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Global Smart Oven Market In-Depth Analysis & Trends with a Forecast for a Period of 2016 – 2023

Press release Description

Albany, New York, April 17, 2017: Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new report to its ever expanding online collection of global market intelligence studies. This report inspects the performance of the Global Smart Oven Market and provides a trustworthy growth forecast during the period of 2016 – 2023. The research study is titled as “Smart Oven Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023”. This market report provides a wide-ranging assessment of the market and includes in-depth insights, facts, figures and statistically backed market data.

The report scans market dynamics such as growth drivers, restraints, risks and opportunities that have a strong effect on the global market and could influence the market during the forecast period. This report on global smart oven market provides an all-inclusive assessment, including an in-depth analysis of the past data with a growth forecast for the period of 2016 – 2023. As per the key findings of the report, growth drivers of the smart oven market are implementation of internet of things (IoT) in home appliances and home automation. Besides this, innovations in Wi-Fi, NFC, Bluetooth technologies along with improvements in LCDs and LEDs display system have also contributed towards the expansion of smart oven market globally. On the other hand, the major factors restricting the growth of market are the dominance of conventional cooking appliances in the global scenario. The high cost of smart oven is also a limiting factor, making it difficult to sustain in the cost sensitive economies such as India, China, Indonesia and African countries.

The global smart oven market is segmented on the basis of type, structure, application, connectivity, and geography. Segregation on the basis of type include sensors, temperature probes, media players and others. It is also known that, built-in ovens are primarily used for commercial purposes in confectionary stores, restaurants, bakeries and gourmet cafes. Counter top ovens are used for household purposes, thanks to its small size and shape. The segmentation based on applications include household and commercial service industries. Moreover, based on connectivity, the market is divided into:

  • Wi-Fi
  • Bluetooth
  • NFC (Near Field Communication)
  • IOT (Internet of Things)
  • Others

Geographically, the global smart oven market is segmented into North America, Asia Pacific, Europe, Middle East and Africa & Latin America.

Browse Full Global Smart Oven Market Report with TOC :

Some of the key companies operating in the global smart oven market are Samsung Electronics Ltd., Whirlpool Corporation, LG Electronics, Panasonic Corporation, Hoover limited, Dacor Inc. and BSH Home Appliances Group.

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