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Smart Ovens Market size is set to grow by USD 519.8 million from 2024-2028, Changing lifestyles in developed and developing economies boost the market, Technavio

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NEW YORK, July 26, 2024 /PRNewswire/ — The global smart ovens market size is estimated to grow by USD 519.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 20.65% during the forecast period. Changing lifestyles in developed and developing economies is driving market growth, with a trend towards high demand for energy-efficient microwave ovens. However, safety issues in mobile applications poses a challenge. Key market players include Alto Shaam Inc., Brandt Group, Breville Group Ltd., Electrolux group, General Electric Co., GoWISE USA, Haier Smart Home Co. Ltd., Hitachi Ltd., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Maestro Food Co., MIDEA Group Co. Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smeg S.p.a., Weber Stephen Products HK Ltd., and Whirlpool Corp..

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Smart Ovens Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 20.65%

Market growth 2024-2028

USD 519.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.57

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Alto Shaam Inc., Brandt Group, Breville Group Ltd., Electrolux group, General Electric Co., GoWISE USA, Haier Smart Home Co. Ltd., Hitachi Ltd., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Maestro Food Co., MIDEA Group Co. Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smeg S.p.a., Weber Stephen Products HK Ltd., and Whirlpool Corp.

Market Driver

The kitchen and home appliances sector accounts for one-quarter of a family’s energy consumption. Microwave ovens, as energy-efficient kitchen devices, have gained popularity due to their ability to cook food using less energy compared to traditional gas stoves or ovens. Vendors, such as LG Electronics Inc. And Samsung Electronics Co. Ltd., manufacture energy-efficient models like the NeoChef smart inverter microwave oven and the NV7B50TAK Series 5 Smart Oven with Cook Flex and Air Fry, which offer energy savings of up to 25%. With the increasing adoption of smart home systems, the demand for energy-efficient smart ovens is expected to rise, leading to market growth during the forecast period. 

Smart ovens are the latest trend in small kitchen appliances, offering convenience for busy lifestyles with advanced cooking processes. These ovens feature device connectivity, allowing hand-free control and distant cooking options. Their visually appealing designs make them a great addition to functional kitchen spaces. Other popular small appliances include juicers, coffee maker machines, electric kettles, microwaves, and more. Smart technology, such as Wi-Fi connectivity and smartphone apps, transforms these appliances into connected home devices. However, security concerns, data privacy, and hacking are important considerations. Manufacturers offer multiple function settings, temperature control, and additional cooking capabilities, ensuring energy efficiency and convenience. Tech-savvy consumers seek smart home devices that cater to health and wellness, including air fryers, blenders, and multi-function appliances. Online shopping, physical stores, and delivery options provide easy access to these smart appliances. Algorithms and personalized product recommendations offer nutritional information, calorie tracking, and recipes, enhancing the user experience. Innovations in single function and household/commercial manufacturing hubs continue to shape the smart oven market. Stay tuned for more updates on this exciting trend. 

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Market Challenges

Smart ovens, connected through mobile applications, offer convenience and flexibility for consumers. The use of SIM cards enables remote control, but network and battery issues on smartphones can disrupt communication, leading to suboptimal oven performance. Vendors must prioritize research and development to ensure the reliability and security of these applications. Mobile application failures pose a significant challenge to the global smart oven market, potentially hindering growth during the forecast period. Consumers require smartphones with robust battery life, high-speed processors, and reliable internet connectivity to effectively manage their smart ovens.The Smart Ovens market is experiencing significant growth due to the increasing demand for convenient and healthy cooking solutions. However, businesses face challenges in this sector. Online sales present opportunities but also require managing store hours and ensuring timely delivery. Product reviews and ratings are crucial for consumer trust, but manual supervision and safety features are essential for kitchen fires. Residential consumers seek energy-efficient, healthy cooking functions, and diet-specific options. Pre-programmed cooking modes and recipe libraries are key selling points, but remote monitoring and voice controls add value. Connected home appliances and digital platforms are the future, but offline channels and consumer electronics moguls remain important players. Counter top segment growth depends on Bluetooth, Wi-Fi, and companion apps. Safety features, nutrition, and energy efficiency are top priorities, with healthy cooking functions gaining popularity.

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Segment Overview 

This smart ovens market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineProduct 2.1 Smart microwave oven2.2 Small wall ovenGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline-  The offline distribution channel for smart ovens includes hypermarkets, convenience stores, clubhouse stores, specialty stores, and department stores. However, sales through these channels have decreased due to consumers’ shifting preference towards online shopping. To boost offline sales, vendors are partnering with local retailers and household appliance retail chains, such as Haier Group’s collaboration with GOME Retail and Suning in China. Vendors also establish clubs, like Haier Smart Home Co. Ltd.’s V58 and V140 clubs, to maintain relationships with regional distributors. Offline stores offer advantages, such as in-person technology demonstrations, which reduce confusion for customers. Elderly consumers, who value safety measures, also prefer purchasing from physical stores. Despite the decline in offline sales, extensive marketing efforts will sustain sales and contribute to the smart oven market’s growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global smart home appliances market is experiencing robust growth, driven by advancements in IoT technology and increasing consumer demand for convenience and energy efficiency. Concurrently, the global commercial combi ovens market is expanding as businesses seek versatile cooking solutions that offer efficiency and precision. In the residential sector, the microwave oven market is also on the rise, with innovations enhancing functionality and design. Together, these markets reflect a trend toward smart, efficient, and multifunctional kitchen appliances across both commercial and residential spaces.

Research Analysis

The Smart Ovens market is experiencing significant growth due to the increasing popularity of small kitchen appliances that offer convenience for busy lifestyles. These ovens incorporate advanced technologies such as device connectivity, hand-free control, and distant cooking options, making them a must-have for visually appealing and functional kitchen spaces. Smart Ovens are not just limited to cooking processes but also include juicers and other small appliances. Online shopping platforms and physical stores offer various options for purchasing these devices, with delivery being a convenient choice for customers. Digital platforms provide algorithms for personalized product recommendations, nutritional information, and calorie tracking, enhancing the user experience. Countertop segment smart ovens are equipped with Bluetooth, Wi-Fi, and companion apps for voice controls, cooking temperature settings, preheat functions, and safety features. These features make Smart Ovens an essential addition to modern kitchens, catering to the demands of tech-savvy consumers.

Market Research Overview

The Smart Ovens market is witnessing significant growth due to the increasing popularity of small kitchen appliances that cater to busy lifestyles. These ovens offer convenience through cooking processes made easier with smart technology, device connectivity, and hand-free control. With distant cooking options, users can monitor and adjust temperature settings from anywhere, making it a visually appealing and functional addition to modern kitchen spaces. Juicers, coffee maker machines, electric kettles, microwaves, and various other appliances are now being integrated with smart technology, allowing for Wi-Fi connectivity, smartphone apps, and connected homes. However, concerns regarding security, data privacy, and hacking continue to surface as more appliances become part of the smart home ecosystem. Tech-savvy consumers are drawn to the multiple function settings, energy efficiency, and sensor technology of these smart appliances, which also cater to health and wellness trends with air fryers, blenders, and other multi-function devices. Affordability, traditional ovens, and counter-top vs built-in options continue to be key considerations for both residential and commercial markets. Online shopping, physical stores, and delivery options offer flexibility for consumers, while algorithms, personalized product recommendations, nutritional information, calorie tracking, and recipes help make meal decisions based on dietary preferences and restrictions. Smart home technology integration and kitchen design trends further enhance the appeal of these high-quality, premium home appliances.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductSmart Microwave OvenSmall Wall OvenGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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 17,000 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Highlands Community Services Featured on “All Access hosted by Andy Garcia”

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Resolving the Rural Care Divide Through Compassion and Collaboration

LOS ANGELES, Sept. 8, 2026 /PRNewswire/ — An upcoming Public Television program will examine how community-based behavioral health initiatives resolve geographic isolation and systemic trauma through integrated local support.

Highlands Community Services will be featured in an upcoming Public Television segment of “All Access hosted by Andy Garcia” focusing on quality behavioral health solutions. The educational broadcast examines how trauma-informed treatment models resolve long-standing barriers to mental health and addiction recovery in rural areas. Viewers will gain insight into how partnering with first responders, law enforcement, and local schools creates a compassionate safety net for vulnerable individuals.

The production highlights how utilizing community partner and patient feedback addresses systemic service gaps. Highlands Community Services shares how focusing on a comprehensive system of care enables clinical leaders to refine services, crisis intervention programs and workforce development initiatives. The segment demonstrates how evidence-based care models replace institutional fragmentation with sustainable personal healing, building stronger and healthier local communities.

“We take great pride in the investments we make in our staff and resultantly our community. Our primary focus is to develop and provide a quality, sustainable, and responsive service array to meet the behavioral health needs of our community. Regardless of diagnosis or demographics, individuals should have consistent access to industry-leading, quality care close to home.” Rebecca Holmes, Executive Director of Highlands Community Services

In many rural regions, law enforcement personnel frequently serve as primary responders during acute behavioral health emergencies, leading to unnecessary arrests and strain on public resources. Resolving this challenge requires strong community partnerships that bridge public safety and clinical care. By equipping first responders, educators, and local agencies with trauma-informed training and direct referral pathways, community service networks divert individuals from the justice system into effective treatment settings.

Establishing these collaborative care frameworks ensures that mental health crises are met with clinical expertise and compassion, protecting public safety while fostering long-term recovery.

About “All Access hosted by Andy Garcia”: “All Access hosted by Andy Garcia” is an award-winning educational documentary series distributed across Public Television stations nationwide. The program offers viewers insightful coverage on groundbreaking developments in medicine, science, technology, and culture, hosted by acclaimed actor Andy Garcia. To learn more about the series and its commitment to educational broadcasting, visit allaccessptv.com.

About Highlands Community Services: Highlands Community Services is a regional public behavioral health provider delivering comprehensive mental health, substance use, developmental, and crisis intervention services across in Southwest Virginia. Grounded in a trauma-informed, person-centered philosophy, the organization collaborates with local partners to provide accessible, high-quality care. To explore career opportunities or learn more about community programs, visit www.highlandscsb.org.

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SOURCE All Access

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The Hashgraph Group and Merck with support from PwC Germany develop solution for cocoa traceability and digital product passports

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Integrated solution combines physical authentication, Hedera-powered traceability and enterprise process design to strengthen cocoa transparency, quality assurance, compliance readiness and consumer trust.

SCHWYZ, Switzerland, Sept. 8, 2026 /PRNewswire/ — The Hashgraph Group (THG) and science and technology company Merck, are piloting a cocoa traceability solution, with PwC Germany providing consulting and implementation support. The solution connects physical product authentication with blockchain-based digital records and enterprise process design.

The solution combines THG’s TrackTrace Digital Product Passport platform, Merck’s M-Trust™ physical authentication technology and PwC Germany’s consulting and implementation experience to help verify cocoa origin, authenticity, quality, food recall needs, and compliance data from farm to consumer.

The initiative responds to rising regulatory pressure and persistent data fragmentation across cocoa supply chains. By linking each physical batch to a trusted digital identity, the solution demonstrates how brands, processors and manufacturers can improve traceability, auditability and stakeholder transparency across the value chain.

Why cocoa traceability solutions matter

Cocoa supply chains are complex and difficult to verify. Millions of smallholder farms produce most of the world’s cocoa, with significant volumes moving through indirect supply chains before reaching processors and brands. Before there was no end-to-end digital solution and proof covering the first mile to chocolate production, today there is with THG, Merck, and PwC Germany’s solution.

How Cocoa Traceability Solutions supports EUDR regulations

The solution is designed to help cocoa value chain participants prepare for EUDR-related deforestation due diligence and the broader shift toward Digital Product Passports under ESPR. By linking cocoa products to origin, chain-of-custody, authentication and due diligence data, and quality controls, the solution can help companies demonstrate that products are deforestation-free, legally produced and supported by verifiable production-area information.

For processors, manufacturers and brands, the approach can reduce manual reconciliation, improve audit readiness and support faster, more targeted action during quality or recall events. It also creates a foundation for sharing trusted product data with authorised stakeholders and, where appropriate, with consumers.

What is the THG, Merck and PwC solution

The solution creates an individual Passport for each sellable item such as cocoa by anchoring real-world product and process events to a digital twin. TrackTrace records origin, supply chain, quality and compliance data on Hedera, while Merck’s M-Trust™ technology confirms that the physical product or package being scanned is genuine. PwC Germany supports the operating model by helping define the business processes, governance, workflows and training required for enterprise deployment.

At each handover or verification point, the individual Passport can be enriched with product identity, origin data, quality records, certificates, due diligence documentation and authentication events. Authorised stakeholders can access a verifiable chain of proof, while selected information can be shared with consumers through QR-code or scan-based experiences.

How does the solution track each verification point?

The solution creates a digital twin for each cocoa batch or product unit. At defined verification points, product events are captured through scans, system integrations or process inputs. M-Trust™ verifies the raw material, physical product and packaging, TrackTrace structures the event data and Hedera provides a trusted distributed ledger layer for timestamping and auditability.

How scalable is the Solution?

While cocoa is the initial showcase, the architecture is designed for broader use in sectors where provenance, authenticity, quality and regulatory compliance are critical, including food, pharmaceuticals, luxury goods, electronics and industrial components.

The solution also highlights the importance of implementation readiness. Beyond technology integration, scalable deployment requires clear operating procedures, partner onboarding, training, controls, data governance and change management.

What are the Partner Roles

The Hashgraph Group provides TrackTrace, the Hedera-powered Digital Product Passport and traceability platform that creates the digital twin, anchors key events and enables a tamper-proof audit trail across the cocoa value chain.

Merck provides the M-Trust™ layer, the physical authentication technology that uses secure markers and scanning devices to verify that the physical product or packaging corresponds to the digital record.

PwC Germany contributes to understanding the real business problems across the value chain, supports business process design, and helps develop use cases that translate problems into practical technology solutions. 

Executive commentary

“This solution shows how cocoa traceability can move beyond fragmented documentation and self-declared claims,” said Stefan Deiss, CEO and Co-Founder of The Hashgraph Group. “By integrating TrackTrace with Merck’s M-Trust™ technology and PwC’s process expertise, we can link any physical product, not limited to cocoa, to a trusted digital record. This integration provides enterprises with a more robust foundation for compliance, quality assurance, and consumer trust.”

“Digital traceability only delivers its full value when it is connected to physical proof,” said Thomas Endress, Executive Director, Head of M-Trust™ at Merck. “M-Trust™ verifies that the product being scanned is genuine, while TrackTrace records that authentication event as part of the product’s digital history.”

“TrackTrace, enabled by M-Trust™, is redefining product compliance and customer engagement. It addresses a critical challenge faced by cocoa processors—maintaining a verifiable trail not only of the finished product, but also of its raw materials, including their quality and compliance history. This proves to be a genuine game changer in the event of a food recall or a compliance investigation. Ultimately, the solution empowers companies to shift their perception of compliance from a cost burden to a driver of value creation,” said Husen Kapasi, Enterprise Blockchain Lead at PwC Germany. “PwC’s role is to help organisations in regulatory compliance, map out supply chain process, design solution based on requirements, define workflows and enable technology provider to make traceability operational at scale.”

About The Hashgraph Group

The Hashgraph Group is a digital enablement and venture building company focused on enterprise-grade solutions built on Hedera. Its TrackTrace platform supports Digital Product Passport, supply chain transparency and trusted product data use cases for regulated industries.

About Merck

Merck is a leading science and technology company. Through the M-Trust™ technology, Merck provides a physical authentication layer that immutably connects physical products and packaging to trusted digital records.

About PwC

At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com.  

In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each member firm of PwCIL is a separate and independent legal entity. 

The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details can be found at www.pwc.com/structure

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SOURCE The Hashgraph Group

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transcosmos launches trans-AI Chat, a generative AI chatbot, in Indonesia

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Reinforcing its commitment to transforming CX through AI-powered dynamic, human-like responses

TOKYO, Sept. 8, 2026 /PRNewswire/ — transcosmos today announced the official launch of trans-AI Chat, a generative AI-powered chatbot, in Indonesia. Unlike conventional chatbots that rely on predefined scripts and conversation flows, trans-AI Chat leverages the capabilities of large language models (LLMs) to understand conversational context, recognize customer intent, and generate dynamic, human-like responses.

The solution offers a range of intelligent capabilities that enable organizations to create more proactive, data-driven customer experiences. These include AI Follow-up Message Automation, which automatically sends personalized follow-up messages such as order status updates or product recommendations based on previous interactions; AI Evaluation, which continuously monitors AI responses to ensure accuracy, consistency, and alignment with the company’s knowledge base; and Unknown Keyword Detection, which automatically identifies new questions, phrases, or topics the AI cannot yet answer, enabling organizations to continuously enrich and improve their knowledge base.

One of trans-AI Chat’s key differentiators is its intelligent escalation capability, which seamlessly transfers conversations to human agents whenever empathy, complex decision-making, or specialized support is required. The complete conversation history and contextual information are automatically passed to the agent, eliminating the need for customers to repeat themselves. Developed around the concept of collaborative intelligence, this approach enables seamless collaboration between AI and human agents while ensuring a consistently high-quality customer experience across every touchpoint. Designed with high implementation flexibility, trans-AI Chat can be deployed across a wide range of industries, including banking, telecommunications, retail, FMCG, and automotive. The solution is particularly well suited for managing high volumes of customer interactions, ranging from financial service simulations and account management to interactive lead qualification.

As a leading CX and digital business services provider, transcosmos delivers integrated solutions that support various aspects of clients’ business operations in the Indonesian market. The company has earned several accolades, including Platinum Winner for Contact Center Operations and Silver Winner for Employee Engagement at the ICCA Awards—cementing its role as a key player in Indonesia’s CX and BPO industries. transcosmos reaffirms its ambition to be a strategic partner for digital transformation in Indonesia.

*transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.
*Other company names and product or service names used here are trademarks or registered trademarks of respective companies.

■ About transcosmos inc.
transcosmos launched its operations in 1966. Since then, we have united superior “people” with cutting-edge “technology” to enhance the competitive strength of our clients by providing them with superior and valuable services. transcosmos currently offers services that support clients’ business processes, focusing on both sales expansion and cost optimization through our 188 bases across 36 countries/regions with a focus on Asia, while continuously pursuing Operational Excellence. Furthermore, following the expansion of the e-commerce market on a global scale, transcosmos provides comprehensive One-Stop Global E-Commerce Services to deliver our clients’ excellent products and services to consumers in 46 countries/regions around the globe. transcosmos is committed to treating the challenges of its clients and society as its own—discussing and addressing their issues from planning to execution—and Make It Real, Together. Visit us here https://www.trans-cosmos.co.jp/english/

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SOURCE transcosmos inc.

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