The Asia Pacific Electric Kettle Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030).
Adopting electric kettles in households has been significant due to their user-friendly design and time-saving benefits. Consumers appreciate the convenience of quickly boiling water, from preparing breakfast to making late-night snacks. Electric kettles' compact size and portability make them a preferred choice in homes where space and efficiency are valued. The electric kettle's utility extends to the commercial and hospitality sectors, where rapid water heating is essential. Electric kettles are used in hotels, restaurants, and cafes to prepare beverages, serve guests, and support kitchen operations. Their reliability and quick turnaround time enhance customer satisfaction and streamline service.
Moreover, in office settings, electric kettles are becoming increasingly popular. Employees use them to prepare hot beverages, fostering a comfortable and productive work environment. Their energy-efficient operation aligns with sustainability goals, making them an attractive choice for eco-conscious workplaces. Electric kettles offer a quick and hassle-free way for employees to prepare hot beverages such as tea, coffee, and instant soups. With the press of a button, they can have hot water ready in minutes, eliminating the need to visit a kitchen or cafeteria. In a busy office environment, time is valuable. Electric kettles can significantly reduce the time it takes to heat water compared to traditional stovetop kettles. This time-saving feature allows employees to spend less time waiting and more time being productive.
According to the article Cities as Engines of Growth, released by the Government of India in May 2022, it is estimated that between 1970 and 2018, the population of Indian cities expanded by about four times, from 109 million to 460 million. By 2050, the country's cities are projected to house an additional 416 million people, making up about 50% of the total population, making it the second-largest metropolitan area in the world. The emphasis on creating sanitary and germ-free living places will expand as India shifts from primarily rural to urban. Urban areas typically have higher population densities, which often result in smaller living spaces, such as apartments and condominiums. In such compact living quarters, electric kettles are favored for their compact size and convenience, as they require minimal counter or storage space. These factors will increase demand for electric kettles in the Asia-Pacific region.
The China market dominated the Asia Pacific Electric Kettle Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $699.3 Million by 2030. The Japan market is registering a CAGR of 3.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.2% during (2023 - 2030).
Based on Application, the market is segmented into Residential, and Commercial. Based on Raw Material, the market is segmented into Stainless Steel, Plastic, Glass, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Electric Kettle Market is Predict to reach $5.8 Billion by 2030, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aroma Housewares Company, Conair LLC (American Securities LLC), Hamilton Beach Brands, Inc., Groupe SEB, Spectrum Brands Holdings, Breville USA, Inc., bonavitaworld, TTK Prestige Limited, Crompton Greaves Consumer Electricals Limited, and Koninklijke Philips N.V.
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