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The Europe smart kitchen appliance market is expected to reach US$ 15,358.9 million by 2028 from US$ 4,955.1 million in 2021; it is estimated to grow at a CAGR of 17.5% 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 Europe. However, vulnerability to cyber-crimes and higher upfront costs restrict the market growth.
Europe smart kitchen appliance market, a burgeoning category in developed nations, represent a significant evolution from conventional kitchen electronics. These appliances integrate technology-driven solutions, offering consumers an enhanced experience through advanced features. A key differentiator lies in their ability to provide cost-effectiveness, communication capabilities, and improved safety and convenience.
The Cisco Internet Report highlights the growing prominence of connected homes within the Internet of Things (IoT) landscape, projecting a 48% share for this sector. While smart lighting, locks, and thermostats are currently prevalent in Europe, smart kitchen appliances are gaining traction due to their long-term benefits. Although the initial investment can be higher, these appliances ultimately help reduce costs associated with maintenance and energy consumption compared to their traditional counterparts. Traditional appliances often require periodic maintenance, leading to recurring expenses, and typically consume more energy.
The integration of sensor technologies in Europe smart kitchen appliance market enables proactive performance monitoring. These sensors can detect potential faults and alert owners, minimizing the need for frequent repairs and associated costs. LG Electronics' ThinQ application exemplifies this advantage. It provides self-diagnosis capabilities for LG's smart appliances, allowing users to access diagnostic results and troubleshooting instructions directly on their smartphones. This self-service approach can often resolve minor issues without requiring a service technician.
Furthermore, Europe smart kitchen appliance market offers seamless communication capabilities. They can interact with each other over wireless networks, and users can control and monitor them remotely through dedicated smartphone applications. For instance, a smart oven allows users to switch it on or off remotely, enhancing safety and convenience. Similarly, smart refrigerators equipped with sensors and built-in cameras simplify tasks like updating shopping lists. Their integrated screens can also serve as notepads and provide insights into temperature and energy consumption patterns. The ability to manage and control these refrigerators remotely based on their performance and switch between different modes via smartphones is a significant driver of their increasing popularity in both residential and commercial settings.
The COVID-19 pandemic significantly impacted European electronics manufacturers, particularly in countries like Germany, Belgium, Poland, the UK, and the Netherlands, which were severely affected. The emergence of SARS-CoV-2 disrupted supply chains and limited workforce availability at manufacturing facilities. For example, AB Electrolux experienced substantial supply line disruptions at its Italian manufacturing plants in 2020. However, as economies began to reopen and containment measures eased in the first quarter of 2021, manufacturers-initiated efforts to increase production to full capacity to meet the recovering demand.
Europe Smart Kitchen Appliance Market Segmentation
Europe smart kitchen appliance market By Product
Smart Ovens
Smart Refrigerators
Smart Sous Vide
Smart Juicers & Blenders
Smart Cookers & Cooking Robots
Smart Cooktops
Smart Integrated Ovens & Cooktops
Others
Europe smart kitchen appliance market By Connectivity
Wi-Fi
Bluetooth
Europe smart kitchen appliance market By End User
Residential
Commercial
Europe smart kitchen appliance market By Country
UK
Germany
France
Italy
Spain
Russia
Poland
Sweden
Netherlands
Rest of Europe
Europe smart kitchen appliance market 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
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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