Smart Kettle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032, Segmented By Type (Stainless Steel, Glass, Others (Plastic etc.)), By Technology (Temperature Control, Phone Connectivity, Others (Combined Features, etc.). By Power Rating (Upto 1200W, 1200-1800W, More than 1800W), By End User (Residential, Commercial), By Region, Competition Forecast and Opportunitie
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSmart Kettle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032, Segmented By Type (Stainless Steel, Glass, Others (Plastic etc.)), By Technology (Temperature Control, Phone Connectivity, Others (Combined Features, etc.). By Power Rating (Upto 1200W, 1200-1800W, More than 1800W), By End User (Residential, Commercial), By Region, Competition Forecast and Opportunitie
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD1283.76 Million |
| CAGR (2023-2028) | 4.92% |
| Fastest Growing Segment | Phone Connectivity |
| Largest Market | North America |
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Report Overview
The global smart kettle market size was valued at USD 237.3 million in 2019 and is anticipated to expand at a CAGR of 19.2% over the forecast period. Rising consumer disposable income, growing awareness of connected homes, and increasing technological trends such as Internet of Things (IoT) and Artificial Intelligence (AI) enabled devices are spurring the growth of smart kettles in residential as well as commercial sectors. These are some of the prominent factors expected to drive the growth of this market over the forecast period.
Rising demand for smart homes with the importance of remote control using smart technology is boosting the demand for smart kettles. The rapid proliferation of online e-commerce channels in developed markets of North America, Europe, Australia, and other emerging countries of Asia Pacific is expected to spur market growth in the forecast period.
The Global Smart Kettle Market is anticipated to project robust growth in the forecast period due to the increasing purchasing power, growing demand from working population, and rising usage of technologically advanced household products.
The kettles are used while preparing tea and coffee in a daily schedule. With the enhancement in kettle with the usage of technology, these “smart kettles” offers benefits like Wi-Fi connectivity, Bluetooth, voice control, and with the support of these features customers can integrate with Alexa Echo or Google home for operating the kettle. Therefore, with the ease of functioning and feasibility of operating, the demand for smart kettles is projected to grow in the forecasted years.
The adoption of smart appliances is being promoted by the growing internet and smartphone usage around the world. The number of people using smart phones and mobile internet is rising across the globe. According to study, In 2021, More than 5.22 billion people use smartphones worldwide, which is 66% of the world's population. The usage of smart phones by adults in the United States has reached 250.7 million in 2022. Thus, with the increasing smart phone penetration, there is increase in demand smart home appliances that can connect to phones. Customers with a smartphone and an active internet connection can control their kettle from a distance. Customers can thus modify its settings and keep an eye on the device even while they're not in the kitchen or even at home. For instance, iKettle has several useful features including "Wake Up" and "Home" settings. The smart kettle can be programmed to heat water in accordance with the customers' daily schedules, synchronizing with their morning alarm or timing of arrival at their homes. Thus, increasing smart phone penetration had a positive impact on the smart kettle market.
When it comes to purchasing household appliances nowadays, innovation is constantly shifting needs and demands of the consumers. Consumers are mostly searching for products that can connect to phones and are energy efficient. Companies are launching new products with advance features to capture the market. Even the most conventional home items are becoming technologically advanced as IoT technology develops. For instance, WeeKett, a smart programmed kettle was launched by an Edinburgh-based startup in 2022. It is Wi-Fi-connected smart kettle that enables users to start the water boiling and regulate the temperature using a smartphone app or "smart speakers".
Smart kettles are considered expensive because of their technologically advanced features and aesthetic designs. Furthermore, the high manufacturing costs of these smart kettles further increases the prices of these products. This act as a barrier to the market growth. Additionally, it is anticipated that the lack of knowledge and awareness for the smart kettles benefits in nations like India, Indonesia, Malaysia, Saudi Arabia, Brazil, Colombia, Argentina, Vietnam, Sri Lanka etc., will restrain market expansion throughout the course of the projected period.
The Global Smart Kettle Market is segmented based on type, technology, power rating, and end user. Based on type the market is bifurcated into stainless steel, glass, and others (plastic, etc.). Based on technology, the market is segmented into temperature control, phone connectivity, and others like combined features, etc. Based on power rating, the market is divided into upto 1200w, 1200-1800w, and more than 1800w. Based on end user the market is divided into residential and commercial. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Breville Pty Ltd, Smarter Applications Limited, Electrolux Group, Fellow Industries, Inc., Xiaomi Corporation, Smartco Group Inc (Brewista), BRG Appliances Limited (Sage), Midea Group Co. Ltd., Shenzhen Korex Technology Co., Ltd, and Arovast Corporation (Cosori) are among the major market players in the global platform that lead the market growth of the Global Smart Kettle Market.
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Billion, Volume in Million Units and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Type Technology Power End User Region |
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Regional Scope |
North America, Europe, Asia-Pacific, Middle East & Africa and South America |
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Country Scope |
United States, Canada, Mexico, Germany, France, United Kingdom; Italy, Spain, China, India, Japan, South Korea, Indonesia, Saudi Arabia, UAE, South Africa, Turkey; Brazil; Argentina, Colombia |
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Key Companies Profiled |
Breville Pty Ltd, Smarter Applications Limited, Electrolux Group, Fellow Industries, Inc., Xiaomi Corporation, Smartco Group Inc (Brewista), BRG Appliances Limited (Sage), Midea Group Co. Ltd., Shenzhen Korex Technology Co., Ltd and Arovast Corporation (Cosori) |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Smart Kettle Market Share Insights
Breville Group Limited; Smarter Applications Ltd.; AEG; Fellow Industries, Inc.; Xiaomi; Brewista, Inc.; Sage Appliances; and AppKettle are some of the major players in the market. The market poses a moderate to high entry barrier due to the presence of big players and huge investment amounts. These market players are indulged in innovations and smart technology and are investing a huge amount in research and development in order to provide the best products to the consumers and gain an edge over their competitors.
For instance, Breville Group Limited acquired U.S.-based food and technology firm Chefsteps to enhance its R&D segment, with a focus on innovation to benefit consumers and retailers through practical and demonstration videos in the small kitchen appliances market. The market is further driven by the rapid proliferation of online e-commerce sales channels and a growing number of smart home applications.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global smart kettle market report on the basis of technology, power rating, and region
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Technology Outlook (Revenue, USD Million, 2016 - 2027)
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Wi-Fi
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Bluetooth
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Voice-enabled
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Others
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Power Rating Outlook (Revenue, USD Million, 2016 - 2027)
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Up to 1200 W
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1200-1800 W
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1800-3000 W
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Regional Outlook (Revenue, USD Million, 2016 - 2027)
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North America
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The U.S.
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Europe
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The U.K.
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Germany
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Asia Pacific
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China
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India
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Central & South America
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Brazil
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Middle East & Africa
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South Africa
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