Smart Home-Based Beverage Machine Market with Future Scope, Demands and Projected Industry Growth by 2026
The demand for smart home-based beverage machine market is expected to grow at a steady pace owing to shifting inclination towards smart technologies coupled with rapid rise in ongoing innovations in kitchen appliances. Smart technologies are finding immense application across both residential and commercial spaces. Several companies across the world are integrating smart solutions to complement their product portfolio.
In the production space, IoT automation is helping food & drink manufacturers to attain remarkable efficiency and other benefits. These benefits include streamlining of workflow and reduced production costs. Tech companies are also introducing new solutions to enhance the functionality of smart beverage machines as well as the whole food and beverage sector.
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Nowadays, with the help of a smartphone app, customers can control smart beverage machines. They also get the option of setting a timer in advance remotely. These convenience features might massively boost new demand in the smart home-based beverage machine market size by 2026.
Slated below are a few of the ongoing trends advancing the smart home- based beverage machine industry:
Escalating demand for smart espresso devices & water machines -
Rising cases of water-borne diseases supported by increasing awareness to adopt water filters to minimize diseases could drive the adoption of smart water machines. Estimates suggest that the segment could witness a CAGR of more than 6% within the predicted timeframe.
As for smart espresso machines, they are one of the most prominent examples of appliances that use automation IoT solutions for enhancing the production of beverages, especially coffee. Numerous smart appliance developers are launching a variety of beverage devices like coffee makers and juicers that come equipped with compatible smart home systems including Google’s Google Home and Amazon’s Alexa.
Promising opportunities across LATAM -
Latin America is considered to be a favorable region for smart home-based beverage machine market makers and is anticipated to record noteworthy growth in the coming years. Factors like improving household disposable income levels and growing consumer inclination towards intelligent home solutions could positively impact regional business outlook.
Adoption of new-age business ideas -
Companies operating in the smart home-based beverage machine market like Breville Group Ltd., Behmor, Inc., BSH Hausgerate GmbH, Coway Co., Ltd., JURA Elektroapparate AG, Koninklijke Philips N.V., Keurig Green Mountain, Inc. Mittemitte GmbH, Lavazza, Hurom Co, and Nestle Nespresso SA are emphasizing on developing and commercializing new technologies at attractive deals on various platforms.
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For instance, The Keurig introduced its K-Cafe special edition coffee maker at a discounted rate of $30 off on Amazon. The K-Cafe is capable of making black coffee, iced lattes and cappuccinos along with regular coffee.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.1. Definitions
1.1.2. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Smart home-based beverage machine market 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
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