The era of technological modernization began with the advent of smart homes in nations, such as the U.S., the U.K., and developed European countries. The importance of home and household appliances in the lives of the population is a sign of the advancement of the living space. The configuration of modern homes with smart meters as an initiative to build smart cities has boosted the need for energy efficient appliances to be used in households. This has given a gradual rise in the replacement of traditional kitchen appliances with smart kitchen appliances in most developed nations.

The increasing urbanization has also fueled the need for independently operating kitchen appliances, which can be accessed and operated by the consumers based on their convenience. This has been made possible with the extensive internet connectivity, which is present in most of the advanced economies, but is gradually picking pace in developing nations. As a result, the ease in operating and managing kitchens has made smart kitchen appliances an attractive option for consumers who lead a hectic lifestyle.

The smart kitchen appliances are expected to advance technologically, with an increase in the compatibility with smart home appliances, for further opportunities and emerging trend related to Machine-to-Machine (M2M) communication amongst smart appliances. This paves the way to home automation in future generations, which is currently a distant goal for consumers as well as governments.

The partnerships and collaborations strategy has also been significantly employed for the expansion in the smart kitchen appliances market. With the increasing growth in the global market, companies operating in this industry are compelled to come up with collaborative strategies in order to sustain in the intensely competitive market. For instance, in September 2019, Qingdao Haier Co., Ltd partnered with SideChef, a home cooking platform, to provide their users with step-by-step cooking instructions based on inventory available inside refrigerator.

Various government bodies and companies, along with an increase in the exposure to technology, such as smart homes and IoT integration in appliances, are expected to augment the global kitchen appliances market. The increase in the adoption of sophisticated kitchen appliances is necessary to bridge the demand and supply gap along with attaining sustainability in the homes. With the rapid market penetration of the IoT technology and the integration of the same in households, there have been significant enhancements of product offerings in the kitchen appliances segment. The most attractive product in smart kitchen appliances is the smart coffee machine, which is adopted highly in the commercial segment and is gradually gaining traction in the residential sector as a symbol of modernization of kitchens for consumers in the high-income bracket.

The integration or connectivity of smart kitchen appliances with Wi-Fi is currently the most common platform, and this trend is expected to maintain dominance in the market during the forecast period. The ability to connect kitchen appliances with smart home appliances, such as voice-enabled products, requires Bluetooth integration, which many global smart kitchen appliance manufacturers are now implementing.