What is Smart Kettle Market?
A smart kettle is a kitchen gadget that the next generation is clamoring for. This is due to its advanced features, such as the ability to connect to Wi-Fi and other technologies, as well as the ability to relay data and commands for service. The market potential is being boosted by an increase in demand for household appliances, especially those that are easy to use. The adoption of smart kettles is being driven by an increase in the internet of things (IoT) penetration and government initiatives for energy-efficient smart devices. The smart kettle also has a variety of communication options and can be controlled via a smartphone, which is one of the factors driving the smart kettle market forward.
The market study is being classified by Type (Stainless Steel, Plastic, Glass and Others), by Application (Temperature Controlling & Monitoring, Automatic Device Turn Off, Energy Efficiency and Others) and major geographies with country level break-up.
Apple (United States), Breville (United States), Sage Appliances (United Kingdom), Brewista, Inc. (United States), Smarter Applications Ltd (United Kingdom), AEG (Germany) and Auroma Brewing Company (United States) are some of the key players profiled in the study.
The global smart kettle market is highly competitive and the entry barriers of newcomers the high entry due to the presence of large and internationally spread players with high investing capacity. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smart Kettle market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Kettle market by Type, Application and Region.
On the basis of geography, the market of Smart Kettle 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Penetration of Internet of Things (IoT) and Artificial Intelligence (AI)
- Rising Demand for Household Appliances
Market Trend
- Trend for Machine to Machine (M2M) Communication
Restraints
- High Cost of Smart Kitchen Appliances
Opportunities
- Changing Lifestyles And Preferences Of Consumer
- Increasing Online Smart Kitchen Appliances Purchases
Challenges
- Lack of Awareness About Smart Kitchen Appliances
Market Leaders and some development strategies
In February 2019, LG Electronics USA expanded its smart kitchen appliance partnerships with Tovala to expand its smart kitchen product reach. This partnership aimed to provide Tovala IQ technology compatibility through LG smart cooking appliances.
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.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Smart Kettle Manufacturer, Technology Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users