Global Smart Kitchen Market CAGR Growth of 63.53% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Haier, LG Electronics, SectorQube

Mar 03, 2016, 15:10 ET from Research and Markets

DUBLIN, March 3, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Smart Kitchen Market 2016-2020" report to their offering.

This comprehensive report predicts that the global smart kitchen market will grow with a CAGR of 63.53% during the period 2016-2020.

Commenting on the report, an analyst from the research 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.

Questions Answered:

  • 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?

Companies Mentioned:

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

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Appendix

PART 15: About Author

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SOURCE Research and Markets