With the Rapid Advancement of Technology, Connected Kitchen Appliances Market Growing at a CAGR of 12.07% from 2024 to 2029

Global Connected Kitchen Appliances Market Overview

According to Global Market Monitor, the globalconnected kitchen appliances market size is $62.92 billion in 2024 with a CAGR of 12.07% from 2024 to 2029.Smart kitchen appliances combine technology with traditional appliances and guide people through the cooking process, making cooking easier. They can also arrange cooking time reasonably without having to spend unnecessary time cooking.

Regional Market

The Asia Pacific region dominates the global market and holds a major share of the global market due to the large middle-class population in the region. Furthermore, the high consumption of innovative refrigerator units in countries such as Japan and India is driving market growth in this region. In countries such as China, Thailand, and India, consumers are increasingly turning to electronics with higher power ratings to reduce electricity costs, further driving the demand for sustainable kitchen gadgets in the region.

Europe is expected to experience strong growth in the coming years due to the strong presence of well-known companies such as Electrolux AB, Samsung Group, LG Electronics, BSH Hausgerate GmbH, and others in the Western European region. In the construction industry in North America, the demand for connected homes equipped with smart appliances and devices is very high. Developed countries such as the United States have made significant progress in the development of smart homes. The U.S. smart home market has seen significant growth in recent years, and this trend is expected to continue shortly.

Market Trends

With the rapid advancement of technology, there has been a major shift in the kitchen, with a great emphasis on optimizing the kitchen environment and reducing the time spent cleaning and cooking. The kitchen industry is growing in importance due to devices equipped with smart sensors and IoT-enabled technologies. IoT devices will continue contributing to market growth in the coming years.

Appliances in the kitchen, including refrigerators, cooktops, coffee makers, microwaves, and wall-mounted stoves, can now connect via Wi-Fi or Bluetooth, allowing users to control them with their smartphones. Young people, especially millennials, are increasingly turning to these kitchen appliances because of their busy lives and busy work schedules, but also because of their ease and speed of cooking. Rapid advancements in product design, rapid development of operational technologies, and widespread digitalization at scale will further drive the expansion of this market in the coming years.

Due to changes in lifestyle, health, safety, and convenience, product innovation in the home appliance industry has become critical for consumers. Companies are largely focusing on introducing smart kitchen appliances to cater to consumers’ demand for technologically innovative home appliances. The rising online shopping trends are further boosting the global kitchen appliances market growth.

S	Economic development and per capita disposable income increase Improvement of people's quality of life Development of smart devices
W	Slowing economic growth High product prices
O	Product innovation and development Increasing product distributors Cooperation with smart device manufacturers
T	Increasing market competition Rising labor costs

For more industry information, please refer to our latest released "2023 Global Connected Kitchen Appliances Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".