Microwave Oven Market Report by Type (Grill, Solo, and Convection), Application (Commercial and Household), Structure (Built-In and Counter Top), Power (Up to 700 W, 701 W TO 900 W, 901 W TO 1000 W, and Above 1000 W), Distribution Channel (Online and Offl

Microwave Oven Market Report by Type (Grill, Solo, and Convection), Application (Commercial and Household), Structure (Built-In and Counter Top), Power (Up to 700 W, 701 W TO 900 W, 901 W TO 1000 W, and Above 1000 W), Distribution Channel (Online and Offline), Regions and Company Analysis 2024-2032

Global Microwave Oven Market is projected to grow at a CAGR of 3.99% between 2024 and 2032, reaching a valuation of US$ 15.52 Billion by 2032. Global Microwave Oven Market was worth US$ 10.91 Billion in 2023.

Microwave ovens are electronic devices that use microwaves to generate heat and cook food. They have become a common kitchen appliance due to their convenience and time-saving capabilities. The surge in the popularity of frozen food items is reshaping consumer cooking habits worldwide, with a consequential impact on the widespread adoption of rapid cooking appliances, notably microwave ovens. Consumers are drawn to their versatility, which effortlessly handles a diverse range of frozen items, from complete meals to snacks. Additionally, these appliances preserve nutritional value, and a rise in disposable income is expected to provide a higher potential to the market.

In February 2022, GE Appliances launched the GE Profile series, which features laundry and kitchen appliances with advanced features such as voice control, AI, and smart upgrades. These appliances cater to modern lifestyles and provide innovative solutions to simplify consumers' lives. The integration of cutting-edge technologies enhances the appliances' performance and aligns with the smart and interconnected home device trend.The microwave oven market grew in 2021 due to increased household spending, particularly in the United States, where consumer spending will reach US$ 15.9 Trillion. This trend has led to a higher demand for microwave ovens as consumers spend more on various products and services.

China Microwave Oven Market

Over the past few decades, the microwave oven market in China has grown significantly. It has become a popular appliance for urban Chinese families due to its convenience, adaptability to various cooking styles, and time-saving capability. Manufacturers have introduced advanced features, such as inverter technology, sensor cooking, and convection capabilities, to cater to customer demands. Health consciousness has also influenced the market, leading to the popularity of microwaves with steam cooking functions and low-power settings. The tech-savvy Chinese population has embraced smart appliances, and microwave ovens are no exception. Wi-Fi-enabled and app-controlled microwaves have become a symbol of the digital age in Chinese kitchens.

Microwave Oven Company News

Key players such as Illinois Tool Works Inc., Sharp, LG Electronics, Whirlpool Corporation, GE Appliances, Panasonic Corporation, Samsung Electronics, and Midea Group dominate the market.
Miele introduced the Miele Steam Oven with HydroClean in August 2023. The self-cleaning function removes food residue by pouring cleaner into the filter at the oven's base and dispersing it throughout the interior.

LG Electronics launched a line of energy-efficient home appliances in August 2023 for the 'Net-Zero House.' These products are designed to help consumers reduce power consumption, operating costs, and environmental impact. The latest kitchen, laundry, and living solutions are eco-friendly and meet the growing demand for sustainable home appliances.

LG Electronics India and ITC Foods partnered in 2023 to revolutionize cooking experiences in India. They aim to provide consumers with enhanced convenience, health benefits, and cooking versatility.

Sharp's 'CookWonder' microwave series will include Kamado C29 and C27, Hikari G25 Grill, and Sakura S20 Solo models in July 2023. These microwaves set a new standard for microwave cooking with simple and healthy options.

Huawei launched MAGICSwave, a new microwave, in March 2023 at MWC 2023 Barcelona. It simplifies the process of building 5G networks, optimizes TCO, and ensures a smooth transition for operators.

Miele's 2022 Steam Oven has a self-cleaning feature called HydroClean that makes maintenance easy. Pour liquid cleaner into the base strainer, and the oven automatically disperses the mixture to remove stubborn food residues.

Type – Global Microwave Oven Marketbreakup in 3 viewpoints:

1. Grill
2. Solo
3. Convection

Application – Global Microwave Oven Marketbreakup in 2 viewpoints:

1. Commercial
2. Household

Structure – Global Microwave Oven Marketbreakup in 2 viewpoints:

1. Built-In
2. Counter Top

Power – Global Microwave Oven Marketbreakup in 4 viewpoints:

1. Up to 700 W
2. 701 W TO 900 W
3. 901 W TO 1000 W
4. Above 1000 W

Distribution Channel – Global Microwave Oven Marketbreakup in 2 viewpoints:

1. Online
2. Offline

Country – Global Microwave Oven Market breakup of 25 Countries:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. Illinois Tool Works Inc.
2. Sharp
3. LG Electronics
4. Whirlpool Corporation
5. GE Appliances
6. Panasonic Corporation
7. Samsung Electronics
8. Midea Group