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Smart Microwave Ovens Global Market Report 2023 – By Product Type (Grill Microwave Oven, Convection Microwave Oven, Microwave/Lightwave Oven), By Technology (Bluetooth, WiFi, NFC), By Distribution Channel (Hypermarket and Supermarket, Speciality Store, Online Store), By End User (Commercial, Personal) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r990 | Delivery Time: 2-3 business days | Format :


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 like voice.

The main types of smart microwave ovens are grill microwave ovens, convection microwave ovens, microwave/light-wave ovens, and others and use technology such as Bluetooth, Wi-Fi, and NFC. Grill microwave ovens use smart technology for grilling and help save time and space. The smart microwave ovens are distributed through hypermarkets and supermarkets, specialty stores, online stores, and other channels and are used by both commercial and personal users.

The smart microwave oven market research report is one of a series of new reports from The Business Research Company that provides smart microwave oven market statistics, including smart microwave oven industry global market size, regional shares, competitors with a smart microwave oven market share, detailed smart microwave oven market segments, market trends and opportunities, and any further data you may need to thrive in the smart microwave oven industry. This smart microwave oven market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global smart microwave ovens market will grow from $3.33 billion in 2022 to $3.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart microwave ovens market is expected to grow to $4.65 billion in 2027 at a CAGR of 6.9%.

With increasing consumer preference for technologically advanced products, there is a rise in penetration of smart home appliances like smart microwave ovens. The smart microwave oven is gaining interest among consumers as it is remotely accessed and operated with a user-friendly interface. Most manufacturers of smart home appliances can communicate with Alexa, iOS, Droid, Dash, Nest, and Google Home through which instructions can be given to the smart oven. In 2020, Sharp Home Electronics Company of America (SHCA) announced the launch of the first smart countertop microwave oven that features Wi-Fi connectivity and Alexa compatibility for easy hands-free operation. The new smart microwave also responds to voice commands.

Cybersecurity paves risk to any smart appliance market with hackers providing a way to operate the appliance to cause harm to the user in any means. The smart microwave ovens can be set to pre-heat or can be controlled for temperature adjustments remotely which means a hacker can potentially cause harm to the user. For instance, in September 2020, according to Palo Alto Networks, a cybersecurity firm, presented a report showcasing, 31% of participants stated companies need to make significant improvements to their approach to IoT security. The safety issues arising due to cyber-attacks might hinder the market growth during the forecast period.

Scan-to-cook feature is a technology that makes the preparation and cooking of pre-packaged and frozen foods easier with a scan of the barcode over the package by the smartphone with the use of an associated app. The customized and recommended instructions are sent to the microwave oven with a barcode scan which results in the perfection of the meals being prepared. In in 2021, LG announced the launch of Double Oven Gas Slide-in Range and Over-the-Range Microwave Oven with the scan-to-cook feature. The brand has partnered with Boston-based AI start-up Food space Technology to develop the scan-to-cook feature. With a busy lifestyle globally, many families prefer frozen foods for meals and with the advantage of the Scan-to-cook feature the user need not depend on frozen food preparation instructions which takes the guesswork out of cooking and results in perfection which is expected to boost the demand of smart microwave oven market.

In January 2021, Weber-Stephen Products, LLC., a US-based manufacturer of charcoal, gas and electric grills and accessories acquired June for an undisclosed amount. The acquisition is an essential step towards the strategy to transform the outdoor cooking experience with digital goods, services, and experiences that make grilling more dynamic and interesting. June is a US-based home automation company.

Major players in the smart microwave oven market are Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE (Haier), Sharp, SAMSUNG, Robert Bosch, BSH Home Appliances Corporation, Dacor Inc.

Asia-Pacific was the largest region in the smart microwave oven market in 2022. Western Europe was the second-largest region in the global smart microwave oven market. The regions covered in the global smart microwave oven market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the smart microwave oven market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The smart microwave ovens market consists of sales of smart grill microwave ovens, smart convection microwave ovens, and other smart microwave ovens. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global smart microwave ovens market 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: Hypermarket and Supermarket, Speciality Store, Online Store, Other Distribution Channels

4) By End User: Commercial, Personal

    Table Of Contents

    1. Executive Summary

    2. Smart Microwave Oven Market Characteristics

    3. Smart Microwave Oven Market Trends And Strategies

    4. Smart Microwave Oven Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Smart Microwave Oven Market

    4.2 Ukraine-Russia War Impact On Smart Microwave Oven Market

    4.3 Impact Of High Inflation On Smart Microwave Oven Market

    5. Smart Microwave Oven Market Size And Growth

    5.1. Global Smart Microwave Oven Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Microwave Oven Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart Microwave Oven Market Segmentation

    6.1. Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Grill Microwave Oven

    Convection Microwave Oven

    Microwave/Light-wave Oven

    Other Product Types

    6.2. Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Bluetooth

    Wi-Fi

    NFC

    6.3. Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Hypermarket and Supermarket

    Speciality Store

    Online Store

    Other Distribution Channels

    6.4. Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Commercial

    Personal

    7. Smart Microwave Oven Market Regional And Country Analysis

    7.1. Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Smart Microwave Oven Market

    8.1. Asia-Pacific Smart Microwave Oven Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Smart Microwave Oven Market

    9.1. China Smart Microwave Oven Market Overview

    9.2. China Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Smart Microwave Oven Market

    10.1. India Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Smart Microwave Oven Market

    11.1. Japan Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Smart Microwave Oven Market

    12.1. Australia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Smart Microwave Oven Market

    13.1. Indonesia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Smart Microwave Oven Market

    14.1. South Korea Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Smart Microwave Oven Market

    15.1. Western Europe Smart Microwave Oven Market Overview

    15.2. Western Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Smart Microwave Oven Market

    16.1. UK Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Smart Microwave Oven Market

    17.1. Germany Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Smart Microwave Oven Market

    18.3. France Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Smart Microwave Oven Market

    19.1. Eastern Europe Smart Microwave Oven Market Overview

    19.2. Eastern Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Smart Microwave Oven Market

    20.1. Russia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Smart Microwave Oven Market

    21.1. North America Smart Microwave Oven Market Overview

    21.2. North America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Smart Microwave Oven Market

    22.1. USA Smart Microwave Oven Market Overview

    22.2. USA Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Smart Microwave Oven Market

    23.1. South America Smart Microwave Oven Market Overview

    23.2. South America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Smart Microwave Oven Market

    24.1. Brazil Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Smart Microwave Oven Market

    25.1. Middle East Smart Microwave Oven Market Overview

    25.2. Middle East Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Smart Microwave Oven Market

    26.1. Africa Smart Microwave Oven Market Overview

    26.2. Africa Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Smart Microwave Oven Market Competitive Landscape And Company Profiles

    27.1. Smart Microwave Oven Market Competitive Landscape

    27.2. Smart Microwave Oven Market Company Profiles

    27.2.1. Electrolux AB

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Whirlpool Corporation

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. LG Electronics

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Breville USA Inc.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Panasonic

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart Microwave Oven Market

    29. Smart Microwave Oven Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: India, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Japan, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Australia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Indonesia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: South Korea, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Western Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: UK, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Germany, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: France, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: Russia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: North America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: USA, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: South America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Brazil, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Middle East, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Africa, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 28: Electrolux AB Financial Performance
  • Table 29: Whirlpool Corporation Financial Performance
  • Table 30: LG Electronics Financial Performance
  • Table 31: Breville USA Inc. Financial Performance
  • Table 32: Panasonic Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: China, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: India, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Japan, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Australia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: South Korea, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: UK, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Germany, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: France, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: Russia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: North America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: USA, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: South America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Brazil, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Middle East, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Africa, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 28: Electrolux AB Financial Performance
  • Figure 29: Whirlpool Corporation Financial Performance
  • Figure 30: LG Electronics Financial Performance
  • Figure 31: Breville USA Inc. Financial Performance
  • Figure 32: Panasonic Financial Performance
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