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Smart Oven Market to Grow at a CAGR of 25.95% Between 2016-2020: Adoption of Broadband and Home Network

Latest research report study on "Global Smart Oven Market 2016-2020"

 

Albany, NY -- (SBWIRE) -- 06/13/2018 -- With advances in technology and the emergence of smart homes, integrated home appliances that can be connected to smartphones and allow monitoring from remote locations are gaining popularity. With improvement in network infrastructure, broadband and Internet penetration has increased, and consumers are increasingly opting for wireless and technologically advanced products to ensure convenience. In order to improve their product offerings and leverage on the trend of home automation, vendors are expanding their distribution channels and R&D expenditure. As the trend toward home automation and smart homes gains traction, the smart oven market will grow.

The global smart oven market to grow at a CAGR of 25.95% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart oven market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sale of smart ovens to the residential segment.

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The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Technavio's report, Global Smart Oven Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Dacor
Electrolux
GE
LG
Samsung

Other prominent vendors
Bosch
Haier
June
Panasonic
Sharp
Whirlpool

Market driver
Adoption of broadband and home network
For a full, detailed list, view our report

Market challenge
Threat from traditional microwave ovens
For a full, detailed list, view our report

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Market trend
Strong distribution channels
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?