(I-BusinessNews.Com, January 12, 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.
Publisher's analysts forecast 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, Publisher considers the revenue generated from the sale of smart ovens to the residential segment.
The market is divided into the following segments based on geography: - APAC - Europe - North America - ROW
Publisher'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
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