About Smart Wine Cellar
Wine cellar refers to a storage of wine in bottles, barrels in a room. In a wine cellar, there are important factors such as temperature and humidity and climate control systems to keep the wine in as good condition as possible. In contrast to these; the passive wine cellars do not have climate control and are built underground to reduce fluctuation in temperature. They are generally built to protect alcoholic beverages, to provide darkness to them, and give constant temperature. As with time, wine increases their quality; they increase their value if they are stored for long. Smart wine cellars take this concept to next level with automation. These smart wine cellars may include automation technology, motorized shades, lighting, and even audio. Temperature and humidity can be controlled with the help of smart devices in smart wine cellars. Many systems also include inventory monitors to see the access of bottles. With the increasing demand for wine; the demand for a smart wine cellar is also increasing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
With the increasing demand for the consumption of wine the demand for their store that is smart wine cellar increasing. This is very niche market as not many people store their wine in their household. So, smart wine cellar should be marketed as luxury products. Players in this market differentiate in styles, material, and practicality. There are no barriers to entry into this market. New entrants should market their products in the market as luxury and should include expensive materials for a premium feel. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Wine Cellar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Climadiff (France), Dometic Group AB (Sweden), Liebherr-International (Germany), Viking Range, LLC (United States), La Sommeliere (France), LG (South Korea), Haier Inc. (China), Vinotemp (United States), EuroCave (France) and Middleby Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Electrolux (Sweden), EdgeStar (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Smart Wine Cellar market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Smart Wine Cellar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Smart Wine Cellar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Alcohol, the sub-segment i.e. Red Wine will boost the Smart Wine Cellar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Temperature Control will boost the Smart Wine Cellar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Smart Devices and Increasing Demand of Smart Wine Cellar as An Alternative to Conventional Wine Cellar
Market Growth Drivers:
Increasing Demand for Wine Across the Globe and Growing Demand of Smart Wine Cellar to Control the Environment of Storage
Challenges:
Reluctance from Households Due to Space It Takes to Accommodate Wine Cellar
Restraints:
High Cost Associated with Smart Wine Cellar
Opportunities:
Increasing Demand of Smart Wine Cellar from High-Net-Worth Individuals and Growing Demand of Smart Wine Cellar from Countries with High Per Capita Income
Market Leaders and their expansionary development strategies
In May 2021, InVintory launched new luxury tier. Opus, which is centered upon their ability to develop personalized, interactive wine cellar models for customers worldwide.
In April 2021, in a press conference at Palo Alto, Eric Emerson Schmidt and Jeff Bezos jointly announced that they will be launching world's first entirely virtual wine brand. The first release of the brand will also be entirely virtual. At the launch of wine; Jeff Bezos announced wines that are entirely calorie-free, stable, and safe for all to imbibe.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Wine Cellar Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.