Global Smart Ovens Market Size study and Regional Forecasts 2020-2027

Posted by Sonika on April 21st, 2021

Bharat Book Bureau Provides the Trending Market Research Report on " Global Smart Ovens Market Size study, by Type (Built-In and Counter Top), End User (Residential and Commercial), and Sales Channel (Offline Channels and Online Channels) and Regional Forecasts 2020-2027 "under Services category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Global Smart Ovens Market is valued approximately at USD 194.59 million in 2019 and is anticipated to grow with a healthy growth rate of more than 14.6% over the forecast period 2020-2027. Smart ovens are kitchen appliances of the next generation, facilitated by advanced features to receive, process, and relay information via smartphones. Smart ovens are a range of electric microwaves that include Bluetooth or Wi-Fi. Smart ovens refer to appliances or an accompanying app. The companion app enables consumers to remotely monitor and regulate smart ovens.

It can also be used to customize automated features. Voice controls and smart home devices similar to smart ovens have been launched. Amazon Echo or Google Home enables users to monitor linked smart ovens by voice. Further, with the help of smartphones, cooking temperature, setting the oven to preheat, and even turning off the oven can be done remotely. In addition, digital channels such as Yummly, a food and recipe digital application, can be linked to smart ovens. Smart ovens can read instructions from such platforms automatically and perform functions such as preheating, cooking food as per the time instructed, and then, based on instructions, turn themselves off. As a consequence, smart ovens provide consumers with great convenience and thus drive the growth of smart ovens market.

The regional analysis of global Smart Ovens market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the Healthy cooking practices, the development of smart ovens that can preserve food nutrients during cooking, and the availability of energy-efficient appliances. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increase in the middle class and the working population by adopting smart ovens for their quick and convenient cooking features would create lucrative growth prospects for the Smart Ovens market across Asia-Pacific region.

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Ovens Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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