According to the latest report by IMARC Group “Electric Kettle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global electric kettle market is expected to exhibit a CAGR of 4.6% during 2022-2027.
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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
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.
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