Global Smart Oven Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Smart Oven Market Overview:
“The global Smart Oven Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart oven market report has been segmented on the basis of type, connectivity, application and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Smart ovens have become a very popular alternative to regular ovens over the last couple of years. A smart oven is referred to oven which is programmed to connect to other smart appliances in order to make cooking quick, easy and hassle free. A smart oven enables to connect to other smart appliances such as phone, phone apps, smart dishwashers, smart microwaves and more. One can give instructions to oven from anywhere through smartphone in order to function without having to give the instructions on the oven itself. Smart ovens are installed with pre-sets for different types of food, which automatically provides faster and smart cooking. It also remembers users setting for next use, saving time and hassle and also comes with self-cleaning function which provides oven with a light clean.
Increasing demand of smart ovens owing to rising demand for ready-to-cook foods and frozen food across the globe is the key factor driving the growth of the market. With the changing lifestyle and busy schedule of consumer’s smart oven helps in daily cooking decisions and saves time along with the ease and convenience of use. Smart home can be controlled through a mobile application which sends real-time status updates to users. The convenience for remote access is one the major factors that drive the demand for smart ovens among consumers. In addition, penetration of smart home and smart appliances is driving the emergence of smart ovens in the consumer durables sector.
The market in North America and Europe are expected to dominate the global smart oven market owing to consumer’s interests toward Internet of things (IoT) enabled devices and smart home concepts coupled with high disposable income. The market in Asia Pacific region is expected to witness an increase in demand for smart ovens owing to increasing urbanization and rising population.
Global Smart Oven Market Segmentation:
Segmentation on the basis of type:
- Single Function
- Multiple Function
Segmentation on the basis of Connectivity:
- Near Field Communication
Segmentation on the basis of application:
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GE Appliances
- LG Electronics
- Breville Group Limited
- Electrolux AB
- Samsung Electronics Co. Ltd.
- Candy Hoover Group S.r.l.
- BSH Home Appliances Corporation
- Dacor, Inc.
- Haier Inc.
- Maestro Food Co.
- Sub-Zero Group, Inc.
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