This website uses cookies to improve your experience. By clicking “Accept” you are agreeing to our Privacy Policy.
Companies are investing heavily to develop advanced, sophisticated and efficient appliances in order to meet consumers’ desire for smart, innovative and efficient products. Such products with modern features indicate consumers’ desire for innovative home appliances and willingness to spend on modern, sophisticated gadgets that make accomplishment of daily tasks easy and efficient.
Panasonic’s new Smart Inverter Countertop Microwave Oven, capable of being activated through Alexa, is an example of such a product. Panasonic announced the product at CES 2022 in Las Vegas in the first week of January 2022, along with many other new products, including its new compact oven. The oven seeks to optimize convenience when performing multiple errands in the kitchen (understanding over one hundred common commands) and enables quick movement in the kitchen, especially when there is a lot of preparation to do. This smart microwave oven also has convenient manual controls and is able to monitor a food item’s humidity level, offering features to defrost, cook, or rewarm meals swiftly and evenly. Similarly, Samsung is offering extra personalized product experiences. The company announced more customization alternatives for its Bespoke line-up of domestic appliances, including over-the-range microwaves among Samsung's Family Hub and French 3-door and 4-door refrigerators, dishwashers and ranges.
Advancements in technology, demand for smart kitchen and related appliances, increased disposable incomes, and consumers’ desire for higher standards of living, ease of performing tasks in the kitchen, and multi-tasking are expected to drive the global microwave oven market. Analysts opine that quick technological advancements and competitive prices drive the buying of electronic and electrical devices in Europe. Indeed, of all ovens, microwaves represent the greatest sales percentage in the European Union (EU). Further, it has been observed that consumers have a tendency to acquire new gadgets before present appliances serve their useful lives, suggesting that such devices are considered status symbols or indicators of higher standards of living.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124