The smart microwave ovens market size has grown rapidly in recent years. It will grow from $5.08 billion in 2024 to $5.99 billion in 2025 at a compound annual growth rate (CAGR) of 17.8%. 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 $10.06 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. 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.
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How have varous drivers impacted the growth of the smart microwave ovens market?
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 homes drives smart microwave oven demand.
What are the primary segments of the smart microwave ovens market?
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: Hyper market and Super market, Specialty Store, Online Store, Other Distribution Channels
4) By End User: Commercial, Personal
Subsegments:
1) By Grill Microwave Oven: Solo Grill Microwave Oven, Grill Combination Microwave Oven
2) By Convection Microwave Oven: Countertop Convection Microwave Oven, Built-In Convection Microwave Oven
3) By Microwave Or Light-Wave Oven: Microwave Or Light-Wave Oven With Grill, Microwave Or Light-Wave Oven Without Grill
4) By Other Product Types: Multi-Function Microwave Ovens, Smart Sensor Microwave Ovens
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Which firms are leading the smart microwave ovens market?
Major companies operating in the smart microwave ovens market include 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, Miele & Cie. KG, SharkNinja Operating LLC, Sharp Corporation, Breville Group Limited, Kenmore Brands, Dacor Inc., June Life Inc., Candy Hoover S.p.A., Tovala Inc., Galanz Group, Gorenje Group d.o.o., Teka Industrial S.A.U., Hisense Group Co. Ltd.
How will industry trends affect the trajectory of the smart microwave ovens market?
Major companies operating in the smart microwave ovens market are focused on enhancing their product offerings by integrating innovative features such as smart all-in-one microwaves to meet the evolving needs of consumers. Smart all-in-one microwaves are advanced kitchen appliances that combine traditional microwave functionality with additional cooking methods like convection baking, air frying, grilling, and steaming, and they incorporate smart technology for enhanced control and convenience. For instance, in July 2024, Samsung Electronics, a South Korea-based company launched its new line of smart all-in-one microwaves that feature an air fry function. This innovative product is designed to provide a versatile cooking experience, allowing users to enjoy healthier meals with less oil while maintaining the taste and texture of fried foods. The microwaves incorporate advanced smart technology, enabling users to control settings through a mobile app and access various cooking presets for convenience.
Which geographic trends are shaping the smart microwave ovens market, and which region has the highest market share?
The countries covered in the smart microwave ovens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Smart Microwave Ovens Market Report 2025 Offer?
The smart microwave ovens market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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