Smart Kitchen Appliances Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The North American and European Kitchen Appliances Market is expected to reach $24.3 billion by 2032, at a CAGR of 5.92% from 2024 to 2032. This growth reflects a shift in consumer preferences towards technologically advanced kitchen appliances that enhance convenience, efficiency, and sustainability in the cooking and food preparation processes. Also, with the growing penetration of smart home automation, the demand for smart kitchen appliances that can be connected to smart home automation systems is expected to surge, driving the market. The growth of smart homes and energy efficiency are also expected to drive the market growth. The innovations in smart refrigerators, automatic cooking devices, and smart appliances controlled through mobile applications are gaining popularity among tech-savvy consumers. The leading players in the market, such as Whirlpool, Samsung, and LG, are focusing on developing new products and improving the customer experience. Strategic initiatives, such as the launch of new products and the strategic alliances with technology companies, are expected to boost the growth of these companies.

Regional Market Size

Regional Deep Dive

The North American and European Smart Kitchen Appliances Market is characterized by the growing demand for energy-efficient, connected, and intelligent kitchen appliances. The increasing trend towards smart homes, coupled with the growing demand for convenient and time-saving appliances, is driving the market in these regions. The rising awareness about the importance of sustainable development and energy conservation is influencing consumers’ buying decisions and driving the demand for smart kitchen appliances. The market is also characterized by a strong presence of key players and ongoing technological advancements, which are expected to boost the growth potential of the market in both regions.

Europe

• The consumers of Europe are beginning to care about the environment. In response, companies such as Siemens and Bosch are developing intelligent kitchen appliances that use eco-friendly materials and energy-efficient technology, in line with the European Union’s Green Deal goals.
• The European market is witnessing a surge in IoT-enabled kitchen appliances, with companies like Samsung launching products that can be controlled via mobile apps, reflecting a shift towards greater connectivity and user convenience.

Asia Pacific

• The Asia-Pacific region is experiencing rapid urbanization, leading to increased demand for smart kitchen appliances, particularly in countries like China and India, where consumers are seeking modern solutions to enhance their cooking experiences.
• The integration of artificial intelligence and machine learning into kitchen appliances has begun. The smart refrigerators made by LG and Panasonic can give recipes based on the available ingredients. The tech-savvy consumers are benefited by this.

Latin America

• In Latin America, the market for smart kitchen appliances is still emerging, but increasing internet penetration and smartphone usage are paving the way for greater adoption of connected devices, particularly in urban areas.
• Local manufacturers are beginning to collaborate with international tech firms to develop affordable smart kitchen solutions, addressing the unique economic challenges faced by consumers in the region.

North America

• In the United States, the rise of the "smart home" has led to the emergence of alliances between the great digital companies, such as Google, and the manufacturers of household appliances, such as Whirlpool, which has increased the integration of kitchen appliances with the automation of the house.
• Energy-saving regulations such as the Energy Star program have a strong influence on the product development of manufacturers. They are obliged to make appliances that not only satisfy the demands of consumers but also meet the standards of the environment, and so the development of the products is determined.

Middle East And Africa

• In the Middle East, the growing trend of luxury living is driving demand for high-end smart kitchen appliances, with brands like Miele and Gaggenau entering the market to cater to affluent consumers.
• Government initiatives aimed at promoting smart city developments in countries like the UAE are fostering an environment conducive to the adoption of smart kitchen technologies, as part of broader efforts to enhance urban living.

Did You Know?

“Did you know that nearly 70% of consumers in North America are willing to pay more for smart kitchen appliances that offer energy-saving features?” — Consumer Electronics Association (CEA) 2023 Survey

Segmental Market Size

In North America and Europe the Smart Kitchen Appliances sector is growing rapidly, as the demand for ease of use and efficiency in cooking increases. There are several reasons for this. The smart home is gaining momentum and this has led to a demand for appliances which can be connected to the Internet. Energy efficiency and sustainable development are also becoming more important. As a result of legislation, the demand for energy-saving appliances is increasing. Moreover, consumers want to reduce their carbon footprint, but at the same time they want the latest technology. The current stage of development of smart kitchen appliances is one of commercialization. This is led by companies like Whirlpool and Samsung, with their smart ovens and refrigerators that can be controlled via a mobile phone. The most important applications are in food preparation, food storage and inventory management, with smart refrigerators as an example. Moreover, the COV-virus pandemic has accelerated the trend towards home cooking, and sustainable development and the Internet of Things are influencing the development of the appliances.

Future Outlook

The North American and European smart kitchen appliances market is set to grow at a substantial CAGR of 5.92% between 2023 and 2032. The growth is driven by a growing consumer demand for convenience, energy efficiency and enhanced cooking experience. The penetration of smart kitchen appliances is set to increase with the increasing adoption of smart home technology. It is estimated that by 2032, more than one-third of the households in North America and Europe will have at least one smart kitchen appliance, compared to the expected 15% penetration in 2023. The development of smart kitchen appliances is mainly driven by the integration of artificial intelligence and the Internet of Things (IoT). These smart kitchen appliances can communicate with each other and with users, enabling them to provide a more personalised cooking experience and improved energy management. The favourable government policies promoting energy-efficient appliances and sustainable development will also stimulate the growth of the smart kitchen appliances market. In addition, the rising popularity of meal kit delivery services and smart cooking applications will also influence the consumer preference and demand for smart kitchen appliances. Meanwhile, manufacturers need to focus on improving the user experience and interoperability of smart kitchen appliances in order to win over a growing number of tech-savvy consumers.