(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The "Residential Cooker Hoods - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Residential Cooker Hoods was estimated at US$4.1 Billion in 2023 and is projected to reach US$4.8 Billion by 2030, growing at a CAGR of 2.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The Growth in the Residential Cooker Hoods Market Is Driven by Several Factors
The growth in the residential cooker hoods market is driven by several factors, including rising consumer awareness about indoor air quality and the health benefits of effective kitchen ventilation. The growing trend of modular kitchens and open-concept living spaces has increased demand for aesthetically appealing and functional cooker hoods.
Moreover, technological advancements, such as smart controls and energy-efficient models, are accelerating market adoption. The introduction of stringent energy efficiency standards and regulations regarding indoor air quality is also driving the demand for high-performance cooker hoods. Additionally, the expansion of the home improvement and remodeling sector, especially in urban areas, is further propelling market growth.
What Are the Key Features of Residential Cooker Hoods?
Residential cooker hoods are a critical part of modern kitchens, serving as ventilation systems that remove airborne grease, combustion products, fumes, smoke, and odors from the air. These hoods have become an essential appliance in residential spaces due to their ability to maintain indoor air quality and enhance kitchen aesthetics.
Cooker hoods are available in various designs, such as wall-mounted, island, and under-cabinet models, offering consumers a wide range of options to suit their kitchen layouts and decor preferences. They are equipped with powerful suction fans and filters that trap pollutants, making kitchens safer and more comfortable to use. Some models also come with advanced features like noise reduction technology and energy-efficient LED lighting.
How Are Regulatory Requirements Impacting the Market for Residential Cooker Hoods?
Regulatory requirements regarding indoor air quality and energy efficiency have had a significant impact on the residential cooker hoods market. Governments and environmental agencies, particularly in developed regions, have introduced stringent regulations that encourage the adoption of energy-efficient and environmentally friendly kitchen appliances.
As a result, manufacturers are focusing on developing cooker hoods that not only meet these regulations but also offer superior performance. Cooker hoods with energy ratings and certifications are increasingly sought after by environmentally conscious consumers. In some regions, building codes mandate the installation of ventilation systems in homes, further driving the demand for high-performance cooker hoods.
What Are the Emerging Trends in Cooker Hood Design and Technology?
The residential cooker hoods market has seen significant innovations in terms of design and technology. The rise of smart kitchen appliances has led to the development of cooker hoods with integrated sensors that automatically adjust fan speeds based on the intensity of cooking. Additionally, the growing trend of minimalism in kitchen design has influenced manufacturers to create sleeker, more compact models that blend seamlessly into modern kitchen aesthetics. Innovations such as touchless controls, Wi-Fi connectivity, and app-based monitoring are becoming standard in premium models.
Furthermore, noise reduction technology is a key focus for manufacturers, as consumers increasingly seek quieter appliances that enhance the overall cooking experience.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Chimney / Wall-Mounted Cooker Hoods segment, which is expected to reach US$3.0 Billion by 2030 with a CAGR of a 2.8%. The Island Cooker Hoods segment is also set to grow at 2.4% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 4.6% CAGR to reach $930.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Airone Srl, Asko Appliances AB., Broan NuTone LLC, and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $4.8 Billion |
| Compound Annual Growth Rate | 2.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
Influencer Market Insights World Market Trajectories Impact of COVID-19 and a Looming Global Recession Residential Cooker Hoods - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
Rising Consumer Focus on Indoor Air Quality Drives Demand for Efficient Cooker Hoods Growth of Smart Homes Expands Addressable Market for Intelligent, Connected Cooker Hoods Increased Adoption of Open Kitchen Designs Spurs Demand for Aesthetic and Functional Hoods Technological Advancements in Noise Reduction Strengthen Business Case for Quieter Cooker Hoods Rising Popularity of Modular Kitchens Fuels Innovation in Sleek and Compact Cooker Hood Designs Growing Awareness of Health Benefits from Proper Ventilation Spurs Adoption of High-Capacity Cooker Hoods Expansion of Urban Housing Developments Generates Demand for Affordable, Space-Saving Cooker Hoods Rising Trend of Luxury Kitchen Appliances Accelerates Demand for Premium Cooker Hood Models Increased Focus on Sustainability and Recyclable Materials Spurs Growth of Eco-Friendly Cooker Hoods Advancements in Air Purification Technologies Drive Adoption of Multi-Function Cooker Hoods Rising Influence of Smart Kitchen Appliances Generates Demand for Voice-Controlled and App-Connected Cooker Hoods Expansion of Remodeling and Renovation Projects Boosts Sales of Upgraded Cooker Hoods
FOCUS ON SELECT PLAYERS (Total 42 Featured)
Airone Srl Asko Appliances AB. Broan NuTone LLC Elica SpA Faber Kitchen Appliances Falmec S.p.A. Fisher & Paykel Appliances Ltd. Franke Group Haier Smart Home Co., LTD. KOBE Range Hoods
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Residential Cooker Hoods Market
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