The global smart kitchen appliances market size was estimated at USD 18.75 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2030. The market growth is driven by various factors such as the increasing number of single-person households, rising disposable income, increasing number of smart homes, increasing online purchases of small household appliances, and increasing penetration of Internet of Things (IoT) technology in house appliances.
The launch of cutting-edge household appliances and the rising adoption of artificial intelligence (AI) and the IoT are driving market growth. For instance, Spring USA introduced its new LoPRO induction range series in October 2020. This series assures correct temperature for optimal performance and energy efficiency with over/under voltage protection.
The COVID-19 pandemic had a significant impact on consumer behavior as well as purchasing trends in the market. A survey published by Xiaomi suggests that more than half (51%) of consumers reported buying at least one smart appliance between March 2020 and January 2021. The worldwide lockdown that made millions of people stay at home changed how people interact and live in their houses, causing them to rearrange their physical areas to accommodate the new functional requirements.
There is rising consumer demand for eco-friendly smart kitchen appliances and appliances that combine style and function. There is also a growing demand for smart kitchen appliances with a range of features and functions. With e-commerce platforms improving consumer access to foreign brands, the adoption of smart kitchen appliances has further increased. Moreover, new players entering the market are offering competitively priced products that become either affordable alternatives or viable options for consumers buying smart kitchen appliances for the first time.
From large to small appliances, smart gadgets are enabling device-to-device and cloud-to-cloud connectivity, providing a simpler and more seamless user experience by integrating all products from various manufacturers and unlocking certain functionalities. For instance, the base model of a modern smart fridge incorporates smartphone connectivity for remote temperature management and notifications in case of unexpected temperature fluctuations. Modern smart refrigerators offer a feature that takes a photo every time the door is opened and closed. These images are then uploaded on an accompanying app. This function helps reduce waste and prevent repeated grocery purchases.
Furthermore, convenience will be a significant feature of a smart fridge as it offers straightforward connected buying and storing processes. It is linked to various platforms along the value chain for food preparation, including online supermarkets, delivery services, and recipe websites. The time customers would have otherwise spent shopping for food or looking up recipes online is recovered.
Smart kitchen appliances can also act as personal nutritionists, assisting customers in achieving their complex health goals in the most effective manner possible. Fully personalized nutrition plans certified by qualified doctors are now available through smartphone apps that are connected to smart refrigerators. These technologies can even recognize foods, scan food goods for nutritional information, explore restaurant menus, and measure macronutrient and micronutrient intake throughout the day, enabling a smart refrigerator to ensure daily nutrient intake.
The market is subjected to high scrutiny. The safety standard for home appliances (including smart home devices) is IEC 60335-1. New standards such as IEC 62368-1 focus on hazard-based safety engineering (HBSE). Other standards encompass data protection and privacy. Moreover, different other regulations have been passed to ensure energy regulation and carbon emission reduction.
Innovation is a leading propellor of this industry, with market players launching technologically advanced products with leading features. In August 2022, Samsung launched its smart fridge with Bixby in India. The appliance features a built-in view camera that allows users to label their food products digitally with expiration dates. The appliance also enables customers to look inside the fridge remotely.
The market exhibits a moderate level of M&A activities, characterized by big players acquiring emerging regional companies. For instance, for USD 7.1 billion, Panasonic Corporation purchased Blue Yonder, the top provider of end-to-end digital fulfillment platforms, in April 2021. The goal of this transaction was to assist Panasonic in growing in the U.S.
In the market, product substitutes abound with traditional kitchen tools and appliances. While smart devices like smart refrigerators and ovens offer advanced features, conventional counterparts such as standard refrigerators and ovens remain readily available, providing consumers with options based on their preferences and budget constraints.
The market exhibits varied end-user concentration, with a growing appeal among tech-savvy homeowners and a simultaneous rise in adoption by commercial establishments such as restaurants and hotels. This diversified end-user base reflects the widespread integration of intelligent kitchen solutions across both residential and commercial culinary environments.
The residential segment dominated the market in 2023 with a revenue share of around 58.9%. Technology is significantly changing the way consumers work in home kitchens. Manufacturers are offering kitchen appliances integrated with the IoT, enabling people to perform more tasks and utilize their time more efficiently. As smart devices gradually replace traditional appliances in home kitchens, the millennial and younger population is also taking an interest in cooking.
The commercial segment is estimated to register a significant CAGR from 2024 to 2030. Increased consumer spending on eating out has greatly driven the growth of restaurants and other eateries. This has encouraged restaurant owners to invest in advanced and efficient kitchen appliances that can produce good quality and tasty food much faster, thereby boosting the uptake of smart kitchen appliances in the commercial sector. Appliances like grillers, fryers, ovens, and cooktops are being used more frequently as they improve preparation consistency, diminish human dependence, and reduce human error. As a result, food businesses worldwide are spending more on kitchen products and appliances.
North America dominated the market in 2023 with a share of 32.6%. The popularity of smart home devices is continuously rising in the U.S. A blog by RubyHome published in August 2023 suggests that about 63.43 million homes use smart devices actively in the U.S. With the booming real estate industry of the region, majority of home buyers seek a smart home and are willing to pay more for it. With rising demand for smart homes, the popularity of smart kitchen appliances is set to surge.
Middle East & Africa is expected to witness significant growth in the market from 2024 to 2030. As a highly developed region in the Middle East & Africa, GCC offers numerous opportunities for high-end kitchen appliance manufacturers owing to high household spending and rising commercial activities. This has driven the demand for smart kitchen appliances. The region witnesses a significant tourist inflow, especially in Egypt, Dubai, Doha, Tel Aviv, Qatar, Istanbul, Kenya, and Abu Dhabi. The continuous expansion of the tourism sector has resulted in the construction of several hotels, public entertainment areas, and restaurants. This, in turn, translates to an increasing number of kitchens and the need for kitchen appliances.
Smart refrigerators held the maximum share of about 33.5% of the market in 2023. Smart refrigerators are becoming more common as smart cities and smart infrastructure become more widely adopted. The IoT market has grown noticeably over the years, with smart home appliances and devices such as Google Nest, Ring, and Alexa making homes more intelligent. Hence, various companies are improving existing offerings or introducing new ones to meet the growing needs of tech-savvy customers.
Smart cookware & cooktops are projected to register the fastest CAGR from 2024 to 2030. The increased demand for modular kitchens and improving living standards has led to a rise in the popularity of smart cooktops and cookware in the residential and commercial sectors. To reduce electricity costs, consumers are choosing energy-efficient kitchen appliances. Rising prices of conventional cooking fuel, safety features, capabilities of cooking at lower temperatures, sensors, and Bluetooth connectivity are major attributes that will propel this segment over the forecast period.
Some of the key players operating in the market include Samsung Electronics Co., Ltd.; LG Electronics; Whirlpool Corporation; and Electrolux AB.
Samsung Electronics Co., Ltd., is a major consumer electronics and appliance player. The company operates through four major business segments: consumer electronics, IT & mobile communications, device solutions, and R&D center.Smart kitchen appliances are included in the home appliances category. The smart kitchen appliances segment includes refrigerators, wall microwaves, microwaves, cooktops, and dishwashers.
LG Electronics is a multinational electronics company. The smart kitchen appliances category is a part of the home appliances segment that includes washing machines, refrigerators, dishwashers, vacuum cleaners, cooking appliances, built-in appliances, air purifiers, air conditioners, and dehumidifiers. The smart kitchen appliances category includes refrigerators, dishwashers, microwave convections, and ovens.
Miele & Cie. KG and Breville are some of the emerging market participants in the smart kitchen appliances industry.
Miele & Cie. KG is a high-end domestic appliances and commercial equipment manufacturer based in Germany. Its Miele application allows smart home integration with different devices such as cooktops, ovens, and more.
Breville is a manufacturer of cooking and kitchen appliances such as cookers, ovens, coffee machines, and others. Its lineup of smart kitchen appliances includes oven, toaster, waffle maker, and others.
In May 2023, LG Electronics launched InstaView fridge in Australia. Its MoodUP enables different colors on the fridge doors through LED panels allowing consumers to choose from an array of 190,000 colorways. The fridge has built-in Bluetooth speakers along with InstaView Door-in-Door that enables users to look inside the refrigerator without opening its door.
In January 2023, Samsung Electronics Co. highlighted its innovations for sustainable, smart, and personalized living at the Kitchen & Bath Industry Show 2023 in the U.S. With its growing portfolio of smart appliances, the company wants to keep advancing technologies that will make energy conservation a natural part of daily life, improve SmartThings' connected services in new ways, and enable more individualized experiences.
In November 2022, Whirlpool Corporation announced its support for Matter, a new smart home language led by the Connectivity Standards Alliance. Products built on this system allow seamless connectivity along with robust security features, control, and convenience.
Report Attribute |
Details |
Market size value in 2024 |
USD 22.36 billion |
Revenue forecast in 2030 |
USD 60.20 billion |
Growth rate |
CAGR of 17.9% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S. Canada; Mexico; Germany; UK; Italy; Spain; France; China; India; Japan; Australia; South Korea; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa |
Key companies profiled |
Whirlpool Corporation; LG Electronics; Electrolux AB; Samsung Electronics Co., Ltd.; Haier Group; Panasonic Corporation; BSH Hausgerate GmbH; Breville; Miele & Cie. KG; Dongbu Daewoo Electronics |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart kitchen appliances market based on product, application, and region.
Product Outlook (Revenue, USD Million, 2018 - 2030)
Smart Refrigerators
Smart Cookware & Cooktops
Smart Dishwashers
Smart Ovens
Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
Residential
Commercial
Regional Outlook (Revenue, USD Million, 2018 - 2030)
NorthAmerica
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
South Africa
b. The global smart kitchen appliances market was estimated at USD 18.75 billion in 2023 and is expected to reach USD 22.36 billion in 2024.
b. The global smart kitchen appliances market is expected to grow at a compound annual growth rate of 17.9% from 2024 to 2030 to reach USD 60.20 billion by 2030.
b. orth America dominated the smart kitchen appliances market with a share of around 32% in 2023. This is owing to the growing adoption of smart home devices, increasing internet penetration, the incredible surge in startups in the sector, and innovations in the industry.
b. Some key players operating in the smart kitchen appliances market include Whirlpool Corporation; LG Electronics; Electrolux AB; Samsung Electronics Co., Ltd.; Haier Group; Panasonic Corporation; BSH Hausgerate GmbH; Breville; Miele & Cie. KG; and Dongbu Daewoo Electronics
b. Key factors that are driving the smart kitchen appliances market growth include the rise in demand for advanced and intelligent cooking appliances over the globe.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."