Selbyville, Delaware As per the market research report titled ‘Smart Home-Based Beverage Machine Market Size By Product, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global smart home-based beverage machine market is slated to witness noteworthy expansion during 2020-2026.

Research analysts cite that introduction of innovative products by industry partakers, escalating demand for smart technologies such as AI (artificial intelligence), and rising adoption of digital applications across several industries are bolstering the growth of global smart home-based beverage machine market.

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Market players are introducing a wide variety of beverage machines equipped with in-built compatibility with various ecosystems such as Google Home and Alexa which is fueling the industry expansion.

Implementation of IoT (Internet of Things) technologies by food & beverage manufacturers, increasing penetration of automation technologies, and advantageous attributes such as enhanced efficiency and reduced production costs are stimulating the global smart home-based beverage machine market outlook.

Based on product landscape, smart home-based beverage machine industry is fragmented into smart juice machine, smart espresso machine, smart water machine, and smart soda machine. Among these, the smart water machine is projected to register a CAGR of 6% over the forecast period, owing to rising prevalence of water-borne diseases in every part of the world.

Speaking of regional demand, Latin America smart home-based beverage machine market is predicted to emerge as a major revenue generator through 2026. Shifting consumer preference towards intelligent home technologies coupled with rising household disposable incomes are fostering the growth of the regional market.

Prominent organizations that influence the global smart home-based beverage machine industry trends are Huron Co. Ltd., Smart Soda Holdings, Inc., mittemitte GmbH, Luigi Lavazza S.p.A., Kuvings, Koninklijke Philips N.V., Keurig, JURA, Illycaffè S.p.A., De’Longhi S.p.A., Coway Co. Ltd., BSH Hausgeräte GmbH, Breville Group Limited, Bevi, and Behmor Inc.

Question and Answers: Global Smart Home-Based Beverage Machine Market

Q1) Which are the major growth driving factors of global smart home-based beverage machine market?

Answer: Factors such as introduction of innovative products by industry partakers, escalating demand for smart technologies such as AI (artificial intelligence), rising adoption of digital applications across several industries, and implementation of IoT by food & beverage manufacturers are bolstering the growth of global smart home-based beverage machine market.

Q2) Why is Latin America smart home-based beverage machine market slated to rapidly expand through 2026?

Answer: Shifting consumer preference towards intelligent home technologies coupled with rising household disposable incomes are fostering the expansion of Latin America smart home-based beverage machine market over 2020-2026.

Q3) Which players define the global smart home-based beverage machine industry trends?

Answer: Key participants of global smart home-based beverage machine market are Koninklijke Philips N.V., Keurig, JURA, Illycaffè S.p.A., De’Longhi S.p.A., Coway Co. Ltd., BSH Hausgeräte GmbH, Breville Group Limited, Bevi, and Behmor Inc. among others.

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