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India Electric Kettle Market Outlook to 2030

Region:Asia

Author(s):Sanjna

Product Code:KROD8041

Published On

December 2024

Total pages

85

About the Report

India Electric Kettle Market Overview

  • The India Electric Kettle market is valued at USD 230 million, driven by increasing urbanization and the demand for quick and efficient heating solutions in homes and commercial settings. The rising disposable income of the Indian middle class, along with the expanding presence of e-commerce platforms, has fueled the adoption of electric kettles, particularly in metro cities. The market also benefits from the growing preference for energy-efficient appliances, as well as the convenience they provide in both households and offices, especially in urban regions.
  • Metro cities like Delhi, Mumbai, and Bangalore dominate the electric kettle market in India, primarily due to their large consumer base and rapid urbanization. These cities have higher purchasing power, and the population tends to favor quick, efficient appliances. The hospitality industry in these cities, along with the growing trend of home-based tea and coffee brewing, has further contributed to the dominance of electric kettles.
  • The Bureau of Energy Efficiency (BEE) has implemented stringent energy efficiency standards for electric appliances, including kettles. As of 2023, electric kettles sold in India must meet specific energy efficiency criteria to receive BEE certification. This regulation is part of the governments broader effort to reduce electricity consumption in households. Manufacturers that comply with these standards are seeing increased consumer trust and demand, positioning energy-efficient electric kettles as a key product category. market overviews

India Electric Kettle Market Segmentation

  • By Product Type: Indias Electric Kettle market is segmented by product type into Smart Electric Kettles, Cordless Electric Kettles, Variable Temperature Kettles, and Travel Kettles. Among these, Cordless Electric Kettles hold a dominant share, mainly due to their ease of use and portability, which resonates well with the modern consumers lifestyle. As these kettles provide flexibility without the need for a constant power connection, they have gained significant traction among both residential and commercial users, particularly in the hospitality sector. market overviews
  • By Material Type: The market is also segmented by material type into Stainless Steel, Plastic, and Glass kettles. Stainless Steel Kettles dominate the market due to their durability, heat resistance, and aesthetic appeal. These kettles are preferred for their longer lifespan and superior build quality, which appeals to consumers seeking long-term solutions. Additionally, stainless steel kettles are widely used in commercial establishments like hotels and offices due to their sturdy design and ability to withstand frequent use. market overviews

India Electric Kettle Market Competitive Landscape

The India Electric Kettle market is dominated by a few key players that have established a strong presence through product innovation, extensive distribution networks, and competitive pricing. Companies like Prestige and Havells lead the market due to their extensive product portfolio and high brand recognition. The competitive landscape is characterized by continuous product innovation, strategic partnerships, and marketing efforts. Major players have been focusing on introducing energy-efficient models and expanding their digital retail presence.

Company Name

Establishment Year

Headquarters

Revenue (USD Bn)

Product Range

Distribution Reach

R&D Investment

Market Strategy

Prestige

1955

Bangalore, India

-

-

-

-

-

Havells India Ltd

1958

Noida, India

-

-

-

-

-

Philips India

1930

Gurgaon, India

-

-

-

-

-

Bajaj Electricals

1938

Mumbai, India

-

-

-

-

-

Morphy Richards India

1936

Mumbai, India

-

-

-

-

-

India Electric Kettle Market Analysis

Growth Drivers

  • Increasing Urbanization: The rising urban population in India is a key driver for the electric kettle market. In 2023, Indias urban population is estimated at 471 million, increasing the demand for quick and efficient kitchen appliances like electric kettles. This migration to urban areas, coupled with an increasing number of nuclear families, is driving the adoption of space-saving and time-efficient appliances. This urban growth spurs the demand for modern appliances, including electric kettles.
  • Rising Disposable Income: Indias per capita income has seen a steady rise, driving demand for premium kitchen appliances. In 2022, Indias per capita income was approximately USD 2,170, as per the World Bank. This increase in disposable income has boosted consumer spending, especially on convenient and time-saving home appliances such as electric kettles. The upper-middle-class segment is increasingly opting for smart, technologically advanced products, which is accelerating the growth of the electric kettle market.
  • Technological Advancements in Smart Kettles: The integration of smart technology in kitchen appliances has revolutionized the electric kettle market. Features such as Wi-Fi connectivity, smartphone app control, and programmable temperature settings are gaining popularity. According to data from the Ministry of Electronics and Information Technology, the smart appliance market in India, including electric kettles, has grown with the proliferation of IoT. In 2023, India saw increased imports of smart home appliances, contributing to the growth of tech-enabled kettles.

Challenges

  • High Energy Consumption: Despite the convenience of electric kettles, energy consumption remains a concern. The average electric kettle consumes 1500 watts per hour, and frequent use can contribute to higher household electricity bills. Data from the Central Electricity Authority of India reports that the average household electricity consumption increased by 5% in 2023, partly due to the use of energy-intensive appliances like electric kettles.
  • Price Sensitivity in Tier II & III Cities: In Tier II and III cities, the cost of electric kettles remains a significant barrier to adoption. These regions are more price-sensitive due to lower disposable incomes. Average monthly household income in these areas is around USD 155.28 making premium electric appliances less affordable. As a result, price sensitivity could limit the electric kettle market's penetration in these regions.

India Electric Kettle Market Future Outlook

India Electric Kettle market is expected to witness significant growth, driven by rising consumer demand for energy-efficient appliances and the growing penetration of smart kitchen products. Expanding urbanization and increased adoption of electric kettles in tier-II and tier-III cities will further accelerate market expansion. Moreover, government regulations focused on energy efficiency and sustainability will contribute to the demand for smart electric kettles.

Market Opportunities

  • Growing Demand in Hospitality Sector: The booming hospitality industry in India presents a significant opportunity for the electric kettle market. The Ministry of Tourism reports that the hospitality sector in India grew by 7% in 2023, with 70,000 new hotel rooms added across various cities. Hotels and guesthouses commonly provide electric kettles as part of their room amenities, increasing demand for such appliances. This growing requirement for electric kettles in the hospitality industry presents a lucrative opportunity for manufacturers to expand their market share in this sector.
  • Shift towards Smart Kitchen Appliances: With the increasing adoption of smart home technologies, the demand for smart electric kettles is rising. Data from the Ministry of Electronics and Information Technology indicates that sales of smart appliances in India grew by 12% in 2023. As more consumers shift towards connected kitchens, there is a substantial opportunity for manufacturers to introduce innovative electric kettles with features such as voice control and app integration.

Scope of the Report

Segment

Sub-Segments

Product Type

Smart Electric Kettles

Cordless Electric Kettles

Variable Temperature Kettles

Travel Kettles

Material Type

Stainless Steel

Plastic

Glass

Distribution Channel

Online

Offline (Retail, Supermarkets, Specialty Stores)

End-User

Residential

Commercial (Hotels, Restaurants, Offices)

Region

North

South

East

West

Products

Key Target Audience

  • Electric Kettle Manufacturers

  • Electric Appliance Distributors

  • Hospitality Industry Players

  • E-commerce Platforms

  • Retail Chains (Future Group, Reliance Retail)

  • Investors and Venture Capitalist Firms

  • Government and Regulatory Bodies (Bureau of Energy Efficiency, Ministry of Power)

  • Commercial Establishments (Hotels, Restaurants, Offices)

Companies

Players Mentioned in the Report

  • Prestige

  • Havells India Ltd

  • Philips India

  • Bajaj Electricals

  • Morphy Richards India

  • Kent RO Systems Ltd

  • Inalsa Appliances

  • Butterfly Gandhimathi Appliances

  • Usha International

  • Orpat Group

Table of Contents

1. India Electric Kettle Market Overview

1.1. Definition and Scope

1.2. Market Taxonomy

1.3. Market Growth Rate

1.4. Market Segmentation Overview

2. India Electric Kettle Market Size (In USD Mn)

2.1. Historical Market Size
2.2. Year-on-Year Growth Analysis
2.3. Key Market Developments and Milestones

3. India Electric Kettle Market Analysis

3.1. Growth Drivers
3.1.1. Increasing Urbanization
3.1.2. Rising Disposable Income
3.1.3. Technological Advancements in Smart Kettles
3.1.4. Convenience of Electric Appliances
3.2. Market Challenges
3.2.1. High Energy Consumption
3.2.2. Price Sensitivity in Tier II & III Cities
3.2.3. Competition from Traditional Kettle Alternatives
3.3. Opportunities
3.3.1. Growing Demand in Hospitality Sector
3.3.2. Shift towards Smart Kitchen Appliances
3.3.3. Expansion of E-commerce Market
3.4. Trends
3.4.1. Adoption of Energy-Efficient Kettles
3.4.2. Growth of Eco-friendly and BPA-free Kettles
3.4.3. Integration of Temperature Control and Safety Features
3.5. Government Regulation
3.5.1. Standards for Energy Efficiency
3.5.2. Consumer Protection Laws
3.5.3. Import Tariffs and Duties on Electrical Goods
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Porters Five Forces Analysis
3.9. Competitive Ecosystem

4. India Electric Kettle Market Segmentation

4.1. By Product Type (In Value %)
4.1.1. Smart Electric Kettles
4.1.2. Cordless Electric Kettles
4.1.3. Variable Temperature Kettles
4.1.4. Travel Kettles
4.2. By Material Type (In Value %)
4.2.1. Stainless Steel
4.2.2. Plastic
4.2.3. Glass
4.3. By Distribution Channel (In Value %)
4.3.1. Online
4.3.2. Offline (Retail, Supermarkets, Specialty Stores)
4.4. By End-User (In Value %)
4.4.1. Residential
4.4.2. Commercial (Hotels, Restaurants, Offices)
4.5. By Region (In Value %)
4.5.1. North
4.5.2. South
4.5.3. East
4.5.4. West

5. India Electric Kettle Market Competitive Analysis

5.1. Detailed Profiles of Major Companies
5.1.1. Prestige
5.1.2. Havells India Ltd
5.1.3. Philips India
5.1.4. Bajaj Electricals
5.1.5. Morphy Richards India
5.1.6. Inalsa Appliances
5.1.7. Kent RO Systems Ltd
5.1.8. Butterfly Gandhimathi Appliances
5.1.9. Orpat Group
5.1.10. Usha International
5.2. Cross Comparison Parameters (Revenue, Market Share, Product Innovations, Customer Base, Employee Count, Geographical Presence, R&D Investments, Strategic Partnerships)
5.3. Market Share Analysis
5.4. Strategic Initiatives (Product Launches, Collaborations, Market Penetration)
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Private Equity Investments

6. India Electric Kettle Market Regulatory Framework

6.1. Energy Efficiency Standards
6.2. Import and Export Regulations
6.3. Compliance with Consumer Safety Standards

7. India Electric Kettle Future Market Size (In USD Mn)

7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth

8. India Electric Kettle Future Market Segmentation

8.1. By Product Type (In Value %)
8.2. By Material Type (In Value %)
8.3. By Distribution Channel (In Value %)
8.4. By End-User (In Value %)
8.5. By Region (In Value %)

9. India Electric Kettle Market Analysts Recommendations

9.1. Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM) Analysis
9.2. Product Positioning and Marketing Initiatives
9.3. Strategic Expansion Opportunities
9.4. White Space Opportunity Analysis

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Research Methodology

Step 1: Identification of Key Variables

In the first phase, we map the key stakeholders in the India Electric Kettle market, including manufacturers, distributors, and consumers. Desk research, using secondary sources such as government publications and industry reports, is conducted to identify the market dynamics and variables that impact growth, product adoption, and consumer preferences.

Step 2: Market Analysis and Construction

Historical data is compiled and analyzed to understand market penetration rates, consumer demand patterns, and revenue generation for different kettle types and materials. This phase also includes studying consumer preferences in different regions and evaluating product sales across various distribution channels.

Step 3: Hypothesis Validation and Expert Consultation

Industry experts from leading electric kettle manufacturers and retailers are consulted through telephonic interviews and surveys. These insights help validate the initial market hypotheses and provide operational insights into consumer behavior and market demand.

Step 4: Research Synthesis and Final Output

In the final phase, the synthesized data is validated against market realities through interactions with key players in the electric appliance market. This ensures that the final report provides an accurate, detailed, and well-rounded analysis of the India Electric Kettle market.

 

Frequently Asked Questions

01. How big is the India Electric Kettle Market?

The India Electric Kettle market is valued at USD 230 million, driven by growing consumer demand for quick and efficient kitchen appliances, especially in urban households and commercial establishments.

02. What are the challenges in the India Electric Kettle Market?

Key challenges in India Electric Kettle market include high energy consumption, the price-sensitive nature of rural markets, and competition from traditional kettles and alternative appliances.

03. Who are the major players in the India Electric Kettle Market?

Major players in India Electric Kettle market include Prestige, Havells India Ltd, Philips India, Bajaj Electricals, and Morphy Richards India, all of which dominate due to their wide product ranges, strong brand presence, and distribution networks.

04. What are the growth drivers of the India Electric Kettle Market?

India Electric Kettle market is driven by increasing urbanization, rising disposable incomes, and the convenience of energy-efficient kitchen appliances. The growing presence of e-commerce platforms also contributes significantly to market growth.

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