PUBLISHER: IMARC | PRODUCT CODE: 1468083
PUBLISHER: IMARC | PRODUCT CODE: 1468083
The global smart oven market size reached US$ 254.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,119.4 Million by 2032, exhibiting a growth rate (CAGR) of 17.4% during 2024-2032.
A smart oven is a type of kitchen appliance that combines the utility of conventional and microwave ovens with Wi-Fi and Bluetooth for providing improved connectivity. Some variants of these ovens are also equipped with flexible cooktops and offer voice control functionality that can be carried out through the companion app or smart home assistants, such as Google Home and Amazon Alexa. Smart ovens offer enhanced control by allowing users to adjust the temperature and cooking configurations remotely. They also provide a higher number of cooking modes and cycle settings, which range from reheating frozen foods to baking and roasting.
With the advent of the Internet of Things (IoT) and rising penetration of intelligent home assistants, smart ovens can be controlled through mobile applications, which send real-time status updates to users. This represents one of the most crucial factors bolstering the growth of the market across the globe. Furthermore, owing to hectic lifestyles and inflating income levels, consumers are shifting toward smart appliances as they provide convenience and help in reducing the wastage of electricity. Moreover, technological advancements have enabled manufacturers to introduce smart ovens that have self-cleaning functions and can automatically switch off when the food reaches the right temperature. They are also integrating smart ovens with applications that offer food recipes, wherein the appliances can automatically preheat to a set temperature and cook for the predefined period.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart oven market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel, capacity, structure, connectivity and application.
Single Function
Multiple Function
Online
Offline
20-25 Litres
26-30 Litres
Above 30 Litres
Built-in
Countertop
Bluetooth
Wi-Fi
NFC
Others
Residential
Commercial
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
The report has also analysed the competitive landscape of the market with some of the key players being 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. and Whirlpool Corporation.