According to the data published by Research and Markets, the global smart kitchen appliances market was valued at 896.78 million dollar in 2017 and is estimated to expand with a CAGR of 23.4% from 2017-2025. Smart kitchen appliances are designed for optimum efficiency and high performance. They are equipped with different sensing devices and remote connectivity. Thus, these devices can also be operated from remote location using smartphones. “The most significant factor fueling the smart kitchen appliances market growth is the increasing advancements in the home appliances sector – explains Research and Markets -. With growing sensor technology, more intelligent and energy efficient appliances are flourishing in the market. Thus, the smart kitchen appliances is a highly technology driven market. Apart from advancing technology, the market is also complemented by the growing smart grids market. Smart kitchen appliances is among the most important components of the smart grid ecosystem since it enables two-way communication. Another major factor fueling the market growth is the rising discretionary income of the consumers worldwide. Due to availability of the high-tech appliances coupled with increased discretionary income, consumers are now increasing shifting towards high-end appliances. Thus, the market is expected to witness strong growth especially in regions having high discretionary income of the people”.
