According to the latest report by IMARC Group, “Electric Kettle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global electric kettle market is expected to exhibit a growth rate (CAGR) of 4.5% during 2023-2028.
What is Electric Kettle?
An electric kettle refers to a kitchen appliance used in boiling water for the instant preparation of tea, coffee, soups, and other beverages. It is manufactured from materials that are good conductors of heat, like metals. As compared to other conventional water heating methods, electric kettle is gaining traction among the modern population in the residential and commercial sectors as it is convenient, portable, time-effective, easy to use, and energy-saving.
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What are the growth prospects and trends in the electric kettle industry?
Rapid urbanization, growing expenditure capabilities, and changing consumer lifestyles are driving the demand for lightweight and cost-efficient electric kettles. Moreover, electric kettles meet energy targets as they prevent electricity wastage by automatically turning off the device after a certain period and encouraging awareness about energy conservation among the consumers, further propelling the market growth. Besides this, the growing number of food and beverage (FB) service channels is also propelling the market growth. Additionally, numerous key players are introducing innovative electric kettles with scheduled heating, adjustable backlight, power consumption monitors, and remote-control features with elevating smart home trend will augment the demand for electric kettles in the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Raw Material:
Stainless Steel
Plastic
Glass
Others
Breakup by Application:
Residential
Commercial
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Aroma Housewares Company
bonavitaworld.com
Breville USA Inc. (Breville Group Ltd)
Chef’s Choice
Electrolux AB
Hamilton Beach Brands Inc.
Koninklijke Philips N.V.
Morphy Richards Ltd
Zhejiang Supor Co. Ltd (Groupe SEB)
Zojirushi America Corporation (Zojirushi Corporation).
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