Global Smart Microwave Ovens Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope A smart microwave oven is an appliance that is connected to the internet and smartphone, or other smart devices through the cloud or app. The connectivity gives more control over the oven, and the user can decide its activity through the commands on the app or through other means such as voice. Sizing and Forecast The smart microwave ovens market size has grown rapidly in recent years. It will grow from $4.36 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to consumer convenience, energy efficiency, changing lifestyles, health consciousness, increasing disposable income. The smart microwave ovens market size is expected to see rapid growth in the next few years. It will grow to $9.02 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to growing internet of things (iot) integration, smart home ecosystems, customization and personalization, sustainability features, health-tech integration, market penetration in emerging economies. Major trends in the forecast period include increased connectivity and iot integration, adoption of in-oven cameras for monitoring, expansion of pre-programmed cooking options, integration of recipe libraries and cooking guidance, focus on energy efficiency and sustainability. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/smart-microwave-ovens-global-market-report Segmentation & Regional Insights The smart microwave ovens market covered in this report is segmented – 1) By Product Type: Grill Microwave Oven, Convection Microwave Oven, Microwave/Light-wave Oven, Other Product Types 2) By Technology: Bluetooth, Wi-Fi, NFC 3) By Distribution Channel: Hypermarket and Supermarket, Speciality Store, Online Store, Other Distribution Channels 4) By End User: Commercial, Personal Asia-Pacific was the largest region in the smart microwave oven market in 2023. Western Europe was the second-largest region in the global smart microwave oven market analysis. The regions covered in the smart microwave ovens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3092&type=smp Major Driver Impacting Market Growth The growing adoption of smart home appliances is expected to propel the growth of the smart microwave ovens market going forward. A smart home is a residence equipped with various internet-connected devices and systems that allow homeowners to control, monitor, and automate various aspects of their living space. Smart Microwaves are used in smart homes to provide a better sense of automation and can be very helpful in automating several tasks in smart homes. For instance, in November 2022, according to the State of the Connected Home report that included a survey of 1000 adults across the UK conducted by techUK, a UK-based non-profit trade association, 77% of the adults in the UK own at least one smart home appliance, which is up from 67% in 2020 and 76% in 2021. Further, the number of advanced adopters of smart home devices reached 26% in 2022, up from 24% in 2021 and 17% in 2020. Therefore, the growing development of smart home drives smart microwave oven demand. Key Industry Players Major companies operating in the smart microwave ovens market report are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Siemens AG, General Electric Company, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Smeg S.p.A., Toshiba Corporation, Whirlpool Corporation, BSH Home Appliances Corporation, Emerson Electric Co., Miele & Cie. KG, SharkNinja Operating LLC, Sharp Corporation, Breville Group Limited, Electrolux AB (publ), Sub-Zero Group Inc., Kenmore Brands, SANYO Electric Co. Ltd., Viking Range Corporation, Dacor Inc., June Life Inc., Candy Hoover S.p.A., Morphy Richards Ltd., Tovala Inc., Hestan Smart Cooking Inc., Galanz Group, Gorenje Group d.o.o., Teka Industrial S.A.U., Hannspree Group Inc., Hisense Group Co. Ltd., TTK Prestige Limited The smart microwave ovens market report table of contents includes: 1. Executive Summary 2. Smart Microwave Ovens Market Characteristics 3. Smart Microwave Ovens Market Trends And Strategies 4. Smart Microwave Ovens Market - Macro Economic Scenario 5. Global Smart Microwave Ovens Market Size and Growth . . . 32. Global Smart Microwave Ovens Market Competitive Benchmarking 33. Global Smart Microwave Ovens Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Smart Microwave Ovens Market 35. Smart Microwave Ovens Market Future Outlook and Potential Analysis 36. Appendix Contact Us: The Business Res