Smart Microwave Oven Market Size, Share, Opportunities, And Trends By Technology (Bluetooth, Wi-Fi, NFC), By End User (Commercial, Personal), And By Geography - Forecasts From 2023 To 2028

  • Published : Feb 2023
  • Report Code : KSI061610844
  • Pages : 114

The global smart microwave oven market is projected to witness a CAGR of 21.82% during the forecast period to reach a total market size of US$2.633 billion by 2023, increasing from US$0.806 billion in 2017.

A smart microwave oven connects to a home network usually via Wi-Fi and expanded facilities like moisture sensors to avoid drying out food and can communicate with smartphones. Development in the network infrastructure has increased the use of broadband and the internet has shifted consumers rapidly towards smart appliances for a technologically advanced product, better convenience and remote location access to the appliance is a major factors for the growth of the market. The internet of Things is a major driver for the growth of the market during the forecast period. On the other hand, concerns related to secure connectivity and higher prices will restrain the global market.

By End-User

In terms of end-user of a smart microwave ovens, the global market is segmented as commercial and personal. Among this end-user, the personal use market is more prominent due to remote location access energy-efficient and user-friendly interface. The increasing disposable income is also a major factor in the growth of smart microwave ovens. 

By Geography

Geographically, the global smart microwave oven market is segmented as North America, Europe, Middle East & Africa, Asia -Pacific, and South America. Owing to technological advancement and their acceptance of augmented cooking methodologies across North America and other European countries will raise the market for smart microwave ovens.

Competitive Landscape

The global smart microwave oven market is competitive owing to the presence of well-diversified global players. However, some big global players dominate the market with their advancing technology like LED displays, motion sensors, music libraries, and cooking recipe instruction. Some of the key players in the smart microwave oven market are June Life Inc., General Electric, Breville USA Inc., Electrolux AB, Panasonic, Sharp, whirlpool Corporation, Tovala, BSH Home Appliances Corporation, Dacor Inc., SAMSUNG and LG Electronics.


The global smart microwave oven market is segmented by technology, end-user, and geography.

  • By Technology
  • Bluetooth
  • Wi-Fi
  • NFC


  • By End User
  • Commercial
  • Personal


  • By Geography
  • North America
  • United States
  • Canada
  • Others


  • South America
  • Brazil
  • Others


  • Europe
  • Germany
  • France
  • United Kingdom
  • Others


  • Middle East and Africa
  • Israel
  • Saudi Arabia
  • South Africa
  • Others


  • Asia Pacific
  • Japan
  • China
  • India
  • Others

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2.1. Research Design
2.2. Secondary Sources
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Global Smart Microwave Oven Market Forcast By Technology 
5.1. Bluetooth 
5.2. Wi-Fi
5.3. NFC 
6. Global Smart Microwave Oven Market Forecast By End User 
6.1. Commercial
6.2. Personal
7. Global Smart Microwave Oven Market Forecast By Geography
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Others
7.2. South America
7.2.1. Brazil
7.2.2. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. South Africa
7.4.4. Others
7.5. Asia Pacific
7.5.1. Japan
7.5.2. China
7.5.3. India
7.5.4. Others
8.1. Recent Deals and Investment
8.2. Strategies of Key Players
8.3. Investment Analysis
9.1. Whirlpool Corporation
9.1.1. Company Overview
9.1.2. Financials
9.1.3. Product and Services
9.1.4. SWOT Analysis
9.2. Tovala 
9.2.1. Company Overview
9.2.2. Financials
9.2.3. Product and Services
9.2.4. SWOT Analysis
9.3. Electrolux AB
9.3.1. Company Overview
9.3.2. Financials
9.3.3. Product and Services
9.3.4. SWOT Analysis
9.4. June Life Inc.
9.4.1. Company Overview
9.4.2. Financials
9.4.3. Product and Services
9.4.4. SWOT Analysis
9.5. General Electric
9.5.1. Company Overview
9.5.2. Financials
9.5.3. Product and Services
9.5.4. SWOT Analysis
9.6. Breville USA Inc.
9.6.1. Company Overview
9.6.2. Financials
9.6.3. Product and Services
9.6.4. SWOT Analysis
9.7. BSH Home Appliances Corporation
9.7.1. Company Overview
9.7.2. Financials
9.7.3. Product and Services
9.7.4. SWOT Analysis
9.8. Dacor, Inc.
9.8.1. Company Overview
9.8.2. Financials
9.8.3. Product and Services
9.8.4. SWOT Analysis
9.9.1. Company Overview
9.9.2. Financials
9.9.3. Product and Services
9.9.4. SWOT Analysis
9.10. LG Electronics.
9.10.1. Company Overview
9.10.2. Financials
9.10.3. Product and Services
9.10.4. SWOT Analysis

Whirlpool Corporation
Electrolux AB
June Life Inc.
General Electric
Breville USA Inc.
BSH Home Appliances Corporation
Dacor, Inc.
LG Electronics.