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Kettle Controls Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR73186
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Based on Technavio's market sizing methodology, the kettle controls market size is predicted to surge by 113.44 million units from 2021 to 2026 at a CAGR of 7.51%.

This kettle controls market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The kettle controls market report offers information on several market vendors, including Lee Industries, Legion Industries Inc., Otter Controls Ltd., and Strix Group Plc among others.

This report further entails kettle controls market segmentations, including:

  • Type - Less regulated and regulated
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

What will the Kettle Controls Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Kettle Controls Market Size for the Forecast Period and Other Important Statistics

 

Kettle Controls Market: Key Drivers, Trends, and Challenges

The rise in the consumption of tea across the world due to its health benefits is notably driving the kettle controls market growth, although factors such as increasing counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the kettle controls industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Kettle Controls Market Driver

  • The rise in the consumption of tea across the world due to its health benefits is one of the key drivers supporting the kettle controls market growth. 
  • Tea is one of the most consumed beverages in the world, mainly because of its health benefits.
  • Due to the busy lifestyles, most people in the developed, as well as the developing economies, are using electric kettles to prepare tea.
  • Kettle controls help in maintaining the temperature of the tea prepared.
  • As consumers have various preferences for their tea, it is easy to maintain its temperature using a controlled kettle. This, in turn, will drive the kettle controls market growth during the forecast period.

Key Kettle Controls Market Trend

  • Continuous new product development is one of the key kettle controls market trends contributing to the market growth.
  • The continuous new product development by the vendors that are investing heavily in R&D is significantly driving the market growth.
  • For instance, various companies have made significant progress in their automation strategy, with a fully automated production line for the U9 series.
  • The upgrades will encourage other vendors to invest heavily in developing advanced products to maintain their position in the market. Therefore, the introduction of new products in the market will support the revenue inflow in the kettle controls market during the forecast period. 

Key Kettle Controls Market Challenge

  • Increasing counterfeit products is one of the challenges limiting the kettle controls market growth. 
  • Chinese companies are introducing inexpensive and low-quality copies of advanced kettle control systems, which are widely being provided across the world to many assemblers.
  • For instance, Strix Group Plc has fought over ten patent disputes in court since 2012. Nearly half of these have been against Chinese companies for copying their kettle controls. 
  • The inexpensive copies are offered in the market without meeting even the minimum standard requirements as per the local regulations.
  • The kettles fitted with counterfeit controls fail to meet the requirements of the relevant international safety standards and are unreliable. The availability of such counterfeit products is a direct threat to the growth of the global kettle controls market. 

This kettle controls market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global kettle controls market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the kettle controls market during the forecast period.

Who are the Major Kettle Controls Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Lee Industries
  • Legion Industries Inc.
  • Otter Controls Ltd.
  • Strix Group Plc

This statistical study of the kettle controls market encompasses successful business strategies deployed by the key vendors. The kettle controls market is concentrated and the vendors are deploying growth strategies such as developing newer technologies and keeping abreast of the emerging technologies that could affect their product lines to compete in the market.

Product Insights and News

  • Lee Industries - The company offers kettle controls that have a unique design with a true hemispherical bottom providing high-efficiency heating and cooling, under the brand name of Lee Industries. 
  • Legion Industries Inc. - The company offers kettle controls that are ideal for stirring and mixing any consistency of food product in large kettles with less effort, under the brand name of Legion.
  • Otter Controls Ltd. - The company offers kettle controls that are designed in accordance with the customers specifications, under the brand name of Otter. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The kettle controls market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Kettle Controls Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the kettle controls market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Kettle Controls Market?

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57% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the kettle controls market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in the penetration rate of local vendors in developing countries such as China, Vietnam, and South Korea will facilitate the kettle controls market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has led to several challenges for the kettle controls market in the region. However, in Q3 of 2021, most countries in this region implemented mass COVID-19 vaccination drives, which helped different industries, including kettle controls manufacturing units, resume their operations. These factors are, in turn, anticipated to fuel the demand for kettle controls in this region during the forecast period.

What are the Revenue-generating Type Segments in the Kettle Controls Market?

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The kettle controls market share growth by the less regulated segment will be significant 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. Furthermore, since the less regulated markets are developing and improved products are being introduced in the market at lower costs, the penetration rate of kettle controls in these markets will increase during the forecast period. These factors are driving the segment growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the kettle controls market size and actionable market insights on post COVID-19 impact on each segment.

 

Kettle Controls Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.51%

Market growth 2022-2026

113.44 mn units

Market structure

Concentrated

YoY growth (%)

6.81

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key consumer countries

US, Canada, China, India, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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, Market condition analysis for 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.

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What are the Key Data Covered in this Kettle Controls Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive kettle controls market growth during the next five years
  • Precise estimation of the kettle controls market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the kettle controls industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of kettle controls market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Less regulated - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Less regulated - Market size and forecast 2021-2026 (million units)
      • Exhibit 29: Data Table on Less regulated - Market size and forecast 2021-2026 (million units)
      • Exhibit 30: Chart on Less regulated - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Less regulated - Year-over-year growth 2021-2026 (%)
    • 5.4 Regulated - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Regulated - Market size and forecast 2021-2026 (million units)
      • Exhibit 33: Data Table on Regulated - Market size and forecast 2021-2026 (million units)
      • Exhibit 34: Chart on Regulated - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Regulated - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type (million units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 (million units)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 (million units)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography (million units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Lee Industries
              • Exhibit 89: Lee Industries - Overview
              • Exhibit 90: Lee Industries - Product / Service
              • Exhibit 91: Lee Industries - Key offerings
            • 10.4 Legion Industries Inc.
              • Exhibit 92: Legion Industries Inc. - Overview
              • Exhibit 93: Legion Industries Inc. - Product / Service
              • Exhibit 94: Legion Industries Inc. - Key offerings
            • 10.5 Otter Controls Ltd.
              • Exhibit 95: Otter Controls Ltd. - Overview
              • Exhibit 96: Otter Controls Ltd. - Product / Service
              • Exhibit 97: Otter Controls Ltd. - Key offerings
            • 10.6 Strix Group Plc
              • Exhibit 98: Strix Group Plc - Overview
              • Exhibit 99: Strix Group Plc - Business segments
              • Exhibit 100: Strix Group Plc - Key offerings
              • Exhibit 101: Strix Group Plc - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 102: Inclusions checklist
                • Exhibit 103: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 104: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 105: Research methodology
                • Exhibit 106: Validation techniques employed for market sizing
                • Exhibit 107: Information sources
              • 11.5 List of abbreviations
                • Exhibit 108: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The kettle controls market growth will increase by $113.44 million units during 2022-2026.
              The kettle controls market is expected to grow at a CAGR of 7.51% during 2022-2026.
              Technavio has segmented the kettle controls market by type (Less regulated and Regulated) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              Lee Industries, Legion Industries Inc., Otter Controls Ltd., Strix Group Plc are a few of the key vendors in the kettle controls market.
              APAC will register the highest growth rate of 56.72% among the other regions. Therefore, the kettle controls market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the kettle controls market growth are:
              • Rise in the consumption of tea across the world due to its health benefits
              • Continuous new product development
              The kettle controls market vendors should focus on grabbing business opportunities from the less regulated segment as it accounted for the largest market share in the base year.
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