Smart Microwave Ovens Market Report 2025

The smart microwave ovens market size has grown rapidly in recent years. It will grow from $5.08 billion in 2024 to $5.99 billion in 2025 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to consumer convenience, energy efficiency, changing lifestyles, health consciousness, increasing disposable income.

The smart microwave ovens market size is expected to see rapid growth in the next few years. It will grow to $10.06 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to growing internet of things (IoT) integration, smart home ecosystems, customization and personalization, sustainability features, health-tech integration, market penetration in emerging economies. Major trends in the forecast period include increased connectivity and IoT integration, adoption of in-oven cameras for monitoring, expansion of pre-programmed cooking options, integration of recipe libraries and cooking guidance, focus on energy efficiency and sustainability.

The anticipated growth in the smart microwave ovens market is driven by the increasing adoption of smart home appliances. Smart homes, equipped with various internet-connected devices, enable homeowners to control and automate various aspects of their living space. Smart microwaves contribute to the sense of automation in smart homes, automating tasks efficiently. For instance, a November 2022 report, the State of the Connected Home, revealed that 77% of adults in the UK own at least one smart home appliance, reflecting a growing trend from 67% in 2020 and 76% in 2021. Additionally, the number of advanced adopters of smart home devices reached 26% in 2022, up from 24% in 2021 and 17% in 2020, emphasizing the increasing demand for smart microwave ovens.

The rise in disposable income is expected to further drive the growth of the smart microwave oven market. Disposable income, representing funds available for spending and saving after taxes and obligatory deductions, influences the adoption of appliances that save time and effort, such as microwave ovens. For example, according to the Bureau of Economic Analysis, US disposable personal income increased by $7.3 billion (less than 0.1 percent) in July 2023. Additionally, the World Bank reported that in 2021, lower-middle-income countries had per capita net disposal income ranging from $1,036 to $4,045, while upper-middle-income countries had per capita net disposal income ranging from $4,046 to $12,535. Increasing disposable income contributes significantly to the growth of the smart microwave oven market.

Major companies in the smart microwave ovens market are concentrating on improving their product lines by integrating innovative features, such as smart all-in-one microwaves, to meet the changing needs of consumers. Smart all-in-one microwaves are sophisticated kitchen appliances that merge traditional microwave functions with additional cooking methods like convection baking, air frying, grilling, and steaming, while incorporating smart technology for enhanced control and convenience. For example, in July 2024, Samsung Electronics, a South Korea-based company, launched a new series of smart all-in-one microwaves featuring an air fry function. This innovative product aims to provide a versatile cooking experience, enabling users to prepare healthier meals with less oil while preserving the taste and texture of fried foods. The microwaves are equipped with advanced smart technology, allowing users to adjust settings via a mobile app and access various cooking presets for added convenience.

In February 2022, Spectrum Brands Holdings, Inc., a U.S.-based company specializing in consumer products, acquired Tristar Products, Inc. for $325 million. This acquisition is aimed at strengthening Spectrum Brands Holdings, Inc.'s market position in the consumer products sector by integrating Tristar Products, Inc.'s diverse range of appliance and cookware solutions. This will expand its product offerings, drive operational efficiencies, and ultimately create more growth opportunities within its Home and Personal Care segment. Tristar Products, Inc. is a U.S.-based company that offers a variety of products, including home appliances such as smart microwave ovens.

Major companies operating in the smart microwave ovens market include Samsung Electronics Co. Ltd., Robert Bosch GmbH, Siemens AG, General Electric Company, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Smeg S.p.A., Toshiba Corporation, Whirlpool Corporation, BSH Home Appliances Corporation, Miele & Cie. KG, SharkNinja Operating LLC, Sharp Corporation, Breville Group Limited, Kenmore Brands, Dacor Inc., June Life Inc., Candy Hoover S.p.A., Tovala Inc., Galanz Group, Gorenje Group d.o.o., Teka Industrial S.A.U., Hisense Group Co. Ltd.

Asia-Pacific was the largest region in the smart microwave oven market in 2024. Western Europe was the second-largest region in the global smart microwave oven market analysis. The regions covered in the smart microwave ovens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart microwave ovens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart microwave ovens market consists of sales of smart grill microwave ovens, smart convection microwave ovens, and other smart microwave ovens. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A smart microwave oven is an appliance that connects to the internet, smartphones, or other smart devices through the cloud or dedicated apps. This connectivity provides enhanced control over the oven, allowing users to dictate its functions through app commands or other methods, such as voice commands.

Smart microwave ovens come in various types, including grill microwave ovens, convection microwave ovens, microwave/light-wave ovens, and others, employing technologies such as Bluetooth, Wi-Fi, and NFC. Grill microwave ovens leverage smart technology for grilling, offering time and space-saving benefits. These appliances are available through various channels such as hypermarkets, supermarkets, specialty stores, online platforms, and others, catering to both commercial and personal users.

The smart microwave oven market research report is one of a series of new reports that provides smart microwave oven market statistics, including smart microwave oven industry global market size, regional shares, competitors with a smart microwave oven market share, detailed smart microwave oven market segments, market trends and opportunities, and any further data you may need to thrive in the smart microwave oven industry. This smart microwave oven market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.