North America Smart Kitchen Appliances Market Size & Outlook
- Consumer Goods
- Consumer Electronics & Appliances
- Smart Kitchen Appliances Market Outlook
- Consumer Electronics & Appliances
North America Smart Kitchen Appliances Market, 2017-2030 (US$M)
Global Market
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North America smart kitchen appliances market highlights
- The North America smart kitchen appliances market generated a revenue of USD 5,158.0 million in 2022.
- The market is expected to grow at a CAGR of 18.4% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Cookware & Cooktops is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 5,158.0 million |
| Market revenue in 2030 | USD 19,862.5 million |
| Growth rate | 18.4% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| 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, North America region accounted for 32.9% 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.
Consumers choose smart kitchen appliances, besides all other benefits, because of their operation through smartphones. This feature helps the user estimate its lifespan or be specific about the operation time before the appliance requires servicing or replacement.
Smart appliances are internet-connected and can be controlled, typically via an app. They can monitor energy use, automate processes, and occasionally even communicate with other smart appliances. Smart kitchen appliances are often more expensive than standard ovens or sinks. However, the markup is reasonable as one invests in the software and technology built into these appliances.
With the increased demand for such connected devices, appliance manufacturers are developing devices and applications that allow users to do activities in a single step. This assists companies in giving a competitive advantage for their products by minimizing the need for consumers to seek out additional operative devices.
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 |
North America 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 33.83% in 2022.
Horizon Databook has segmented the North America 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.
Consumers choose smart kitchen appliances, besides all other benefits, because of their operation through smartphones. This feature helps the user estimate its lifespan or be specific about the operation time before the appliance requires servicing or replacement.
Smart appliances are internet-connected and can be controlled, typically via an app. They can monitor energy use, automate processes, and occasionally even communicate with other smart appliances. Smart kitchen appliances are often more expensive than standard ovens or sinks. However, the markup is reasonable as one invests in the software and technology built into these appliances.
With the increased demand for such connected devices, appliance manufacturers are developing devices and applications that allow users to do activities in a single step. This assists companies in giving a competitive advantage for their products by minimizing the need for consumers to seek out additional operative devices.
- North America Smart Kitchen Appliances Market Product Outlook (Revenue, USD Million , 2017-2030)
- Smart Refrigerators
- Smart Cookware & Cooktops
- Smart Dishwashers
- Smart Ovens
- Other Appliances
- North America 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 North America Smart Kitchen Appliances Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Smart Kitchen Appliances Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
North America Smart Kitchen Appliances Market, 2017-2030 (US$M)
North America smart kitchen appliances market statistics, by product, 2017-2030 (US$M)
