Electric Kettle Market Size to Expand at a CAGR of 5% during 2019-2024
the global electric kettle market to grow at a CAGR of around 5% during the next five years.
BriefingWire.com, 4/15/2021 -
According to the latest report by IMARC Group, the Electric Kettle Market grew at a CAGR of around 5% in value terms during the historical period of 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
An electric kettle refers to a kitchen appliance used in boiling water for the instant preparation of tea, coffee, soups, and other beverages. It is manufactured from materials that are good conductors of heat, like metals. As compared to other conventional water heating methods, electric kettle is gaining traction among the modern population in the residential and commercial sectors as it is convenient, portable, time-effective, easy to use, and energy-saving.