Kettle Controls Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, Canada, China, India, Japan - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 142 SKU: IRTNTR73186

Kettle Controls Market 2024-2028

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 Forecasting

Kettle Controls Market Forecast 2024-2028

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Kettle Controls Market Dynamic

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. 

Driver- Increasing use of kettles for commercial applications

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.

Trends- High market traction in MEA

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.

Challenge - Increasing health concerns due to the poor quality of electric kettle

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.

Kettle Controls Market Segmentation by Type, Application, and Geography

Type Segment Analysis:

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.

Application Segment Analysis: 

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.

Regional Analysis

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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.

Who are the Major Kettle Controls Market Companies?

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.  

Segment Overview

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.

  • Type Outlook 
    • Less regulated
    • Regulated
  • Application Outlook 
    • Corded kettle
    • Cordless kettle
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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.

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What are the key data covered in this kettle controls market research report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the kettle controls market between 2024 and 2028
  • Precise estimation of the kettle controls market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming kettle controls market trends and analysis and changes in consumer behavior
  • kettle controls market growth and forecasting across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of kettle controls market companies

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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 Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global kettle controls market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global kettle controls market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Less regulated - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Less regulated - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Less regulated - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Less regulated - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Less regulated - Year-over-year growth 2023-2028 (%)
    • 6.4 Regulated - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Regulated - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Regulated - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Regulated - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Regulated - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Corded kettle - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Corded kettle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Corded kettle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Corded kettle - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Corded kettle - Year-over-year growth 2023-2028 (%)
    • 7.4 Cordless kettle - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Cordless kettle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Cordless kettle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Cordless kettle - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Cordless kettle - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 56: Market opportunity by Application ($ million)
      • Exhibit 57: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 India - Market size and forecast 2023-2028
      • Exhibit 87: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.10 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Lee Industries
              • Exhibit 111: Lee Industries - Overview
              • Exhibit 112: Lee Industries - Product / Service
              • Exhibit 113: Lee Industries - Key offerings
            • 12.4 Legion Industries Inc.
              • Exhibit 114: Legion Industries Inc. - Overview
              • Exhibit 115: Legion Industries Inc. - Product / Service
              • Exhibit 116: Legion Industries Inc. - Key offerings
            • 12.5 Otter Controls Ltd.
              • Exhibit 117: Otter Controls Ltd. - Overview
              • Exhibit 118: Otter Controls Ltd. - Product / Service
              • Exhibit 119: Otter Controls Ltd. - Key offerings
            • 12.6 Strix Group Plc
              • Exhibit 120: Strix Group Plc - Overview
              • Exhibit 121: Strix Group Plc - Product / Service
              • Exhibit 122: Strix Group Plc - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 13.5 List of abbreviations
                • Exhibit 129: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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