The latest report by IMARC Group, titled “Smart Oven Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global smart oven market size reached US$ 211.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 629.7 Million by 2028, exhibiting a growth rate (CAGR) of 20.1% during 2023-2028.
A smart oven is a technologically advanced kitchen appliance that enhances cooking experiences through integrated features and connectivity. It combines traditional oven functionalities with cutting-edge technology, allowing users to achieve precise cooking results while offering greater convenience and control. It utilizes sensors, digital interfaces, and wireless connectivity to revolutionize cooking processes. It often comes equipped with built-in temperature probes and moisture sensors, ensuring that dishes are cooked to perfection. The integration of smartphone apps and voice assistants further empowers users to remotely monitor and adjust cooking settings, providing flexibility in managing their culinary creations. It can offer pre-programmed cooking modes tailored to specific recipes. By accessing a vast database of cooking techniques, these ovens can automatically adjust the temperature, cooking time, and humidity levels for various dishes. This simplifies the cooking process and enhances consistency in achieving delectable results. In addition to its culinary prowess, a smart oven can contribute to energy efficiency by optimizing cooking times and reducing energy consumption. The seamless combination of technology and traditional cooking methods allows users to prepare meals with precision and ease. As a result, the smart oven is gaining immense traction in modern kitchens across the globe, seeking both innovation and delectable outcomes.
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Smart Oven Market Trends and Drivers:
The global smart oven market is primarily driven by the rising demand for smart ovens that offer remote control, preset cooking modes, and seamless connectivity with other devices due to escalating adoption of smart home appliances fueled by the integration of the Internet of Things (IoT) technology. Moreover, the heightening need for kitchen appliances that provide convenience and time efficiency has accelerated the adoption of smart ovens as a desirable solution for consumers seeking versatile cooking options without compromising taste and quality due to changing lifestyles and busy schedules, positively influencing the market growth. Along with this, the emerging trend of culinary exploration and experimentation has augmented the demand for smart ovens with their ability to offer precise temperature control, automatic cooking settings, and access to an extensive recipe database, enhancing users’ cooking experiences. Besides this, the rising emphasis on energy efficiency and sustainability has accelerated the adoption of smart ovens equipped with optimized cooking times and power usage, appealing to environmentally conscious consumers and propelling market growth. Furthermore, numerous advancements in artificial intelligence and machine learning that enable smart ovens to learn user preferences, adapt cooking techniques, and continually enhance their performance, providing a personalized and evolving culinary journey, are contributing to the market growth. Other factors, including increasing urbanization and smaller living spaces, growing interest in healthy cooking options, and rising cooking-centric social media content, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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