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Microwave Ovens-Global Market Insights and Sales Trends 2024
Synopsis
Microwave oven is a kitchen appliance that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. This induces polar molecules in the food to rotate and produce thermal energy in a process known as dielectric heating. Microwave ovens heat foods quickly and efficiently because excitation is fairly uniform in the outer 25–38 mm (1–1.5 inches) of a homogeneous, high water content food item; food is more evenly heated throughout than generally occurs in other cooking techniques.
The global Microwave Ovens market size is expected to reach US$ 12180 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Microwave Ovens in various end use industries. The expanding demands from the Commercial and Household, are propelling Microwave Ovens market. Mechanical Microwave Oven, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Smart Microwave Oven segment is estimated at % CAGR for the next seven-year period.
Global Microwave Oven key players include Galanz, Midea, Electrolux, Whirlpool, Panasonic, etc. Global top five manufacturers hold a share about 65%. China is the largest market, with a share about 50%, followed by Europe, with a share about 15 percent. In terms of product, Under 1 Cu.Ft Type is the largest segment, with a share about 60%. And in terms of application, the largest application is Commercial Use, followed by Household Use, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microwave Ovens, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microwave Ovens market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microwave Ovens market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microwave Ovens sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microwave Ovens covered in this report include Galanz, Midea, Panasonic, SHARP, Whirlpool, Electrolux, Siemens, GE(Haier) and LG, etc.
The global Microwave Ovens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Galanz
Midea
Panasonic
SHARP
Whirlpool
Electrolux
Siemens
GE(Haier)
LG
Samsung
Toshiba
Bosch
Breville
Global Microwave Ovens market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microwave Ovens market, Segment by Type:
Mechanical Microwave Oven
Smart Microwave Oven
Global Microwave Ovens market, by Application
Commercial
Household
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Microwave Ovens manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Microwave Ovens in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Microwave oven is a kitchen appliance that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. This induces polar molecules in the food to rotate and produce thermal energy in a process known as dielectric heating. Microwave ovens heat foods quickly and efficiently because excitation is fairly uniform in the outer 25–38 mm (1–1.5 inches) of a homogeneous, high water content food item; food is more evenly heated throughout than generally occurs in other cooking techniques.
The global Microwave Ovens market size is expected to reach US$ 12180 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Microwave Ovens in various end use industries. The expanding demands from the Commercial and Household, are propelling Microwave Ovens market. Mechanical Microwave Oven, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Smart Microwave Oven segment is estimated at % CAGR for the next seven-year period.
Global Microwave Oven key players include Galanz, Midea, Electrolux, Whirlpool, Panasonic, etc. Global top five manufacturers hold a share about 65%. China is the largest market, with a share about 50%, followed by Europe, with a share about 15 percent. In terms of product, Under 1 Cu.Ft Type is the largest segment, with a share about 60%. And in terms of application, the largest application is Commercial Use, followed by Household Use, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microwave Ovens, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microwave Ovens market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microwave Ovens market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microwave Ovens sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microwave Ovens covered in this report include Galanz, Midea, Panasonic, SHARP, Whirlpool, Electrolux, Siemens, GE(Haier) and LG, etc.
The global Microwave Ovens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Galanz
Midea
Panasonic
SHARP
Whirlpool
Electrolux
Siemens
GE(Haier)
LG
Samsung
Toshiba
Bosch
Breville
Global Microwave Ovens market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microwave Ovens market, Segment by Type:
Mechanical Microwave Oven
Smart Microwave Oven
Global Microwave Ovens market, by Application
Commercial
Household
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Microwave Ovens manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Microwave Ovens in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Microwave Ovens Market Overview
1.1 Microwave Ovens Product Overview
1.2 Microwave Ovens Market Segment by Type
1.2.1 Mechanical Microwave Oven
1.2.2 Smart Microwave Oven
1.3 Global Microwave Ovens Market Size by Type
1.3.1 Global Microwave Ovens Market Size Overview by Type (2018-2029)
1.3.2 Global Microwave Ovens Historic Market Size Review by Type (2018-2023)
1.3.3 Global Microwave Ovens Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Microwave Ovens Sales Breakdown by Type (2018-2023)
1.4.2 Europe Microwave Ovens Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Microwave Ovens Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Microwave Ovens Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Microwave Ovens Sales Breakdown by Type (2018-2023)
2 Global Microwave Ovens Market Competition by Company
2.1 Global Top Players by Microwave Ovens Sales (2018-2023)
2.2 Global Top Players by Microwave Ovens Revenue (2018-2023)
2.3 Global Top Players by Microwave Ovens Price (2018-2023)
2.4 Global Top Manufacturers Microwave Ovens Manufacturing Base Distribution, Sales Area, Product Type
2.5 Microwave Ovens Market Competitive Situation and Trends
2.5.1 Microwave Ovens Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Microwave Ovens Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Microwave Ovens as of 2022)
2.7 Date of Key Manufacturers Enter into Microwave Ovens Market
2.8 Key Manufacturers Microwave Ovens Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Microwave Ovens Status and Outlook by Region
3.1 Global Microwave Ovens Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Microwave Ovens Historic Market Size by Region
3.2.1 Global Microwave Ovens Sales in Volume by Region (2018-2023)
3.2.2 Global Microwave Ovens Sales in Value by Region (2018-2023)
3.2.3 Global Microwave Ovens Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Microwave Ovens Forecasted Market Size by Region
3.3.1 Global Microwave Ovens Sales in Volume by Region (2024-2029)
3.3.2 Global Microwave Ovens Sales in Value by Region (2024-2029)
3.3.3 Global Microwave Ovens Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Microwave Ovens by Application
4.1 Microwave Ovens Market Segment by Application
4.1.1 Commercial
4.1.2 Household
4.2 Global Microwave Ovens Market Size by Application
4.2.1 Global Microwave Ovens Market Size Overview by Application (2018-2029)
4.2.2 Global Microwave Ovens Historic Market Size Review by Application (2018-2023)
4.2.3 Global Microwave Ovens Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Microwave Ovens Sales Breakdown by Application (2018-2023)
4.3.2 Europe Microwave Ovens Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Microwave Ovens Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Microwave Ovens Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Microwave Ovens Sales Breakdown by Application (2018-2023)
5 North America Microwave Ovens by Country
5.1 North America Microwave Ovens Historic Market Size by Country
5.1.1 North America Microwave Ovens Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Microwave Ovens Sales in Volume by Country (2018-2023)
5.1.3 North America Microwave Ovens Sales in Value by Country (2018-2023)
5.2 North America Microwave Ovens Forecasted Market Size by Country
5.2.1 North America Microwave Ovens Sales in Volume by Country (2024-2029)
5.2.2 North America Microwave Ovens Sales in Value by Country (2024-2029)
6 Europe Microwave Ovens by Country
6.1 Europe Microwave Ovens Historic Market Size by Country
6.1.1 Europe Microwave Ovens Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Microwave Ovens Sales in Volume by Country (2018-2023)
6.1.3 Europe Microwave Ovens Sales in Value by Country (2018-2023)
6.2 Europe Microwave Ovens Forecasted Market Size by Country
6.2.1 Europe Microwave Ovens Sales in Volume by Country (2024-2029)
6.2.2 Europe Microwave Ovens Sales in Value by Country (2024-2029)
7 Asia-Pacific Microwave Ovens by Region
7.1 Asia-Pacific Microwave Ovens Historic Market Size by Region
7.1.1 Asia-Pacific Microwave Ovens Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Microwave Ovens Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Microwave Ovens Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Microwave Ovens Forecasted Market Size by Region
7.2.1 Asia-Pacific Microwave Ovens Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Microwave Ovens Sales in Value by Region (2024-2029)
8 Latin America Microwave Ovens by Country
8.1 Latin America Microwave Ovens Historic Market Size by Country
8.1.1 Latin America Microwave Ovens Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Microwave Ovens Sales in Volume by Country (2018-2023)
8.1.3 Latin America Microwave Ovens Sales in Value by Country (2018-2023)
8.2 Latin America Microwave Ovens Forecasted Market Size by Country
8.2.1 Latin America Microwave Ovens Sales in Volume by Country (2024-2029)
8.2.2 Latin America Microwave Ovens Sales in Value by Country (2024-2029)
9 Middle East and Africa Microwave Ovens by Country
9.1 Middle East and Africa Microwave Ovens Historic Market Size by Country
9.1.1 Middle East and Africa Microwave Ovens Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Microwave Ovens Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Microwave Ovens Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Microwave Ovens Forecasted Market Size by Country
9.2.1 Middle East and Africa Microwave Ovens Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Microwave Ovens Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Galanz
10.1.1 Galanz Company Information
10.1.2 Galanz Introduction and Business Overview
10.1.3 Galanz Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Galanz Microwave Ovens Products Offered
10.1.5 Galanz Recent Development
10.2 Midea
10.2.1 Midea Company Information
10.2.2 Midea Introduction and Business Overview
10.2.3 Midea Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Midea Microwave Ovens Products Offered
10.2.5 Midea Recent Development
10.3 Panasonic
10.3.1 Panasonic Company Information
10.3.2 Panasonic Introduction and Business Overview
10.3.3 Panasonic Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Panasonic Microwave Ovens Products Offered
10.3.5 Panasonic Recent Development
10.4 SHARP
10.4.1 SHARP Company Information
10.4.2 SHARP Introduction and Business Overview
10.4.3 SHARP Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SHARP Microwave Ovens Products Offered
10.4.5 SHARP Recent Development
10.5 Whirlpool
10.5.1 Whirlpool Company Information
10.5.2 Whirlpool Introduction and Business Overview
10.5.3 Whirlpool Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Whirlpool Microwave Ovens Products Offered
10.5.5 Whirlpool Recent Development
10.6 Electrolux
10.6.1 Electrolux Company Information
10.6.2 Electrolux Introduction and Business Overview
10.6.3 Electrolux Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Electrolux Microwave Ovens Products Offered
10.6.5 Electrolux Recent Development
10.7 Siemens
10.7.1 Siemens Company Information
10.7.2 Siemens Introduction and Business Overview
10.7.3 Siemens Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Siemens Microwave Ovens Products Offered
10.7.5 Siemens Recent Development
10.8 GE(Haier)
10.8.1 GE(Haier) Company Information
10.8.2 GE(Haier) Introduction and Business Overview
10.8.3 GE(Haier) Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.8.4 GE(Haier) Microwave Ovens Products Offered
10.8.5 GE(Haier) Recent Development
10.9 LG
10.9.1 LG Company Information
10.9.2 LG Introduction and Business Overview
10.9.3 LG Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.9.4 LG Microwave Ovens Products Offered
10.9.5 LG Recent Development
10.10 Samsung
10.10.1 Samsung Company Information
10.10.2 Samsung Introduction and Business Overview
10.10.3 Samsung Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Samsung Microwave Ovens Products Offered
10.10.5 Samsung Recent Development
10.11 Toshiba
10.11.1 Toshiba Company Information
10.11.2 Toshiba Introduction and Business Overview
10.11.3 Toshiba Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Toshiba Microwave Ovens Products Offered
10.11.5 Toshiba Recent Development
10.12 Bosch
10.12.1 Bosch Company Information
10.12.2 Bosch Introduction and Business Overview
10.12.3 Bosch Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Bosch Microwave Ovens Products Offered
10.12.5 Bosch Recent Development
10.13 Breville
10.13.1 Breville Company Information
10.13.2 Breville Introduction and Business Overview
10.13.3 Breville Microwave Ovens Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Breville Microwave Ovens Products Offered
10.13.5 Breville Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Microwave Ovens Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Microwave Ovens Industrial Chain Analysis
11.4 Microwave Ovens Market Dynamics
11.4.1 Microwave Ovens Industry Trends
11.4.2 Microwave Ovens Market Drivers
11.4.3 Microwave Ovens Market Challenges
11.4.4 Microwave Ovens Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Microwave Ovens Distributors
12.3 Microwave Ovens Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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