Smart Oven Market Major Drivers, Size, Share Forecast Till 2029

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Smart Oven Market size was valued at US$ 294.7 Mn. in 2022 and the total Smart Oven revenue is expected to grow at 14.2% through 2023 to 2029, reaching nearly US$ 746.7 Mn.

 

Smart Oven Market Overview:

The Smart Oven market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Smart Oven Market, as well as the causes for variances in the industry's growth in various places.

Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

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Drivers:

In the last two years, the market for smart ovens has seen a rise in technological advancements. Recent advances are currently focused on sensor technology advancements, which would allow adaptable smart systems targeting safety. The overall safety of smart ovens during cooking has been improved, thanks to smart sensing. Unsupervised cooking is one of the most common causes of kitchen fires. As a result, improved sensors are now being developed, allowing for the capture of contextual data around the oven alarming for fire hazards to users. In the near future, such safety measures are expected to boost demand for smart ovens over the forecast period.

Segmentation:

by Type

Single Function
Multiple Functions

by Structure

Built-In
Counter Top

by Application

Bluetooth
Wi-Fi
NFC
Others

by Distribution Channel

Online
Offline

by Application

Residential
Commercial

Key Players: The key players are

1.Breville
2.BSH Home Appliances Group
3.Candy Hoover Group S.r.l.
4.Dacor, Inc.
5.Electrolux
6.GE Appliances
7.Haier Inc.
8.June Life Inc.
9.LG Electronics
10.Panasonic
11.Samsung
12.Sharp Corporation
13.Tovala
14.TTK Prestige Ltd
15.Whirlpool
16.Sub-Zero Group, Inc.
17.Alto-Shaam, Inc.
18.Illinois Tool Works Inc.
19.Galanz
20.Midea Group
21.Brandt
22.Moulinex

Middle East & Africa
• Lesaffre Middle East and Africa (United Arab Emirates)
• Puratos Middle East and Africa (United Arab Emirates)
• DSM Food Specialties MEA FZE (United Arab Emirates)

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Smart Oven market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Smart Oven Market: The report also includes a detailed analysis of COVID-19 on the Smart Oven market.

Key Questions Answered in the Smart Oven Market Report are:

  • Which sub-segment had the largest share in the Smart Oven market?
  • How is the competitive landscape of the Smart Oven market in 2020?
  • Which are the key drivers impacting the Smart Oven market growth?
  • Which region holds the maximum share in the Smart Oven market?
  • What will be the CAGR of the Smart Oven market during the forecast period (2021-2027)?

 

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