1. Global Connected Kitchen Appliances Market Insight Analysis
The global Connected Kitchen Appliances market value is projected to reach $63,804.67 million (USD) by 2024, with a compound annual growth rate (CAGR) of 12.82% from 2024 to 2033.
Connected kitchen appliances are a category of smart devices that integrate advanced technology with traditional kitchen tools. These appliances leverage the Internet of Things (IoT) to enhance functionality, improve user experience, and increase efficiency. Examples include smart refrigerators that can track inventory and suggest recipes, smart cookers that can be controlled remotely, and smart kitchen hoods that automatically adjust ventilation based on cooking conditions. The integration of these technologies not only simplifies daily cooking tasks but also promotes a more sustainable and efficient kitchen environment.
Figure Global Connected Kitchen Appliances Market Size (M USD) and CAGR (2024-2033)
2. Driving and Limiting Factors of Connected Kitchen Appliances Market Growth
Technological Advancements: The rapid development of IoT and smart home technologies has enabled the creation of more sophisticated and user-friendly connected kitchen appliances. These advancements allow for seamless integration with other smart devices, enhancing the overall user experience.
Increasing Demand for Convenience: Modern consumers are increasingly looking for ways to simplify their daily routines. Connected kitchen appliances offer the convenience of remote control, automated functions, and real-time monitoring, making them highly appealing to busy households.
Rising Disposable Income: As the global economy grows, more consumers have disposable income to spend on premium appliances. This trend is particularly evident in emerging markets, where the middle class is expanding rapidly.
Smart Home Integration: The increasing popularity of smart homes has created a favorable environment for connected kitchen appliances. Consumers who have already invested in smart home systems are more likely to adopt connected kitchen appliances as part of their overall smart home ecosystem.
Sustainability and Energy Efficiency: Connected appliances often come with energy-saving features that appeal to environmentally conscious consumers. These appliances can optimize energy usage and reduce waste, contributing to a more sustainable lifestyle.
High Initial Costs: The advanced technology integrated into connected kitchen appliances often results in higher initial purchase prices. This can be a barrier for some consumers, particularly those on a tight budget.
Complexity and Technical Issues: Some consumers may find the setup and operation of connected appliances complex. Technical issues such as connectivity problems or software glitches can also deter potential buyers.
Privacy and Security Concerns: The use of IoT technology raises concerns about data privacy and security. Consumers may be hesitant to adopt connected appliances if they are worried about potential breaches of their personal information.
Market Saturation in Developed Regions: In some developed markets, the penetration of basic kitchen appliances is already high. This can limit the growth potential for connected appliances unless there is a strong incentive for consumers to upgrade.
3. Technology Innovation and Corporate Mergers and Acquisitions in Connected Kitchen Appliances Market
rtificial Intelligence and Machine Learning: These technologies are being used to enhance the functionality of connected appliances. For example, smart refrigerators can use AI to analyze food consumption patterns and suggest personalized recipes.
Voice Control and Integration with Virtual Assistants: Many connected appliances now support voice control through integration with virtual assistants like Amazon Alexa, Google Assistant, and Apple Siri. This allows for hands-free operation and greater convenience.
Energy Management and Sustainability: New developments in energy management systems are enabling connected appliances to optimize energy usage and reduce waste. This aligns with the growing consumer demand for sustainable products.
Advanced Sensors and Connectivity: The use of advanced sensors and improved connectivity options (e.g., Wi-Fi, Bluetooth) is enhancing the performance and reliability of connected appliances.
Haier’s Acquisition of GE Appliances: In 2016, Haier Group acquired GE Appliances for $5.4 billion. This acquisition expanded Haier’s presence in the North American market and enhanced its product portfolio.
Electrolux’s Acquisition of Anova: In 2017, Electrolux acquired Anova, a leading provider of sous vide cooking devices. This move allowed Electrolux to enter the rapidly growing market for smart cooking appliances.
4. Global Connected Kitchen Appliances Market Size by Type
Smart refrigerators are equipped with advanced sensors and connectivity features that allow users to monitor and manage their food storage remotely. These appliances can track inventory, suggest recipes based on available ingredients, and even order groceries automatically. The global market value for smart refrigerators in 2024 is projected to reach approximately $24417.66 million USD.
Smart cookers encompass a range of appliances such as ovens, rice cookers, and microwave ovens that can be controlled via smartphone apps or voice commands. They offer precise cooking controls and can adjust cooking times and temperatures automatically. The market value for smart cookers in 2024 is estimated to be around $7498.74 million USD.
Smart kitchen hoods are designed to detect and manage airflow automatically based on cooking conditions. They can adjust their speed and filtration settings to optimize performance and energy efficiency. The market value for smart kitchen hoods in 2024 is forecasted to be approximately $10993.13 million USD.
Table Global Connected Kitchen Appliances Market Size by Type in 2024
|
Market Size (M USD) 2024 | |
|
Smart Refrigerator |
24417.66 |
|
Smart Cookers |
7498.74 |
|
Smart Kitchen Hoods |
10993.13 |
|
Others |
20895.14 |
5. Global Connected Kitchen Appliances Market Size by Application
Commercial use of connected kitchen appliances includes applications in restaurants, hotels, catering services, and other food service establishments. These appliances are designed to handle high volumes and require robust, durable, and efficient solutions. The market revenue for commercial use of connected kitchen appliances in 2024 is estimated to be around $4756.03 million USD.
Home use of connected kitchen appliances refers to their application in residential kitchens. These appliances focus on enhancing the cooking experience, improving food storage, and providing convenience to homeowners. The market revenue for home use of connected kitchen appliances in 2024 is projected to be approximately $59,048.64 million USD. In 2024, the application with the largest market share is Home Use, accounting for approximately 93.02% of the total market revenue.
Table Global Connected Kitchen Appliances Market Size by Application in 2024
|
Application |
Market Size (M USD) 2024 |
|
Commercial Use |
4756.03 |
|
Home Use |
59048.64 |
6. Global Connected Kitchen Appliances Market by Top Regions
North America, with its tech – inclined population and well – developed infrastructure, holds a significant share in the connected kitchen appliances market. The market value of connected kitchen appliances in North America is substantial. In 2024, the North America smart kitchen appliances market size was estimated at USD 9479.24 million, and it is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2024 to 2033.
Europe also plays a notable role in the connected kitchen appliances market. In 2024, the Europe smart kitchen appliances market size was estimated at USD 10200.31 million and is projected to grow at a CAGR of 15.7% from 2024 to 2033. European consumers, known for their appreciation of high – quality and well – designed products, are increasingly embracing connected kitchen appliances. Smart cookers with precise cooking controls and remote – programming capabilities are well – received in European households. The use of technologies such as advanced user interfaces, artificial intelligence (AI), and cloud – to – cloud connectivity has also enhanced the appeal of these appliances.
The Asia – Pacific region is emerging as a dominant force in the connected kitchen appliances market. The large and growing middle class, rapid urbanization, and high digital technology adoption rates in the region have propelled the market value of connected kitchen appliances. In 2024, the Asia – Pacific region is expected to be 40259.62 million.
Figure Global Connected Kitchen Appliances Market Size by Region in 2024
7. Global Connected Kitchen Appliances Market Analysis by Major Players
7.1 Samsung Electronics
Company Introduction and Business Overview: Samsung Electronics is a global leader in the electronics industry, with a wide – ranging portfolio that includes semiconductors, consumer electronics, and home appliances. Established in 1969, the company has a presence in markets worldwide. In the connected kitchen appliances segment, Samsung aims to provide innovative and user – friendly products that enhance the cooking and kitchen management experience.
Products It Offers: Samsung offers a range of connected kitchen appliances, with its smart refrigerators being a highlight. The Family Hub™ refrigerator, for example, allows users to see inside the fridge from anywhere through built – in cameras, create and share shopping lists, and even control other smart devices in the home. It also has smart cookers and kitchen hoods that can be controlled remotely through mobile apps, providing convenience and precision in cooking and kitchen ventilation.
7.2 Whirlpool
Company Introduction and Business Overview: Whirlpool Corporation, established in 1911, is a well – known name in the home appliances industry. It manufactures and markets a wide variety of major home appliances, with a global market distribution. The company focuses on innovation to meet the evolving needs of consumers and has a strong reputation for product quality.
Products It Offers: Whirlpool offers smart wall ovens that can be controlled by compatible voice – enabled devices, touch, and apps. This allows users to easily manage cooking tasks, even when they are away from the kitchen. Its smart dishwashers are designed to keep up with chores on the user’s schedule, with customizable cycles. These products are part of Whirlpool’s effort to provide a seamless and convenient kitchen experience.
7.3 BSH
Company Introduction and Business Overview: BSH Hausgeräte GmbH, established in 1967, is a leading international home appliance company and the largest home appliance producer in Europe. It serves customers worldwide with a broad portfolio of home appliances. In the connected kitchen appliances market, BSH focuses on providing high – quality and reliable products.
Products It Offers: BSH offers Bosch Dishwashers with Home Connect, which can notify users when the dishwasher cycle is complete and has an advanced leak – detection and prevention system. This ensures convenience and peace of mind for users. The company also has other connected kitchen appliances such as smart ovens and refrigerators that come with features like precise temperature control and remote monitoring.