Household Cooking Appliances Market 2020 Evolving Technology, Demand and Global Trends- LG Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation

Global Household Cooking Appliances Market report include current market scenario and offers a comprehensive analysis on Household Cooking Appliances industry, standing on the readers' perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after a pin-point research and exhaustive investigation of the market development in different sectors that requires theoretical analysis, technology-based ideas, and its validity.

The global household cooking appliances market was worth $92.9 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 12.01% and reach $146.3 billion by 2023.

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The household cooking appliance market covered in this report is segmented by product into electric stoves, microwave ovens, barbecues and grills, and others - household cooking appliance. The household cooking appliance market in this report is segmented by application into household, and commercial.

Scope of the Report:

Markets Covered: 1) By Product: Electric Stoves; Microwave Ovens; Barbecues And Grills; Others - Household Cooking Appliance 2) By Application: Household; Commercial

Companies Mentioned: LG Electronics Inc; Electrolux AB; Panasonic; Haier Group; Whirlpool Corporation

Countries: Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA and Australia.

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa

Latest Market Developments:

February 25, 2020: Electrolux wins FOUR iF Design Awards

January 21, 2020: New Electrolux-branded kitchen range for North America unveiled at KBIS

Electrolux unveils a unique line of Electrolux-branded kitchen appliances for the North American market at the Kitchen and Bath Industry Show (KBIS) in Las Vegas. Designed to inspire creative and sustainable cooking, the new 2020 Electrolux Kitchen Line also marks the debut of Electrolux Connect technology, which lets users entertain without standing watch in the kitchen. The new flagship Double Wall Oven and French Door Refrigerator are equipped with the latest features and technology to support culinary exploration. The appliances are designed for the eco-conscious kitchen, enabling fruits and vegetables to last longer and lock in natural flavors, while the sleek aesthetics reflect Electrolux Scandinavian heritage.

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Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions.

Highlights of Household Cooking Appliances Market Report:

-Market dynamics, Household Cooking Appliances economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;

-Household Cooking Appliances industry players at the general regional industry and economy synopsis;

-Deep analysis of the most significant market players included by Worldwide Household Cooking Appliances Market study report;

-Understand more about the market plans that are increasingly now being adopted by leading Household Cooking Appliances businesses;

-Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;

-Strategically profile the key players and comprehensively analyze their growth strategies.

Key Takeaways:

-An extensive analysis of the Household Cooking Appliances market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments.

-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Household Cooking Appliances market between 2020 and 2023.

Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminum and copper because of their magnetic and electrical properties. Aluminum and copper require much greater frequencies to produce the heat needed to cook food.

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COVID-19 Impact On Electric Household Appliances Market, Global Research Reports 2020-2021

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Global Cooking Appliances Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025

https://www.marketinsightsreports.com/reports/02101828275/global-cooking-appliances-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025?source=OPENPR&Mode=SD48

Global Smart Connected Cooking Appliances Market Research Report 2020

https://www.marketinsightsreports.com/reports/01301809809/global-smart-connected-cooking-appliances-market-research-report-2020?source=OPENPR&Mode=SD48

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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