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Smart Ovens Market Future Adoption Overview 2029

06-01-2021 08:11 AM CET | Industry, Real Estate & Construction

Press release from: TMR Research

TMR Research

TMR Research

Global Smart Ovens Market: Overview
Smart ovens have attracted the attention of wide range of population from developed and developing countries due to their unique feature that allows for their remote operation. The growing number of working women in worldwide population has pushed them to see various options that will permit them to cook food instantly in less time. Moreover, today’s millennial population is conscious about the eating habits. This alertness has triggered the need for smarter ways to cook healthy food.

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Various product types in the smart ovens market are built-in smart ovens and countertop smart ovens. Furthermore, the key sales channels for these appliances are offline and online.

Global Smart Ovens Market: Growth Dynamics
Technological advancements in smart oven is one of the key drivers for the development of the market. The ability of smart ovens to receive, process, and transmit information using smartphones is one such technological advancements that have pushed the demand. Moreover, these products can connect with digital platforms such as Yummly, which offers more convenience to users in operating them distantly. For instance, the user can carry out various activities such as preheat, cook food according to instructed time, and switch the smart oven off on the instructed time using these digital platforms. In addition, the smart ovens market is projected to witness growth due to improved safety options incorporated in these appliances. The incorporation of advanced sensing technology in smart ovens shuns the possibility of kitchen fire, an occurrence which is mostly due to unmonitored cooking activities.

Furthermore, smart ovens can cook food in less time. At the same time, they maintain the high nutritional value of the food. These qualities have encouraged the majority of health conscious people across the world to use these products over other conventional methods to cook food. In addition to this, rise in number of people preferring the connected home appliances has triggered the demand for smart ovens. Moreover, the key quality of smart ovens of being energy efficient is opening the way for the development of global smart ovens market in emerging economies.

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Global Smart Ovens Market: Notable Development
The global smart ovens market holds tremendous growth opportunities due to the innovations introduced by the market players in it. Some major companies have recently engaged in partnership activities to offer highly advanced kitchen appliances. For instance, LG recently announced that it is partnering with Tovala, which is a Chicago based startup. Through this partnership, smart ovens form LG will be able to scan the food using Tovala’s software. Such partnerships are projected to help in the expansion of the market growth.

Moreover, the market holds promising growth due to growing preference of worldwide population to use smart appliances. This trend is pushing numerous key companies to advance their products by incorporating cutting-edge technologies. For instance, Whirlpool lately announced the development of a smart and wire-free thermometer. The unique probes of latest thermometers by the firm allow monitoring the oven’s temperature as well as food in it with the help of Yummly mobile application.

Some of the important players in the global smart ovens market are

June Life Inc.
Sharp Corporation
AB Electrolux
Tovala
LG Electronics
Panasonic Corporation
Samsung Electronics Co. Ltd.
Qingdao Haier Co., Ltd. (Haier)
Hitachi, Ltd
Whirlpool Corporation
Global Smart Ovens Market: Regional Assessment
Among various key regions, Asia Pacific is expected to show promising growth in the smart ovens market. The key reason for this growth is said to be the increased use of technology-assisted appliances in this region. Moreover, various key companies in the region are taking initiatives to launch IoT-based smart ovens. In addition to this, smart ovens are easily available for online purchase, which is one of the most significant reasons boosting their demand.

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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