Smart Rice Cooker Market Size, Share 2024

India Smart Rice Cooker market size was valued at US$ 52.3 million in 2024 and is projected to reach US$ 98.7 million by 2030, at a CAGR of 11.2% during the forecast period 2024-2030.

Advanced rice cookers with features like precise temperature control, multiple cooking modes, and connectivity to mobile apps.

The Indian Smart Rice Cooker market is a rapidly growing niche within the larger kitchen appliance sector, driven by increasing urbanization and the adoption of smart home technologies. Key players include domestic brands like Prestige and Bajaj, alongside international names such as Xiaomi and Panasonic. The market benefits from India's rice-centric cuisine and the growing demand for convenience in cooking. In 2024, multi-function smart cookers that can prepare various dishes beyond rice were the fastest-growing segment. The industry is seeing innovation in cooking algorithms that optimize texture and flavor for different rice varieties. There's growing interest in voice-controlled cookers compatible with smart home ecosystems. Manufacturers are developing cookers with advanced features like induction heating and pressure cooking capabilities. The market is benefiting from the rise of working professionals seeking time-saving kitchen solutions. Challenges include the relatively high cost compared to traditional rice cookers and the need to educate consumers about the benefits of smart cooking technology. As India's smart home market expands and culinary preferences evolve, the Smart Rice Cooker market is expected to see continued strong growth, particularly in urban areas and among tech-savvy consumers.

This report contains market size and forecasts of Smart Rice Cooker in India, including the following market information:

•    India Smart Rice Cooker Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    India Smart Rice Cooker Market Sales, 2019-2024, 2024-2030,

•    India Top five Smart Rice Cooker companies in 2023 (%)

Report Includes

This report presents an overview of India market for Smart Rice Cooker , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Smart Rice Cooker sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Smart Rice Cooker market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Traditional Rice Cooker

•    IH (Induction Heating) Rice Cookers

Segment by Applications

•    Houshold

•    Commercial

Key Companies covered in this report:

•    Bajaj Electricals

•    Philips India

•    Prestige

•    Panasonic India

•    Havells

•    Butterfly

•    Pigeon by Stovekraft

•    Preethi Kitchen Appliances

•    Maharaja Whiteline

•    Usha International

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Smart Rice Cooker revenues in Indian market, 2019-2024 (Estimated), ($ millions)

•    Key companies Smart Rice Cooker revenues share in Indian market, 2023 (%)

•    Key companies Smart Rice Cooker sales in Indian market, 2019-2024 (Estimated),

•    Key companies Smart Rice Cooker sales share in Indian market, 2023 (%)

Key Indicators Analysed

•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

•    Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

•    Opportunities and Drivers: Identifying the Growing Demands and New Technology

•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•    Industry drivers, restraints, and opportunities covered in the study

•    Neutral perspective on the market performance

•    Recent industry trends and developments

•    Competitive landscape & strategies of key players

•    Potential & niche segments and regions exhibiting promising growth covered

•    Historical, current, and projected market size, in terms of value

•    In-depth analysis of the Smart Rice Cooker Market

•    Overview of the regional outlook of the Smart Rice Cooker Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

•    This enables you to anticipate market changes to remain ahead of your competitors

•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents

•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

•    Provision of market value (USD Billion) data for each segment and sub-segment

•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

•    Provides insight into the market through Value Chain

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:

•    Global Smart Rice Cooker Market 

•    United States Smart Rice Cooker Market 

•    Japan Smart Rice Cooker Market 

•    Germany Smart Rice Cooker Market 

•    South Korea Smart Rice Cooker Market 

•    Indonesia Smart Rice Cooker Market 

•    Brazil Smart Rice Cooker Market

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