The global Electric Kettle Market size is estimated to reach USD 21.0 billion, by 2025, and is projected to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The advent features including quick boil time, easy connectivity of electric kettle is projected to increase the market growth. The increasing demand for the beverages especially in countries such as the U.S., U.K., and Germany are expected to increase the demand for the product in the next few years.
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Market Synopsis of Electric Kettle Market:
The commercial segment is projected to grow at the CAGR of 5.5%, over the forecasted period. The product is highly used in the hospitality sector which includes restaurants, and hotels. The travel & tourism industry in developing countries such as China, Australia, Japan and India is expected to foster the demand for the product.
In 2018, stainless steel accounted for the sales of USD 7.0 billion in the overall market. The manufacturers in the market are offering highly durable and rigid kettles made by using steel, iron, and glass materials. Plastic kettle is very light in weight and easy to carry, these factors are expected to increase the demand for the product. Additionally, hazardous impacts linked with bisphenol A is projected to encourage the manufacturers in the market. For example, in 2018, JOVEN introduced BPA free kettle called JK1701P.
Asia Pacific dominated the electric kettle market with sales of over USD 7.6 billion, in 2018. The rising consumer spending on the new and advent kitchen appliances is a key factor driving the market growth. According to World Employment and social study, in Asia Pacific employed individual’s number is rose to 23 million by end of 2019.
Leading players in the market include Breville USA, Inc.; Aroma Housewares Company; Conair; Koninklijke Philips N.V.; Groupe SEB; bonavitaworld; Chef's Choice; Cuisinart and others. These players in the market are focusing on product innovations to expand their product portfolio. For instance, Stelton launched kettle with cordless feature called EM77.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-electric-kettle-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Electric Kettle: Market Variables, Trends & Scope
Chapter 4 Electric Kettle: Product Estimates & Trend Analysis
Chapter 5 Electric Kettle: Application Estimates & Trend Analysis
Chapter 6 Electric Kettle: End-use Estimates & Trend Analysis
Chapter 7 Electric Kettle: Industrial End-use Estimates & Trend Analysis
Chapter 8 Electric Kettle: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Electric Kettle: Manufacturers Company Profiles
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The global Electric Rice Cooker Market size is expected to register a revenue of USD 1.1 billion by the end of 2025, according to a new report released by Million Insights.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-electric-rice-cooker-market/request-sample Market Synopsis of Electric Rice Cooker Market: The household application segment held the highest share across the global market in 2018 owing to rising inclination for energy-efficient and convenient cooking electronic appliances.
In addition, stringent rules being implemented by statutory governing bodies for usage of gas connections have paved way for the market growth for such products.
The multifunctional electric cookers segment is expected to register significant growth with a CAGR of 8.3% from 2019 to 2025 owing to its multifunctional usage for processes like baking, boiling, steaming and baking and its technologically advanced features.
Asia Pacific held the largest share exceeding 58% across the global electric rice cooker market in 2018 due to the fact that many countries like India, China, and Japan have rice as their staple food.
Europe is expected to witness a CAGR of 7.9% during the forecasted years.
ReportCrux Market Research has published a new report titled “Cannabis Extract Market Segmented by Product (Tinctures, Oils); by Extract type (Cannabis Isolates, Full spectrum); by Type of nature (Conventional, Organic); by Distribution (Indirect, Direct); by Application (Pharmaceutical, Textile & Paper, Cosmetics and Other) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
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The key factors driving the global market for cannabis extracts include rising legalization of marijuana in various countries for recreational purpose as well medical use, increasing use of marijuana for the treatment of various chronic pain involved diseases, mental disorders, anxiety, depression and many others.
Legalization of marijuana in some countries has helped in declining the black-market sales, as well the tax charged by the government is also helping to create higher revenue opportunities.
This is expected to rise the demand for tinctures in the future and hence is expected to grow at the faster CAGR of 15.6% during the forecast period of 2020 to 2027.
The full spectrum segment dominated the market.
The newest addition to the rich archive of business intelligence reports of Fact.MR is a study on the Global Endoscopic Clips market for the forecast tenure of 2020 to 2026.
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Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4753In this report, various key indicators of market growth, such as value chain, CAGR (Compounded Annual Growth Rate), supply chain analysis, and Year-on-Year (Y-o-Y) growth of the market have been elaborately discussed for better comprehension of the market.
The newly published report on Global “Electric Drivers Market” is highly proficient in providing a basic overview of the industry, which further explains its applications, classifications, and industry chain structure.
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Matrix Converter Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data.
This research report delivers recent developments of major players with their respective market share.
In addition, it also delivers detailed analysis of regional and country market.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global matrix converter market are ABB, ARVI Systems and Controls, Bonfiglioli Transmissions, Hitachi Electric, Hyundai, Mitsubishi Electric, Riello PCI, Samsung, Siemens Electric, Toyo Electric, Yaskawa, and others.
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Also, the rising demand for matrix converters as the protect circuit from overvoltage is further fueling the market growth.
Global Fluid Conveyance System Market Report explores the essential factors of the Fluid Conveyance System market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.
The Global Fluid Conveyance System market has been separated by this report based on the key player's profiles, Type, Application and Regions.A hydraulic system employed for any particular end use is only as capable as the fluid conveyance system it comprises of.
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The global fluid conveyance systems market is expected to grow steadily through the forecast period owing to the rising end-use industry activities.Read More @ https://www.marketwatch.com/press-release/fluid-conveyance-system-market-size-development-key-opportunity-application-gross-revenues-2025-2019-12-05
