Smart Kettle Market size was valued at USD 669.12 million in 2023 and is set to exceed USD 2.88 billion by 2036, registering over 11.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart kettle is evaluated at USD 732.82 million.
The major key factors driving the growth of the smart kettle market include rising penetration of internet of things along with the voice enabled devices. The surge in demand for smart home appliances is the driving demand for variety of kitchen appliances that allows user to connect the electronic devices. One of the popular smart kitchen appliances is smart kettle that comes with advanced features such as wireless communication and intelligent sensors, which in turn, is driving the growth of the market. Further, the rapid upgradations in the technology along with the rising disposable income of consumers are estimated to boost the growth of the market over the forecast period.
Moreover, with IoT environment, smart kettles allow remote controlling access along with voice assisted operations. Moreover, Bluetooth segment is estimated to witness notable growth owing to the new innovations along with its features such as setting of brewing temperature, updates regarding heated water and other features. Hence, these factors are anticipated to drive the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
11.9% |
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Base Year Market Size (2023) |
USD 669.12 million |
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Forecast Year Market Size (2036) |
USD 2.88 billion |
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Regional Scope |
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On the basis of communication protocol, the smart kettle market for smart kettle is segmented into Bluetooth, Wi-Fi, voice enabled and others, out of which, the Wi-Fi segment is anticipated to account for the largest share in the market on the back of introduction of internet of things for smart kettles along the rising popularity of Wi-Fi among consumers. Further, Wi-Fi allows easy integration of smart kettles with operating systems such as android and iOS, which offers convenience to consumers and reduces electricity consumption.
Our in-depth analysis of the global market includes the following segments
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By Communication Protocol |
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By Operating System Type |
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By Power Rating Type |
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By End Users |
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On the basis of regional analysis, the smart kettle market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific industry is expected to account for largest revenue share by 2036, attributed to changing lifestyles and healthy economic growth. Further, presence of fastest growing economies such as India and China are increasing the penetration of smart technologies such as artificial intelligence and voice enabled services in the region. In addition, China offers several smart home appliances owing to the presence of large number of manufacturers in the region which is driving the demand for smart kettles. Moreover, better infrastructural facilities along with the rising consumer spending on kitchen appliances will boost the growth of the market. The regions in North America and Europe are anticipated to witness significant growth in the market on the account of presence of developed economies and rising government initiatives for eco-friendly devices along with increased adoption of smart appliances.
Author Credits: Abhishek Verma
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