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

Industry : Consumer Goods and Retail
Pages : NA
Published Date : NA

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Summary

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Report Description

The global smart cooktops market is anticipated to witness a growth of steady CAGR during the forecast period, 2023-2027. High internet penetration, the proliferation of smart devices, and growing awareness about the use of smart cooktops and the development of smart infrastructure in developed and developing countries are driving the growth of the global smart cooktops market.

Smart cooktops connect with the smart home network, including other smart devices like smart microwaves, smart refrigerators, smart dishwashers, and use advanced cooking technology to enhance the cooking experience for more even cooking. Smart cooktops can be accessed through smartphones or other smart devices to enter the instructions without needing to go physically near the smart cooktop. These often use Bluetooth and Wi-Fi technology to send information over the internet to a smart cooktop.

Adoption Of Quality Lifestyle and Growing Disposable Income Fuels Market Growth

Ongoing economic transformations are going around the globe increase consumers' purchasing capacity to afford the improved lifestyle. In developing economies, rapid urbanization and industrialization make consumers adopt advanced technologies and equipment to experience comfort and convenience while indulging in household chores like cooking. The launch of initiatives for digital transformation and the construction of smart cities by the leading authorities is expected to upgrade the existing infrastructure and make the system compatible to adjust according to new technologies is expected to create a market for the growth of smart cooktops. Market players are investing in research and development activities to develop innovative technologies and introduce smart products with user-friendly features to attract more customers and boost their sales. The United States is expected to witness huge sales of smart cooktops due to major market players and consumers' high per capita income.

Rising Awareness About Benefits of Using Smart Technology Boosts Market Growth

The global cooktops market is expected to grow at a CAGR of over 7% during 2022-2027. And with the launch of advanced products, global smart cooktops are expected to grow rapidly. Smart cooktops allow consumers to give instructions via texting or by using the voice. The cooktop is adjusted according to the required temperature and can be turned off by smartphone. A smart stove offers a customizable cooktop that can accommodate any dish, pan, or pot. Gas cooktop allows selecting the best cooking precision, while induction cooktop offers attractive features to provide the best cooking experience for consumers. The global induction cooktops market stood at near USD15 billion in 2020. Smart cooktop learns the cooking habits of consumers over a while and sends notifications or alerts when the smart cooktop is on for longer than usual. Smart cooktops use geofencing technology to find the smartphone location, indicating whether you have left home without turning off the smart cooktop and alerts to turn off the stove to prevent the spread of accidental fire. Smart cooktops provide a cost-effective solution to consumers and offer several advantages over conventional cooktops, which is expected to boost the growth of the global smart cooktops market in the forecast period.

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Market Segmentation

The global smart cooktops market is segmented by type, number of burners, distribution channel, regional distribution, and competition landscape. Based on the type, the market is divided into gas cooktop, induction cooktop and hybrid cooktop. Based on the end use, the market is divided into below 3, 3-4 and more than 4. Based on the distribution channel, the market is bifurcated into offline and online. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.

Market Players

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), are among the major market players in the global platform that lead the market growth of the global smart cooktops market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Thousand Units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Type · Number of Burners · Distribution Channel
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa;
Key companies profiled	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)
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global smart cooktops market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Smart Cooktops Market, By Type:

Gas Cooktop
Induction Cooktop
Hybrid Cooktop

Smart Cooktops Market, By Number of Burners:

Below 3
3-4
More than 4

Smart Cooktops Market, By Distribution Channel:

Offline
Online

Smart Cooktops Market, By Region:

North America

United States
Canada
Mexico

Europe

France
Germany
United Kingdom
Italy
Spain

Asia-Pacific

China
India
Japan
South Korea
Australia

Middle East & Africa

§ UAE

§ Saudi Arabia

§ South Africa

o South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart cooktops market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global smart cooktops market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Factors Influencing Purchase Decision

4.3. Sources of Information

4.4. Challenges Faced Post Purchase

5. Global Smart Cooktops Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Gas Cooktop, Induction Cooktop, Hybrid Cooktop)

5.2.2. By Number of Burners (Below 3, 3-4, More than 4)

5.2.3. By Distribution Channel (Offline, Online)

5.2.4. By Region

5.2.5. By Company (2021)

5.3. Market Map (By Type, By Number of Burners, By Distribution Channel, By Region)

6. North America Smart Cooktops Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Number of Burners

6.2.3. By Distribution Channel

6.2.4. By Country (United States; Canada; Mexico and Rest of North America)

6.3. North America: Country Analysis

6.3.1. United States Smart Cooktops Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Number of Burners

6.3.1.2.3. By Distribution Channel

6.3.2. Canada Smart Cooktops Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Number of Burners

6.3.2.2.3. By Distribution Channel

6.3.3. Mexico Smart Cooktops Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Number of Burners

6.3.3.2.3. By Distribution Channel

7. Europe Smart Cooktops Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Number of Burners

7.2.3. By Distribution Channel

7.2.4. By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

7.3. Europe: Country Analysis

7.3.1. France Smart Cooktops Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Number of Burners

7.3.1.2.3. By Distribution Channel

7.3.2. Germany Smart Cooktops Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Number of Burners

7.3.2.2.3. By Distribution Channel

7.3.3. United Kingdom Smart Cooktops Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Number of Burners

7.3.3.2.3. By Distribution Channel

7.3.4. Italy Smart Cooktops Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Number of Burners

7.3.4.2.3. By Distribution Channel

7.3.5. Spain Smart Cooktops Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Number of Burners

7.3.5.2.3. By Distribution Channel

8. Asia-Pacific Smart Cooktops Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Number of Burners

8.2.3. By Distribution Channel

8.2.4. By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

8.3. Asia-Pacific: Country Analysis

8.3.1. China Smart Cooktops Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Number of Burners

8.3.1.2.3. By Distribution Channel

8.3.2. India Smart Cooktops Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Number of Burners

8.3.2.2.3. By Distribution Channel

8.3.3. Japan Smart Cooktops Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Number of Burners

8.3.3.2.3. By Distribution Channel

8.3.4. South Korea Smart Cooktops Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Number of Burners

8.3.4.2.3. By Distribution Channel

8.3.5. Australia Smart Cooktops Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Number of Burners

8.3.5.2.3. By Distribution Channel

9. Middle East and Africa Smart Cooktops Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Number of Burners

9.2.3. By Distribution Channel

9.2.4. By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

9.3. MEA: Country Analysis

9.3.1. UAE Smart Cooktops Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Number of Burners

9.3.1.2.3. By Distribution Channel

9.3.2. Saudi Arabia Smart Cooktops Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Number of Burners

9.3.2.2.3. By Distribution Channel

9.3.3. South Africa Smart Cooktops Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Number of Burners

9.3.3.2.3. By Distribution Channel

10. South America Smart Cooktops Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Number of Burners

10.2.3. By Distribution Channel

10.2.4. By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3. South America: Country Analysis

10.3.1. Brazil Smart Cooktops Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Number of Burners

10.3.1.2.3. By Distribution Channel

10.3.2. Argentina Smart Cooktops Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Number of Burners

10.3.2.2.3. By Distribution Channel

10.3.3. Colombia Smart Cooktops Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Number of Burners

10.3.3.2.3. By Distribution Channel

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Company Profiles

13.1.1. Company Details

13.1.2. Financials (As reported)

13.1.3. Key Market Focus and Geographical Presence

13.1.4. Pricing of Target Products

13.1.5. Market positioning

13.2. Samsung Electronics Co., Ltd.

13.3. GE Appliances, a Haier company

13.4. BSH Home Appliances Corporation

13.5. Whirlpool Corporation

13.6. Electrolux Home Products, Inc.

13.7. LG Electronics Inc.

13.8. BuzzFeed, Inc. (one Top)

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the major market players operating in the global smart cooktops market?

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) are the major market players of the global smart cooktops market.

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Press Release

Smart Cooktops Market to be Dominated by Offline Sales Channel through 2027

Feb, 2022

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.