The report on the Global Microwave Oven Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Microwave oven is an electrical appliance used for cooking and heating of food and pre-cooked foodstuffs. Microwave oven uses dielectric technology to produce thermal which heats the food inside it. Food can be cooked and heated at desired temperatures in a microwave oven. Microwave refers to electromagnetic micro waves on which the microwave oven technology works. A variety of food and foodstuffs can be cooked and heated in a microwave oven including frozen foodstuffs, daily meals, fast food and bakery products. A microwave oven is an essential element in baking bakery products such as cakes, pastries, hot chocolate eateries and other bakery foods.
Microwave oven has both commercial as well as residential applications. Microwave ovens can heat and cook food in a very short time span efficiently and is thus becoming popular kitchen appliance. It is an efficient and easy to use device which has almost eliminated the conventional heating and cooking techniques. Global microwave oven market is segmented on the basis of structure into cooktop and built in. Applications bifurcate the global microwave oven market into household and commercial. Further this report is classified by products as grill, solo and convection.
Efficient beneficial features of microwave oven has led to its increased used on household level for cooking and heating which is a significant factor fueling the growth of this market. In addition, shift in food consumption trends of the modern consumer prominently empowers the growth of global microwave oven market. Use of innovative and energy saving technology in microwave oven production by vendors assures high market penetration for the forecast. High cost of production is expected to hinder market growth to some extent.
Expansion of bakery industry and demand for bakery products is expected to open new opportunities for this market. North America and Europe are dominant regions of this market. High consumption of frozen food and fast food in these regions drive market growth rapidly. Europe and North America are mature markets owing to their high economic stability. Asia Pacific is expected to be the fastest growing region over the forecast. Developing economies like India and China and their ever-increasing population is expected to facilitate rapid growth for the global microwave oven market.
Key participants in the global microwave oven market are:
- Vulcan-Hart
- Bakers Pride Oven Co. Inc.
- Alto-Shaam Inc.
- Sharp Corporation
- GE Applications
- Frigidaire
- Kenwood Limited
- Electrolux AB
- Maytag Corporation
- Hoover Limited
- Bonnet International
- Samsung Electronics Co Ltd.
- Panasonic Corporation
- Manitowoc Foodservice
- LG Electronics Inc.
SEGMENTATIONS IN REPORT:
Microwave Oven By Product
Microwave Oven By Structure
Microwave Oven By Application
Microwave Oven By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Microwave Oven Market has been exhibited in detail in the following chapters -
Chapter 1 Microwave Oven Market Preface
Chapter 2 Executive Summary
Chapter 3 Microwave Oven Industry Analysis
Chapter 4 Microwave Oven Market Value Chain Analysis
Chapter 5 Microwave Oven Market Analysis By Product
Chapter 6 Microwave Oven Market Analysis By Structure
Chapter 7 Microwave Oven Market Analysis By Application
Chapter 8 Microwave Oven Market Analysis By Geography
Chapter 9 Competitive Landscape Of Microwave Oven Companies
Chapter 10 Company Profiles Of Microwave Oven Industry