Smart Microwave Oven Global Market Report 2020-30: Covid 19 Impact And Recovery
Smart Microwave Oven Global Market provides the strategists, marketers and senior management with the critical information they need to assess the global smart microwave oven market. With increasing consumer preference for technologically advanced products there is a rise in penetration of smart home appliances like smart microwave ovens.
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 CAGR of 16.9%.
Top Leading Companies mentioned are:
Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG, Robert Bosch, and BSH Home Appliances Corporation.
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In 2019, LG Electronics USA, Inc., a South Korea-based leading manufacturer of home appliances, consumer electronics and mobile communications partnered with Tovala. The partnership of integrating Tovala IQ technology into LG smart ovens benefits both the companies and the customers as the customers can scan the Tovala’s food package barcode to extract the data from Tovala’s database for the final preparation of the food. Tovala, a US-based all-in-one appliance and gourmet meal service which aims at simplifying home cooking with the meals prepared by professional chefs and delivered to doorstep which require few minutes for final preparation.
This report provides a detailed analysis of the Smart Microwave Oven market with a description of market sizing and growth, segmentation of the market by products & services and major markets, top market players, etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
By Type: Grill Microwave Oven; Convection Microwave Oven; Microwave/Light-wave Oven; Others
By Technology: Bluetooth; Wi-Fi; NFC
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Smart Microwave Oven Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Geographically, this report is segmented into several key Regions, with sales, revenue, Market Share (%) and Growth Rate (%) of Smart Microwave Oven in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
North America was the largest region in the smart microwave oven market in 2019. Asia Pacific was the second largest region in the smart microwave oven market in 2019.
Furthermore, the report provides a detailed analysis of the global Smart Microwave Oven market with an analysis of market size by value and volume. Along with this, an analysis of the penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Smart Microwave Oven market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years,externally verified to gain market size.
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1-Free country level analysis for any 5 countries of your choice
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.