Smart Kitchen Appliances Statistics By Revenue, Geography and Facts
Saisuman Revankar
Updated · Jan 14, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- Facts About Smart Kitchen Appliances
- General Smart Kitchen Appliances Statistics
- By Usage Share
- By Revenue
- By Top Companies
- By Geography
- Smart Refrigerator Statistics
- Smart Coffee Maker Statistics
- Smart Dishwasher’s Statistics
- Smart Ovens Statistics
- Air Fryer Statistics
- Smart Blender Statistics
- Conclusion
Introduction
Smart Kitchen Appliances Statistics: Advanced technology is significantly changing living standards, basically due to the concept of the smart home. Smart kitchen appliances are playing an important segment. Now, many manufacturers are offering kitchen appliances integrated with IoT, enabling people to perform their tasks efficiently in just a few minutes.
In 2024, most younger and millennial people are showing more interest in smart appliances by replacing traditional ones. This Smart Kitchen Appliances Statistics includes different types of smart appliances used in the global market and their statistical analysis with all other current trends. So, if you are willing to invest in this sector, this paper will offer beneficial results.
Editor’s Choice
- The global kitchen appliances market is estimated to approach $25.54 billion by 2024 and $49.72 billion by 2028.
- According to a report published by Grand View Research, in 2023, the worldwide market share of smart kitchen appliances has grown to $18.75 billion and is estimated to be $60.20 billion approximately by 2030.
- The market’s annual compound growth rate is estimated to be 17.9% from 2024 to 2030.
- North America dominates this market with a market share of 32.6%.
- The APAC is the fastest-growing market, with over 58% of CAGR from 2024 to 2028.
- With smart kitchen appliances based on residential applications, the market is expected to grow at a CAGR of 12.6% from 2023 to 2033.
- In 2024, the market size of AI-enabled kitchen appliances will result in $600 million and will grow at a CAGR of 49% from 2018 to 2024.
- The most popular types of smart kitchen appliances used in the United States are fridges (4.7%), dishwashers (4.2%), ovens (4.2%), and microwaves (4.1%).
- Among all other smart appliances, the segment of smart refrigerators captured the maximum share of 33.5% – 39% in 2023.
- As of 2023, LG’s market share of smart kitchen appliances was 13.6%.
(Source: blog.tbrc.info)
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Facts About Smart Kitchen Appliances
- The usage of smart kitchen appliances has increased fruit and vegetable consumption by 30% share in 2023.
- After using the smart refrigerator, food waste has been reduced by 25%.
- Smart kitchen appliances have reduced energy usage by up to 50% and reduced cooking time by 20%.
- Smart kitchen appliances are mostly preferred by 67% of global users because of advanced features such as advanced voice commands, remote control options, auto adjustment cooking settings, and monitor progress.
General Smart Kitchen Appliances Statistics
- According to a report published by Mordor Intelligence, from 2024 to 2029, the market growth rate of smart kitchens will grow by 14.12% CAGR.
(Source: mordorintelligence.com)
- As of 2023, the residential segment was dominating the global market of smart kitchens with a revenue share of 58.9% to 68%.
(Reference: statista.com)
- According to Statista, the market size of global smart kitchen appliances in 2028 will grow by $47.07 billion, with an annual growth rate of 19.2% from 2020 to 2028.
- North America dominates this market with a market share of 32.6%.
- The market size of residential outdoor storage products has grown by $178.30 million, with a CAGR of 2.43% from 2020 to 2024.
- On the other hand, the portable pressure washer market has grown by $167.80 million during the above-forecasted period.
(Source: technavio.com)
- North America will dominate the global market of smart connected cooking appliances with a 32% growth rate from 2023 to 2028.
- In the United States, people’s usage share on smart kitchen appliances are fridges (4.7%), dishwashers (4.2%), ovens (4.2%), and microwaves (4.1%).
- Furthermore, other smart device usage shares by American are followed by coffee makers (3.4%), kitchen scale (3.3%), faucet (2.5%), pet feeder (2.3%), ice machines (2.1%), cooking thermometer (2.2%), blender (2%), herb garden (2.1%), slow cooker (2%), sous vide cooker (1.5%), and air fryer (2.1%).
By Revenue
(Reference: statista.com)
- As of 2023, revenue earned by the worldwide smart kitchen market was $22.45 billion.
- Meanwhile, by the end of 2024, the expected earned revenue will be $26.02 billion.
- Furthermore, revenue earnings are going to increase in the coming years in 2025 ($0.52 billion), 2026 ($36.2 billion), and 2027 ($43.4 billion).
By Top Companies
Top Companies
- Samsung Electronics Co. Ltd
- Whirlpool Corporation
- Electrolux AB
- LG Electronics Inc.
- Panasonic Corporation
(Source: mordorintelligence.com)
- Key manufacturers of smart kitchen appliances are Whirlpool Corporation, LG Electronics, Electrolux AB, Samsung Electronics CO., Ltd., Haier Group, Panasonic Corporation, etc.
- As of 2023, LG’s market share of smart kitchen appliances was 13.6%
- Other company’s market share is followed by Samsung Electronics Co. Ltd. (11.5%), Whirlpool Corporation (9.3%), Haier Group Corporation (8.1%), Electrolux AB (7.2%), Bosch Home Appliances (6.8%), and Panasonic Corporation (5.6%).
(Reference: statista.com)
- As of 2023, the leading kitchen appliance company in India was Whirlpool, with net sales of 62.1 billion Indian rupees.
- Furthermore, other leading companies with net sales in Indian rupees are followed by Crompton Greaves Consumer Electrical (58.09 billion), Electronic Mart India (54.46 billion), Bajaj Electricals (54.17 billion), IFB Industries (41.01 billion), TTK Prestige (26.26 billion), PG Electroplast (13.31 billion), Stovekraft (12.84 billion), Butterfly Gandhimathi Appliances (10.57 billion), and Hawkins cooker (10.06 billion).
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By Geography
- In the United States of America, the market value of smart kitchen appliances in 2033 is supposed to reach $7.1 billion.
- Meanwhile, Japan’s market will make $1.23 billion by 2033, with a CAGR of 12.7% from 2023 to 2033.
- The market growth rate of South Korea has resulted in $2.69 billion in 2023 and is expected to be $8.86 billion by 2033 with a 12.7% CAGR.
- By the end of 2030, the market size and CAGR of other countries are Germany ($1.9 billion and 15%), China ($2.4 billion and 17%), and India ($1.2 billion and 12%).
(Source: emergenresearch.com)
- Based on the regional share, the market growth rate of smart kitchen appliances in North America and Asia Pacific will be 19.2% and 23% from 2021 to 2028, respectively.
Smart Refrigerator Statistics
(Source: marketresearch.biz)
- The global market of smart refrigerators by distribution channel in 2023 will be $2.6 billion.
- Furthermore, the market size in coming years is followed by 2024 ($2.8 billion), 2025 ($3.2 billion), 2026 ($3.7 billion), 2027 ($4.1 billion), 2028 ($4.3 billion), 2029 ($4.9 billion), 2030 ($5.3 billion), 2031 ($6 billion), and 2032 ($6.8 billion).
- According to a report published by Statista Research Department, the industry’s market value will be $5.23 billion in 2023.
- The top three manufacturers of smart refrigerators are Whirlpool, Samsung, and Haier, holding a market share of 30%.
- Asia Pacific and North America were this market’s fastest and most significant regions in 2023.
- Sensors used in Smart refrigerators are proximity sensors, temperature sensors, and gas sensors.
- According to Industry Research, the market size of smart refrigerators will grow at a CAGR of 17% by the end of 2027.
Smart Coffee Maker Statistics
(Source: market.us)
- The smart coffee maker market in 2023 has accounted for $396.4 million in revenue worldwide.
- In the coming years, the market will earn higher revenue; by 2024, it is estimated to reach $453.7 million.
- Furthermore, in coming years, revenue rates are going to increase, such as in 2025 ($548.8 million), 2026 ($651.9 million), 2027 ($746.1 million), 2028 ($822.3 million), 2029 ($958.8 million), 2030 ($1,097.4 million), 2031 ($1,279.5 million), and 2032 ($1,519.7 million)
- Meanwhile, the smart market will grow at a steady CAGR of 16.6% from 2022 to 2032.
- The Wi-Fi-enabled smart coffee maker dominates with a market share of 67%, and espresso holds a particular share of 36%. The Pods or Capsules segment’s sales rate will reach 5.4% CAGR.
- North America is currently dominating the global market, but within the next five years, the Asia Pacific will rise faster, with a CAGR of 5.6%.
Smart Dishwasher’s Statistics
- As of 2023, the global market share of smart dishwashers has accounted for $6 billion and is expected to reach around $6.68 billion by the end of 2024, with a CAGR of 11.2%.
- In 2023, the largest market share was secured by North America, with a 34% share.
- Other countries’ market shares are followed by Europe (28%) and Asia Pacific (25%).
- By 2025, more than 60% of households in the United States will likely use more Wi-Fi-connected appliances.
Smart Ovens Statistics
- According to a report published by Fact.MR, the worldwide smart oven market size, has generated $29.18 million in 2023 and is estimated to reach $1.89 billion by 2033.
- The global market growth rate is supposed to approach 20.5% of CAGR from 2023 to 2033.
- Country-wise, the CAGR of smart ovens during the above forecasted period is followed by Canada (17.5%), Germany (15%), Japan (18.5%), and China (19.5%).
- The commercial segment market is expected to grow with 20% CAGR, and the online distribution market with above 15% CAGR.
- Meanwhile, the industry will grow in North America and Europe at a CAGR of 14.4% and 14.6%, respectively.
Air Fryer Statistics
- In 2024, by the time it is over the revenue generated from the market for air fryers is predicted to surpass USD6.38 billion.
- The market is projected to grow at a rate of 10.49 % from 2024 until 2028.
- The largest revenue is expected to come from China which will generate USD1,635 million in 2024.
- The growth of the market’s volume in 2025 is expected to be 9.2 %.
- Air fryers can cut down on 70 % of calories and fats as compared to traditional fryers.
- From 2023 Xiaomi is launching MIJIA Smart Air Fryers 3.5L that cost 399 Yuan.
- Smart air fryers are divided by Wi-Fi as well as Bluetooth air fryers. Around 42 % and 58% of Americans are aware of and are not aware of this kind of fryer and vice versa.
Smart Blender Statistics
- The global market of smart blenders has esteemed $2.82 billion in revenue in 2023.
- Conversely, by 2030, the market valuation will be above $3.92 to $4 billion, and the CAGR is estimated to be 4.8% from 2023 to 2030.
- The North American region dominated the global market with approximately 40% share.
- In this region, 90% of millennials are using bright blenders regularly.
- As of 2023, the app-controlled segment has secured the highest share of more than 40%.
- Meanwhile, hotel segments are estimated to be the fastest-growing segment, with a CAGR of 5.8% from 2023 to 2030.
Conclusion
After completing the article on smart kitchen appliance statistics, I learned that this technologically advanced appliance provides enormous advantages, such as more comfort and greater efficiency in nearly all kitchen activities.
Different types of kitchen appliances are available in the market, and some regularly used kitchen smart devices are discussed above. If you are considering investing in smart kitchen appliances, this paper will guide you in understanding all current analyses.
Saisuman Revankar
Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Master’s in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.
