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Electric Kettle Market Size And Forecast by 2031
Data Bridge Market Research analyses that the Global Electric Kettle Market which was USD 4.47 Thousand in 2023 is expected to reach USD 6.21 Billion by 2031 and is expected to undergo a CAGR of 4.20% during the forecast period of 2023 to 2031. Electric Kettle Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Electric Kettle Market Segmentation Analysis
Global Electric Kettle Market, By Raw Material (Stainless Steel, Plastic, Glass, and Others), Type (See Through, and Opaque), Capacity (Less than 1L, 1– 1.5L, and Above 1.5L), Application (Residential, and Commercial), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Stores,and Others) – Industry Trends and Forecast to 2031.
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Which are the top companies operating in the Electric Kettle Market?
The “Global Electric Kettle Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Electric Kettle Market extension. This Electric Kettle Market report provides the information of the Top 10 Companies in Electric Kettle Market in the market their business strategy, financial situation etc.
**Segments**
- **Product Type**
- **Corded**: Corded electric kettles are traditionally designed with a cord attached to the base, providing a stable power source while heating water.
- **Cordless**: Cordless electric kettles are portable and convenient, with a detachable base for easy pouring and serving.
- **Material**
- **Stainless Steel**: Stainless steel electric kettles are durable, rust-resistant, and offer a sleek and modern aesthetic.
- **Glass**: Glass electric kettles provide visibility during the boiling process and are easy to clean.
- **Plastic**: Plastic electric kettles are lightweight and come in a variety of colors and designs.
- **Capacity**
- **Less than 1 Liter**: Compact electric kettles suitable for individuals or small households.
- **1-2 Liters**: Standard-sized electric kettles catering to average household needs.
- **More than 2 Liters**: Larger electric kettles ideal for families or commercial use.
**Market Players**
- **Breville Group Limited**: Breville is known for its premium electric kettles with innovative features such as temperature control and rapid boiling technology.
- **Hamilton Beach Brands Holding Company**: Hamilton Beach offers a wide range of electric kettles known for their affordability and user-friendly designs.
- **Koninklijke Philips N.V.**: Philips produces electric kettles that combine elegant aesthetics with advanced functionality, including variable temperature settings and ergonomic handles.
- **Cuisinart**: Cuisinart is a prominent player in the electric kettle market, offering high-quality kettles with customizable temperature presets and rapid heating capabilities.
- **OXO**: OXO's electric kettles are praised for their user-centric designs, featuring intuitive controls and durable construction.
The global electric kettle market is anticipated to witness significant growth during the forecast period, driven by increasing consumer preference for convenience and energy-efficientThe global electric kettle market is poised for substantial growth in the coming years due to a confluence of factors. One of the primary drivers of this growth is the increasing consumer preference for convenience. Electric kettles offer an efficient way to boil water compared to traditional stovetop kettles, saving time and effort for users. The ability to quickly heat water for beverages such as tea and coffee resonates with busy lifestyles, making electric kettles a popular choice for many households worldwide.
Moreover, the focus on energy efficiency is also fueling the demand for electric kettles. With a greater emphasis on sustainability and reducing energy consumption, consumers are turning to electric kettles as an eco-friendly alternative to boiling water. These kettles are designed to heat water rapidly, thereby minimizing energy wastage and lowering electricity costs in the long run. As environmental consciousness continues to rise among consumers, the market for energy-efficient appliances like electric kettles is expected to expand significantly.
In terms of product segmentation, the variety of electric kettles available in the market caters to diverse consumer preferences. Corded electric kettles provide a reliable power source for uninterrupted boiling, while cordless models offer portability and convenience for serving hot beverages anywhere in the house. The choice of materials, including stainless steel, glass, and plastic, allows consumers to select kettles based on durability, aesthetics, and ease of maintenance. Different capacity options further enhance the customization of electric kettles, catering to individual users, small households, or larger families with varying boiling needs.
When examining the market players in the electric kettle industry, it is evident that established brands like Breville, Hamilton Beach, Philips, Cuisinart, and OXO are driving innovation and competition. These companies are known for their focus on product quality, technological advancements, and consumer-centric designs. Breville, for instance, integrates temperature control and rapid boiling technology in its premium electric kettles, appealing to**Market Players**
- Aroma Housewares (U.S.)
- Conair Hospitality (U.S.)
- Hamilton Beach Brands, Inc. (U.S.)
- Groupe SEB (India)
- Cuisinart (U.S.)
- Breville USA (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Chef's Choice by EdgeCraft (U.S.)
- Sai Enterprises (India)
- Impex Webstore.(U.K.)
- SKYLINE HOME APPLIANCES (India)
- lordsindia (India)
- BOSS INDIA (India)
- Troop Comforts Limited (India)
- TTK Prestige Ltd. (India)
- LAZER INDIA PRIVATE LIMITED (India)
The global electric kettle market is undergoing significant growth driven by the increasing consumer inclination towards convenience and energy-efficient appliances. Electric kettles are becoming a popular choice for households worldwide due to their time-saving benefits compared to traditional stovetop kettles. The rising trend of busy lifestyles aligns well with the quick heating capabilities of electric kettles, especially for preparing beverages like tea and coffee promptly, contributing to their widespread adoption.
Furthermore, the market is witnessing a surge in demand for energy-efficient appliances, including electric kettles, as consumers prioritize sustainability and reduced energy consumption. Electric kettles are designed to heat water rapidly, minimizing energy wastage and ultimately leading to cost savings on electricity bills. As environmental awareness grows,
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Research Methodology of Data bridge Market Research:
Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Electric Kettle Market. The research methodology generally involves the following steps:
1. Data Collection
Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.
Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.
2. Market Segmentation and Data Analysis
Segmentation: The Electric Kettle Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Electric Kettle Market segment.
Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.
3. Market Estimation
Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.
Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.
4. Validation
Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.
Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.
5. Report Compilation and Presentation
Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.
Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.
6. Ongoing Updates
Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.
This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Electric Kettle Market.
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