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Smart Microwave Ovens Global Market Report 2022, By Product Type, By Technology, By Distribution Channel, By End User

  • ID: 5562308
  • Report
  • March 2022
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Breville USA Inc.
  • Emerson
  • Inc.
  • LG Electronics
  • Robert Bosch
  • Sharp
Smart Microwave Ovens Global Market Report 2022 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global smart microwave oven market.



This report focuses on the smart microwave oven market which is experiencing strong growth. The report gives a guide to the smart microwave oven market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the smart microwave oven? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Microwave Oven market global report from the publisher answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart microwave oven market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this
  • The smart microwave oven market section of the report gives context. It compares the smart microwave oven market with other segments of the smart microwave oven market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart microwave oven indicators comparison

Scope


Markets Covered:

1) By Product Type: Grill Microwave Oven; Convection Microwave Oven; Microwave/Light-wave Oven; Others
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

Companies Mentioned: Electrolux AB; Whirlpool Corporation; LG Electronics; Breville USA Inc.; Panasonic

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Smart Microwave Ovens Market

What is the estimated value of the Global Smart Microwave Ovens Market?

The Global Smart Microwave Ovens Market was estimated to be valued at $3.3 billion in 2022.

What is the growth rate of the Global Smart Microwave Ovens Market?

The growth rate of the Global Smart Microwave Ovens Market is 6.6%, with an estimated value of $4.3 billion by 2026.

What is the forecasted size of the Global Smart Microwave Ovens Market?

The Global Smart Microwave Ovens Market is estimated to be worth $4.3 billion by 2026.

Who are the key companies in the Global Smart Microwave Ovens Market?

Key companies in the Global Smart Microwave Ovens Market include Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG and BSH Home Appliances Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Breville USA Inc.
  • Emerson
  • Inc.
  • LG Electronics
  • Robert Bosch
  • Sharp

1. Executive Summary2. Smart Microwave Oven Market Characteristics3. Smart Microwave Oven Market Trends And Strategies4. Impact Of COVID-19 On Smart Microwave Oven
5. Smart Microwave Oven Market Size And Growth
5.1. Global Smart Microwave Oven Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Microwave Oven Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Microwave Oven Market Segmentation
6.1. Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Grill Microwave Oven
  • Convection Microwave Oven
  • Microwave/Light-wave Oven
  • Others
6.2. Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Bluetooth
  • Wi-Fi
  • NFC
6.3. Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hypermarket and Supermarket
  • Speciality Store
  • Online Store
  • Other Distribution Channels
6.4. Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Commercial
  • Personal

7. Smart Microwave Oven Market Regional And Country Analysis
7.1. Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Smart Microwave Oven Market
8.1. Asia-Pacific Smart Microwave Oven Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Smart Microwave Oven Market
9.1. China Smart Microwave Oven Market Overview
9.2. China Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Smart Microwave Oven Market
10.1. India Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Smart Microwave Oven Market
11.1. Japan Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Smart Microwave Oven Market
12.1. Australia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Smart Microwave Oven Market
13.1. Indonesia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Smart Microwave Oven Market
14.1. South Korea Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Smart Microwave Oven Market
15.1. Western Europe Smart Microwave Oven Market Overview
15.2. Western Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Smart Microwave Oven Market
16.1. UK Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Smart Microwave Oven Market
17.1. Germany Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Smart Microwave Oven Market
18.3. France Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Smart Microwave Oven Market
19.1. Eastern Europe Smart Microwave Oven Market Overview
19.2. Eastern Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Smart Microwave Oven Market
20.1. Russia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Smart Microwave Oven Market
21.1. North America Smart Microwave Oven Market Overview
21.2. North America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Smart Microwave Oven Market
22.1. USA Smart Microwave Oven Market Overview
22.2. USA Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Smart Microwave Oven Market
23.1. South America Smart Microwave Oven Market Overview
23.2. South America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Smart Microwave Oven Market
24.1. Brazil Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Smart Microwave Oven Market
25.1. Middle East Smart Microwave Oven Market Overview
25.2. Middle East Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Smart Microwave Oven Market
26.1. Africa Smart Microwave Oven Market Overview
26.2. Africa Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Smart Microwave Oven Market Competitive Landscape And Company Profiles
27.1. Smart Microwave Oven Market Competitive Landscape
27.2. Smart Microwave Oven Market Company Profiles
27.2.1. Electrolux AB
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Whirlpool Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. LG Electronics
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Breville USA Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Panasonic
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Microwave Oven Market29. Smart Microwave Oven Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Breville USA Inc.
  • Emerson
  • Inc.
  • LG Electronics
  • Robert Bosch
  • Sharp
Major players in the smart microwave oven market are Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG, Robert Bosch, BSH Home Appliances Corporation, Dacor Inc.

The global smart microwave ovens market is expected grow from $3.11 billion in 2021 to $3.33 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.3 billion in 2026 at a CAGR of 6.9%.

The smart microwave oven market consists of sales of smart microwave oven and related products which include Grill Microwave Oven, Convection Microwave Oven, Microwave/Light-wave Oven and more. Smart microwave ovens are programmed to connect to smart appliances such as phone apps, phone, smart dishwashers, smart speakers and more by which instructions to oven can be given through smart phones and without the need for manual instructions. The companies engaged in manufacturing of smart microwave ovens design, manufacture and market smart microwave oven with Bluetooth, Wi-Fi-enabled, near-field communication and more technologies which enables the consumer to operate the smart device from anywhere for household and business users.

The main types of smart microwave ovens are grill microwave oven, convection microwave over, microwave/light-wave over and others and use technology such as Bluetooth, Wi-Fi and NFC. Grill microwave oven use smart technology for grilling and help save time and space. The smart microwave ovens are distributed through hypermarket and supermarket, specialty store, online store and other channels and used by both commercial and personal users.

Asia Pacific was the largest region in the smart microwave oven market in 2021.Western Europe was the second-largest region in the smart microwave oven market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

With increasing consumer preference for technologically advanced products there is a rise in penetration of smart home appliances like smart microwave ovens. The smart microwave oven is gaining interest among consumers as it is remotely accessed and operated with a user-friendly interface. Most manufacturers smart home appliances can communicate with Alexa, iOS, Droid, Dash, Nest and Google Home through which instructions can be given to the smart oven. In 2019, GE announced that its microwave ovens can be operated with Google Assistant using voice commands. Manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market growth. In 2020, Sharp Home Electronics Company of America (SHCA) announced the launch of first smart countertop microwave oven that feature Wi-Fi connectivity and Alexa compatibility for easy hands-free operation. The new smart microwave also responds to voice commands.

Cybersecurity paves risk to any smart appliance market with hackers providing a way to operate the appliance to cause harm to the user in any means. The smart microwave ovens can be set to pre-heat or can be controlled for temperature adjustments remotely which means a hacker can potentially cause harm to the user. In 2019, hackers targeted Sony's X800G smart TV, using a Javascript OOB read bug to exploit the television's built-in web browser, by doing this the team earned $15,000. In 2019, June Oven, a smart oven of June was reported to pre-heat by itself without the interference of the user overnight. The safety issues arising due to cyber-attacks might hinder the market growth during the forecast period.

Scan-to-cook feature is a technology which makes the preparation and cooking of pre-packaged and frozen foods easier with a scan of the barcode over the package by the smart phone with the use of an associated app. The customized and recommended instructions are sent to the microwave oven with a barcode scan which results in perfection of the meals being prepared. In 2019, Amazon launched Alexa smart oven with Scan-to cook feature which is a combination of microwave, convection cooker, air fryer, and food warmer which works well with many pre-packaged foods those by Amazon-owned Whole Foods as well. Whirlpool introduced the first scan-to-cook technology into the market. Further, in 2021, LG announced the launch of Double Oven Gas Slide-in Range and Over-the-Range Microwave Oven with scan-to-cook feature. The brand has partnered with Boston-based AI start-up Foodspace Technology to develop scan-to-cook feature. With a busy lifestyle globally, many families prefer frozen foods for meals and with the advantage of Scan-to-cook feature the user need not depend on frozen food preparation instructions which takes guesswork out of cooking and results in perfection which is expected boost the demand of smart microwave oven market.

In 2019, LG Electronics USA, Inc., a South Korea-based leading manufacturer of home appliances, consumer electronics and mobile communications partnered with Tovala. The partnership of integrating Tovala IQ™ technology into LG smart ovens benefits both the companies and the customers as the customers can scan the Tovala's food package barcode to extract the data from Tovala's database for the final preparation of the food. Tovala, a US-based all-in-one appliance and gourmet meal service which aims at simplifying home cooking with the meals prepared by professional chefs and delivered to doorstep which require few minutes for final preparation.

The countries covered in the smart microwave oven market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Electrolux AB
  • Whirlpool Corporation
  • LG Electronics
  • Breville USA Inc.
  • Panasonic
  • GE(Haier)
  • Sharp
  • SAMSUNG
  • Robert Bosch
  • BSH Home Appliances Corporation
  • Dacor
  • Inc.
  • June Life Inc.
  • Tovala
  • Galanz
  • Midea
  • SANYO
  • Siemens
  • Kenmore
  • Emerson
Note: Product cover images may vary from those shown

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