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Smart Microwave Oven Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7436

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Published on

May 2020

Total pages

200

Table of Content

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About the Report

About the Report

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, and BSH Home Appliances Corporation.
 
The global smart microwave oven market is expected to grow from USD 1.86 billion in 2019 and to USD 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 USD 3.06 billion in 2023 at CAGR of 16.9%.
 
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, phone, smart dishwashers, smart speakers and more by which instructions to oven can be given through smart phones and without the need for manual instructions. The companies engaged in manufacturing of smart microwave ovens design, manufacture and market smart microwave oven with Bluetooth-, Wi-Fi-enabled, near-field communication and more technologies which enables the consumer to operate the smart device from anywhere for household and business users.
 
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.
 
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.
 
Cybersecurity paves risk to any smart appliance market with hackers providing a way to opertae 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. In 2017, hackers could control smart home appliances of LG including smart ovens of millions of customers due to a security flaw in the smart home appliances. The vulnerability in the LG SmartThinQ mobile app and cloud application HomeHack allowed to control user's smart appliances. LG in 2016 sold around 80 million smart home appliances including smart ovens to customers all of which were effected by security flaw. In 2019, June Oven, a smart oven of June was reported to pre-heat by itself without the interference of the user overnight. The safety issues arising due to cyber attacks might hinder the market growth during the forecast period.
 
Scan-to-cook feature is a technology which makes the preparation and cooking of pre-packaged and frozen foods easier with a scan of the barcode over the package by the smart phone with the use of an associated app. The customised and recommended instructions are sent to the microwave oven with a barcode scan which results in perfection of the meals being prepared. In 2019, Amazon launched Alexa smart oven with Scan-to cook feature which is a combination of microwave, convection cooker, air fryer, and food warmer which works well with many pre-packaged foods those by Amazon-owned Whole Foods as well. Whirlpool introduced the first scan-to-cook technology into the market. With a busy lifestyle globally many families prefer frozen foods for meals and with the advantage of Scan-to-cook feature the user need not depend on frozen food preparation instructions which takes guesswork out of cooking and results in perfection which is expected boost the demand of 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 smart microwave oven is gaining interest among consumers as it is remotely accessed and operated with an user-friendly interface. Most manufacturers 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 2018, LG introduced NeoChef� microwave oven which is equipped with LG's unique Smart Inverter technology which helps in preserving nutrients and retaining the flavor. This also exhibits an enhanced feature like Anti-Bacterial EasyClean� that helps in maintaining the oven clean. In 2019, GE announced that it's microwave ovens can be operated with Google Assistant using voice commands. Manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market growth.
 

Products

Products

1) By Product Type: Grill Microwave Oven; Convection Microwave Oven; Microwave/Light-wave Oven; Others 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


Companies

Electrolux AB; Whirlpool Corporation; LG Electronics; Breville USA Inc.; Panasonic; GE(Haier); Sharp; SAMSUNG; Robert Bosch; BSH Home Appliances Corporation; Dacor, Inc.; June Life Inc.; Tovala; Galanz; Midea; SANYO; Siemens; Kenmore; Emerson

Table of Contents

Table of Contents

1. Executive Summary

2. Smart Microwave Oven Market Characteristics

3. Smart Microwave Oven Market Size And Growth

3.1. Global Smart Microwave Oven Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Smart Microwave Oven Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Smart Microwave Oven Market Segmentation

4.1. Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Grill Microwave Oven

Convection Microwave Oven

Microwave/Light-wave Oven

Others

4.2. Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Bluetooth

Wi-Fi

NFC

4.3. Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Hypermarket and Supermarket

Speciality Store

Online Store

Other Distribution Channels

4.4. Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Commercial

Personal

5. Smart Microwave Oven Market Regional And Country Analysis

5.1. Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Smart Microwave Oven Market

6.1. Asia-Pacific Smart Microwave Oven Market Overview

6.2. Asia-Pacific Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Smart Microwave Oven Market

7.1. China Smart Microwave Oven Market Overview

7.2. China Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Smart Microwave Oven Market

8.1. India Smart Microwave Oven Market Overview

8.2. India Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Smart Microwave Oven Market

9.1. Japan Smart Microwave Oven Market Overview

9.2. Japan Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Smart Microwave Oven Market

10.1. Australia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Smart Microwave Oven Market

11.1. Indonesia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Smart Microwave Oven Market

12.1. South Korea Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Smart Microwave Oven Market

13.1. Western Europe Smart Microwave Oven Market Overview

13.2. Western Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Smart Microwave Oven Market

14.1. UK Smart Microwave Oven Market Overview

14.2. UK Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Smart Microwave Oven Market

15.1. Germany Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Smart Microwave Oven Market

16.3. France Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Smart Microwave Oven Market

17.1. Eastern Europe Smart Microwave Oven Market Overview

17.2. Eastern Europe Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Smart Microwave Oven Market

18.1. Russia Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Smart Microwave Oven Market

19.1. North America Smart Microwave Oven Market Overview

19.2. North America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Smart Microwave Oven Market

20.1. USA Smart Microwave Oven Market Overview

20.2. USA Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Smart Microwave Oven Market

21.1. South America Smart Microwave Oven Market Overview

21.2. South America Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Smart Microwave Oven Market

22.1. Brazil Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Smart Microwave Oven Market

23.1. Middle East Smart Microwave Oven Market Overview

23.2. Middle East Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Smart Microwave Oven Market

24.1. Africa Smart Microwave Oven Market Overview

24.2. Africa Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Smart Microwave Oven Market Competitive Landscape And Company Profiles

25.1. Smart Microwave Oven Market Competitive Landscape

25.2. Smart Microwave Oven Market Company Profiles

25.2.1. Electrolux AB

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Whirlpool Corporation

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. LG Electronics

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Breville USA Inc.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Panasonic

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

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

27. Smart Microwave Oven Market Trends And Strategies

28. Smart Microwave Oven Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: Asia-Pacific, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: China, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: India, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Japan, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Australia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Indonesia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: South Korea, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Western Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: UK, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Germany, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: France, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Eastern Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: Russia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: North America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: USA, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: South America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Brazil, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Middle East, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Africa, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Smart Microwave Oven Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Smart Microwave Oven Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Smart Microwave Oven Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Smart Microwave Oven Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Global Smart Microwave Oven Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: Asia-Pacific, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: China, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: India, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Japan, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Australia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Indonesia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: South Korea, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Western Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: UK, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Germany, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: France, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Eastern Europe, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: Russia, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: North America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: USA, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: South America, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Brazil, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Middle East, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Africa, Smart Microwave Oven Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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

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