AI Enabled Kitchen Appliances Market Expected To Grow At 25.8% CAGR During The Forecast Period 2021-2027, Brandessence Market Research


PUNE, India, March 12, 2021 / PRNewswire / – The global AI-enabled kitchen appliances market is expected to grow at a CAGR of 25.8% during the forecast period. Rising labor force along with technological developments to manufacture more innovative kitchen appliances on a global scale are expected to drive the global AI-enabled kitchen appliances market.

During the Covid-19 pandemic, governments imposed movement restrictions around the world, resulting in reduced home help and increased autonomy, resulting in a significant increase in application for kitchen appliances compatible with AI. The growing population along with an increase in the number of working people will lead to the growth of the market due to busy schedule and increased adoption of advanced technologies.

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AI-enabled kitchen appliances are kitchen appliances that use technology to communicate with the owner or with other devices remotely using a tablet or smartphone. The devices are equipped with advanced technology to understand specific owner or day cycle requirements such as peak charge period, recall, automatic shutdown, etc. The implementation of automation connects devices together where the signal can be understood by another device, reducing human efforts to a great extent. AI-enabled devices have been in demand due to the increasing workforce and busy schedule so that the individual can multitask and finish them quickly. Voice assistant is an emerging technology where people can use smart devices with help from Alexa, Ok Goggle, Siri to start and stop bed equipment.

Appliance decision making is the result of implementing AI with thinking ability to learn from the environment to control the process. The problem with AI-enabled kitchen appliances is the cost to the customer, which reduces the chances of adoption primarily by developed economies and a certain niche market in developing countries. These devices can play an important role in the life of the individual with increased productivity by reducing repetitive work and a more focused working life to achieve life goals.

News: SpaceMax Family Hub smart refrigerator launched in India by Samsung.

At July 13 2020; Samsung has launched its new line of smart series of SpaceMax refrigerators. It comes with the built-in camera for taking a quick peek inside with a multi-finger swipe down screen on Galaxy phones and people with another phone can use the Family Hub app. to see inside from a distance. It helps with shopping list creation, expiration date tagging and reminder for storage, meal planner which analyzes stock and suggests relevant food recipe. It comes with a 21.5 inch FHD touchscreen with 25 watt speakers for audio and videos for cooking or singing.

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Top Companies Working in the AI ​​Compatible Kitchen Appliances Market: LG Electronics, Robert bosch, Koninklijke Philips NV, Kenmore, Samsung, GE Appliances, Whirlpool, Panasonic, Electrolux, June oven, Smarter and others.

Global AI Compatible Kitchen Appliance Market Segmentation:

The global AI Enabled Kitchen Appliances market report is segmented on the basis of product, technology, distribution, end-user, region, and country. On the basis of product, the global AI-enabled kitchen appliances market is categorized into refrigerator, ovens, hobs and stoves, dishwashers, and others. Based on technology, the market is divided into Wi-Fi, NFC, and Bluetooth. On the basis of distribution, the global AI-enabled kitchen appliances market is divided into specialty stores, hypermarkets and supermarkets, and online channels. Based on the end user, the market is divided into residential and commercial.

By product:

  • Fridge
  • Ovens, hobs and stoves
  • Dishwasher
  • Others

By technology:

  • Wi-Fi (Wireless Fidelity)
  • NFC (near field communication)
  • Bluetooth

By diffusion:

  • Specialty stores
  • Hypermarkets & Supermarkets
  • Online Channels

By the end user:

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Increasing labor force and increasing technological advancements to manufacture more innovative kitchen appliances are some of the major factors driving the market growth.

The major factor driving the growth of the global AI-enabled kitchen appliances market is the growing labor force around the world. The increasing labor force with a higher rate in developing economies is expected to increase the demand for AI-enabled kitchen appliances. According to the World Bank; the 2019-20 labor force growth was 32 million with Asia Pacific more than 12 million. In addition, the increasing technological developments in the field of kitchen appliances will help individuals reduce repetitions with quick and easy service will result in increased demand. In addition, the increasing adoption of technologies such as smartphones and others will provide better efficiency, lower running costs and promote market growth.

However, the high cost of AI-enabled kitchen appliances may hamper the growth of the market. The latest technology comes with a high cost, which limits it to a niche market. Despite this, the increasing use of AI-enabled kitchen devices in the commercial sector such as restaurants where customer service needs to be fast and easy for restaurants to afford can create more opportunities for future market growth.

North America expected to dominate the global AI-enabled kitchen appliance market

On the basis of region, the global market for AI-enabled kitchen appliances is divided into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global AI-enabled kitchen appliances market during the forecast period owing to early adoption of new technologies, high disposable income and lifestyle, and awareness raising increased to these products in this region. The region has the largest part of the workforce in the world resulting in increased disposable income and growing independent lifestyle leading to the growth of the market in this region. According to the World Bank; per capita income for this region is $ 51,896 for 2018. In addition, the presence of global players such as GE, Whirlpool, etc. in this region also complements market growth.

Asia Pacific is the fastest growing region and is expected to witness significant growth in the global AI-enabled kitchen appliances market due to its developing economies such as China, India, etc. Developing economies will result in developed infrastructure; The increase in the labor force and increase in disposable income will complement the market growth in this region.

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