Smart Kitchen Hood Market to be Dominated by North America Region through 2027
Growing demand for advanced kitchen appliances and
surge in awareness about benefits of fresh air is expected to drive the demand
of the global smart kitchen hood market in the forecast period, 2023-2027.
According to TechSci Research report, “Smart
Kitchen Hood Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027”, the global smart kitchen hood market is anticipated
to grow at a steady rate in the forecast period, 2023-2027. Ventilation is
crucial in the kitchen. A smart kitchen hood consists of superior filtering
technology to eradicate gases and other odors from within the kitchen to
preserve the air quality at homes.
The rise in awareness about the benefits associated
with smart kitchen hoods and the growing preference for eco-friendly kitchens
are the major driving factors influencing the growth of the global smart
kitchen hood market. The ever-increasing working population, increased demand
for convenient cleaning solutions, and quick adoption of advanced technologies
are expected to fuel the global smart kitchen hood market in the forecast
period.
The smart kitchen hood is in high demand among
consumers due to its compact design, ideal for new compact modular kitchens.
The rapid development of residential and commercial buildings is expected to
accelerate the need for smart kitchen hood in the next five years. These hoods
can be fitted under the kitchen cabinets, enabling users to utilize the kitchen
space for other applications efficiently. The growing demand for online food
channels and the changing preference of consumers to eat outside are boosting
the growth of commercial kitchens all over the globe. The rise in commercial
kitchens and the need to efficiently exhaust toxic air to make cooking more
manageable for a longer time is fueling the demand for the installation of
smart kitchen hoods.
However, the presence of alternatives to smart
kitchen hoods and high maintenance costs may restrain the global smart kitchen
hood market growth for the next five years.
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The global smart kitchen hood market is segmented
by type, price range, distribution channel, regional distribution, and company.
On the basis of type, the global smart kitchen hood
market is divided into under cabinet, wall mount, island mount, and others.
Under cabinet smart kitchen hood is expected to hold the largest market share
owing to its easy installation, less cost, and easy availability over its counterparts.
On the basis of the price range, the global smart
kitchen hood market is divided into low, medium, and high. The medium price
segment is expected to account for a significant market share in five years.
The availability of a large number of options for consumers varying based on
size, color, and performance in the medium price range, which is affordable for
the middle-class population, is creating the demand for smart kitchen hood in
developing countries.
On the basis of distribution channel, the global
smart kitchen hood market is divided into offline and online. The offline
segment is expected to hold the largest market share in terms of revenue in the
forecast period due to the presence of offline stores in the close vicinity of
the consumers and offering discounts on the purchase of smart kitchen hoods and
other smart appliances from the offline channels. Leading market players are
opening their specialty stores to make the customers offer their products.
On the basis of regional analysis, the Asia-pacific
region is expected to lead the market and witness substantial growth
opportunities in the next five years. The growing expenditure capacity of
consumers, rapid urbanization, and availability of advanced kitchen appliances
enhancing comfort and safety during cooking are driving the global smart
kitchen hood market growth in the region.
Major market players operating in the global smart
kitchen hood market is:
·
Robert
Bosch Hausgeräte GmbH
·
Samsung
Electronics Co., Ltd
·
General
Electric Company
·
Dacor,
Inc.
·
SEG
Hausgeräte GmbH
·
The
Miele Group
·
Zephyr
Ventilation
·
Somany
Home Innovation Limited (Hindware Appliances)
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“The growing proliferation of fast-food chains, hotels, and
restaurants and the imposition of stringent regulations imposed by leading
authorities regarding cleanliness and hygiene in a commercial kitchen create
growth opportunities for the global smart kitchen hood market. Rising
penetration of innovative technologies in prominent industries such as the
healthcare industry and high-end investments for up-gradation of existing
infrastructure to advanced products and equipment offering a high level of
performance is expected to propel the growth of the global smart kitchen hood
market till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Smart
Kitchen Hood Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027 Segmented By Type (Under Cabinet, Wall Mount, Island Mount,
Others), By Price Range (Low, Medium, High), By Distribution Channel (Offline,
Online), By End Use (Residential, Commercial), and By Region”, has evaluated the future growth
potential of global smart kitchen hood 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 kitchen hood market.
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