Smart Ovens Market Research Report —Forecast till 2030

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The Worldwide Smart Oven Market is projected to enroll a CAGR of 13.73% and arrive at a worth of USD 746.00 million by 2030. Smart ovens give pre-sets to various food sorts, empowering speedier and more educated cooking.

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Smart Ovens Market Research Report —Forecast till 2030

Market Overview

The Worldwide Smart Oven Market is projected to enroll a CAGR of 13.73% and arrive at a worth of USD 746.00 million by 2030. Smart ovens give pre-sets to various food sorts, empowering speedier and more educated cooking. Moreover, it has a self-cleaning capacity and saves time and exertion by recalling the client’s inclinations for resulting utilization. Expanded interest in smart ovens because of rising interest in frozen food and prepared-to-cook food varieties worldwide is the fundamental explanation filling the market’s development. A smart oven can assist with ordinary cooking choices, save time, and give the comfort of purpose given the developing lives and occupied timetables of the present shoppers.
The key elements driving the development of the worldwide smart oven market are the rising organization of IoT in kitchen machines and the developing reception of energy-saving items in smart homes. A smart house can be overseen through a smartphone application that furnishes clients with constant status data. The simplicity of remote access is one of the principal factors impacting purchaser longing for smart ovens. Also, the reception of smart homes and smart machines is energizing the development of smart ovens in the purchaser durables industry.

Segment Overview

The market for smart ovens has been divided into single-function and multiple-function products based on type. The global market for smart ovens has been divided into segments based on connectivity, including Bluetooth, Wi-Fi, NFC, and Others. The global market for smart ovens has been divided into three categories based on capacity: 20–25 LITRES, 26–20 LITRES, and Above 30 LITRES. The global market for smart ovens has been divided into two categories based on end use: residential and commercial. The global market for smart ovens has been divided into store-based and non-store-based sectors based on the distribution channel.

Regional Analysis

Geographically, the Worldwide Smart Oven Market has been isolated into North America, Europe, Asia-Pacific, and the Rest of the World.
In 2021, North America had the most elevated market share around the world, representing more than 37.30% of the all-out esteem. As far as income, North America ruled the overall smart oven market in 2021. Because of the updating of the foundation and hardware and the raising speed of mechanical advancement. The interest in progressively progressed and savvy apparatuses for the smart home is extending among clients. As the US has among the most minimal import charges, more individuals can manage the cost of imported merchandise like smart devices. Germany, the UK, France, Italy, Spain, Russia, and the remainder of Europe are completely remembered for the investigation of the European market. The possibility of the smart house is extending in these countries too. A beneficial market for smart ovens has been created in the space in view of the rising pay levels and expansion in discretionary cash flow.

Major Players

The key players in the Global Smart Oven Market are Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (Korea), Haier Smart Home Co., LG Electronics Inc. (Korea), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Ltd (China), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Sub-Zero Group Inc. (US).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 17 1.1 MARKET ATTRACTIVENESS ANALYSIS 18 1.1.1 GLOBAL SMART OVEN MARKET, BY TYPE 19 1.1.2 GLOBAL SMART OVEN MARKET, BY CONNECTIVITY 20 1.1.3 GLOBAL SMART OVEN MARKET, BY CAPACITY 21 1.1.4 GLOBAL SMART OVEN MARKET, BY END USE 22 1.1.5 GLOBAL SMART OVEN MARKET, DISTRIBUTION CHANNEL 23 1.1.6 GLOBAL SMART OVEN MARKET, BY REGION 24 2 MARKET INTRODUCTION 25 2.1 DEFINITION 25 2.2 SCOPE OF THE STUDY 25 2.3 RESEARCH OBJECTIVE 25 2.4 MARKET STRUCTURE 26 2.5 KEY BUYING CRITERIA 27 3 RESEARCH METHODOLOGY 28 3.1 RESEARCH PROCESS 28 3.2 PRIMARY RESEARCH 29 3.3 SECONDARY RESEARCH 30 3.4 MARKET SIZE ESTIMATION 31 3.5 FORECAST MODEL 32 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 33 4 MARKET DYNAMICS 34 4.1 INTRODUCTION 34 4.2 DRIVERS 35 4.2.1 INCREASING DEPLOYMENT OF IOT IN KITCHEN APPLIANCES 35 4.2.2 GROWING ADOPTION OF ENERGY-SAVING PRODUCTS IN SMART HOMES 36 4.2.3 DRIVER IMPACT ANALYSIS 37 4.3 RESTRAINTS 37 4.3.1 SECURITY AND PRIVACY CONCERNS AMONG END USERS 37 4.3.2 RESTRAINT IMPACT ANALYSIS 38 4.4 OPPORTUNITIES 38 4.4.1 INCREASING INVESTMENT BY THE KEY PLAYERS 38 4.4.2 GROWING WORKING WOMEN POPULATION COUPLED WITH THEIR HECTIC SCHEDUCLES HAS OPENED HUGE OPPORTUNITIES FOR THE SMART OVEN MARKET 39 5 MARKET FACTOR ANALYSIS 40 5.1 . VALUE CHAIN ANALYSIS 40 5.1.1 HARDWARE MANUFACTURERS 41 5.1.2 PLATFORM DEVELOPERS 41 5.1.3 TECHNOLOGY PROVIDERS 41 5.1.4 SYSTEM INTEGRATORS 41 5.1.5 DISTRIBUTORS/RESELLERS 41 5.1.6 END USERS 41 5.2 PORTER'S FIVE FORCES MODEL 42 5.2.1 THREAT OF NEW ENTRANTS 42 5.2.2 BARGAINING POWER OF SUPPLIERS 43 5.2.3 THREAT OF SUBSTITUTES 43 5.2.4 BARGAINING POWER OF BUYERS 43 5.2.5 INTENSITY OF RIVALRY 44 5.3 COVID-19 IMPACT ANALYSIS 44 5.3.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS 44 5.4 IMPACT ON COMPONENT MANUFACTURERS 45 5.5 IMPACT ON DEVICE MANUFACTURERS 45 5.6 IMPACT ON THE OVERALL SMART OVEN INDUSTRY 45 5.6.1 IMPACT ON SUPPLY CHAIN 45 5.6.2 PRICE VARIATION OF KEY RAW MATERIALS 46 5.6.3 PRODUCTION SHUTDOWN 46 6 GLOBAL SMART OVEN MARKET, BY TYPE 47 6.1 OVERVIEW 47 6.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY TYPE, 2022–2030 48 6.2 SINGLE FUNCTION 48 6.2.1 SINGLE FUNCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 48 6.3 MULTIPLE FUNCTION 49 6.3.1 MULTIPLE FUNCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 49 7 GLOBAL SMART OVEN MARKET, BY CONNECTIVITY 50 7.1 OVERVIEW 50 7.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY CONNECTIVITY, 2022–2030 51 7.2 BLUETOOTH 51 7.2.1 BLUETOOTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 51 7.3 WI-FI 52 7.3.1 WI-FI: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 52 7.4 NFC 52 7.4.1 NFC: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 52 7.5 OTHERS 53 7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 53 8 GLOBAL SMART OVEN MARKET, BY CAPACITY 54 8.1 OVERVIEW 54 8.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY CAPACITY, 2022–2030 55 8.2 20-25 LITRES 55 8.2.1 20-25 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 55 8.3 26-30 LITRES 56 8.3.1 26-30 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 56 8.4 ABOVE 30 LITRES 56 8.4.1 ABOVE 30 LITRES: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 56 9 GLOBAL SMART OVEN MARKET, BY END USE 57 9.1 OVERVIEW 57 9.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY END USE, 2022–2030 58 9.2 RESIDENTIAL 58 9.2.1 RESIDENTIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 58 9.3 COMMERCIAL 59 9.3.1 COMMERCIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 59 10 GLOBAL SMART OVEN MARKET, BY DISTRIBUTION CHANNEL 60 10.1 OVERVIEW 60 10.1.1 GLOBAL SMART OVEN MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022–2030 61 10.2 STORE-BASED 61 10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 62 10.3 NON-STORE-BASED 62 10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022–2030 62 11 GLOBAL SMART OVEN MARKET, BY REGION 63 11.1 OVERVIEW 63 11.2 NORTH AMERICA 65 11.2.1 US 67 11.2.2 CANADA 69 11.2.3 MEXICO 70 11.3 EUROPE 72 11.3.1 GERMANY 75 11.3.2 FRANCE 76 11.3.3 ITALY 78 11.3.4 SPAIN 79 11.3.5 UK 81 11.3.6 ROMANIA 82 11.3.7 SLOVENIA 84 11.3.8 REST OF EUROPE 85 11.4 ASIA-PACIFIC 87 11.4.1 CHINA 90 11.4.2 JAPAN 91 11.4.3 INDIA 93 11.4.4 AUSTRALIA & NEW ZEALAND 94 11.4.5 REST OF ASIA-PACIFIC 96 11.5 REST OF THE WORLD 98 11.5.1 SOUTH AMERICA 100 11.5.2 MIDDLE EAST 102 11.5.3 AFRICA 103 12 COMPETITIVE LANDSCAPE 105 12.1 INTRODUCTION 105 12.1.1 MARKET STRATEGY ANALYSIS 105 12.2 COMPETITIVE BENCHMARKING 106 12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 107 12.3.1 PRODUCT LAUNCH 107 12.3.2 ACQUISTION 108 12.3.3 INVESTMENTS 108 13 COMPANY PROFILES 109 13.1 ELECTROLUX AB 109 13.1.1 COMPANY OVERVIEW 109 13.1.2 FINANCIAL OVERVIEW 110 13.1.3 PRODUCTS OFFERED 111 13.1.4 KEY DEVELOPMENT 111 13.1.5 SWOT ANALYSIS 112 13.1.6 KEY STRATEGIES 112 13.2 PANASONIC CORPORATION 113 13.2.1 COMPANY OVERVIEW 113 13.2.2 FINANCIAL OVERVIEW 114 13.2.3 PRODUCTS OFFERED 115 13.2.4 KEY DEVELOPMENTS 115 13.2.5 ELECTROLUX AB: KEY DEVELOPMENTS 115 13.2.6 SWOT ANALYSIS 116 13.2.7 KEY STRATEGIES 116 13.3 BREVILLE GROUP LIMITED 117 13.3.1 COMPANY OVERVIEW 117 13.3.2 FINANCIAL OVERVIEW 118 13.3.3 PRODUCTS OFFERED 119 13.3.4 KEY DEVELOPMENTS 119 13.3.5 BREVILLE GROUP LIMITED: KEY DEVELOPMENTS 119 13.3.6 SWOT ANALYSIS 120 13.3.7 KEY STRATEGIES 120 13.4 SHARP CORPORATION 121 13.4.1 COMPANY OVERVIEW 121 13.4.2 FINANCIAL OVERVIEW 122 13.4.3 PRODUCTS OFFERED 122 13.4.4 KEY DEVELOPMENT 123 13.4.5 SWOT ANALYSIS 123 13.4.6 KEY STRATEGIES 123 13.5 HAIER SMART HOME CO., LTD 124 13.5.1 COMPANY OVERVIEW 124 13.5.2 FINANCIAL OVERVIEW 125 13.5.3 PRODUCTS OFFERED 125 13.5.4 KEY DEVELOPMENTS 126 13.5.5 SWOT ANALYSIS 126 13.5.6 KEY STRATEGIES 127 13.6 LG ELECTRONICS INC. 128 13.6.1 COMPANY OVERVIEW 128 13.6.2 FINANCIAL OVERVIEW 129 13.6.3 PRODUCTS OFFERED 130 13.6.4 KEY DEVELOPMENTS 130 13.6.5 LG ELECTRONICS: KEY DEVELOPMENTS 130 13.6.6 KEY STRATEGIES 130 13.7 ROBERT BOSCH GMBH 131 13.7.1 COMPANY OVERVIEW 131 13.7.2 FINANCIAL OVERVIEW 131 13.7.3 PRODUCTS OFFERED 132 13.7.4 KEY DEVELOPMENTS 132 13.7.5 KEY STRATEGIES 132 13.8 SAMSUNG ELECTRONICS CO. LTD 133 13.8.1 COMPANY OVERVIEW 133 13.8.2 FINANCIAL OVERVIEW 134 13.8.3 PRODUCTS OFFERED 134 13.8.4 KEY DEVELOPMENTS 135 13.8.5 KEY STRATEGIES 135 13.9 WHIRLPOOL CORPORATION 136 13.9.1 COMPANY OVERVIEW 136 13.9.2 FINANCIAL OVERVIEW 137 13.9.3 PRODUCTS OFFERED 137 13.9.4 KEY DEVELOPMENT 138 13.9.5 KEY STRATEGIES 138 13.10 SUB-ZERO GROUP INC. 139 13.10.1 COMPANY OVERVIEW 139 13.10.2 FINANCIAL OVERVIEW 139 13.10.3 PRODUCTS OFFERED 139 13.10.4 KEY DEVELOPMENTS 140 13.10.5 KEY STRATEGIES 140  

Companies Mentioned

Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (Korea), Haier Smart Home Co., LG Electronics Inc. (Korea), Panasonic Corporation (Japan), Breville Group Limited (Australia), Sharp Corporation (Japan), Ltd (China), Robert Bosch GmbH (Germany), Whirlpool Corporation (US), Sub-Zero Group Inc. (US).

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