Smart oven market to reach $501.4m by 2026

Smart appliances are developed to provide ease, convenience, and minimal time in preparing food. Technologically advanced and innovative smart oven are evidence of new age kitchen appliances that aim to reduce cooking time, save energy, and minimise efforts required for cooking or baking.

Leading market players launched new products that offer functionalities such as cooking, reheating, boiling, air frying, and others with smart control abilities to users. Moreover, remotely controlling the food preparation has become possible with the help of app and development smart appliances.

A large range of recipes have been made available to users through an app to enable ease in cooking. Smart appliance manufacturers have been upgrading their existing equipment to attract new users and convince users in switching to smart alternatives. The adoption of smart ovens is expected to grow in the coming years.

According to the report published by Allied Market Research, the global smart ovens market is expected to reach $501.4 million by 2026. Following are some of the trends and activities taking place across the world.

Market players have been addressing concerns of customers through their new products. The trend of new product launches has arrived as market players equip their offering with innovative functionalities.

As customers try to save space and prepare food in a limited time, cook-tech companies bring new appliance in the form of smart oven for their need. This oven is capable of performing different functionalities such as slow-cooking, reheating, dehydrating, roasting, and others. June, one of the leading technologically advanced cooking equipment development companies, launched the third-generation of its June Oven.

This equipment is able to perform 12 operations ranging from air frying to reheating of meals. It possesses a touchscreen interface for enabling users to control different applications along with the high-performance camera inside to identify food. It has an ability to determine nearly hundred varieties of food and begin cooking automatically. Moreover, it heats the only those areas that require heating, which in turn, saves energy and enable rapid cooking.

Matt Van Horn, the Co-Founder and Chief Executive Officer, highlighted that there has been a change in lifestyle and the company strives to become on the forefront to eliminate guesswork in cooking. The company launched the third generation of its smart oven to enable users cook effortlessly, seamlessly, and easily.

The equipment can be controlled through an app and remotely adjust cooking times, preheat, and control temperature. Users can access more than 400 recipes created by professional chefs. Through camera placed inside, users can view what is cooking. Through smart alerts, users will have a better control over the equipment. Such smart devices will be influential in saving energy and costs, and adopting smart cooking practices.

When it comes to launching smart products and addressing the concerns related to lifestyle change, the leading tech companies are holding no themselves back. LG, one of the leading smart appliance manufacturers, launched LG InstaView Double Oven Range and Over-the-Range Microwave Oven. It features the advanced technologies for cooking and offers an access to LG ThinQ recipes. With an aim to provide convenience and ease in cooking, these equipment offer complete user experience. Users can access over 10,000 recipes, plan their meals, and purchase ingredients through accompanying apps.

Various features and functionalities have been integrated into the new products. Its Double Oven Range provides the InstaView technology for enabling users see what is cooking inside with the help of double-tap on the glass. This enables users to view inside with the help of internal lights and without the requirement to open the door and escaping the heat. Moreover, its Over-the-Range Microwave Oven is equipped with the Steam Cook technology to help in cooking healthy and juicy food. In addition, it contains a vent system that lowers down the odour that lingers in the kitchen. These new devices would offer ease in cooking along with saving time required for cooking.

Along with offering new products, appliance manufacturers have been updating their existing appliances. GE Appliances introduced the Turkey Mode in its smart ovens. This eliminates the guesswork and preparation required during the cooking of the turkey.

Through over-the-air software upgrade, nearly half-a-million equipment can avail this mode. Customers can turn on the Turkey Mode through the smartphone app SmartHQ or the LCD screen placed on the oven. This mode will eliminate the fears regarding overcooking or undercooking or the weight of the bird and adjusting the cooking conditions accordingly.

This mode will calculate the cooking time accordingly to the weight and algorithms installed in the feature. Moreover, users can monitor the temperature and turkey in real time with the help of app and LCD screen.

The company highlighted that the scientists in the development team cooked hundreds of turkeys to develop an algorithm and aims to offer crispy and juicy food to users. This update is a part of the GE Appliances Precision Cooking program for its smart ovens. This program aims to provide guide in prepare the range of foods from baking cakes to cooking beefs. Such upgrades are estimated to convince users in switching to smart appliances for preparing food.

Written by Pratik Kirve, Team Lead, Allied Market Research