Smart Oven Industry Outlook – Forecast (2022-2027)

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Smart Oven Market  Forecast (2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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• Smart Oven Market size is analyzed to grow at a
  CAGR of 18.9 during the forecast 2022-2027 to
  reach 1.95 billion by 2027.
• The deployment of the Internet of Things (IoT)
  through various home automation systems and home
  appliances is driving the growth of the smart
  oven market. Furthermore, advancements in Wi-Fi
  connectivity features, as well as LED and liquid
  crystal display systems, have fueled the
  worldwide smart oven market growth.
• The rising necessity for indirect access, as well
  as the fact that smart ovens provide direction to
  the user via a portable application that
  operates, manages, and produces ingredient
  specifications, help to cushion market expansion.
  

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• Key Takeaways
• In 2021, Residential Segment accounted for the
  largest segment of the Smart Oven market. The
  residential segment is growing as urbanization
  has spurred the demand for residential projects
  and has provided a large impetus to the use of
  inbuilt appliances in modern kitchens.
• APAC is estimated to grow at the highest CAGR of
  21.3 during the forecast period.
• Smart ovens provide better control by allowing
  customers to remotely modify the temperature and
  cooking settings.

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By Application - Segment Analysis Smart Oven
Market has been segmented into Residential,
Commercial. The Residential segment is expected
to grow at a fastest CAGR of 21.9 during the
forecast period. Over the last few years, smart
ovens have grown in popularity as an alternative
to traditional ovens. A smart oven is an oven
that has been programmed to connect to other
smart appliances in order to make cooking quick,
easy, and convenient.
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• Smart Oven Market- Competitive Landscape 
• LG Corporation (LG Electronics)
• Whirlpool Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)
• Panasonic Corporation
• Sharp Corporation
• Hitachi, Ltd.
• Robert Bosch GmbH

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Smart Oven Market Forecast (2022 - 2027) Learn
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