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Commercial High-Speed Hybrid Ovens Market size is set to grow by USD 43.2 million from 2024-2028, Growing food service industry boost the market, Technavio

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NEW YORK, July 1, 2024 /PRNewswire/ — The global commercial high-speed hybrid ovens market size is estimated to grow by USD 43.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 3.37% during the forecast period. Growing food service industry is driving market growth, with a trend towards increased adoption of integrated smart kitchen technology. However, long product replacement cycle poses a challenge. Key market players include Ali Group S.r.l. A Socio Unico, Alto Shaam Inc., Atollspeed GmbH, Baker Perkins Ltd., Bertazzoni Spa, Carbolite Gero Ltd., Celco Inc., Chefs Toys, Electrolux Professional AB, Haier Smart Home Co. Ltd., Hatco Corp., J L Lennard Pty Ltd., Markdraft, Panasonic Holdings Corp., Pratica USA, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trufrost Cooling Pvt. Ltd., WELBILT INC., and Whirlpool Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Commercial High-Speed Hybrid 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 3.37%

Market growth 2024-2028

USD 43.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.13

Regional analysis

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

Performing market contribution

APAC at 39%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

Ali Group S.r.l. A Socio Unico, Alto Shaam Inc., Atollspeed GmbH, Baker Perkins Ltd., Bertazzoni Spa, Carbolite Gero Ltd., Celco Inc., Chefs Toys, Electrolux Professional AB, Haier Smart Home Co. Ltd., Hatco Corp., J L Lennard Pty Ltd., Markdraft, Panasonic Holdings Corp., Pratica USA, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trufrost Cooling Pvt. Ltd., WELBILT INC., and Whirlpool Corp.

Market Driver

The commercial high-speed hybrid ovens market is experiencing growth due to the integration of advanced technologies. Bosch’s Home Connect technology enables remote preheating, recipe discovery, and temperature monitoring. Smart features include hassle-free maintenance, alert systems, enhanced safety, and remote control. These ovens offer user-friendly interfaces, advanced functions, and aesthetic designs, driving market growth during the forecast period. 

The Commercial High-Speed Hybrid Ovens market is experiencing significant growth due to the increasing demand for efficient and versatile cooking solutions. These ovens combine conventional and microwave technologies, providing faster cooking times and more even heating. The use of advanced features like temperature control, convection technology, and energy efficiency is driving trends in this market. Additionally, the ability to cook multiple dishes at once and the convenience of easy-to-use interfaces are key factors contributing to the popularity of high-speed hybrid ovens. Overall, the market is expected to continue growing as businesses seek to improve their foodservice operations and enhance customer experiences. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Commercial high-speed hybrid ovens in the market, from leading brands like Haier Group, Panasonic Corporation, and Whirlpool Corporation, are known for their durability. Made of stainless steel or robust metals, these appliances have extended replacement cycles. However, their constant contact with water during cleaning increases the risk of rusting. To address this, vendors use stainless steel or high-grade plastic materials and invest in research and development for longer operational life. Long product lifespan reduces frequent purchases, while adherence to regulations and low maintenance further contribute. This long replacement cycle is a challenge, but it’s expected to fuel the growth of the global commercial high-speed hybrid ovens market.The Commercial High-Speed Hybrid Ovens market faces several challenges. These ovens require advanced technology for combining convection and infrared heating. The integration of these technologies presents complex design issues. Additionally, the cost of these ovens can be high due to the use of advanced components. Energy efficiency is another challenge, as these ovens consume significant power. Furthermore, the market is competitive, with many players offering similar products. Regulations regarding food safety and energy efficiency also pose challenges for manufacturers. Lastly, keeping up with consumer demands for faster cooking times and even heating requires continuous innovation.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This commercial high-speed hybrid ovens market report extensively covers market segmentation by  

Product 1.1 Touchscreen1.2 DigitalDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Touchscreen- The touchscreen commercial high-speed hybrid ovens market is growing due to their user-friendly interface and ability to store numerous custom programs. Companies like Welbilt and Middleby offer ovens with over 500 programs. However, challenges such as touchscreen damage, high servicing costs, and unresponsive screens can impact operational efficiency and increase costs. Despite the higher price of around USD12,500 compared to digital ovens at USD11,500, the touchscreen interface remains popular among end-users.

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 Facilities Management Market is experiencing robust growth, driven by increased urbanization and a focus on operational efficiency. This market encompasses a range of services, from maintenance to energy management, ensuring optimal functionality of facilities. Concurrently, the global Industrial HVAC Market is expanding, fueled by advancements in technology and the rising demand for energy-efficient solutions. Both markets are integral to enhancing the productivity and sustainability of industrial operations. As a Senior Research Analyst with over seven years of experience in market research, I specialize in analyzing these dynamic sectors, providing strategic insights and data-driven recommendations.

Research Analysis

The Commercial High-Speed Hybrid Ovens market caters to the culinary industry, including restaurants, cafes, and institutional kitchens. These ovens combine the functionality of conventional ovens and microwaves, offering versatility in cooking applications. Advanced technologies, such as smart controls and energy-efficient technology, ensure optimal temperature and moisture levels, enhancing cooking efficiency. Refrigeration units, commercial freezers, and refrigeration units are often integrated into these systems for added convenience. Sustainability is a key consideration in the food sector, making eco-friendly materials and energy savings essential features. Specialty models cater to specific needs, such as food dehydration and pizza alternatives. The market continues to evolve, with a focus on smart kitchens and advanced technologies to meet the demands of chefs and restaurant owners.

Market Research Overview

The Commercial High-Speed Hybrid Ovens market encompasses innovative baking solutions that combine conventional and modern technologies. These ovens offer faster cooking times, energy efficiency, and versatility in handling various food types. The market is driven by the growing demand for quick service restaurants, increasing consumer preference for ready-to-eat meals, and the need for large-scale food production in institutions. The hybrid ovens’ ability to cook multiple dishes simultaneously and their energy-saving features make them a popular choice for commercial kitchens. Additionally, the ongoing trend towards automation and the integration of IoT technologies in commercial kitchen equipment further boosts the market’s growth. The market is expected to witness significant growth in the coming years due to these factors.

Table of Contents:

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

ProductTouchscreenDigitalDistribution ChannelOfflineOnlineGeographyNorth 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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SOURCE Technavio

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Eoptolink Releases OSFP 1.6T DR8 and 2FR4 Series Transceivers for AI/ML Clusters and Cloud Datacenter Networks

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CHENGDU, China, Sept. 20, 2024 /PRNewswire/ — Eoptolink Technology Inc., Ltd. (SZSE: 300502), a leading innovator and provider of advanced optical transceiver solutions, announces the release of its OSFP 1.6T DR8/DR8-2 and 2xFR4 transceivers enabling the next generation high bandwidth networks for AI/ML clusters and cloud datacenters.

Eoptolink 1.6T OSFP transceivers have 8 electrical host interfacing lanes and 8 optical lanes operating at 212.5Gb/s (106GB with PAM4). Equipped with the industry’s latest DSP, these modules support transmission distances of up to 2km without the need to regenerate the FEC. The 1.6T DR8 and DR8-2 modules comes with either one MPO-16 adapter for point-to-point (P2P) connections or two MPO-12 adapters for 2x800G breakout applications. The 1.6T 2xFR4 modules are designed with a dual duplex LC connector running with 2 pairs of fibers only, which could help users to save fiber resources compared to DR8 and DR8-2 versions.

The 1.6T DR8/DR8-2 and 2FR4 Portfolio consists of: – 

EOLO-13T-5H-XMX    OSFP 1.6T DR8, 1×1.6TbE, 500m, MPO-16
EOLO-13T-5H-XDX    OSFP 1.6T DR8, 2x800GbE, 500m, Dual MPO-12
EOLO-13T-02-XMX    OSFP 1.6T DR8-2, 1×1.6TbE, 2km, MPO-16
EOLO-13T-02-XDX     OSFP 1.6T DR8-2, 2x800GbE, 2km, Dual MPO-12
EOLO-16T-02-XXX     OSFP 1.6T 2FR4, 2x800GbE, 2km, Dual Duplex LC

Eoptolink OSFP 1.6T transceivers feature both EML and SiPh-based solutions, and testing has demonstrated excellent performance. “We are very proud of our optical and RF design teams, says Sean Davies, VP Sales, Eoptolink Technology Inc., Ltd. “Our 1.6T OSFP modules do not need an additional FEC on the optical side and this results in lower latency and power consumption of the modules simplifying the complete system and helping our AI and cloud customers in their work.”

About Eoptolink

Eoptolink Technology Inc., Ltd. (SZSE: 300502), a publicly traded company in China, is a leading innovator and provider of advanced optical transceiver solution for data center, enterprise and telecom networks. Eoptolink is dedicated to research, develop, manufacture and markets a diverse portfolio of high-performance optical transceivers for AI, Cloud Data Center, 4G/5G wireless, Transport & Datacom and FTTX applications all over the world.

Contact Us

China(HQ):   

No.510 Wulian Avenue, Chengdu 610200

USA:   

3191 Laurelview Court, Fremont, CA 94538

Thailand:   

390/21 Moo 2, Khao Khan Song, Sriracha, Chonburi 20110

E-mail:  

sales@eoptolink.com 

 

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SOURCE Eoptolink Technology Inc., Ltd.

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Flat Ads Makes Its Mark at DMEXCO 2024: Showcasing Strength in Programmatic Advertising

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COLOGNE, Germany, Sept. 20, 2024 /PRNewswire/ — In September, Flat Ads makes its mark at DMEXCO 2024, the prestigious European event of digital marketing and technology. The highly successful exhibition boasts 650 exhibitors, 850 speakers, and thousands of participants. At the event, Flat Ads showcased the strength of programmatic advertising platform in ad delivery, traffic optimization, and brand safety.

Flat Ads programmatic advertising platform has an exclusive developer traffic of 700 million and an extensive network spanning over 200 countries and regions worldwide. It cooperates with over 200 leading DSP/SSP partners, including FreeWheel, PubMatic and Criteo, leveraging an efficient and complete bidding system, as well as automatic delivery algorithms, to achieve precise marketing and advertising effectiveness maximization.

With its exclusive platform strategy algorithm, Flat Ads programmatic advertising platform can continuously conduct automatic exploration and matching based on the characteristics of DSP and traffic, optimize and adjust the algorithm model in real-time. This not only ensures the sustainability of DSP budgets, but also maximizes traffic utilization and enhances monetization revenue of advertisements.

Moreover, brand protection is among the top priorities of Flat Ads. In addition to accessing to authority agency Pixalate to test the effectiveness of ads, it has also accessed HUMAN, the global cybersecurity authority to safeguard its clients by preventing bot attacks, digital fraud and abuse, ensuring a stable, reliable, and secure programmatic advertising transaction platform.

By participating in DMEXCO 2024, Flat Ads showcased its outstanding strength and fruitful achievements in the programmatic advertising field, attracting the attention of numerous advertisers and developers for cooperation. Flat Ads boasts not only robust technical capabilities and innovative prowess, but also an active and open attitude towards emerging technologies, embracing and exploring them. It remains committed to providing more professional and efficient global marketing services to advertisers and developers worldwide, helping clients stand out in the fiercely competitive market and achieve business growth.

As a globally leading mobile advertising marketing platform, Flat Ads currently operates offices in Singapore, Indonesia, Hong Kong, and Guangzhou, serving over 1000 clients with global marketing solutions. If you’re interested in Flat Ads’ programmatic advertising services, please visit www.flat-ads.com.

View original content:https://www.prnewswire.co.uk/news-releases/flat-ads-makes-its-mark-at-dmexco-2024-showcasing-strength-in-programmatic-advertising-302253872.html

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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