TMCnet News

Smart Connected Cooking Appliances Market - Segmentation, Forecast, and Analysis by Technavio
[September 22, 2017]

Smart Connected Cooking Appliances Market - Segmentation, Forecast, and Analysis by Technavio


According to the latest market study released by Technavio, the global smart connected cooking appliances market is expected to grow at a CAGR of close to 20% during the forecast period.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170922005030/en/

Technavio has published a new report on the global smart connected cooking appliances market from 20 ...

Technavio has published a new report on the global smart connected cooking appliances market from 2017-2021. (Graphic: Business Wire)

This research report titled 'Global Smart Connected Cooking Appliances Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The market research analysis categorizes the global smart connected cooking appliances market into the following product segments:

  • Ranges
  • Ovens
  • Others

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Global smart connected ranges market

In 2016, the smart connected ranges market had a share of over 45% of the global smart connected cooking appliances market. A range is a combined cooking appliance, which has two parts - stovetop and oven. Some of the key vendors such as Haier (GE ppliances), LG Electronics (News - Alert), and SAMSUNG offer smart connected ranges in their product portfolio. Some of the categories are involved in the ranges such as electric ranges, gas ranges, induction ranges, and double oven ranges. With the wireless technology enabled in these cooking appliances, customers can monitor and control the oven through their smartphones.



According to Tamal S, a lead home, kitchen, and large appliances research analyst at Technavio, "The awareness of smart connected appliances and need for comfortable life is increasing among consumers, which is driving the adoption of smart home systems. This, in turn, is likely to fuel the growth of this segment during the forecast period. Determining the remaining cooking time and changing the temperatures as per the need are few of the many advantages of smart connected ranges."

Global smart connected ovens market


SAMSUNG, LG Electronics, Robert Bosch, Haier (GE Appliances), June Life, Breville, and Whirlpool offer smart connected ovens. Through the wireless connectivity, customers can easily connect these ovens with their smartphones. These ovens can be electric or can use gas as the fuel.

Although smart connected ovens are expensive, customers adopt them for their user-friendly and reliable features, which are absent in the ordinary and traditional ovens. Increasing digitization in homes has created the desire among customers to spend on smart connected home appliances. In addition, the growing Internet of things (IoT) platform will help in the growth of the global smart connected cooking appliances market. However, many price-sensitive customers prefer regular ovens, which could be a major challenge for the market growth. Vendors need to develop their products in a mid-range category to attract more customers.

Global other smart connected cooking appliances market

The other smart connected cooking appliances market considers smart connected slow cookers, smart connected coffee makers, and smart connected cooktops. Newell Brands, Behmor, Koninklijke Philips (News - Alert), SMARTER APPLICATIONS, SAMSUNG, and Robert Bosch provide these appliances. Newell Brands provides smart connected slow cookers that can be operated through Wi-Fi connectivity. Some smart connected cooktops are induction cooktops, gas cooktops, and electric cooktops. Among these cooktops, induction and electric cooktops are powered by electricity. Due to the rising safety concerns and desire for quick heating and cooking, induction cooktops are gaining popularity in various regions.

"The use of induction cooktops is high among the European population when compared to the US population. Smart functions equipped in these types of cooktops provide another level of convenience and comfort, and hence, attract more customers. Vendors provide cooktops with smart connectivity, due to this, customers can easily control and access them remotely from anywhere," says Tamal.

The top vendors highlighted by Technavio's market research analysts in this report are:

  • Haier
  • LG Electronics
  • Robert Bosch
  • SAMSUNG
  • Whirlpool

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].


[ Back To TMCnet.com's Homepage ]