The Global Electric Grill Market Growth Accelerated By Increased Adoption Of Smart Electric Grills

 

Electric Grill Market


Electric grills use electricity instead of gas or charcoal to cook food. They offer numerous advantages such as convenience of use, ease of cleaning, and control over temperature. The growing preference for hassle-free grilling solutions is driving the adoption of electric grills among households and restaurants. The global Electric Grill Market is estimated to be valued at US$ 4.53 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The rising popularity of smart electric grills that can be controlled remotely using smartphones or voice assistants is one of the key trends driving market growth. Smart grills allow users to monitor and adjust temperature, timers and other cooking settings from anywhere using dedicated apps. They offer 'set it and forget it' convenience along with remote monitoring and control capabilities. Manufacturers are increasingly focusing on integrating connectivity features in grills to capitalize on the increasing adoption of smart home appliances. The availability of WiFi and Bluetooth enabled electric grills that can be operated hands-free using voice commands is expected to further accelerate market expansion over the forecast period.

Segment Analysis
Electric grills can be broadly categorised into two primary segments - indoor electric grills and outdoor electric grills. Indoor electric grills are dominating the electric grill market currently due to their convenience of use within homes and apartments without producing smoke. Indoor electric grills do not require pre-heating and can be easily cleaned after use due to absence of fat and grease dripping, which makes them very popular amongst homeowners and professionals like chefs.

Key Takeaways
The global Electric Grill Market Analysis is expected to witness high over the forecast period of 2023 to 2030. Regional analysis suggests that North America currently dominates the electric grill market and is expected to continue its dominance due to high consumption of grilled foods and increasing health awareness amongst population. Key players like Yara International ASA, The Mosaic Company, Nutrien Ltd., BASF SE operate in the electric grill market.

Regional analysis
North America holds the largest share in the electric grill market currently. Easy availability of various electric grill models along with cultural preference for grilled foods amongst population in countries like USA and Canada is driving the demand. Further, consumers are increasingly opting for easy to use and smoke-free electric grills over traditional gas or charcoal grills. Asia Pacific is expected to witness fastest growth due to rising health conscious population in countries like India and China.

Key players
Key players operating in the electric grill market are Yara International ASA, The Mosaic Company, Nutrien Ltd., BASF SE. These companies are focusing on developing innovative electric grill models with advanced features like adjustable temperature controls and easy cleanup functions to further drive the market growth. Nutrien Ltd., formed from the merger of Agrium Inc. and Potash Corporation of Saskatchewan, has a significant presence across various segments including electric grill market.

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