Home Household appliances The growing popularity of the smart home with integrated IoT devices presents opportunities

The growing popularity of the smart home with integrated IoT devices presents opportunities

0

DUBLIN , August 2, 2022 /PRNewswire/ — The “Asia-Pacific Household Cooking Appliances Market Size, Share and Trend Analysis Report by Product, by Type of Cooktops and Ranges, by Type of Ovens, by Structure, by Distribution Channel, by Country and Growth Forecast, 2021- 2027 Report” has been added to from ResearchAndMarkets.com offer.

The Asia-Pacific household cooking appliances market is expected to witness a market growth of 7.1% CAGR during the forecast period.

The growing desire to eliminate human interaction and automate cooking has led to a host of new improvements in kitchen gadgets. As a result, in their attempts to persuade home consumers to replace their traditional cooking appliances with modern cooking appliances, manufacturers often retain the original mechanisms and merge the latest technology into the modern appliance. The desire for this kitchen equipment is also increasing, as many people have taken up cooking as a hobby and thus buy the most modern appliances.

The growing popularity of the smart home idea bodes well for the growth of the market in the coming years. Cutting-edge technologies have resulted in the introduction of innovative home cooking products that include touchscreens and built-in cameras, as well as voice assistants and connectivity. Internet of Things (IoT)-enabled smart kitchen appliances can be monitored and controlled remotely over the Internet using smartphones.

Due to the large middle class population in the region, it is expected to contribute to the demand and growth of the household cooking appliance market. In addition, the high demand for innovative refrigerators in countries like India and Japan propels the market forward in the region.

The manufacturing sector in developing countries like Japan and China is very strong and companies operating in this regional market are increasingly investing in the innovation of different household cooking appliances. In addition, growing consumer preferences in countries like India, Thailandand China towards the use of higher wattage rated electronic gadgets for the purpose of reducing electricity costs are driving the demand for durable kitchen gadgets in the region.

The China The market topped the Asia-Pacific household cooking appliances market by country in 2020 and is expected to continue to be a dominant market till 2027; reaching a market value of $44,032.4 million by 2027. The Japan The market is expected to grow at a CAGR of 6.4% during (2021 – 2027). Moreover, the India The market is expected to grow at a CAGR of 7.7% during (2021 – 2027).

Scope of the study
Market Segments Covered in the Report:
By product

  • Hobs and cookers
  • gas-based
  • Based on electricity
  • Induction-based
  • Ovens
  • Conventional & Convection
  • Microwave
  • Combination
  • Specialized devices

By facilities

By distribution channel

  • mortar brick
  • E-commerce

By country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitive Analysis – Global

Chapter 4. Asia-Pacific Household Cooking Appliances Market by Product

Chapter 5. Asia-Pacific Household Cooking Appliances Market by Structure

Chapter 6. Asia-Pacific Household Cooking Appliances Market by Distribution Channel

Chapter 7. Asia-Pacific Household Cooking Appliances Market by Country

Chapter 8. Business Profiles

Companies cited

  • Koninklijke Philips NV
  • Whirlpool Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • LG Electronics, Inc. (LG Corporation)
  • Panasonic Company
  • Robert Bosch GmbH
  • Haier Smart Home Co., Ltd. (Haier Group Corporation)
  • SMEG SpA
  • Electrolux AB
  • WINIA Electronics Co.,Ltd.

For more information on this report visit https://www.researchandmarkets.com/r/o436gz

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets