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IoT Kitchen System Market Share

Report ID: GMI8219
Published Date: Feb 2024
Report Format: PDF

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IoT Kitchen System Market Share

Some key companies include Samsung Electronics Co. Ltd., Panasonic Corporation, LG Electronics Inc., The Middleby Corporation, Electrolux AB, Whirlpool Corporation, Haier Group, BSH Hausgeräte GmbH, Hindware Appliances, NXP Semiconductors, Faststream Technologies, and Tuya Inc. The market is characterized by the presence of many prominent players, which are driving market competition by implementing several strategies focused on long-term market position sustainability.

LG Electronics Inc. held a significant market share in 2023 in the IoT kitchen system industry. Tuya Inc. provides comprehensive development solutions and services for smart kitchen appliances. The company also acts as an enabler for various companies to participate in this growing market.

IoT Kitchen System Market Companies

Major companies operating in the IoT kitchen system industry are:

Samsung Electronics Co., Ltd.
Panasonic Corporation
LG Electronics Inc.
The Middleby Corporation
Electrolux AB
Whirlpool Corporation
Haier Group

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of IoT kitchen system reached USD 20 billion in 2023 and is set to witness 15% CAGR from 2024 to 2032, owing to the rising consumer demand for convenience, personalization, and automation in the culinary space worldwide.

The commercial kitchen segment recorded over 40% market share in 2023, due to its unique requirements for efficiency, productivity, and cost-effectiveness.

North America market held over 30% revenue share in 2023, attributed to consumers increasingly seeking solutions that simplify their lives and save time in the region.

Samsung Electronics Co., Ltd., Panasonic Corporation, LG Electronics Inc., The Middleby Corporation, Electrolux AB, Whirlpool Corporation, and Haier Group, are some of the major IoT kitchen system companies worldwide.