Online Content Platforms to Drive Smart TV Sales

The deluge of 3D movies and high-resolution entertainment in the form of sports and travel channels has created the demand for smart TVs. According to a study by Google, interested users relied on brand names and sizes to compare prices of TVs. Most of their searches were conducted from smartphones and desktops. Manufacturers have developed high dynamic range-based TVs for consumers prioritizing on resolution. In addition, major content providers and gaming platforms have adopted the technology, compelling TV manufacturers to integrate it with their latest offerings.

Economical Prices of TVs Take Precedence

Different types of smart TVs based on resolution in the market include 4K UHD TV, HDTV, Full HD TV, and 8K TV. The 4K UHD TV segment is anticipated to exhibit a robust growth rate over the forecast period (from 2018 to 2025) due to declining prices of smart TVs. Adoption of quantum dot technology and nanotechnology by major consumer electronics manufacturers can bolster segment demand. In addition, the advent of smart homes is also expected to play a huge role to spur the segment growth. In February 2018, Xiaomi, one of the biggest TV manufacturers, decided to capitalize on the trend by launching its product (Mi TV 4) for Indian consumers through its flagship stores and ecommerce partners. Low prices of these TV sets are enticing customers in buying them.

Future of Advertising

Online content consumption has gained traction due to the presence and growing popularity of over-the-top (OTT) providers such as Netflix. Smart TV manufacturers have been mulling over the possibility of displaying interest-based advertisements based on viewing history. For instance, Samsung is planning on launching its own content channel in the near future by partnering with OTT providers to offer content in desired resolutions.

Market Overview

The global smart TV market is expected to reach at USD 292.55 billion by 2025 growing at a CAGR of 9.5% from 2018 to 2025, according to a report by Grand View Research, Inc. Consumer preference towards LED and QLED TVs is anticipated to be the major disruptor in the industry. Availability of high-speed Internet and launch of streaming devices are predicted to drive the market growth over the coming years. Increased spending on consumer electronics would also influence market demand in the forthcoming years. Key market players include Sony Corporation; LG Electronics, Inc.; Samsung Electronics Co. Ltd.; and Panasonic Corporation

 In-Depth Research Report On Smart TV Market:

https://www.grandviewresearch.com/industry-analysis/smart-tv-industry

Innovative Commercial Kitchen Equipment to Ease Cooking

Rapidly increasing number of commercial food outlets across the globe is anticipated to propel the demand for advanced commercial kitchen equipment, such as ovens and refrigerators. These equipment make it easy for chefs and cooks to fulfill consumer demands, in terms of food taste and cuisines.

New Induction Cooking Equipment to Offer Smart Cooking

Commercial kitchen equipment include induction cooktops, refrigerators, ovens, dishwashers, and several others. The refrigerators segment accounted for 45 % of the overall revenue share in 2016. On the other hand, induction cooktops segment would generate huge revenue in the coming years due to rising demand for energy-efficient kitchen appliances. Most of the companies aim at introducing new and innovative equipment for commercial kitchens.

For instance, Hatco Corp. recently launched a new range of induction-cooking equipment for commercial kitchens called Rapide Cuisine. The new countertop induction range offers low-profile design to support rigorous kitchen jobs. In addition, it also offers pre-set programming capabilities and high-resolution Thin Film Transistor (TFT) display screen to view and adjust cooking temperature. Presently, the company is delivering only single countertop or built-in models; however, it is planning to launch the double countertop units as well.

Market Insights

The global commercial kitchen equipment market is likely to reach USD 112.47 billion by 2025, according to a report by Grand View Research, Inc. Increasing demand for Quick Service Restaurants (QSR) among youth is likely to stimulate the growth of this market over the forecast years (from 2018 to 2025). Increasing number of travelers opting for staying in hotels is also expected to fuel the market development in the next few years. High demand for low-calorie and healthy food products is also likely to have a major impact on the commercial kitchen equipment market expansion.

Rapidly growing international café outlets and Fast Food Chains (FFCs) is anticipated to propel the market demand. Development of railways across various regions, due to rising demand for superior on board facilities, along with expanding tourism sector can also spur market growth. Some of the leading companies offering highly advanced commercial kitchen equipment are Garland Group, Inc.; The Vollrath Company, LLC; G.S. Blodgett Corporation; Middleby Corporation Company; and Bonnet International.

In-Depth Research Report On Commercial Kitchen Equipment Market:

https://www.grandviewresearch.com/industry-analysis/commercial-kitchen-equipment-appliances-market