Lucintel Forecasts Smart Oven Market To Grow At A Cagr Of 19%-21%

By Author: Lucintel LLC
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According to the recent study the smart oven market is projected to grow at a CAGR of 19%-21% from 2020 to 2025. Growth in this market is primarily driven by changing lifestyle, improved living standards, increasing disposable income, and need of efficient kitchen appliances across the globe.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in smart oven market by function type (single function and multiple function), structure type (built-in and counter top), connectivity (Bluetooth, Wi-Fi, NFC, and others), capacity (20 – 25 lt., 26 – 30 lt., and above 30 lt.), end use (residential and commercial), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/smart-oven-market.aspx
“Multiple function market is expected to remain the largest segment during the forecast period.”
Based on function type, the smart oven market is segmented into single function and multiple functions. Lucintel forecasts ...
... that the multiple functions market is expected to remain the largest segment during the forecast period as it is widely used in residential and commercial purposes for grilling and convection simultaneously.
“Within the smart oven market, the Wi-Fi segment is expected to remain the largest connectivity.”
Based on connectivity, the Wi-Fi segment is expected to witness the largest segment over the forecast period due to increasing use of advanced technologies like, IoT (internet of things) in both residential & commercial setups.
“North America will dominate the smart oven market in near future.”
North America is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to increasing demand and popularity of advanced & time efficient cooking methods in US and other key North American countries.
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Major players of smart oven market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. GE Appliances, Breville, Electrolux, SAMSUNG, Candy Hoover, BSH, Dacor, Haier, LG, and Tovala are among the major smart oven providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-oven-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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