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The kettle controls market size is forecast to increase by USD 66.73 million, at a CAGR of 6.55% between 2023 and 2028. The growth rate of the market depends on several factors such as rising demand for smart kettles, increasing use of kettles for commercial applications and growing demand for instant tea makers due to urbanization.
The report includes a comprehensive outlook on the kettle controls market offering market forecasts for the industry segmented by Type, which comprises less regulated and regulated. Additionally, it categorizes Application into corded kettle and cordless kettle and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The market research and growth report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Kettle Controls Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Another key driver in Market forecasting is the rising use of kettles for commercial applications. In commercial spaces, kettles are used for preparing soups, delicate sauces, pasta, gravies, desserts, stews, meats, and rice and for reheating dishes and holding them until serving. Kettles heat from all sides and have a heated surface that is 3-4 times larger than stockpots.
Furthermore, they enable gentle, uniform cooking and fast cooking using high-energy steam. Kettle controls help in precision temperature controls from a simmer to a boil, leaving no hot spots in the kitchen. Thus, the increasing use of kettles for commercial applications will drive the growth of the global kettle controls market during the forecast period.
The kettle controls market is witnessing high traction in MEA. One of the major reasons for this is the growing awareness of the availability of advanced electric kettles for residential and commercial purposes. Since the consumption of tea and coffee is high in these regions, the demand for temperature-controlled and safe kettles is increasing. As a result, vendors offering various advanced kettle controls are venturing into the market to expand their customer base and increase the revenue inflow.
Moreover, major vendors such as Strix Ltd. and Otter Controls Ltd. offer their products in MEA through various distributors. For instance, Termolux S.A. manages the kettle controls market in Turkey for Otter Controls Ltd. As a result, the availability of kettle control products is increasing in MEA, which is driving the demand for kettle controls in the region, which in turn will drive the growth of the market during the forecast period.
Another key challenge in the market is the increasing regulatory and health concerns. The low-quality, inexpensive kettle controls developed by the Chinese manufacturers are adversely affecting consumers' health. This is because of the use of low-quality materials, such as mixed alloys and metals, which can produce toxic reactions with water when heated. Owing to the rising number of issues from consumers and other global vendors in the market, the Chinese government has introduced regulations to improve the quality of such products.
However, most of the prominent vendors have limited supply to commercial kitchens and underdeveloped regions, which is limiting the revenue flow in the market and limiting the entry of new vendors. Thus, the Increasing health concerns due to the poor quality of electric kettles will hamper the growth of the global kettle controls market during the forecast period.
The less regulated segment is estimated to witness significant growth during the forecast period. With the increasing demand for cost-effective products in developing and underdeveloped countries, the less regulated market for kettle controls is likely to have a high growth rate during the forecast period. These markets are more price-competitive and have low standards of regulations, because of which the products lack safety and standards.
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The less-regulated was the largest segment and was valued at USD 99.51 million in 2018. Further, with the growth of the Middle Eastern markets and the rising demand for tea (because of its health benefits), the demand for kettle controls is increasing in EMEA. Since the region has a limited number of regulations, the market is likely to have a high growth rate. The market in China is less regulated, but due to its large size, major kettle manufacturers, such as Koninklijke Philips and Robert Bosch, and many retailers have their production houses in China. The market in China is expected to grow significantly during the forecast period, with numerous global kettle control vendors, such as Strix, venturing into the market. The introduction of new regulations will also support the entry of several global vendors into the market in China, which in turn will drive the growth of the less regulated segment in the market during the forecast period.
Based on the application, the market has been segmented into corded kettle and cordless kettle. The corded kettle?segment will account for the largest share of this segment.? The corded kettle segment in the global kettle controls market plays a significant role in fulfilling the needs of consumers worldwide. Kettles are essential kitchen appliances used for boiling water quickly and efficiently. The corded kettle segment specifically refers to kettles that are powered by a corded electrical connection. Further, with continuous advancements in technology, this segment is expected to grow, which in turn will drive the growth of the kettle controls market during the forecast period.
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APAC is estimated to contribute 48% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the kettle controls market growth analysis during the forecast period. The kettle controls market in APAC is driven by the increase in the penetration rate of local vendors in developing countries such as China, Vietnam, and South Korea. The kettle controls market in Southeast Asia has high growth potential as the consumption of tea is high in these regions. Countries such as China, India, and Sri Lanka are major producers of tea, which leads to the high consumption of different varieties of tea in these countries. As a result, the need for temperature-controlled kettles is growing in this region, which is increasing the demand for kettle controls.
In addition, these countries do not have stringent regulations to produce electrical goods, which is encouraging numerous local vendors to venture into the market with electric kettles and their controls. This is increasing the revenue inflow in the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Lee Industries - The company offers kettle controls with a true hemispherical bottom, ideal for mixing and, with the help of an optional spiral jacket built into the hemisphere, providing high efficiency heating and cooling.
We also have detailed analyses of the market’s competitive landscape and offer information on 5 market companies, including Lee Industries, Legion Industries Inc., Otter Controls Ltd., and Strix Group Plc
Technavio kettle controls market analysis and report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The kettle controls market analysis and the market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Kettle Controls Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.55% |
Market Growth 2024-2028 |
USD 66.73 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.11 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, Canada, China, India, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Lee Industries, Legion Industries Inc., Otter Controls Ltd., and Strix Group Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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