Global Microwave Oven Market Growth 2023-2029

Global Microwave Oven Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Microwave Oven Industry Forecast” looks at past sales and reviews total world Microwave Oven sales in 2022, providing a comprehensive analysis by region and market sector of projected Microwave Oven sales for 2023 through 2029. With Microwave Oven sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microwave Oven industry.
This Insight Report provides a comprehensive analysis of the global Microwave Oven landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microwave Oven portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microwave Oven market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microwave Oven and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microwave Oven.
The global Microwave Oven market size is projected to grow from US$ 9580 million in 2022 to US$ 13280 million in 2029; it is expected to grow at a CAGR of 13280 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Microwave Oven market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Under 1 Cu. Ft Type
1 to 1.9 Cu. Ft Type
Over 2 Cu.ft Type
Segmentation by application
Household Use
Commercial Use
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Galanz
Midea
Electrolux
Whirlpool
Panasonic
Samsung
Daewoo
BSH Home Appliances
SHARP
LG
Brandt
GE (Haier)
Candy
Moulinex
Breville
Key Questions Addressed in this Report
What is the 10-year outlook for the global Microwave Oven market?
What factors are driving Microwave Oven market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Microwave Oven market opportunities vary by end market size?
How does Microwave Oven break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.