Lucintel's latest market report analyzed that smart wine cellar provides attractive opportunities in the residential and commercial industries. The smart wine cellar market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, online is the largest segment by distribution channel, whereas commercial is largest by application.
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Based on distribution channel, the smart wine cellar market is segmented into online and offline. The online segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing online sales of smart wine cellars for coupons for new customers and discounts on online orders for existing club members.
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The Smart Wine Cellar Market is marked by the presence of several big and small players. Some of the prominent players offering smart wine cellar include Whirlpool Corporation, Electrolux AB, Haier, Liebherr-International AG, Dometic Group, BSH Home Appliances Corporation, and Middleby Corporation.
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