Smart Kitchen Appliances Market

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Smart Kitchen Appliances Market
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A study, recently conducted by the strategic
consulting and market research firm, BlueWeave
Consulting, revealed that global smart kitchen
appliances market was worth USD 10.5 Billion in
the year 2020. It is estimated to grow at a CAGR
of 15, earning revenue of around
USD 26.6 Billion by the end of 2027. The
millennial consumers prefer convenient devices,
which makes their life easy. The additional
features that help connect appliances with other
household appliances such as smartphones and
tablets are making people's lives easier than
before. Thus, kitchen appliance companies are
developing appliances with various sensors that
can easily facilitate many processes, thereby
increasing the demand for the kitchen smart
appliances market. Furthermore, the incorporation
of technology into various products such as
Wi-Fi-controlled smart refrigerators, cookware,
dishwashers, and ovens, among others, provides
people with a wide range of options for
purchasing smart kitchen appliances. Therefore,
increased demand for enhanced functionality and
user experience is also contributing to the
growth of the smart kitchen appliances
industry.
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Growth Drivers Increasing penetration of internet
connectivity Due to the increasing penetration of
internet connectivity worldwide, manufacturers
are now more focused on incorporating relevant
features in home appliances. As a result, smart
kitchen appliances now include features such as
internet connectivity, remote control, and other
sensing systems that also providing energy
savings options. Furthermore, as technology
advances and people's disposable income
increases, the demand for smart kitchen
appliances is expected to skyrocket in the coming
years.  Availability of energy-saving
products Consumers are increasingly investing in
energy-efficient products. The rising cost of
fossil fuels is being driven by the rising cost
of energy on a global scale. As a result of
understanding the market scenario, many companies
are increasingly putting money into the
production of energy-saving smart kitchen
appliances.  Get the Sample Copy of the Report
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