Smart Kettle Market Size Projected To $968.5 Million By 2027 | Asia Pacific Dominated The Market in 2019 and Accounted for More Than 36.0% of The Total Market Share: Grand View Research, Inc.

Smart Kettle Market Size Projected To $968.5 Million By 2027 | Asia Pacific Dominated The Market in 2019 and Accounted for More Than 36.0% of The Total Market Share: Grand View Research, Inc.

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According to a new report by Grand View Research, Inc the global smart kettle market size was valued at USD 237.3 million in 2019 and is anticipated to expand at a CAGR of 19.2% over the forecast period. Rising consumer disposable income, growing awareness of connected homes, and increasing technological trends such as Internet of Things (IoT) and Artificial Intelligence (AI) enabled devices are spurring the growth of smart kettles in residential as well as commercial sectors.

The global smart kettle market size is expected to reach USD 968.5 million by 2025, expanding at a CAGR of 19.2% in the forecast period, according to a new report by Grand View Research, Inc. The market is driven by increasing penetration of IoT (Internet of Things) and voice-enabled devices. With the rapid technological upgradation, rise in the emergence of smart technologies, and launch of voice assistance devices like Amazon Echo and Google home appliances are considered to be the major factors fueling the market growth. In addition, these appliances are equipped with high intelligence sensors and can be operated remotely from android or iOS systems of smartphones or tablets. Growing trend of connected devices in small kitchen appliances is also expected to propel the market in the forecast period.

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China smart kettles market

The Bluetooth technology segment accounted for more than 30.0% of the market share in 2019 and is expected to witness a significant growth over the forecast period. With new innovations in smart mers to look for high quality and multi-functioned smart kettles. It is typically available in power ratings ranging from 1200 W to 3000 W. High energy saving efficiency and remote controlling access via IoT environment are some of the prominent factors contributing to the growth of smart kettles.

Further key findings from the report suggest:

  • In terms of revenue, voice-enabled based as a technology is projected to ascend at a CAGR of 19.9% over the forecast years

  • 1200-1800 W range in power rating segment is expected to grow fastest with CAGR of 19.8% over the forecast period

  • Europe is one of the fastest growing regions and it is growing at a significant rate of 19.7% CAGR due to growing number of the smart homes and advanced lifestyle standards especially in U.K. and Germany

  • Some of the major companies in the smart kettle market areBreville Group Limited; Smarter Applications Ltd.; AEG, Fellow Industries, Inc.; Xiaomi; Brewista, Inc.; Sage Appliances; and AppKettle.

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Global smart kettles market

 

The Asia Pacific dominated the smart kettle market in 2019 and accounted for more than 36.0% of the total market share owing to rapid lifestyle changes, improving disposable income, and healthy economic growth. India and China are expected to be the fastest growing countries in the regional market. Increasing proliferation of smart technologies such as IoT solutions, AI, and voice-enabled services is expected to further drive the market in the region. Europe and North America are also expected to witness significant growth over the forecast period owing to the presence of matured economies.

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Grand View Research has segmented the global smart kettle market on the basis of technology, power rating, and region:

Smart Kettles Technology Outlook (Revenue, USD Million, 2016 – 2027)

  • Wi-Fi

  • Bluetooth

  • Voice-enabled

  • Others

Smart Kettles Power Rating Outlook (Revenue, USD Million, 2016 – 2027)

  • Up to 1200 W

  • 1200-1800 W

  • 1800-3000 W

Smart Kettles Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle east & Africa

    • South Africa

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About Grand View Research

 

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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