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Report Overview
The global smart ovens market reached a value of approximately USD 282.23 Million in 2024. The market is further projected to grow at a CAGR of 21.60% between 2025 and 2034, reaching a value of USD 1994.98 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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In 2022, there were 57.55 million smart home device users in United States households, further giving the hint of continuous acceptance and integration of smart technology into daily life.
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This upward trend persisted, with the number climbing to 63.43 million in 2023 and is further projected to reach 69.91 million in 2024.
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In the year 2025, it's projected that 77.05 million households will have started using smart home devices, supporting the growth of smart ovens market.
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This is projected to further increase to 84.92 million by 2026. In 2027 and 2028, the number is seen to be 93.59 million and 103.15 million, respectively.
Smart Ovens Market Growth
Technological integration, along with energy efficiency, thus avails effective methods of cooking and boost the global demand for smart ovens. Smart ovens use cutting-edge technologies such as artificial intelligence, machine learning, and IoT to make cooking more convenient for the user. They became much more convenient and efficient. They incorporate a lot of cooking modes and features one won't see in traditional ovens, bolstering the smart ovens demand globally. Many smart ovens are developed to be as efficient in energy consumption as possible, which is nowadays important to ECM consumers of the 21st century.
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 2024.
The market is projected to grow at a CAGR of 21.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 1994.98 Million by 2034.
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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