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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Smart Ovens Market Competitive Landscape
Key smart oven players in the smart ovens market innovate in technologies such as IoT and AI, making it convenient for users to control, cook efficiently, and develop multifunctional features in order to meet consumer needs.
Samsung Electronics Co., Ltd., established in 1969 and headquartered in Suwon, South Korea, is a leader in innovation, particularly in smart ovens. By integrating IoT and AI technologies, Samsung offers a diverse range of smart ovens designed to meet various consumer needs, from compact models to advanced multifunctional units. The company collaborates with tech firms and culinary experts to enhance their product offerings and broaden their market reach.
LG Electronics Inc., founded in 1958 and based in Seoul, South Korea, emphasises connectivity and sustainability in its smart ovens. Equipped with Wi-Fi connectivity, LG's ovens allow users to remotely control and monitor their appliances via mobile apps. The company is committed to energy efficiency, designing products that minimise energy consumption and environmental impact. LG also engages with customers through interactive platforms and cooking workshops to enhance the use of their smart ovens.
Electrolux AB, established in 1919 and headquartered in Stockholm, Sweden, offers smart ovens with advanced cooking technologies such as steam cooking and precise temperature control. The company focuses on simplifying the cooking process and ensuring consistent results while maintaining a commitment to sustainability. Electrolux designs energy-efficient and environmentally friendly products to meet consumer needs effectively.
BSH Home Appliances Corporation, founded in 1967 and headquartered in Munich, Germany, provides smart ovens integrated with the Home Connect app for remote control and monitoring. Bosch, a major brand under BSH, is known for high-quality materials and craftsmanship, ensuring the durability and reliability of their appliances. The company also prioritises sustainability by creating energy-efficient products and reducing environmental impact.
Other major players in the smart ovens market include Weber Inc., Hitachi, Ltd., and Sharp Corporation, among others.
Smart Ovens Market Report Snapshots
Smart Ovens Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The smart ovens market reached a value of approximately USD 282.23 million in 2023.
The market is projected to grow at a CAGR of 21.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,640.63 million by 2032.
The major market drivers include rising demand for energy conserving electrical appliances and increasing demand for smart ovens in the food service sector.
The key trends fuelling the growth of the market include growing popularity of smart homes, rising disposable income and hectic lifestyle, and introduction of advanced features by manufacturers including self-cleaning.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end-users of smart ovens include residential and commercial.
The key players in the global smart ovens market are Weber Inc., LG Corp., Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Haier Group Corporation, Hitachi, Ltd., The Whirlpool Corporation, Sharp Corporation, Electrolux AB, and BSH Home Appliances Corporation, among others.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124