Asia Pacific Smart Kitchen Appliance Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Smart Ovens, Smart Refrigerator, Smart Juicers and Blenders, Smart Cookers and Cooking Robots, Smart Cooktops, Smart Integrated Cooktops and Ovens, Smart Sous Vide, and Others), Connectivity (Wi-Fi, and Bluetooth), and End User (Residential, and Commercial)
The Asia Pacific smart kitchen appliance market is expected to reach US$ 12,459.8 million by 2028 from US$ 3,754.2 million in 2021; it is estimated to grow at a CAGR of 18.7% from 2021 to 2028.
A few of the major factors contributing to the market growth include cost-effectiveness and communication ability of smart kitchen appliances, and availability of superior internet connectivity across Asia Pacific. However, vulnerability to cyber-crimes and higher upfront costs restrict the market growth.In recent years, several developing countries in Asia Pacific have witnessed the growth in the adoption of smart kitchen appliances, which is majorly attributed to continuous evolution in the internet of things (IoT). The availability of better internet infrastructure in the countries in this region encourages end users to procure smart kitchen appliances. According to the Cisco Annual Internet Report, APAC is projected to have 3.1 billion internet users (72% of APAC population) and 13.5 billion networked devices/connections by 2023. Further, networked devices/connections will be wired or connected over Wi-Fi by 2030. As the operations of smart kitchen appliances are primarily based on internet infrastructure, the stimulating internet infrastructure is boosting the adoption of smart kitchen appliances in Asia Pacific. Japan and South Korea account for the most significant count of internet users; these countries are home to several electronics, home appliances, and sensors manufacturers. This factor is catalyzing the demand for smart kitchen appliances in these countries. Additionally, the ability of these appliances to reduce operational costs and risks is further supporting the growth of the smart kitchen appliances market in several Asia-Pacific countries.
Due to COVID-19, many manufacturing plants were operating with a partial workforce or were closed in 2020. They also faced challenges in terms of disrupted raw material and component supply chains. Manufacturers in Asia Pacific faced these critical challenges till the Q4 of 2020. Since the region is characterized by high GDP per capita and a high standard of living, the demand for advanced consumer electronics is always high. Although the supply side in the smart kitchen appliances market faced hindrance, the demand side is generating high demand for these products due to remote working and learning practices.
According to Electronic Components Industry Association, the COVID-19 has resulted in delays and disruptions in supply chains, product releases, events, and other related industrial activities. China, Japan, South Korea, and India are among the countries that have a large number of electronics manufacturers as well as end users. Several electronics manufacturers had to temporarily cease their manufacturing processes due to containment measures, and available raw material and other resource exhaustion. Haier had to completely shut down its manufacturing in China till February 2020. In India, manufacturing facilities were shut till the Q2 of 2020. Further, despite the exponential rise in infections, the containment measures were eased and manufacturing facilities were operational in the region in 2021. For instance, though there was the emergence of the second wave of infection in India, manufacturing facilities continued their operations. Similarly, with the ongoing rise in cases in China, factories are still operational.
Asia Pacific Smart Kitchen Appliance Market Revenue and Forecast to 2028 (US$ Mn)
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ASIA PACIFIC SMART KITCHEN APPLIANCE MARKET SEGMENTATION
By Product
- Smart Ovens
- Smart Refrigerators
- Smart Sous Vide
- Smart Juicers & Blenders
- Smart Cookers & Cooking Robots
- Smart Cooktops
- Smart Integrated Ovens & Cooktops
- Others
By Connectivity
- Wi-Fi
- Bluetooth
By End User
- Residential
- Commercial
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Company Profiles
- Electrolux AB
- BSH Hausgeräte GmbH
- GE Appliances
- LG Electronics
- Koninklijke Philips N.V.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Breville Group Limited
1. Introduction
1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 Market segmentation
1.3.1 Asia Pacific Smart Kitchen Appliance Market – By Product
1.3.2 Asia Pacific Smart Kitchen Appliance Market – By End-User
1.3.3 Asia Pacific Smart Kitchen Appliance Market – By Connectivity
1.3.4 Asia Pacific Smart Kitchen Appliance Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Smart Kitchen Appliance Market landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1 Asia Pacific PEST Analysis
5. Smart Kitchen Appliances Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Cost-Effectiveness and Communication Ability of Smart Kitchen Appliances
5.1.2 Increase in Internet Penetration
5.2 Market Restraints
5.2.1 Vulnerability to Cyber Crimes and Higher Upfront Cost
5.3 Market Opportunities
5.3.1 Substantial Growth in Smart Home and Smart Hotel Projects
5.4 Future Trends
5.4.1 Mergers and Partnerships
5.5 Impact Analysis Of Drivers And Restraints
6. Smart Kitchen Appliance –Asia Pacific Market Analysis
6.1 Asia Pacific Smart Kitchen Appliance Market Overview
6.2 Asia Pacific Smart Kitchen Appliance Market Revenue Forecast and Analysis
7. Asia Pacific Smart Kitchen Appliance Market Analysis – By Product
7.1 Overview
7.2 Asia Pacific Smart Kitchen Appliance Market Revenue Breakdown, By Product, 2020 & 2028
7.3 Smart Ovens
7.3.1 Overview
7.3.2 Smart Ovens Market Revenue Forecasts to 2028 (US$ Mn)
7.4 Smart Refrigerator
7.4.1 Overview
7.4.2 Smart Refrigerators Market Revenue Forecasts to 2028 (US$ Mn)
7.5 Smart Juicers & Blenders
7.5.1 Overview
7.5.2 Smart Juicers & Blenders Market Revenue Forecasts to 2028 (US$ Mn)
7.6 Smart Cookers & Cooking Robots
7.6.1 Overview
7.6.2 Smart Cookers & Cooking Robots Market Revenue Forecasts to 2028 (US$ Mn)
7.7 Smart Cooktops
7.7.1 Overview
7.7.2 Smart Cooktops Market Revenue Forecasts to 2028 (US$ Mn)
7.8 Smart Integrated Ovens & Cooktops
7.8.1 Overview
7.8.2 Smart Integrated Ovens & Cooktops Market Revenue Forecasts to 2028 (US$ Mn)
7.9 Smart Sous Vide
7.9.1 Overview
7.9.2 Smart Sous Vide Market Revenue Forecasts to 2028 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others Market Revenue Forecasts to 2028 (US$ Mn)
8. Asia Pacific Smart kitchen appliances market Analysis – By Connectivity
8.1 Overview
8.2 Smart Kitchen Appliances Market Revenue Breakdown, By Connectivity, 2020 & 2028
8.3 Wi-Fi
8.3.1 Overview
8.3.2 Wi-Fi Revenue Forecasts to 2028 (US$ Mn)
8.4 Bluetooth
8.4.1 Overview
8.4.2 Bluetooth Market Revenue Forecasts to 2028 (US$ Mn)
9. Asia Pacific Smart Kitchen Appliance market revenue and forecasts to 2028 – End User
9.1 Overview
9.2 Smart Kitchen Appliance Market Revenue Breakdown, By End User, 2020 & 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue Forecasts to 2028 (US$ Mn)
9.4 Residential
9.4.1 Overview
9.4.2 Residential Market Revenue Forecasts to 2028 (US$ Mn)
10. Smart kitchen appliance Market – Asia Pacific Analysis
10.1 Asia-Pacific Smart Kitchen Appliances Market Revenue Forecasts to 2028
10.1.1 Asia-Pacific Smart Kitchen Appliances Market Revenue Forecasts to 2028 (US$ Mn)
10.1.2 Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown by Product
10.1.3 Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown by Connectivity
10.1.4 Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown by End User
10.1.5 Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown, by Key Countries
10.1.5.1 Australia Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.1.1 Australia Smart Kitchen Appliance Market Revenue by Product
10.1.5.1.2 Australia Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.1.3 Australia Smart Kitchen Appliance Market Revenue by End User
10.1.5.2 India Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.2.1 India Smart Kitchen Appliance Market Revenue by Product
10.1.5.2.2 India Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.2.3 India Smart Kitchen Appliance Market Revenue by End User
10.1.5.3 Japan Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.3.1 Japan Smart Kitchen Appliance Market Revenue by Product
10.1.5.3.2 Japan Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.3.3 Japan Smart Kitchen Appliance Market Revenue by End User
10.1.5.4 South Korea Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.4.1 South Korea Smart Kitchen Appliance Market Revenue by Product
10.1.5.4.2 South Korea Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.4.3 South Korea Smart Kitchen Appliance Market Revenue by End User
10.1.5.5 China Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.5.1 China Smart Kitchen Appliance Market Revenue by Product
10.1.5.5.2 China Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.5.3 China Smart Kitchen Appliance Market Revenue by End User
10.1.5.6 Rest of Asia-Pacific Smart Kitchen Appliance Market Revenue Forecasts to 2028 (US$ MN)
10.1.5.6.1 Rest of Asia-Pacific Smart Kitchen Appliance Market Revenue by Product
10.1.5.6.2 Rest of Asia-Pacific Smart Kitchen Appliance Market Revenue by Connectivity
10.1.5.6.3 Rest of Asia-Pacific Smart Kitchen Appliance Market Revenue by End User
11. Impact of COVID-19 Pandemic
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Electrolux AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BSH Hausgeräte GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Appliances
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 LG Electronics
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Koninklijke Philips N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Panasonic Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Samsung Electronics Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Breville Group Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Whirlpool Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia-Pacific Smart Kitchen Appliance Market Revenue and Forecasts to 2028 – By Product (US$ Mn)
Table 2. Asia-Pacific Smart kitchen appliance Market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 3. Asia-Pacific Smart kitchen appliance Market Revenue and Forecasts to 2028 – By End User (US$ Mn)
Table 4. Australia Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 5. Australia Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 6. Australia Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 7. India Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 8. India Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 9. India Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 10. Japan Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 11. Japan Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 12. Japan Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 13. South Korea Smart kitchen appliance market Revenue and Forecasts to 2028 – By Product (US$ Mn)
Table 14. South Korea Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 15. South Korea Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 16. China Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 17. China Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 18. China Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 19. Rest of Asia-Pacific Smart kitchen appliance market Revenue and Forecasts to 2028 – By product (US$ Mn)
Table 20. Rest of Asia-Pacific Smart kitchen appliance market Revenue and Forecasts to 2028 – By Connectivity (US$ Mn)
Table 21. Rest of Asia-Pacific Smart kitchen appliance market Revenue and Forecasts to 2028 – By end user (US$ Mn)
Table 22. Glossary of Term: Global Smart Kitchen Appliance Market
LIST OF FIGURES
Figure 1. Smart Kitchen Appliance Market Segmentation
Figure 2. Asia Pacific Smart Kitchen Appliance Market Segmentation by Country
Figure 3. Asia Pacific Smart Kitchen Appliances Market Overview
Figure 4. Smart Refrigerators Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 5. Wi-Fi Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 6. Residential Segment held the Largest Share of Smart Kitchen Appliances Market
Figure 7. Smart Kitchen Appliances Market Ecosystem Analysis
Figure 8. Asia Pacific – PEST Analysis
Figure 9. Smart Kitchen Appliance Market Impact Analysis Of Driver And Restraints
Figure 10. Asia Pacific Smart Kitchen Appliance Market Revenue Forecast and Analysis
Figure 11. Asia Pacific Smart Kitchen Appliance Market Revenue Breakdown, By Product, 2020 & 2028 (%)
Figure 12. Smart ovens Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Smart refrigerators Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Smart Juicers & Blenders Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Smart Cookers & Cooking Robots Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Smart Cooktops Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Smart Integrated Ovens & Cooktops Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Smart Sous vide Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Smart Kitchen Appliances Market Revenue Breakdown By Connectivity, 2020 & 2028 (%)
Figure 21. Wi-Fi Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Bluetooth Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Smart Kitchen Appliance Market Revenue Breakdown, By End User, 2020 & 2028 (%)
Figure 24. Commercial Market Revenue And Forecasts to 2028 (US$ Mn)
Figure 25. Residential Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Asia-Pacific Smart Kitchen Appliance Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown By Product, 2020 & 2028 (%)
Figure 28. Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown by Connectivity, 2020 & 2028 (%)
Figure 29. Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown By End User, 2020 & 2028 (%)
Figure 30. Asia-Pacific Smart Kitchen Appliance Market Revenue Breakdown by Key Countries, 2020 & 2028(%)
Figure 31. Australia Smart Kitchen Appliance Market Revenue and Forecasts to 2028 (US$ MN)
Figure 32. India Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 33. Japan Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 34. South Korea Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 35. China Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 36. Rest of Asia-Pacific Smart kitchen appliance market Revenue and Forecasts to 2028 (US$ MN)
Figure 37. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Electrolux AB
- BSH Hausgeräte GmbH
- GE Appliances
- LG Electronics
- Koninklijke Philips N.V.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Breville Group Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific smart kitchen appliance market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific smart kitchen appliance market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.