Global Smart Kettle Market
Global Smart Kettle Market was valued around at US $230 Million in the year 2019, and is projected to reach $XX Billion by the year 2026, growing at a CAGR of 20% during the forecast period.
The report covers the detailed analysis of the Global Smart Kettle industry with the classifications of the market on the basis of Technology, Power Rating, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global Smart Kettle Market Introduction
Smart kettle is one of the popular and smart kitchen appliances that make it application more convenient than the earlier products. The smart kettle offers benefits such as ease in operating and less time consumption and has inbuilt technology that enables it to be operated with a smart phone and select temperature.
A smart kettle connects to an app on your phone, which allows the kettle to control the temperature the water is boiled at. Using Blink Technology, the kettle is able to be turned on remotely to begin the boiling process. Smart kettles add a layer of convenience to the boiling process that hasn't existed prior to smart technology.
Top Global Smart Kettle Manufacturers
The report has profiled fifteen major companies in the market from different regions, across the Globe. Further, the report has considered all the followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Asia Pacific.
Top Key Players in the Global Market for Smart Kettle
• Breville Group Ltd.
• Smarter Application Ltd.
• AEG
• Fellow Industries Inc.
• Xiaomi
• Brewista Inc.
• Sage Appliances
• AppKettle
• Auroma Brewing Company
• Epica
• Yunt
• Smart Chef
• Elechomes
• Tefal
• Orville
Global Smart Kettle Market Dynamics
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. These are some of the prominent factors expected to drive the growth of this market over the forecast period. Rising demand for smart homes with the importance of remote control using smart technology is boosting the demand for smart kettles.
Small kitchen appliances industry is expected to grow at a significant rate owing to features like connected security and intelligent sensors, with an emphasis on time-saving and convenience. Shifting trend of consumers toward technology-led products is driving the need for electric and energy-efficient kettles in the kitchen appliances market. In China, smart kitchen appliance industry is growing rapidly owing to greater penetration of technologically equipped advanced smartphone products. Increasing importance of connected kettles has a new significance in the emerging world of IoT and AI-enabled devices, which is leading to a fast-paced growth for smart kettles. It is designed and supported with technologies like Wi-Fi, Bluetooth, and voice assistance.
The digital assistance applications such as voice control are gaining popularity since the launch of Amazon Echo and Google Home, which have the ability to control your home through smart connection. These kettles are very different from traditional electric kettles in which high power is consumed with no precise temperature control. Smart kettle works on wireless operations with remote access from mobile or tablet that monitors temperature of the device. Kettle manufacturing companies are spending huge amount of money into developing new technology. These kind of devices tend to make everyday life easier and convenient, thereby have greater penetration in the market.
The voice-assisted devices let users control the kettle with smart applications from anywhere in the house. For instance, Smarter Applications Ltd. provides iKettle that integrates smart app with Amazon Alexa and Google Home by the use of the IFTTT services. In addition, growing emphasis on energy efficiency measures has influenced small kitchen appliance manufacturers to launch eco-friendly kettles for energy efficiency.
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Scope of the Global Smart Kettle Market: Inquire before buying
The Global market for Smart Kettle is studied under two major segments and further into sub-segments to forecast the market size by value.
Global Smart Kettle Market, by Technology
• Bluetooth
• Wi – Fi
• Voice Enabled
The Wi – Fi Segment is expected to account for a larger market share, as compared to the other two technologies over the forecast period.
By technology, the smart kettle market is segmented into Wi-Fi, Bluetooth, voice-enabled, and others. The Wi-Fi segment accounted for the largest market share of 34.9% in the year 2019. Voice-enabled being one of the major technologies in this segment is also driving the trend of this market. Greater energy efficiency potential shown by smart kettles is becoming popular among consumers, which is anticipated to boost the market in the forecast period.
Innovation in smart technologies and introduction of IoT for smart kettles with Wi-Fi, voice-enabled, and Bluetooth services are gaining popularity among consumers, thus driving the demand for the segment. This type of kettle can be easily integrated with operating systems like Android and iOS using mobile app, which is convenient and helps save time. Wi-Fi is the fastest growing segment in the market and is expected to witness a significant CAGR of 20.1% during the forecast period. Increasing penetration of smart kettles with IoT enabled devices and voice-assisted operations like on/off and setting alarms are among the prominent factors leading to rapid segment growth.
Global Smart Kettle Market, by Power Rating
• Up To 1200 W
• 1200 – 1800 W
• 1800 – 3000 W
The 1200 – 1800 W range of power accounted for a largest market share in 2019, in the market for Smart Kettles.
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Regional Analysis of Global Smart Kettle Market
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Asia Pacific is expected to account for the largest market share in the Global Smart Kettle Market during the forecast period.
Asia Pacific was estimated to be the largest market in 2019 owning to growing trend of smart technology-driven small kitchen appliances. In 2019, China was the largest market and held more than one-third of the market share in Asia Pacific. Changing lifestyle along with increasing income is boosting the growth of this market. In addition, the evolution in smartphone technology in the region is continued to improve with stiff competition from Chinese firms. For instance, Xiaomi has introduced Mi Smart Kettle based on Bluetooth technology with intelligent temperature control that can be monitored on Mi home app on mobile from anywhere in the house.
Asia Pacific is expected to be the fastest growing region, witnessing a significant growth rate of 20.1% over the forecast period. Growing popularity of smart connected homes in small kitchen appliances particularly in china is the major factor for the market growth in the region.
The objective of the report is to present a comprehensive analysis of the Global Smart Kettle Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Smart Kettle Market dynamics, structure by analyzing the market segments and projects the Global Smart Kettle Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Kettle Market make the report investor’s guide.
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