India Smart Kitchen Appliances Market Size & Outlook
India smart kitchen appliances market, 2017-2030 (US$M)
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India smart kitchen appliances market highlights
- The India smart kitchen appliances market generated a revenue of USD 1,060.4 million in 2022 and is expected to reach USD 4,848.8 million by 2030.
- The India market is expected to grow at a CAGR of 20.9% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Ovens is the most lucrative product segment registering the fastest growth during the forecast period.
Smart kitchen appliances market data book summary
| Market revenue in 2022 | USD 1,060.4 million |
| Market revenue in 2030 | USD 4,848.8 million |
| Growth rate | 20.9% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Ovens |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Samsung Electronics Co Ltd, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Bosch, Breville Group Ltd, Miele, Daewoo International |
Other key industry trends
- In terms of revenue, India accounted for 6.8% of the global smart kitchen appliances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart kitchen appliances market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,111.6 million by 2030.
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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India smart kitchen appliances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart kitchen appliances market will help companies and investors design strategic landscapes.
Smart refrigerators was the largest segment with a revenue share of 32.6% in 2022. Horizon Databook has segmented the India smart kitchen appliances market based on smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, other appliances covering the revenue growth of each sub-segment from 2017 to 2030.
There is a growing customer preference for appliances that are tailored for a specific setup and function. This upward trend is also fueled by rising customer interest in contemporary décor, luxury, comfort, and convenience, which drives the demand for smart kitchen appliances. Consumers generally consider their lifestyle, favorite cuisine, as well as the maintaining an atmosphere during the gettogethers when choosing smart kitchen appliances.
For instance, in October 2022, EVOChef, a smart kitchen automation company, launched the EC FLIP, the world’s first fully automatic dosa maker. The dosa maker is ideal for working professionals and is available in four vibrant colors—Golden Beige, Metallic Blue, Metallic Orange, and White. Once the options on the dosa maker are adjusted and chosen, the EC FLIP can automatically make hot A4-sized dosas.
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Our clientele includes a mix of smart kitchen appliances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India smart kitchen appliances market , including forecasts for subscribers. This country databook contains high-level insights into India smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India smart kitchen appliances market size, by product, 2017-2030 (US$M)
India Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
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