Market Research Logo

Global Smart Microwave Oven Market 2015-2019

Market outlook of the smart microwave oven

Following the growing trend towards smart homes and connected devices, the adoption of smart homes appliances has increased exponentially, which simultaneously fueled the growth of the global smart microwave oven market, posting a massive CAGR of nearly 28% during the forecast period. Development in network infrastructure has increased the use of broadband and internet and consumers are increasingly shifting to wireless and technologically advanced products to ensure more convenience while cooking for their families.

With advancement in technology and emergence of smart homes, there is an increase in smart appliances which can be connected to smart phones and enable the monitoring of cooking procedures from remote locations. One of the major drivers is the Internet of things (IoT), which is expected to drive any vendor associated with the field of technology during the forecast period.

Geographical segmentation of the smart microwave oven market

  • APAC
  • Europe
  • North America
  • ROW
The smart microwave oven market is dominated by North America accounting for over 38% of the revenue generated in 2014, followed by APAC and Europe. The market is expected to grow at a consistent pace in North America as US and Canada will see a high penetration of smart appliances in the future as broadband and connected devices will be available in more houses.

Competitive landscape and key vendors

The smart microwave oven market includes well-diversified international and regional vendors. However, as international players are increasing their outline in the market, regional vendors are finding it increasingly difficult to compete with them in terms of quality, technology, and pricing.

Top vendors in this market are -
  • Breville
  • GE
  • June
  • LG
  • Samsung
Other prominent vendors included in this report are Bosch, Electrolux, Haier, Panasonic, Sharp, and Whirlpool.

Growth drivers, challenges, and upcoming trends: Smart microwave oven

Technavio’s market research analysts highlight the introduction of many innovative applications and solutions such as advances in video asset management solutions. The changes in consumer preferences are forcing vendors to deliver innovative residential security solutions with high efficiency to survive the commoditization in the market.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global smart microwave oven market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global smart microwave oven market?
  • What are the key market trends impacting the growth of the global smart microwave oven market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global smart microwave oven market?
  • What are the market opportunities and threats faced by the vendors in the global smart microwave oven market?
  • What are the trending factors influencing the market shares of North America, Europe, APAC, and ROW?
  • What are the key outcomes of the five forces analysis of the global smart microwave oven market?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Smart Home M2M Market in UK: Market Research Report 2015-2019
  • Smart Home M2M Market in Western Europe 2015-2019
  • Global Smart Grid Home Area Network (HAN) Market 2015-2019
  • Smart Home M2M Market in the US 2015-2019
  • Connected M2M Home Appliance Market in the US 2014-2018


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Microwave Oven Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Smart Microwave Oven Market: Breville, GE, June, LG and Samsung
Other Prominent Vendors in the market are: Bosch, Electrolux, Haier, Panasonic, Sharp, and Whirlpool.
Commenting on the report, an analyst from Technavio’s team said: “With the improving economic conditions in Europe, vendors in the market are increasingly investing in R&D. The market is witnessing the introduction of many innovative applications and solutions, for instance, advances in video asset management solutions. In addition, the main aim of vendors is to reduce the cost of expansion, storage, and maintenance of security solutions.”
According to the report, with the increase in the purchasing power of people, there has been an increase in the discretionary spending of consumers. This trend has led to an increase in expenditure on household appliances and will affect the market for microwave ovens as well. As people opt for energy-efficient appliances with user-friendly interfaces for easy and less time-consuming cooking, the market for smart appliances will gain traction.
Further, the report states that the lack of awareness about the cost and energy savings enabled by the smart microwave ovens as well as about the convenience offered in cooking is affecting the growth of the market.

Companies Mentioned

Breville, GE, June, LG, Samsung, Bosch, Electrolux, Haier, Panasonic, Sharp, Whirlpool.

  • Executive summary
    • Highlights
  • Scope of the report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Timeline of smart homes
      • Table Evolution in smart technologies
      • Table Global smart appliances market 2014-2019 ($ billions)
    • Global smart microwave oven market 2014-2019
      • Table Global smart microwave oven market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global smart microwave oven market by geographical segmentation 2014-2019
      • Table Global smart microwave oven market by geographical segmentation 2014-2019 ($ billions)
      • Table Global smart microwave oven market by geographical segmentation 2014
      • Table Global smart microwave oven market by geographical segmentation 2019
      • Table Global smart microwave oven market by geographical segmentation 2014-2019
    • Smart microwave oven market in North America
      • Table Smart microwave oven market in North America 2014-2019 ($ billions)
      • Table Application-wise segmentation of smart home market in North America 2014
      • Table Distribution of expenditure on smart home appliances in US 2014
      • Table Smart home market in US 2014-2019 ($ billions)
    • Smart microwave oven market in Europe
      • Table Smart microwave oven market in Europe 2014-2019 ($ billions)
      • Table Distribution of smart home products per type of residence in Europe 2014
      • Table Country-wise smart home installation in Europe 2014
    • Smart microwave oven market in APAC
      • Table Smart microwave oven market in APAC 2014-2019 ($ billions)
      • Table Average per capita disposable income in India and China 2009-2013 ($)
      • Table Distribution channel of home appliances in APAC 2014
      • Table Smart appliance market in China 2014-2019 ($ billions)
    • Smart microwave oven market in ROW
      • Table Smart microwave oven market in ROW 2014-2019 ($ billions)
  • Market drivers
    • Table Global smart home market 2015-2019 ($ billions)
    • Table Factors enabling growth of Internet of Things
    • Table Features of IoT
    • Table Number of connected devices 2014-2019 (billion units)
    • Table Connected devices per person 2005-2019 (units)
    • Table Forecast number of connected devices by type 2019 (units)
    • Table Expenditure on household appliances in US, UK, and India 2013 and 2014 ($ billions)
    • Table Region-wise distribution of middle class population (billions)
    • Table Global semiconductor market 2014-2019 ($ billions)
    • Table Drivers for use of sensors in smart appliances
    • Table Smart grid investment by governments in major global economies 2011 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Expected reduction in ASP of major smart appliances 2014-2019
    • Table Product safety issues in smart appliances
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Percentage of omnichannel shoppers in US 2014
    • Table Success of MAID microwave oven on crowdsourcing site Kickstarter
    • Table Percentage of single person households 2003 and 2013
  • Vendor landscape
    • Competitive scenario
    • Market vendor analysis 2014
      • Table Samsung: R&D investment 2010-2013 ($ billions)
      • Table Samsung: R&D personnel 2010-2013
      • Table Samsung: CSR investment 2011-2013 ($ millions)
  • Other prominent vendors
    • Table Other prominent vendors in smart appliance market
    • Table Smart appliance products by Haier
  • Key vendor analysis
    • Breville
      • Table Breville: Product segmentation
    • GE
      • Table GE: Business segmentation by revenue 2014
      • Table GE: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table GE: Geographical segmentation of appliances and lighting segment by revenue 2014
    • June
    • LG
      • Table LG: Business segmentation
      • Table LG: Geographical segmentation 2014
    • Samsung
      • Table Samsung: Business segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report