Increasing trend of smart kitchen and the rising adoption of advanced technologies is expected to drive the growth of the global smart cooktops market in the forecast period, 2023-2027.
According to TechSci Research report, “Smart Cooktops Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global smart cooktops market is anticipated to grow at a steady rate in the forecast period, 2023-2027.
A cooktop is used in the kitchen for cooking and heating purposes, and they are used to heat the base of cooking utensils. Cooktops are available in different types and are powered by heat, electricity, or induction to heat the food.
Families are trying to spend more time at home and are actively looking for kitchen essential and convenient ways to cook meals. They are looking for smart and efficient appliances designed to suit their lifestyle. Smart cooktops offer high precision cooking solutions and outstanding performance while lowering energy consumption and emissions, one of the primary reasons for their high adoption across the globe.
Smart cooktops often consist of pre-programmed recipes and the barcode scanning system reads the smart codes printed on food packaging. Smart cooktops are integrated with special safety locks to prevent small children from using smart cooktops without adult people’s supervision.
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The global smart cooktops market is segmented by type, number of burners, distribution channel, regional distribution, and competition landscape.
On the basis of type, the global smart cooktops market is divided into the gas cooktop, induction cooktop, and hybrid cooktop. The induction cooktop is expected to hold a substantial market share in the forecast period, 2023-2027. The induction cooktop uses the latest technologies and works on electricity to cook food effortlessly.
They are more energy-efficient appliances when compared to other conventional cooking appliances and can cook food even at lower temperatures. Cooking food over induction is aesthetically more appealing, and they are easy to clean than the other smart cooktops.
On the basis of the number of burners, the global smart cooktops market is divided into below 3, 3-4, and more than 4. The number of burners below 3 is projected to account for a significant market share in the next five years. They are in high demand from the residential spaces as they are convenient and occupy less space than smart cooktops with a large number of burners.
On the basis of distribution channels, the global smart cooktops market is divided into offline and online. The offline segment is dominating the market and is expected to maintain its dominance throughout the forecast period. The widespread presence of specialized stores and the availability of smart cooktops at discounted costs at these stores attract a lot of customers. Stores assign customer service executives who can provide the review of the product and can solve the queries of customers to ensure their product sales.
On the basis of regional analysis, the North America region is dominating the market and is expected to maintain its dominance throughout the forecast period. Consumers are rapidly adopting advanced technologies and equipment to lower the time spent in cooking activities and improve the cooking experience. Major market players are present in the region, and they are launching technologically advanced smart cooktops in the market, which is influencing the market demand.
Major players operating in global smart cooktops market are:
- Samsung Electronics Co., Ltd.
- GE Appliances, a Haier company
- BSH Home Appliances Corporation
- Whirlpool Corporation
- Electrolux Home Products, Inc.
- LG Electronics Inc.
- BuzzFeed, Inc. (one Top)
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“Consumers are actively looking for energy-efficient solutions that can help lower the power bills and provide a cost-effective cooking solution. Smart cooktops reach the desired temperature in no time, leaving the consumers to indulge in other essential activities. High demand for Western-style kitchen appliances and advanced features like temperature control and flame-less cooking is expected to drive the demand for smart cooktops. An increase in the working population leaves less time left for cooking activities. The adoption of a sedentary lifestyle is fueling the demand for smart cooktops that can cook food easily and in a lower time period. The launch of smart cooktops with advanced safety features and enhanced connectivity along with the adoption of attractive marketing strategies by the market players is expected to propel the growth of the global cooktops market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Smart Cooktops Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Gas Cooktop, Induction Cooktop, Hybrid Cooktop), By Number of Burners (Below 3, 3-4, More than 4), By Distribution Channel (Offline, Online), and By Region”, has evaluated the future growth potential of global smart cooktops market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global smart cooktops market.
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