The Future of Cooking: Analyzing the Growth and Trends in the Smart Kitchen Appliances Market
The global smart kitchen appliances market size is anticipated to reach USD 60.20 billion by 2030, exhibiting a CAGR of 17.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market's main development drivers include factors like rising demand for smart sensors and energy efficiency, increasing home kitchen renovation and reconstruction, a consumer shift toward making homes more technologically advanced with artificial intelligence (AI) assistance, and rising disposable income. Technological advancements and growing demand for smart homes have been significantly driving the growth of the smart kitchen appliances industry. For instance, the smart home concept helps detect a leak in the pipes with a detection tool, which triggers an alert if there is a leak with the help of sensor-based technologies installed in the appliances. With the growing number of young people purchasing homes, there has been a gradual shift...