LAMEA Smart Kitchen Appliances Market Size

LAMEA Smart Kitchen Appliances Market Size & Forecast 2027

LAMEA Smart Kitchen Appliances Market By Product (Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products), By Applications (Residential and Commercial), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

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Published Date : November-2021 | Number of Pages : 89 | Format : PDF

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Market Report Description

The Latin America, Middle East and Africa Smart Kitchen Appliances Market would witness market growth of 18.2% CAGR during the forecast period (2021-2027).

The increasing focus of the customers on furnishing their kitchens with smart appliances to improve the efficiency of the activities can save the fuel. In addition, the increasing awareness among the customers regarding climatic change is motivating them to use fuel efficient products in their life and thus, boosting the demand for smart kitchen appliances. As technological advancements continue to increase at a rapid pace, the adoption of advanced technology-based kitchen appliances would witness a surge in demand in this region.

Smart kitchen appliances are available in various shapes and sizes to perform an impressive range of automated functions. Features like voice assistant in various smart kitchen appliances are contributing to the high demand for these appliances across this region. There are many market players that are entering or expanding their presence in the regional market by launching advanced products, which is estimated to fuel the growth of the regional smart kitchen appliances market over the forecast period.

There is a shift in the trend among consumers towards the adoption of compact single households and combined kitchen designs that would support the development of smart kitchens. Along with convenience and easy management, smart kitchen appliances would fulfill sustainability purposes. For instance, in connected household appliances, consumers can store their shopping list and can also check what is in the refrigerator and what they need to buy by using a smartphone.

There is a shift in the trend among consumers towards the adoption of compact single households and combined kitchen designs that would support the development of smart kitchens. Along with convenience and easy management, smart kitchen appliances would fulfill sustainability purposes. For instance, in connected household appliances, consumers can store their shopping list and can also check what is in the refrigerator and what they need to buy by using a smartphone.

The Residential market dominated the South Africa Smart Kitchen Appliances Market by Applications in 2020, thereby, achieving a market value of $429.1 million by 2027. The Commercial market is expected to witness a CAGR of 19.1% during (2021 - 2027).

Based on Product, the market is segmented into Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products. Based on Applications, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Smart Kitchen Appliances Market is Predict to reach $33.3 Billion by 2027, at a CAGR of 17.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BSH HausgerÄte GmbH, Whirlpool Corporation, Miele & Cie. KG, LG Electronics, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Koninklijke Philips N.V., GE Appliances, a Haier Company, Electrolux AB, and Daewoo Electronics Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Smart Refrigerators
  • Smart Cookware and Cooktops
  • Smart Ovens
  • Smart Dishwashers,
  • Other Products

By Application

  • Residential
  • Commercial

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • BSH Hausgeräte GmbH
  • Whirlpool Corporation
  • Miele & Cie. KG
  • LG Electronics, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • GE Appliances, a Haier Company
  • Electrolux AB

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Related Reports:

Global Smart Kitchen Appliances Market Report 2021-2027

North America Smart Kitchen Appliances Market Report 2021-2027

Europe Smart Kitchen Appliances Market Report 2021-2027

Asia Pacific Smart Kitchen Appliances Market Report 2021-2027

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