The Business Research Company's Latest Study On Smart Microwave Oven Market Global Report 2020-30: Covid 19 Growth And Change
LONDON, GREATER LONDON, UK, May 8, 2020 /EINPresswire.com/ — The global smart microwave oven market is expected to grow from $1.86 billion in 2019 and to $1.91 billion in 2020 at a growth rate of 2.76%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $3.06 billion in 2023 at rate of about 16.9%. With increasing consumer preference for technologically advanced products there is a rise in penetration of smart home appliances like smart microwave ovens. However, safety issues arising due to cyberattacks might hinder market growth during the forecast period.
The smart microwave oven market consists of sales of smart microwave oven and related products which include grill microwave oven, convection microwave oven, microwave/light-wave oven and more. Smart microwave ovens are programmed to connect to smart appliances such as phone apps, smart dishwashers, smart speakers and more, by which instructions to oven can be given through smart phones without the need for manual instructions. The companies engaged in
manufacturing of smart microwave ovens design, manufacture and market smart microwave ovens with Bluetooth, Wi-Fi-enabled, near-field communication and more technologies which enable the consumer to operate the smart device from anywhere.
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The global smart microwave oven market is further segmented based on type and geography.
By Product Type – Grill Microwave Oven; Convection Microwave Oven; Microwave/Light-wave Oven; Others
By Technology – Bluetooth; Wi-Fi; NFC
By Distribution Channel – Hypermarket and Supermarket; Specialty Store; Online Store; Other Distribution Channels
By End User – Commercial; Personal
By Geography – The global smart microwave oven market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American smart microwave oven market accounts for the largest share in the global smart microwave oven market.
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Trends In The Smart Microwave Oven Market
The scan-to-cook feature is a technology that makes the preparation and cooking of pre-packaged and frozen foods easier by scanning the barcode over the package with the use of an associated app on a smart phone. The customized and recommended instructions are sent to the microwave oven with a barcode scan, resulting in perfection of the meals being prepared.
Smart Microwave Oven Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides smart microwave oven market overviews, analyzes and forecasts smart microwave oven market size and growth for the global smart microwave oven market, smart microwave oven market share, smart microwave oven market players, smart microwave oven market size, smart microwave oven market segments and geographies, smart microwave oven market trends, smart microwave oven market drivers and smart microwave oven market restraints, smart microwave oven market’s leading competitors’ revenues, profiles and market shares. The smart microwave oven market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Smart Microwave Oven Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: Global Smart Microwave Oven Market
Data Segmentations: Smart Microwave Oven Market Size, Global And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Smart Microwave Oven Market Organizations Covered: Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG, Robert Bosch, BSH Home Appliances Corporation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa
Time Series: Five years historic (2015-19) and forecast (2019-23)
Other Information And Analyses: PESTEL analysis, smart microwave oven market customer information, smart microwave oven market product/service analysis – product examples, smart microwave oven market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global smart microwave oven market in 2020 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Smart Microwave Oven Industry: The report explains a number of strategies for companies in the smart microwave oven market, based on industry trends and company analysis.
Opportunities For Companies In The Smart Microwave Oven Sector: The report reveals where the global smart microwave oven industry will put on most $ sales up to 2023.
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