Smart Sink Market Scope
Kitchen sinks are normally used for the purpose of washing utensils. But the Internet of Things is a growing network of everyday objects, connecting industrial machines to consumer home appliances that can share information and complete tasks, while people are engaged in other routine activities. In the kitchen sink market, as companies have started producing IoT-enabled kitchen sinks, or smart kitchen sinks that offer smartphone connectivity and control through apps, integration of small dishwashers into kitchen sinks that are managed through apps, and voice control faucets integrated into sinks. As an example, the Kohler smart kitchen sink offers voice control, while Xiaomi’s Mensarjor kitchen sink offers smart dishwasher integration with high-frequency vibrations for cleaning vegetables and fruits.
In the market, the key players are looking for product launch and business expansion. Additionally, they are focusing on marketing strategies.
Blanco (Germany), OULIN (China), Kohler Co. (United States), Moen (Canada) and Xiaomi Corporation (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Sink market , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Smart Sink 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).
In Aug 2019, Xiaomi crowdfunds the Mensarjor Sink Washing Machine priced at 1999 yuan., and In 2018, Moen, a leading brand in kitchen and bathroom products, launched a motion sense touchless tap for kitchen sinks, which is operated by the wave of hand or utensils.
Market Trend
- Growing Research and Development in Technologies
Market Drivers
- Increasing Penetration of Internet of Things (IoT) Technology
- Rising Construction Activities and Increasing Demand for Smart Kitchen Appliances
Opportunities
- Increasing Online Smart Kitchen Appliances Purchases
- Adoption of Smart Sink In Residential
Restraints
Challenges
- Lack of Awareness About Smart Sink
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Smart Sink Manufacturer, Technology Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users