According to the latest report by IMARC Group, titled, “Smart Oven Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global smart oven market size reached US$ 173.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 531.8 Million by 2027, exhibiting a growth rate (CAGR) of 20.72% during 2022-2027.
A smart oven refers to a type of kitchen appliance that integrates the functioning of microwave ovens with Wi-Fi and Bluetooth for providing enhanced connectivity. Several variants of these ovens are also equipped with flexible cooktops and offer voice control functionality through AI-based assistants, like Google Home and Amazon Alexa. Smart ovens provide improved control by allowing users to remotely adjust the temperature and cooking configurations. They also offer a higher number of cooking modes and cycle settings, that usually range from reheating frozen foods to baking and roasting.
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Smart Oven Market Trends and Drivers:
The emergence of smart ovens that have preset food recipes, wherein the appliances are capable of automatically preheating the oven to a set temperature and cook for the predefined period, is currently augmenting the market growth. With the advent of the Internet of Things (IoT), several mobile applications have gained prominence that can remotely control and monitor smart ovens. Other factors, such as the hectic work schedules of the consumers, increasing penetration of smart devices, improving consumer living standards, the rapid development of smart housing infrastructures, etc., are also propelling the market for smart ovens on a global level.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Breville Group Limited
- Bsh Home Appliances Corporation (Robert Bosch GmbH)
- Electrolux AB
- Haier Group
- LG Electronics Inc.
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Sharp Corporation
- Sub-Zero Group Inc.
- Whirlpool Corporation.
Smart Oven Market Report 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on type, distribution channel, capacity, structure, connectivity and application.
Breakup by Type:
- Single Function
- Multiple Function
Breakup by Distribution Channel:
Breakup by Capacity:
- 20-25 Litres
- 26-30 Litres
- Above 30 Litres
Breakup by Structure:
Breakup by Connectivity:
Breakup by Application:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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