Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Smart Kitchen Appliances Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 02/10/2015 -- Smart kitchen appliances refer to those kitchen appliances that can intelligently monitor their operations and are sometimes connected to the internet to ensure remote monitoring of the operation of the appliance. These appliances include smart refrigerators, smart microwave ovens, smart pressure cookers, smart gas stoves and other cooking and storage appliances. Smart kitchen appliances market is at its nascent stage, thus, there are potential opportunities for the kitchen appliances manufacturers and mobile app developers in this market. The mobile app developers can focus on developing apps for smart devices that enables the intelligent appliances to communicate with the smartphones. Moreover, the increasing wireless internet penetrations especially mobile broadband connectivity encourages the customer to adopt smart connected kitchen appliances.
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Smart kitchen appliances market is segmented as residential kitchen appliances and commercial kitchen appliances. The commercial sector is the most attractive segment for smart kitchen appliances manufacturers especially across the hospitality industry. This attractiveness is attributed to the growing demand for streamlining the operations management of kitchens in hotels, restaurants and quick service restaurants. However, demand from the residential sector for smart kitchen appliances is expected to rise over the long term. The residential sector is expected to show high growth rate due to increasing per capita income of the developing countries and changing lifestyle of the citizens of these countries. Other factors that impact the market growth are the awareness, internet connectivity and willingness to adopt these appliances.
Power efficiency of the smart kitchen appliances is the major factor driving the growth of this market. The ability of these smart kitchen appliances to monitor the power utilizations further increases the demand for such appliances. Moreover, linearly growing market for smart home appliances is further boosting the growth of smart kitchen appliances market, as consumers are now looking for integrated solutions. The ability of the smart kitchen appliances to monitor the hygiene of the products placed inside these appliances, further adds to demand for such appliances. However, lack of expertise in the residential sector and dominance of traditional kitchen appliances are the major factors that hinder the market growth. Moreover, the high cost of purchasing smart kitchen appliances is another prime factor that resists the market growth. Conversely, increasing awareness and technological advancements to reduce prices are expected to reduce the impact of these factors over the long run.
The developed countries of Europe and North America are major market segments for the adoption of smart kitchen appliances. However, over a long run it is expected that countries such as India, China, Brazil and other emerging nations will gradually adopt smart kitchen appliances. As a result, many players are quickly expanding their network to these emerging markets, so as to gain on early mover advantage. Companies such as Whirlpool, Samsung, Dacor and LG are continuously developing smart kitchen concepts. In the Consumer Electronic Show (2014) these companies showcased their innovative concepts to be implemented in the coming years. These concepts include Whirlpool's kitchen of future, LG HomeChat, Dacor's Discovery iQ 48" Dual Fuel Range, Samsung Wi-Fi enabled refrigerator, Samsung Smart Home App, GE's Brillion App, Whirlpool's far-out idea and iDevices kitchen Thermometer. Owing to such innovations it is expected that over the coming years these companies will provide end-to-end smart kitchen solutions to enhance the user experience, and thereby encourage higher adoption rate; thus, propelling the market growth.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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