Asia Pacific Smart Kitchen Appliances Market Size & Outlook
- Consumer Goods
- Consumer Electronics & Appliances
- Smart Kitchen Appliances Market Outlook
- Consumer Electronics & Appliances
Asia Pacific Smart Kitchen Appliances Market, 2017-2030 (US$M)
Global Market
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Asia Pacific smart kitchen appliances market highlights
- The Asia Pacific smart kitchen appliances market generated a revenue of USD 4,520.4 million in 2022.
- The market is expected to grow at a CAGR of 20.4% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Ovens is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 4,520.4 million |
| Market revenue in 2030 | USD 19,895.3 million |
| Growth rate | 20.4% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Ovens |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Samsung Electronics Co Ltd, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Bosch, Breville Group Ltd, Miele, Daewoo International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.8% of the global smart kitchen appliances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,258.7 million by 2030.
The presence of well-established appliance manufacturers in Asia is expected to drive the smart kitchen appliances market in Asia Pacific. In May 2021, Samsung organized ‘Bespoke Home’ to celebrate the global expansion of its customizable refrigerator lineup.
The rapid adoption of smart refrigerators has been driving the growth of smart kitchen appliances in the region. Product manufacturers in the region can be seen expanding their operations and offerings across the globe.
The commercial application of smart kitchen appliances is expected to experience rapid growth over the forecast period. The hotel industry has witnessed significant growth owing to the growth of the travel & tourism sector across Asia Pacific.
Key Regions:U.S., UK, Brazil, India, South Africa
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Haier Smart Home Co Ltd ADR | View profile | 112,458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | smart-home.haier.com/cn |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Breville Group Ltd | View profile | 452 | 170-180 Bourke Road, Ground Floor, Suite 2, Alexandria, Sydney, NSW, Australia, 2015 | www.brevillegroup.com.au |
| Miele | View profile | 10001+ | Gütersloh, Nordrhein-Westfalen, Germany, Europe | www.miele.com |
| Daewoo International | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.daewoo.com |
Asia Pacific Smart Kitchen Appliances Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Kitchen Appliances Market Outlook will help companies and investors design strategic landscapes.
Smart Refrigerators was the largest segment with a revenue share of 32.82% in 2022.
Horizon Databook has segmented the Asia Pacific smart kitchen appliances market based on smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, other appliances covering the revenue growth of each sub-segment from 2017 to 2030.
The presence of well-established appliance manufacturers in Asia is expected to drive the smart kitchen appliances market in Asia Pacific. In May 2021, Samsung organized ‘Bespoke Home’ to celebrate the global expansion of its customizable refrigerator lineup.
The rapid adoption of smart refrigerators has been driving the growth of smart kitchen appliances in the region. Product manufacturers in the region can be seen expanding their operations and offerings across the globe.
The commercial application of smart kitchen appliances is expected to experience rapid growth over the forecast period. The hotel industry has witnessed significant growth owing to the growth of the travel & tourism sector across Asia Pacific.
- Asia Pacific Smart Kitchen Appliances Market Product Outlook (Revenue, USD Million , 2017-2030)
- Smart Refrigerators
- Smart Cookware & Cooktops
- Smart Dishwashers
- Smart Ovens
- Other Appliances
- Asia Pacific Smart Kitchen Appliances Market Application Outlook (Revenue, USD Million , 2017-2030)
- Residential
- commercial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Smart Kitchen Appliances Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Smart Kitchen Appliances Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Smart Kitchen Appliances Market, 2017-2030 (US$M)
Asia Pacific smart kitchen appliances market statistics, by product, 2017-2030 (US$M)
