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Global Commercial Microwave Ovens Market to Witness a Pronounce Growth During 2023
Press release from: Market Research Report Store
New report published by Market Research Report Store (MRRS) which offers insights on the global Commercial Microwave Ovens market.
Commercial microwaves are constructed with higher quality materials and designed for superior durability compared to a typical residential microwave. They are also designed for much more frequent and heavy use than a home model. A commercial microwave will typically have a much higher power output than a residential microwave.
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Global Commercial Microwave Ovens Market: Forecast by Type / Application / Region
Commercial Microwave Ovens used in Food Service Industry and Food Industry. Report data showed that 46.99% of the Commercial Microwave Ovens market demand in Food Service Industry and 53.01% in Food Industry in 2016.
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 Commercial Microwave Ovens, with a sales market share nearly 48.09% in 2016.
North America is the largest sales regions of Commercial Microwave Ovens, with a sales value market share nearly 32.95% in 2016.
The second place is Europe; following North America with the sales value market share over 30.97% in 2016. China is another important sales market of Commercial Microwave Ovens.
Briefly speaking, in the next few years, Commercial Microwave Ovens industry will still be a relative steady industry. Sales of Commercial Microwave Ovens have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
Over the next five years, LPI(LP Information) projects that Commercial Microwave Ovens will register a 6.8% CAGR in terms of revenue, reach US$ 5940 million by 2023, from US$ 4270 million in 2017.
Global Commercial Microwave Ovens Market: Key Players
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United States Commercial Microwave Ovens Market Research Report 2018
Europe Commercial Microwave Ovens Market Research Report 2018
North America Commercial Microwave Ovens Market Research Report 2018
Asia-Pacific Commercial Microwave Ovens Market Research Report 2018
China Commercial Microwave Ovens Market Research Report 2018
EMEA Commercial Microwave Ovens Market Research Report 2018
Global Commercial Microwave Ovens Market Research Report 2018
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This release was published on openPR.
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