The global smart ovens market is forecasted to grow at a CAGR of 18.55% during the period 2017-2021

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Oct 30, 2017, 11:19 ET

LONDON, Oct. 30, 2017 /PRNewswire/ -- About Smart Ovens

A smart oven is a device that is connected via Wi-Fi, NFC, or Bluetooth technologies to other smart kitchen appliances such as smart refrigerators and chimneys. The user can easily access the smart oven with the help of applications developed by vendors and control it from a remote location. Smart ovens are categorized into smart microwave ovens and smart wall ovens. Vendors are improving their product offerings by expanding their distribution channel and increasing the R&D investments.

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Technavio's analysts forecast the global smart ovens market to grow at a CAGR of 18.55% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart ovens market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Smart Ovens Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Electrolux
• GE Appliances
• LG Electronics
• Robert Bosch

Other prominent vendors
• Breville
• June Life
• Panasonic
• Sharp
• Tovala
• Whirlpool

Market driver
• Changing lifestyles in developed and developing economies
• For a full, detailed list, view our report

Market challenge
• High initial and maintenance costs
• For a full, detailed list, view our report

Market trend
• High demand for energy-efficient microwave ovens
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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