Product ID: SQMIG25I2027
Report ID:
SQMIG25I2027 |
Region:
Global |
Published Date: April, 2024
Pages:
234
|
Tables:
65 |
Figures:
75
North America is expected to control the smart kitchen appliances market share. This is attributed to the growth in smart grid initiatives, shifting consumer preferences, and rising purchasing power. The increase in government incentives for using energy-efficient technology is one of the key factors driving the market. Regional demand for smart kitchen appliances will increase as a result of the expansion of residential and commercial construction projects in this area.
The smart appliance market is anticipated to grow at the highest CAGR in APAC. Major smart appliance producers with a constant focus on technological advancements can be found in the APAC, including Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), and LG Electronics (South Korea). Additionally, the markets for smart appliances in China, Japan, South Korea, and India have the potential to grow rapidly.
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REQUEST FREE CUSTOMIZATIONGlobal Smart Kitchen Appliances Market size was valued at USD 13.18 billion in 2019 and is poised to grow from USD 15.67 billion in 2023 to USD 60.19 billion by 2031, growing at a CAGR of 18.4% in the forecast period (2024-2031).
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Product ID: SQMIG25I2027