
It is expected that green kitchen will become one of the biggest trends in the next decade, and the trend of electrical kitchen appliances and overall design will become more sustainable and efficient. Energy-saving smart kitchen appliances, thermal induction technology, built-in water-saving systems and other equipment will become more popular in the next few years. In addition, technologies such as complete integration, automation and self-cleaning are also important directions for future development.
3 Global Smart Kitchen Appliance Market by Type in 2024
The global smart kitchen appliance market is on the cusp of a significant transformation, with technology and innovation at the forefront. In 2024, this market showcase a variety of products that are not only redefining the kitchen experience but also capturing substantial market shares.
Smart Refrigerators: Smart refrigerators, integrating advanced features like internal cameras, flexible cooling options, and remote control via smartphones, hold the largest market share in 2024. With a value of USD 9485.72 million, these refrigerators account for a significant portion of the total market. Their ability to connect with other smart devices in the home and offer features like expiration tracking and smart food management has made them a favorite among tech-savvy consumers. The market share of smart refrigerators is about 44.70% in 2024, making them the dominant product in the smart kitchen appliance market.
Smart Dishwashers: Smart dishwashers, offering Wi-Fi connectivity and voice control features, are capturing a substantial market with a value of USD 2977.42 million in 2024. Although their market share stands at 14.03%, they exhibit a consistent growth pattern. These dishwashers are particularly appealing for their convenience, allowing users to start, stop, or monitor cycles remotely.
Smart Ovens: Smart ovens, with their internet connectivity and app control features, are experiencing rapid growth. In 2024, the market size for smart ovens is USD 1097.92 million, with a market share of 5.17%. These ovens are not just for cooking but also for home automation, allowing users to set temperatures, timers, and even receive recipes.
Smart Cookware and Cooktops: Smart cookware and cooktops, which measure temperature variations in real-time and connect to apps via Bluetooth, have a market size of USD 3995.83 million in 2024. Their market share is 18.83%. These products are gaining traction for their precision in cooking and the ability to provide feedback to users, enhancing the overall cooking experience.
Smart Scales and Thermometers: Smart scales and thermometers, with their remote control capabilities and nutrition information display, have a market size of USD 866.26 million in 2024. Although their market share is the smallest at 4.08%, they are part of a niche market that is growing in importance as health consciousness increases.
The smart kitchen appliance market is a testament to the rapid advancement of technology and its integration into everyday life. In 2024, smart refrigerators lead the pack with the largest market share, while smart ovens boast the fastest growth rate. As consumers continue to embrace smart home solutions, the market is set to expand, with each product type catering to different needs and preferences. The future looks promising for smart kitchen appliances, with innovation driving market growth and consumer satisfaction.
Table Global Smart Kitchen Appliance Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share (%) |
|---|---|---|
Smart Refrigerators | 9485.72 | 44.70 |
Smart Dishwashers | 2977.42 | 14.03 |
Smart Ovens | 1097.92 | 5.17 |
Smart Cookware and Cooktops | 3995.83 | 18.83 |
Smart Scales and Thermometers | 866.26 | 4.08 |
Others | 2797.11 | 13.18 |
4 Global Smart Kitchen Appliance Market by Application in 2024
The Smart Kitchen Appliance market is revolutionizing the way we cook and interact with our kitchens. After 2024, this market is expected to see significant growth, with various applications playing a crucial role in its expansion.
Commercial Application: The commercial application of smart kitchen appliances, which includes their use in hotels, restaurants, and other food service establishments, holds the largest market share in 2024. With a market size of USD 4354.76 million, this segment accounts for 20.52% of the total market. The commercial sector’s demand for smart kitchen appliances is driven by the need for efficiency, consistency in food quality, and the ability to serve a high volume of customers. The fast pace of the hospitality industry makes smart appliances, such as automated cooking systems and energy-efficient refrigerators, essential for operational success.
Household Application: While the commercial sector leads in market share, the household application of smart kitchen appliances is not far behind, with a market size of USD 16865.48 million in 2024. This segment is projected to capture a substantial 79.48% of the market share, indicating the widespread adoption of smart kitchen appliances in homes worldwide. The household application’s growth is fueled by the increasing desire for convenience, energy efficiency, and the ability to integrate these appliances with other smart home devices. This growth can be attributed to the rising middle class in emerging economies, technological advancements, and the desire for a more connected and automated home life.
The smart kitchen appliance market is diverse, with commercial and household applications each playing a vital role in its growth. In 2024, the household application dominates the market share, while the commercial application, though smaller, remains a significant contributor to the industry’s expansion. The fastest-growing rate of the household application indicates a future where smart kitchen appliances become an integral part of everyday home life. As technology continues to evolve, both applications are expected to see further development, offering innovative solutions that cater to the changing demands of consumers and the industry alike. The future of the smart kitchen appliance market is promising, with applications that not only meet the current needs but also anticipate the future trends in cooking and home management.
Table Global Smart Kitchen Appliance Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Commercial | 4354.76 | 20.52 |
Household | 16865.48 | 79.48 |
5 Global Smart Kitchen Appliance Market by Region in 2024
The smart kitchen appliance market is a dynamic and rapidly expanding sector within the global technology industry. As we stand in 2024, the market has shown significant growth, with different regions contributing to this expansion in various ways.
United States: The US market stands out as the largest revenue generator in the global smart kitchen appliance market. With a market size of USD 5994.88 million in 2024. This dominance can be attributed to several factors, including a high consumer base with a penchant for technology, a well-established e-commerce sector, and a strong presence of leading smart appliance brands. The US market is characterized by a rapid adoption rate of smart home technologies, driven by the need for convenience, energy efficiency, and advanced cooking solutions.
Europe: Europe follows closely with a market size of USD 5750.42 million in 2024. The region’s mature market and high consumer disposable income contribute to its stable position in the smart kitchen appliance market. European consumers are increasingly recognizing the benefits of smart kitchen appliances, such as improved cooking efficiency and enhanced food management. Despite its growth, Europe’s market share is expected to slightly decrease by 2029, reflecting a more gradual growth trajectory compared to other regions.
China: China’s smart kitchen appliance market is projected to reach USD 2439.02 million in 2024. While it may not be the largest in terms of revenue, China stands out as the fastest-growing region. The rapid urbanization, increasing middle class, and a tech-savvy population are driving factors behind this growth. Chinese consumers are showing a strong inclination towards smart home solutions, and smart kitchen appliances are no exception. The market is expected to continue its upward trajectory, with a significant increase in market share by 2029.
The smart kitchen appliance market is a testament to the global shift towards intelligent and connectivity in everyday life. In 2024, North America stands as the largest revenue-generating region, while the Asia-Pacific region exhibits the fastest growth, offering promising opportunities for market expansion. As the market continues to evolve, it is essential for manufacturers to understand regional dynamics and consumer preferences to capitalize on the growing global demand for smart kitchen appliances. The future looks promising, with regions like Asia-Pacific set to reshape the market landscape with their rapid growth trajectories.
Table Global Smart Kitchen Appliance Market Size, Region Wise in 2024
Region | Market Size (M USD) |
|---|---|
USA | 5994.88 |
Europe | 5750.42 |
China | 2439.02 |
Japan | 1904.84 |
India | 1149.33 |
Southeast Asia | 1546.50 |
Latin America | 858.50 |
Middle East and Africa | 558.23 |
6 Global Smart Kitchen Appliance Market Top 3 Players
Company Introduction and Business Overview: Haier Group, established in 1984, stands as a world-leading provider of better life and digital transformation solutions. With a global presence, Haier boasts a portfolio of seven high-end brands, including Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, AQUA, and Candy, along with the world’s first scenario brand THREE WINGED BIRD. The company’s commitment to innovation and quality has made it a household name in the smart kitchen appliance industry.
Products Offered: Haier Group offers a wide range of smart kitchen appliances, including smart refrigerators with touchscreen interfaces, internal cameras, and Wi-Fi connectivity, allowing users to interact with the appliance remotely. Their product line also includes smart dishwashers with advanced washing zones and extra dry features, designed to provide flexibility and efficiency in dish cleaning.
Revenue in 2022: In 2022, Haier Group is projected to achieve a revenue of USD 3344.55 million, securing its position as the market leader. This revenue is a testament to the company’s ability to meet consumer demands for smart, connected, and efficient kitchen solutions.
Company Introduction and Business Overview: LG Electronics, founded in 1947, is a global innovator in technology and consumer electronics with a presence in almost every country. The company’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle Component Solutions, and Business Solutions – combined for global sales exceeding USD 63 billion in 2021. LG is renowned for its consumer and commercial products, including TVs, home appliances, air solutions, and service robots.
Products Offered: LG Electronics’ smart kitchen appliance lineup features cutting-edge products such as the 30 cu. ft. Smart wi-fi Enabled InstaView™ Door-in-Door® Refrigerator with Craft Ice™ Maker. These appliances are designed to provide convenience and efficiency, with features like Knock-on for easy access and smart diagnosis for maintenance.
Revenue in 2022: LG Electronics is expected to generate a revenue of USD 1947.94 million in 2022, maintaining its position as one of the top players in the smart kitchen appliance market. The company’s focus on premium appliances and innovative technology has resonated with consumers worldwide.
Company Introduction and Business Overview: Whirlpool Corporation, established in 1911, is a major manufacturer and marketer of home appliances and related products. The company’s principal products include refrigerators, freezers, laundry appliances, cooking appliances, and dishwashers. With a strong presence in Europe, Asia, and the Americas, Whirlpool Corporation has solidified its place as a global leader in the home appliance industry.
Products Offered: Whirlpool Corporation’s smart kitchen appliance offerings include a range of connected products such as smart freezers with internal cameras, smart ovens with Scan-to-Cook Technology, and smart dishwashers with Wi-Fi connectivity. These products are designed to make household tasks more efficient and user-friendly.
Revenue in 2022: Whirlpool Corporation is projected to achieve a revenue of USD 1926.03 million in 2022. The company’s commitment to innovation and its broad product range have contributed to its strong revenue performance and market share.
Table Global Smart Kitchen Appliance Revenue Share of Top3 Players in 2022
Company |
|
Haier Group | 19.55% |
LG Electronics | 11.38% |
Whirlpool Corporation | 11.26% |