A Microwave
Oven
is a kitchen appliance used for heating food with the use of
electromagnetic radiation within the microwave spectrum. The process
of dielectric heating takes place causing heating of food. Microwave
oven heats food efficiently and quickly. Display panels, glass
turntable, heating chamber and vents are some basic components of
microwave ovens. The lifestyle of people is becoming busier,
especially for the people living in cities. They cook food in advance
and heat it as per need; thus, these practices are creating demand
for microwave ovens.
Rising popularity of
the microwavable food is driving the demand for microwave ovens.
Microwavable foods are the food type which can be heated using
microwave ovens. Along with it, developing market for home and
kitchen appliances is offering growth potential for microwave ovens
market. Furthermore, with the economic development and rising
disposable incomes, living standard of people is increasing leading
to the use of advanced kitchen and home appliances. Consumer spending
on kitchen appliances is increasing leading to the growth of
microwave market. In addition to it, increasing urbanization across
the globe is leading to the adoption of household and kitchen
appliances driving the market. Furthermore, demand for energy
efficient kitchen appliances is leading to the growth in demand for
technologically advanced microwave ovens. Demand for inverter based
microwave ovens and connectivity in household appliances has grown
strongly in last few years and is further expected to drive the
microwave ovens market in coming time. In addition, more and more
smart kitchen appliances are appearing in the appliances market and
their sales are increasing steadily. Thus, development of smart
household and kitchen appliances holds immense potential for players
in microwave ovens market for future growth. Along with it, rise in
replacement sales is driving the growth of microwave ovens in
developed markets.
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Report :
Global microwave
ovens market is segmented on the basis of product type, size,
placement, technology and geography. On the basis of product type
microwave ovens market is segmented into solo microwave ovens, grill
microwave ovens and convection microwave ovens. Further, on the basis
of size the market for microwave oven is segmented into residential
microwave ovens and commercial microwave ovens. On the basis of
placement microwave ovens market is segmented into countertop
microwaves and over the range microwaves. Regular microwave oven and
Convection microwaves are the two major types of technologies used
into microwave ovens market. North America is the leading market
segment in terms of market revenue for microwave ovens market.
However, Asia Pacific is experiencing strong growth in terms of
sales.
The market for
microwave ovens is fragmented with high competition among a large
number of Players. Alto-Shaam, Inc.,
Bonnet International, Bakers Pride Oven Co. Inc., Sharp Corporation,
Frigidaire, Kenwood Limited, GE Appliances, Hoover Limited, Samsung
Electronics Co Ltd, Manitowoc Foodservice, LG Electronics, Inc.,
Electrolux AB, Maytag Corporation, Panasonic Corporation, and
Vulcan-Hart, among others are some of the major players in global
microwave oven market.
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