Press release
Smart Oven Market Size, Share, Revenue, Analysis and Forecast 2022-2027
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 is a type of kitchen equipment that combines Bluetooth and Wi-Fi technology with microwave oven functionality to improve communication. 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 introduction of smart ovens with preprogrammed meal recipes-appliances that can automatically preheat the oven to a predetermined temperature and cook for the predetermined amount of time-is now accelerating market expansion. 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.
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Competitive Landscape:
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:
Online
Offline
Breakup by Capacity:
20-25 Litres
26-30 Litres
Above 30 Litres
Breakup by Structure:
Built-in
Countertop
Breakup by Connectivity:
Bluetooth
Wi-Fi
NFC
Others
Breakup by Application:
Residential
Commercial
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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