Smart Kettle Market to Revolutionize Home Brewing with a CAGR of 7.2% by 2030
According to a new report published by MarkWide Research, titled, “Smart Kettle Market,” the global market for smart kettles is expected to experience significant growth. Smart kettles are equipped with advanced features, making boiling water and brewing beverages more convenient.
The report reveals that the global smart kettle market is projected to witness a robust CAGR of 7.2% over the forecast period from 2023 to 2030. This growth is driven by the increasing demand for connected home appliances, the desire for energy-efficient devices, and innovations in kettle technology.
Key Findings from the Report:
- Connected Home: Smart kettles are part of the growing trend of connected and automated home appliances.
- Convenience: They offer features such as remote control, temperature settings, and compatibility with voice assistants.
- Energy Efficiency: Smart kettles are designed to save energy and reduce electricity consumption.
- Beverage Brewing: They cater to the needs of tea and coffee enthusiasts with precise temperature control.
- Global Consumer Base: The market targets consumers worldwide who seek convenience in their daily routines.
Market Forecast:
The report indicates that the global smart kettle market is currently valued at $1.2 billion in 2023 and is projected to reach $2.2 billion by 2030, with a CAGR of 7.2% during the forecast period. North America and Europe are expected to be key regions for market growth, driven by tech-savvy consumers.
Company Profiles:
Key players in the global smart kettle market include Smarter Applications Ltd., Xiaomi Corporation, and Breville Group Limited. These companies specialize in manufacturing smart kettles with advanced features.
Conclusion:
The global smart kettle market is set for significant growth, driven by the increasing demand for convenience, energy efficiency, and connected home appliances. With a projected CAGR of 7.2% by 2030, this market offers opportunities for manufacturers to cater to the needs of tech-savvy consumers.