Press release
Smart Microwave Oven Market International Booming Segments, Investors Seeking Growth, Strategic Business Assessment And Industry Forecast 2023
The global smart microwave oven market is expected to grow from $1.86 billion in 2019 and to $1.91 billion in 2020 at a growth rate of 2.76%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $3.06 billion in 2023 at CAGR of 16.9%.
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The smart microwave oven market consists of sales of smart microwave oven and related products which include Grill Microwave Oven, Convection Microwave Oven, Microwave/Light-wave Oven and more. Smart microwave ovens are programmed to connect to smart appliances such as phone apps, phone, smart dishwashers, smart speakers and more by which instructions to oven can be given through smart phones and without the need for manual instructions. The companies engaged in manufacturing of smart microwave ovens design, manufacture and market smart microwave oven with Bluetooth-, Wi-Fi-enabled, near-field communication and more technologies which enables the consumer to operate the smart device from anywhere for household and business users.
The smart microwave oven is gaining interest among consumers as it is remotely accessed and operated with an user-friendly interface. Most manufacturers smart home appliances can communicate with Alexa, iOS, Droid, Dash, Nest and Google Home through which instructions can be given to the smart oven. The customized and recommended instructions are sent to the microwave oven with a barcode scan which results in perfection of the meals being prepared.
Smart Microwave Oven Market Segmentation: -
By Product Type
1. Grill Microwave Oven
2. Convection Microwave Oven
3. Microwave/Light-wave Oven
4. Others
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Few Points From Table Of Content
1. Executive Summary
2. Smart Microwave Oven Market Characteristics
3. Smart Microwave Oven Market Size And Growth
4. Smart Microwave Oven Market Segmentation
5. Smart Microwave Oven Market Regional And Country Analysis
......
25. Smart Microwave Oven Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Microwave Oven Market
27. Smart Microwave Oven Market Trends And Strategies
28. Smart Microwave Oven Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the smart microwave oven market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the smart microwave oven market are Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG, Robert Bosch, BSH Home Appliances Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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