Press release
Microwave Oven Market will Gain Momentum by 2022 to 2031 to Surpass $15.58 billion ; Samsung Electronics, LG Electronics, Galanz Enterprise Group
Surge in disposable income and increase in the working class section drive the growth of the global microwave oven market. However, widespread use of conventional cooking equipment in Asia's less developed regions hampers the growth of the market. On the contrary, increase in demand for energy-efficient kitchen appliances and the surge in popularity of smart appliances create new opportunities in the coming years.
Covid-19 Scenario:
The Covid-19 pandemic and global lockdown had a negative influence on the market. Manufacturing and supply networks were restricted as a result of the lockdown and sales were hampered during the first quarter of the pandemic because of restrictions and disruptions in the supply chain.
However, the microwave oven sales improved gradually. This is due to the emergence of the work-from-home culture, which has encouraged customers to stay at home and cook more simply.
Get detailed COVID-19 impact analysis on the Microwave Oven Market: https://www.alliedmarketresearch.com/request-for-customization/699?reqfor=covid
The report offers detailed segmentation of the global microwave oven market based on structure, type, and region.
Based on structure, the counter top segment held the highest market share in 2020, accounting for more than two-thirds of the total share, and is projected to maintain its leadership status during the forecast period. However, the built in segment is estimated to grow at the fastest CAGR of 5.3% from 2022 to 2031.
Based on type, the convection segment accounted for the largest share in 2020, contributing to nearly half of the global microwave oven market, and is expected to maintain its lead position during the forecast period. However, the solo segment is projected to portray the highest CAGR of 5.7% from 2022 to 2031
Download Sample Copy of Report @ https://www.alliedmarketresearch.com/request-sample/699
Based on region, Asia-Pacific contributed the highest share in 2020, accounting for nearly two-fifths of the total share, and is expected to continue its dominant share in terms of revenue by 2030. Moreover, this same region is projected to manifest the largest CAGR of 5.2% during the forecast period.
Leading players of the global microwave oven market discussed in the research include Alto-Shaam Inc., Hoover Limited, Illinois Tool Works Inc., Samsung Electronics, LG Electronics, Galanz Enterprise Group, Sharp Corporation, AB Electrolux, Panasonic Corporation, and Whirlpool Corporation.
Buy Now :- https://www.alliedmarketresearch.com/checkout-final/d3fc53b21d2d29aceb544e77a97ff6f6
Explore More related insights in Consumer Electronics
o Residential Washing Machine Market through 2022 to 2031
https://www.alliedmarketresearch.com/residential-washing-machine-market
o Europe 900 Series Cooking Equipment Market By 2018-2025
https://www.alliedmarketresearch.com/europe-900-series-cooking-equipment-market
Contact Us
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microwave Oven Market will Gain Momentum by 2022 to 2031 to Surpass $15.58 billion ; Samsung Electronics, LG Electronics, Galanz Enterprise Group here
News-ID: 3364227 • Views: …
More Releases from Allied market research
Frozen Food Packaging Market Size, Share, Emerging Trends, Growth and Forecast t …
Frozen food packaging market was valued at $38,826.20 million in 2020, and is estimated to reach $63,980.50 million by 2031, growing at a CAGR of 5.03% from 2022 to 2031.
Rise in consumption of frozen ready meals and packaging as a tool for product differentiation are factors that drive the growth of the frozen food packaging market globally. However, stringent government regulations towards frozen food packaging impede the market growth.
Download Sample…
Loan Management Software Market to Hit $29.86 Billion by 2031 | Growing at 17.8% …
Allied Market Research published a report, titled, "Loan management software market by Component (Solution and Service), Deployment Mode (On-Premise and Cloud), Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprises), and Application (Cash and Liquidity Management, Risk Management, Collateral Management, Loan Origination & Servicing, and Others) End User (Banks, Credit Unions, NBFCs, and Others), And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According…
Personal Loans Market: Global Opportunity Analysis & Forecast, 2021-2030
The global personal loans market is experiencing substantial growth, driven by increasing consumer demand for financing various needs, from debt consolidation to funding significant purchases. This expansion is further fueled by the proliferation of online lending platforms and the adoption of innovative technologies that streamline the loan application and disbursement process. According to the report, the global personal loans industry generated $47.79 billion in 2020 and is estimated to garner…
Insurance Aggregators Market to Reach $130 Billion by 2031 at 21.2% CAGR
According to a new report published by Allied Market Research, titled, "Insurance Aggregators Market," The insurance aggregators market was valued at $19.3 billion in 2021, and is estimated to reach $130 billion by 2031, growing at a CAGR of 21.2% from 2022 to 2031.
➡️Download Research Report Sample & TOC : https://www.alliedmarketresearch.com/request-sample/A31712
The insurance aggregator market concludes agreements with a number of Insurers to provide a comparative quote based on a pre-determined…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
