The global smart cooktops market is anticipated to witness a growth of steady CAGR during the forecast period, 2023-2027. High internet penetration, the proliferation of smart devices, and growing awareness about the use of smart cooktops and the development of smart infrastructure in developed and developing countries are driving the growth of the global smart cooktops market.
Smart cooktops connect with the smart home network, including other smart devices like smart microwaves, smart refrigerators, smart dishwashers, and use advanced cooking technology to enhance the cooking experience for more even cooking. Smart cooktops can be accessed through smartphones or other smart devices to enter the instructions without needing to go physically near the smart cooktop. These often use Bluetooth and Wi-Fi technology to send information over the internet to a smart cooktop.
Adoption Of Quality Lifestyle and Growing Disposable Income Fuels Market Growth
Things are changing fast around the world economically, and that means people have more money to spend on making their lives better. Especially in developing countries, cities are growing and factories are popping up, so folks are grabbing onto new tech and gadgets to make life easier, like when they're cooking. Plus, governments are pushing for digital transformations and building smart cities, which should improve our current infrastructure and make it easier to use all this new tech. This should really help the market for smart cooktops take off! Companies are also putting money into research and development to create cool, new tech and smart products with easy-to-use features so they can get more customers and sell more stuff. We're expecting to see a ton of smart cooktops sold in the United States, thanks to the big players in the market and because people there have more money to spend.
Rising Awareness About Benefits of Using Smart Technology Boosts Market Growth
The cooktops market is heating up! Experts predict it'll grow by over 7% each year from 2022 to 2027. Get ready for smart cooktops to really take off, too. Imagine texting your stove to preheat, or just telling it what temperature you need. Then, turn it off from your phone! These clever cooktops are customizable for any pot or pan. If you prefer gas, you'll love the precise control. And induction cooktops? They're packed with cool features to make cooking a joy. In fact, the induction cooktops market was already worth nearly USD15 billion back in 2020. The best part? Smart cooktops learn your habits, sending you reminders if you've left them on too long. They even use geofencing to check if you've left the house and forgot to turn them off, helping prevent accidental fires. Ultimately, smart cooktops offer a cost-effective and safer alternative to traditional cooktops, which is why they're expected to drive major growth in the years to come.
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Market Segmentation
The global smart cooktops market is segmented by type, number of burners, distribution channel, regional distribution, and competition landscape
Market Players
Samsung Electronics Co., Ltd., GE Appliances, a Haier company, BSH Home Appliances Corporation, Whirlpool Corporation, Electrolux Home Products, Inc., LG Electronics Inc., BuzzFeed, Inc. (one Top), are among the major market players in the global platform that lead the market growth of the global smart cooktops market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Thousand Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Number of Burners · Distribution Channel |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; |
| Key companies profiled | Samsung Electronics Co., Ltd., GE Appliances, a Haier company, BSH Home Appliances Corporation, Whirlpool Corporation, Electrolux Home Products, Inc., LG Electronics Inc., BuzzFeed, Inc. (one Top) |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
