Smart Kettle Market Trends

Growth Drivers

• Rising Popularity of Smart Kettles: The popularity of smart kettles among consumes is rising on the back of growth in kitchen appliances industry and changing consumer preferences for energy saving advancements. In addition, the increasing working population and growing trend of virtual kitchens is driving the growth of the market. The technological upgradations make it easier for consumers to control these smart kettles through smart phones. Further, introduction of digital assistant applications such as Amazon echo and improved security & intelligent sensors are increasing the demand for smart kettles. Moreover, in order to save energy, the government is taking initiatives for eco-friendly smart kettles, which in turn, is accelerating the growth of the market. Therefore, these reasons along with the introduction of various aesthetic designs and the user-friendly interface of smart kettles are anticipated to fuel the smart kettle market growth over the forecast period.

Challenges

• Higher Cost of the Product: The aesthetic designing of smart kettles along with the adoption of advanced technologies is making it highly expensive. Further, spending of huge amount of money to develop these smart kettles and high maintenance costs are hampering the demand for smart kettles. Moreover, lack of understanding regarding the benefits of smart kettles over the electric kettles along with the lack of awareness about smart kettles in developing or under-developed countries is expected to hamper the market growth during the forecast period.