Smart Kitchen Appliances Market Size, Share, Growth Analysis, By Product(Smart Washer, Smart A.C, Smart Dryer, Smart Refrigerator), By Application(Residential, Commercial), By Region - Industry Forecast 2024-2031

Global Smart Kitchen Appliances Market size was valued at USD 13.18 billion in 2022 and is poised to grow from USD 15.67 billion in 2023 to USD 60.19 billion by 2031, growing at a CAGR of 18.4% in the forecast period (2024-2031).

The market for kitchen cooking appliances is being driven by shifts in living standards around the world and a rise in interest in smart connected home appliances. Another factor influencing the purchase of kitchen appliances is the demand for devices with user-friendly interfaces and high energy efficiency. Hardware made of antimicrobial materials like copper, brass, and bronze are gaining popularity. Studies have shown that copper-based materials prevent the spread of bacteria and viruses. Individual shoppers are increasingly adding home appliances to their shopping carts, which is helping to move the market in the right direction.

Over 80 million American homes anticipate buying a new smart home device within the next 12 months, according to the Smart Home Technology Usage, Satisfaction, and Acquire Intent 2020 research. Nearly 80 million American households, or 64% of respondents, said they planned to buy new smart home gadgets in the upcoming year. Similar to this, interest in cleaning appliances has increased by 55% while interest in kitchen appliances has increased by 3%. There is a lot of interest in large appliances and televisions, and practically every category is showing a positive trend.

US Smart Kitchen Appliances Market is poised to grow at a sustainable CAGR for the next forecast year.