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By 2030, experts predict that the global market for smart ovens will have grown at a CAGR of 14.73 percent, to a total value of $746.10 million. A smart oven is a type of oven that can communicate with other smart appliances in your home to help you save time, energy, and effort in the kitchen. A smart oven may be able to connect with other smart home equipment such as your phone, phone apps, Amazon's Alexa, smart dishwashers, smart microwaves, and more. Smart ovens provide presets for various food types, allowing for more efficient and well-informed cooking.
What we now call "smart ovens" are high-tech, Internet-connected ovens. Internet connectivity, sensors, and automation combine in these ovens to make cooking easier and more convenient. With a smart oven, users can check in on their cooking from far away and make adjustments using an app on their smartphone. Smart ovens simplify and streamline the cooking process by often including pre-made food, cooking instructions, and automatic settings.
Concerns about privacy and security will naturally arise as smart ovens become more connected and exchange more data. Concerns regarding data security and privacy are heightened by the fact that internet-connected devices can be susceptible to cyber attacks and inaccessibility. These worries have the potential to serve as a restriction, halting product acceptance and slowing market expansion throughout the predicted time frame.
A "smart oven," which is an oven that can talk to other smart appliances in your home, allows users to cook more quickly, accurately, and efficiently. Your smartphone, phone apps, Amazon's Alexa, smart dishwashers, smart microwaves, and possibly many more smart household appliances might all talk with one another if you purchased a smart oven. This means that you can command a single oven from a remote location instead of physically being present at the appliance. While you're at the office, you may use your smartphone to preheat the oven so that dinner is ready when you return home. As a result of their pre-sets for multiple cooking processes, smart ovens also offer smarter, quicker, and more even cooking.
Pizza, toast, baking, broiling, and slow cooking, to name a few, will each have their own dedicated button. The term "smart oven" refers to an electric range that can pair with a smartphone via Wi-Fi or Bluetooth. With this program, users can command their gadgets from afar or program them to perform certain tasks automatically. Some of them might even be able to communicate with other smart home gadgets and respond to voice commands, like the Google Home or the Amazon Echo. Smart ovens are similar to conventional ovens in that they heat food quickly, but they may also feature induction burners and adjustable cooktop designs.
Smartphones allow users to control the oven from afar, including changing the temperature, preheating it, and turning it off. Additionally, digital platforms such as Yummly, a digital application for food and recipes, can be linked to smart ovens. Smart ovens may automatically read instructions from such platforms and perform duties such as preheating, cooking food as per the prescribed time, and then switch itself off based on instructions. The fact that smart ovens make their users' lives easier is a major factor in the industry's expansion.
In the previous two years, there has been a proliferation of cutting-edge improvements in the smart ovens market. Recent efforts are focused on improving sensor technology to enable flexible smart systems with a focus on security. The clever sensing technology implemented in modern ovens has greatly improved their overall safety. One major cause of kitchen fires is careless cooking that is left unattended. Therefore, cutting-edge sensors are currently being developed, allowing consumers to acquire contextual data regarding oven alarms for fire threats. The forecasted prediction anticipates that these kind of safety measures would further strengthen demand for smart ovens.
The smart ovens market is expanding due to rising consumer demand for faster and healthier food preparation. Food cooked in a smart oven is ready in minutes and still retains its flavor and nutritional value. Smart ovens are energy efficient and equipped with different healthy cooking options, which caters to the ever-changing wants of customers. In addition, the growing popularity of internet-connected appliances has opened up plenty of new chances for expansion and profit for the businesses already present in the sector.
Report Coverage
Global Smart Oven research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Oven report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Oven competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Oven market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Oven market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Oven market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tovala, HITACHI, LTD, June Life Inc, Electrolux AB (Sweden), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Haier Smart Home Co., Ltd (China), LG Electronics Inc. (Korea), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Samsung Electronics Co. Ltd. (Korea), Sub-Zero Group Inc. (US), QINGDAO HAIER CO., LTD.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Oven market based on the below-mentioned segments:
Global Smart Oven Market, By Type
Built In
Counter Top
Global Smart Oven market, By SALES CHANNEL
Offline Channels
Online Channels
Global Smart Oven Market, By End User
Residential
Commercial
Global Smart Oven market, Regional Analysis
What we now call "smart ovens" are high-tech, Internet-connected ovens. Internet connectivity, sensors, and automation combine in these ovens to make cooking easier and more convenient. With a smart oven, users can check in on their cooking from far away and make adjustments using an app on their smartphone. Smart ovens simplify and streamline the cooking process by often including pre-made food, cooking instructions, and automatic settings.
Concerns about privacy and security will naturally arise as smart ovens become more connected and exchange more data. Concerns regarding data security and privacy are heightened by the fact that internet-connected devices can be susceptible to cyber attacks and inaccessibility. These worries have the potential to serve as a restriction, halting product acceptance and slowing market expansion throughout the predicted time frame.
A "smart oven," which is an oven that can talk to other smart appliances in your home, allows users to cook more quickly, accurately, and efficiently. Your smartphone, phone apps, Amazon's Alexa, smart dishwashers, smart microwaves, and possibly many more smart household appliances might all talk with one another if you purchased a smart oven. This means that you can command a single oven from a remote location instead of physically being present at the appliance. While you're at the office, you may use your smartphone to preheat the oven so that dinner is ready when you return home. As a result of their pre-sets for multiple cooking processes, smart ovens also offer smarter, quicker, and more even cooking.
Pizza, toast, baking, broiling, and slow cooking, to name a few, will each have their own dedicated button. The term "smart oven" refers to an electric range that can pair with a smartphone via Wi-Fi or Bluetooth. With this program, users can command their gadgets from afar or program them to perform certain tasks automatically. Some of them might even be able to communicate with other smart home gadgets and respond to voice commands, like the Google Home or the Amazon Echo. Smart ovens are similar to conventional ovens in that they heat food quickly, but they may also feature induction burners and adjustable cooktop designs.
Smartphones allow users to control the oven from afar, including changing the temperature, preheating it, and turning it off. Additionally, digital platforms such as Yummly, a digital application for food and recipes, can be linked to smart ovens. Smart ovens may automatically read instructions from such platforms and perform duties such as preheating, cooking food as per the prescribed time, and then switch itself off based on instructions. The fact that smart ovens make their users' lives easier is a major factor in the industry's expansion.
In the previous two years, there has been a proliferation of cutting-edge improvements in the smart ovens market. Recent efforts are focused on improving sensor technology to enable flexible smart systems with a focus on security. The clever sensing technology implemented in modern ovens has greatly improved their overall safety. One major cause of kitchen fires is careless cooking that is left unattended. Therefore, cutting-edge sensors are currently being developed, allowing consumers to acquire contextual data regarding oven alarms for fire threats. The forecasted prediction anticipates that these kind of safety measures would further strengthen demand for smart ovens.
The smart ovens market is expanding due to rising consumer demand for faster and healthier food preparation. Food cooked in a smart oven is ready in minutes and still retains its flavor and nutritional value. Smart ovens are energy efficient and equipped with different healthy cooking options, which caters to the ever-changing wants of customers. In addition, the growing popularity of internet-connected appliances has opened up plenty of new chances for expansion and profit for the businesses already present in the sector.
Report Coverage
Global Smart Oven research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Oven report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Oven competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Oven market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Tovala, HITACHI, LTD, June Life Inc, Electrolux AB (Sweden), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Haier Smart Home Co., Ltd (China), LG Electronics Inc. (Korea), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Samsung Electronics Co. Ltd. (Korea), Sub-Zero Group Inc. (US), QINGDAO HAIER CO., LTD. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Smart Oven Market from 2021 to 2030.
- Market Forecast for Smart Oven Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Smart Oven competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Smart Oven
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Oven market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Oven market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tovala, HITACHI, LTD, June Life Inc, Electrolux AB (Sweden), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Haier Smart Home Co., Ltd (China), LG Electronics Inc. (Korea), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Samsung Electronics Co. Ltd. (Korea), Sub-Zero Group Inc. (US), QINGDAO HAIER CO., LTD.
Primary Target Market
- Market Players of Smart Oven
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Oven market based on the below-mentioned segments:
Global Smart Oven Market, By Type
Built In
Counter Top
Global Smart Oven market, By SALES CHANNEL
Offline Channels
Online Channels
Global Smart Oven Market, By End User
Residential
Commercial
Global Smart Oven market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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