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Global Smart Kitchen Market 2016-2020

About Smart Kitchen

The Internet of Things (IoT) is a network of physical or tangible objects or devices interconnected through multiple network technologies. These objects or devices can communicate with each other and with the external environment through the Internet.

Smart kitchens are an integral part of smart homes. Smart kitchens provide a smart environment, which makes it easy for the user to perform meal-preparation activities. It integrates a wide variety of technologies, including appliances (e.g., smart refrigerators, dishwashers, cookware and cooktops, microwave ovens), sensors, and a user interface. A smart kitchen has the following features:

  • Allows user to control kitchen appliances remotely
  • Helps in providing useful information and warnings related to kitchen appliances
  • Helps detect emergency situations and takes appropriate action when needed
  • Enables the collection of data on the use of these appliances and provides relevant information when needed
Technavio’s analysts forecast the global smart kitchen market to grow at a CAGR of 63.53% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart kitchen market for 2016-2020. The market size is calculated on the basis of smart kitchen appliances, such as smart refrigerators, dishwasher, microwave ovens, and cookware and cooktops. New emerging appliances such as 3D printers for food and smart coffeemakers and beer brewers have also been considered for market size calculation.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Kitchen Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Dacor
  • Electrolux
  • GE Consumer & Industrial
  • Haier
  • LG Electronics
  • SectorQube
  • Onida
  • Samsung Electronics
  • Whirlpool
Market driver
  • Multiple benefits of Internet of Things (IoT)
  • For a full, detailed list, view our report
Market challenge
  • High initial cost of smart kitchen appliances
  • For a full, detailed list, view our report
Market trend
  • Rise in number of smart homes
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Kitchen Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Smart Kitchen Market: Dacor, Electrolux, GE Consumer & Industrial, Haier, LG Electronics, SectorQube, Onida, Samsung Electronics and Whirlpool.

Commenting on the report, an analyst from Technavio’s team said: “In a smart home, appliances such as kitchen equipment, heating modules, lighting systems, AC units, computers, TV sets, entertainment systems, security devices, and camera systems are connected using electronic communication units such as smartphones and tablets. Home appliances are also making use of artificial intelligence to accurately predict consumer preferences based on past data. A smart home uses advanced sensors, offering the user complete operational control over the appliances.”

According to the report, Compared to traditional appliances, smart kitchen appliances consume less energy, as these are capable of providing continuous feedback to the user on energy consumption. Energy saving will be a major factor that will drive growth in this market. It will also lead to governments encouraging adoption of smart kitchen appliances among individual consumers.

Further, the report states that the initial cost of smart kitchen appliances exceeds the price of conventional appliances. Consumers are skeptical about investing in smart kitchen appliances owing to lack of awareness regarding their benefits.

Companies Mentioned

Dacor, Electrolux, GE Consumer & Industrial, Haier, LG Electronics, SectorQube, Onida, Samsung Electronics, Whirlpool.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Smart kitchen system
  • Market landscape
    • Market overview
      • Table Global smart kitchen market: Segmentation
    • Market size and forecast
      • Table Global smart kitchen market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global smart kitchen market segmentation by product 2015
    • Smart refrigerators
    • Smart cookware and cooktops
    • Smart dishwashers
    • Others
  • Geographical segmentation
    • Table Geographical segmentation of global smart kitchen market 2015-2020
    • Table Geographical segmentation of the global smart kitchen market by revenue 2015-2020 ($ billions)
    • The smart kitchen market in the Americas
    • The smart kitchen market in EMEA
    • Smart kitchen market in APAC
  • Market drivers
    • Multiple benefits of IoT
    • Government funding for IoT start-ups
    • Energy efficiency of smart kitchen appliances
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High initial cost of smart kitchen appliances
    • Need for strong Internet connectivity
    • Privacy concerns over data security
    • Change in buyer perception
    • Less awareness about smart kitchen appliances
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rise in number of smart homes
      • Table Global smart home market 2015-2020 ($ billions)
    • Emergence of innovative products
    • Increase in diversity in IoT standards
  • Vendor landscape
    • Competitive scenario
    • Vendor landscape
  • Appendix
    • List of abbreviations
  • Explore Technavio

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