A recent report published by Infinium
Global Research on the microwave oven market provides an in-depth analysis of
segments and sub-segments in the global as well as regional microwave oven
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional microwave oven market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global microwave oven market. According to
the report, the global microwave oven market is projected to grow at a CAGR of
5.2% over the forecast period of 2019-2025.
The microwave oven is electric, that is used to cook food quickly and heat is produced by the absorption of the
microwave energy by a water molecule in the food. Inverter technology has been
implemented in the microwave oven. As per the heating load, power level can be
adjusted in the inverter microwave oven while in the ordinary microwave, the
power level cannot be adjusted once it is ON. The LG MC2883SMP 28 L Convection
Microwave is the best microwave oven for the home use purpose because of its
versatile nature. The microwave oven is used for the domestic as well as
commercial purpose. The microwave oven, which consists of SMPS technology, is
more compact and efficient than the double layer microwave oven. Many microwave
ovens are operated with auto programmed and easy control panel.
The increasing demand for the
microwave oven in the industry is boosting the microwave oven market. The
Increasing disposal income is the driving factor of the microwave oven market.
Microwave ovens, that are equipped with T advanced features such as inverter
microwave oven, are enhancing the microwave oven market. Increasing
technological advancement associated with microwave oven such as SMPS technology
is propelling the microwave oven market. Also, the increasing urbanization in
emerging countries is the factor driving the microwave oven market. However,
high consumption of energy yet remains one of the major restraints to the
microwave oven market. As per the study, microwave oven food may result in
cancer. Water content in the food decreases and becomes dry which leads to
dehydration. Also, it kills the nutrients and texture of the food. These
factors may hamper the microwave oven market. Moreover, the availability of
better alternatives offers favorable challenges in the microwave oven market.
Geographically, North America is the
dominant region in the microwave oven market. Increasing demand for the latest
technology is the factor driving the microwave oven market in the North America
regions. North America will continue to dominate the microwave oven market
throughout the forecast period. The Asia Pacific holds the second largest
market share in the microwave oven market. Changing lifestyles and increasing
disposable income of the people are boosting the microwave market in the Asia
Pacific regions. Europe is expected to grow at the highest CAGR in the forecast
period.
The report on the global microwave
oven market covers segments such as type, application, and distribution
channel. On the basis of type, the sub-markets include solo, grill, and
convection. On the basis of application, the sub-markets include commercial,
and residential. On the basis of the distribution channel, the sub-markets
include modern trade, specialty stores, online channels, and other distribution
channels.
The report provides profiles of the
companies in the market such as Panasonic Corporation, The Whirlpool
Corporation, Haier Group Corporation, GE Appliances, Siemens AG, Samsung
Electronics Co., Ltd, Midea Group, LG Electronics Inc., Hisense Co., Ltd., and
Electrolux AB.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the microwave oven market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.