Why Does the U.S Hold a Major Share of Smart Kitchen Appliance Sales? Global increase in energy demand can be attributed to rise in per capita income of people and increasing number of middle-income families, particularly in countries such as China and India. Increasing cost of fossil fuel is compelling people to save energy to keep a balance on their budgets. Energy-efficient smart kitchen appliances that can reduce energy consumption and save on electricity bills are attracting more and more consumers across the world. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5797 Furthermore, with increasing discussion on climate change and energy conservation, governments are also promoting the use of energy-efficient smart kitchen appliances. Rising demand coupled with high disposable income and favourable regional policies are forecasted to drive growth of the market for energy-efficient smart kitchen appliances in the coming decade. As per a new report published by Fact.MR, the sales of smart kitchen appliances market is anticipated to surge at a CAGR of around 25% over the next ten years (2021 to 2031).
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Market Insights of Smart refrigerators are anticipated to be witness high sales over the coming years.