According to the latest report by IMARC Group, titled, “Electric Kettle Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026″, The global electric kettle market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during the next five years.
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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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 (F&B) 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.
Breakup by Raw Material:
- Stainless Steel
Breakup by Application:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Competitive Landscape with Key Player:
- Aroma Housewares Company
- 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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