Advancement in Technology Promotes Household Cooking Appliance…

The global household cooking appliance market size is expected to reach USD 124.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.5% CAGR during the forecast period. The market has witnessed a paradigm shift over the last few years, with advanced connectivity features integrated with kitchen appliances and growing emphasis on use of energy-efficient products to comply with emission norms becoming commonplace worldwide.

Everything in this world is getting smarter day-by-day. Technology is able to gauge and sense human needs and learn to lend a helping hand to overcome obstacles in the matter of seconds, which would consume a lot of time if done in a conventional way. Cooking has been one thing which still requires time, although not as much as it used to; however, it is getting simpler gradually and smart household cooking appliances are here to help us accomplish just that!

The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.

The Household Cooking Appliances Market is poised for a steady growth in the coming years. Technological advancements in devices, such as IoT-enabled appliances, sensors for pre-defined cook time, and digital menu enabled devices, have played a pivotal role in shaping the market growth.

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Smart kitchen devices are being used widely in developed countries such as U.S., Canada, Germany, and Japan. Use of Artificial Intelligence (AI) and IoT to control and access multiple smart kitchen appliances through a remote or mobile device is gaining increased popularity. To benefit from this scenario, a number of companies are introducing smart kitchen equipment in their portfolios. For instance, in August 2018, Electrolux expanded its partnership with Google Inc. in the European market for integrating connected kitchen products with Google Assistant, allowing consumers to control products using voice commands. Such advancements are expected to bolster the global market in the next few years.

Time For A Comfort-friendly Kitchen
Sit back, relax, it’s time to let the smart appliances takeover your kitchen. It’s no more weird to talk to your microwave or coffee maker or toaster or any other appliance in the kitchen which is connected to internet or has smart before its name. It’s time to live a life like Jetsons.
Now why we should let the appliances do the talking when we’re ourselves capable of doing those ourselves?

• Maybe you’re a novice who requires a helping hand in the kitchenor a seasoned chef who wants to multi-task; let me tell you, this technology is for everyone and is here to stay. It can help you with your cooking chores or new innovations at the command of your voice.
• Help from these smarties, can help free up our timeswhich we can dedicate to several other things.
• Smart applications which can be used through these appliances can get us to keep our kitchen’s stock in order.Now nobody will be short of butter while making Butter Chicken or in loss of croutons while serving Soupe à l'oignon.
• We need all the help required when preparing a meal for someone we called over for a dinner. And precisely here these internet-connected smarties come to our rescue by lending a brilliant hand of multiple recipes to choose from the internetand moreover they don’t even care if we get all the credit from the guest for the best dinner they had since a long time.
• These smart appliances can turn up the conveniencefactor along with your performance in the kitchen as you can accomplish a lot in the given amount of time.
• Also, these appliances are energy efficientand consume less juice than the conventional ones, giving you quite a rebate on energy bills.

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Now take a moment to think about, Why not?
Not much to answer, isn’t it?
So, let’s now dive into the market trends and insights.

Market Trends And Insights
Cooktops and Ranges are the most widely used appliances across households. It is a necessity for each household to have a cooktop as a result of which their penetration in the market is expected to witness a steady upswing. The cooktop segment had the largest market size in 2019 and is expected to continue maintaining its stranglehold over the market. Developments such as an increase in the number of burners, improvement in the cooktops’ material, enhanced aesthetic value, and the presence of a higher number of racks in the ranges have kept the demand for cooktops and ranges steady over time.
The ovens market is anticipated to witness the fastest growth in the upcoming years as well, with the revenue share for combination ovens and microwave ovens expected to increase relative to conventional ovens.

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.