Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - CIS

The Electric Kettles market in the CIS region is projected to generate a revenue of US$163.30m in 2024.
According to market forecasts, the segment is expected to experience an annual growth rate of 5.04% between 2024 and 2029 (CAGR 2024-2029).
In terms of global comparison, in China stands out as the leading market for Electric Kettles market, with a projected revenue of US$1,183m in 2024.
This highlights the significant market presence and potential in the country.
When considering the revenue generated in relation to the total number of households, it is estimated that each household will contribute US$2.78 in 2024.
This provides an insight into the average spending on Electric Kettles market per household within the CIS region.
Looking ahead to 2029, the volume of Electric Kettles market sold in the CIS region is expected to reach 7.9m pieces units.
Additionally, it is anticipated that the segment will experience a volume growth rate of 1.6% in 2025.
These figures reflect the increasing demand for Electric Kettles market within the region.
Examining the average volume per household in the Electric Kettles market, it is projected to amount to 0.12pieces units in 2024.
This indicates the average number of Electric Kettles market owned per household within the CIS region.
The demand for electric kettles in the CIS region has been steadily increasing due to the convenience and time-saving benefits they offer in a region known for its love of tea.

Key regions: Indonesia, Worldwide, China, Canada, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.