The global Electric Kettle Market size was valued at USD 4.96 billion in 2023 and is projected to reach USD 5.36 billion in 2024 and USD 16.7 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2024–2032).
Market Definition and Latest Trends
The Electric Kettle Market encompasses the production, distribution, and sales of electric kettles, which are appliances used to boil water quickly and efficiently. These kettles are widely used in households and commercial settings due to their convenience and energy efficiency. The market is characterized by a variety of products differentiated by material type, capacity, and end-user application.
Recent trends in the Electric Kettle Market include the increasing demand for smart kettles equipped with advanced features such as temperature control, keep-warm functions, and connectivity with smart home systems. Additionally, there is a growing preference for aesthetically pleasing designs and eco-friendly materials, reflecting the broader consumer trend towards sustainability and style.
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Key Opportunity
The key opportunity in the Electric Kettle Market lies in the development and marketing of smart and energy-efficient kettles. As consumers become more environmentally conscious, there is a significant demand for products that reduce energy consumption and offer advanced functionalities. Companies that can innovate and offer high-quality, sustainable products are likely to capture a larger market share.
List of Key Players in Electric Kettle Market
The Electric Kettle Market is highly competitive, with several key players leading the industry:
Aroma Housewares
Conair Hospitality
Hamilton Beach Brands, Inc.
Groupe SEB
Cuisinart
Breville USA
Koninklijke Philips N.V.
Chef’s Choice by EdgeCraft
Spectrum Brands
Bonavita
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Electric Kettle Market Segmentations
By Material Type:
1. Stainless Steel: Known for durability and heat retention.
2. Plastic: Lightweight and often more affordable.
3. Glass: Offers a modern aesthetic and allows users to see the water level.
By Capacity:
1. Less than 1L: Suitable for single users or small households.
2. 1–1.5L: Ideal for medium-sized households.
3. Above 1.5L: Perfect for larger families or commercial use.
By End-User:
1. Residential: Home use, focusing on convenience and design.
2. Commercial: Use in offices, hotels, and other commercial settings, emphasizing durability and capacity.
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Conclusion
The global Electric Kettle Market is poised for substantial growth over the forecast period, driven by increasing consumer demand for convenient and energy-efficient appliances. The market offers significant opportunities for innovation and expansion, particularly in the areas of smart technology and sustainable materials.
Why Straits Research?
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