Feb 19, 2019 (Heraldkeeper via COMTEX) -- Microwave Oven Market:
WiseGuyReports.com adds "Microwave Oven Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025" reports to its database.
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.
Currently, there are many producing companies in the world. The main market players are Galanz, Midea, Electrolux, Whirlpool, Panasonic, Samsung, Daewoo, BSH Home Appliances,
SHARP, LG, Brandt, GE (Haier), Candy Group, Moulinex, Breville and so on. The production value of Microwave Ovens is about 8000.1 Million USD in 2017.
China is the largest production regions of Microwave Ovens, with a production value market share nearly 48.89% in 2017.
The second place is Europe; following China with the production value market share over 15.14% in 2017. North America is another important production market of Microwave Ovens.
Microwave Ovens used in Household and Commercial places. Report data showed that 68.69% of the Microwave Ovens market demand in Household and 31.31% in Commercial in 2017.
There are three kinds of Commercial Microwave Ovens, which are Under 1 Cu. Ft Type, 1 to 1.9 Cu. Ft Type and Over 2 Cu.ft Type. Under 1 Cu. Ft Type is important in the Microwave Ovens, with a production market share nearly 57.35% in 2017.
Briefly speaking, in the next few years, Microwave Ovens industry will still be a relative steady industry. Sales of Microwave Ovens have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
The global Microwave Oven market is valued at 8000 million US$ in 2018 and will reach 11500 million US$ by the end of 2025, growing at a CAGR of 4.6% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Microwave Oven market based on company, product type, end user and key regions.
This report studies the global market size of Microwave Oven in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Microwave Oven in these regions.
This research report categorizes the global Microwave Oven market by top players/brands, region, type and end user. This report also studies the global Microwave Oven market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
BSH Home Appliances
Market size by Product
Under 1 Cu. Ft Type
1 to 1.9 Cu. Ft Type
Over 2 Cu.ft Type
Market size by End User