What Fueled The Previous Growth In The Electric Kettles Market?
The electric kettles market has seen considerable growth due to a variety of factors.
• The electric kettles market has seen solid growth in recent years. It will grow from $4.38 billion in 2024 to $4.65 billion in 2025, at a CAGR of 6.1%.
This growth is driven by changes in consumer lifestyles, heightened health and safety concerns, stronger energy efficiency regulations, improved designs, and rising environmental consciousness.
How Does the Forecast Look for the Electric Kettles Market?
The electric kettles market is expected to maintain its strong growth trajectory in upcoming years.
• The electric kettles market is expected to experience strong growth, reaching $5.81 billion by 2029 at a CAGR of 5.7%.
This growth is attributed to increasing demand for convenience and time-saving, urbanization, and the growing adoption of electric appliances. Trends include product innovations, partnerships, technological advancements, and increased company investments in electric kettles.
What Are The Leading Drivers Of Growth In The Electric Kettles Market?
Rising gas prices are expected to accelerate the growth of the electric kettle market. As gas prices increase due to factors like exchange rate fluctuations and taxes, consumers are seeking more energy-efficient alternatives for boiling water. Electric kettles offer a quick and efficient solution that reduces dependency on gas-powered appliances. For example, in September 2024, the U.S. Energy Information Administration (EIA) reported that the price of midgrade gasoline in 2023 was 52 cents per gallon higher than regular gasoline, with premium gasoline averaging 85 cents more. Therefore, rising gas prices are driving demand for electric kettles.
How Are The Segments Defined Within The Global Electric Kettles Market?
The electric kettles market covered in this report is segmented –
1) By Type: See Through, Opaque
2) By Raw Material: Stainless Steel, Plastic, Glass, Other Raw Materials
3) By Distribution Channel: Offline, Online Stores, Other Distribution Channels
4) By Application: Residential, Commercial
Subsegments:
1) By See Through: Glass Electric Kettles, Plastic Or Glass Hybrid Electric Kettles
2) By Opaque: Stainless Steel Electric Kettles, Plastic Electric Kettles, Other Opaque Material Electric Kettles
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How Are New Trends Impacting The Size Of The Electric Kettles Market?
Companies in the electric kettle market are focusing on innovative products like thermostatic kettles with app connectivity to offer better control and enhanced portfolio. These kettles feature precise temperature control and remote operation via a mobile app. In November 2022, Xiaomi, a China-based technology company, launched the Xiaomi MIJIA Thermostatic Kettle 2 Pro. It features rapid heating, a 1.7-liter capacity, a smart light ring, and is controllable through the MIJIA app, allowing users to adjust temperatures and heat preservation times.
Who Are the Key Players In The Electric Kettles Market?
Major companies operating in the electric kettles market are:
• Siemens AG
• Whirlpool Corporation
• Koninklijke Philips N.V.
• Stanley Black & Decker Inc.
• Electrolux AB
• Groupe SEB SA
• De'Longhi Group
• Breville Group
• Hamilton Beach Brands Inc.
• Braun GmbH
• Aroma Housewares Company
• Chefman LLC
• Conair Corporation
• Sunbeam Products Inc.
• Russell Hobbs Inc.
• Bella Housewares
• Proctor Silex Ltd.
• Gourmia Inc.
• Morphy Richards Limited
• Bodum USA Inc.
• StoreBound LLC
• Brentwood Appliances Inc.
• Sensio Inc.
• Sunbeam Corp.
• Kenwood Limited
What Is The Most Dominant Region In The Electric Kettles Market?
Asia-Pacific was the largest region in the electric kettles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric kettles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
