Press release
Electric Rice Cooker Market Poised for Growth Projected to Reach USD 6.88 Billion by 2030 at 6.38% CAGR
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ ๐๐จ๐จ๐ค๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐThe global electric rice cooker market is witnessing robust growth driven by increasing consumer preferences for time-saving and efficient cooking solutions. In 2023, the market was valued at USD 4.46 billion and is projected to grow at a CAGR of 6.38% from 2024 to 2030, reaching an estimated market size of USD 6.88 billion by 2030. This press release provides detailed insights into market growth, opportunities, and developments across key regions, with a particular focus on Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/218501/
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ ๐๐จ๐จ๐ค๐๐ซ ๐๐๐ซ๐ค๐๐ญ
Vietnam is rapidly emerging as a lucrative market for electric rice cookers due to rising disposable incomes and urbanization. Major companies such as ๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐ก๐๐ซ๐ฉ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง have expanded their presence through strategic partnerships. Recent developments include ๐๐จ๐ฃ๐ข๐ซ๐ฎ๐ฌ๐ก๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง'๐ฌ collaboration with local distributors to strengthen its foothold in the region. The country's CAGR is projected to be XX% during the forecast period, driven by increasing demand for energy-efficient appliances.
๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ
Thailand's electric rice cooker market is driven by the growing popularity of smart cooking solutions among tech-savvy consumers. Companies like ๐๐จ๐ฌ๐ก๐ข๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐ข๐ ๐๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are investing in innovative features such as IoT-enabled cookers. Recent mergers include ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฌ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐ง๐๐๐ฌ acquiring a Thai distributor to enhance local reach. The market size is expected to grow at a CAGR of XX%, supported by government incentives for energy-efficient appliances.
๐๐๐ฉ๐๐ง ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ ๐๐๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ
Japan's electric rice cooker market is characterized by high competition and market consolidation. Key players such as ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐จ๐ฃ๐ข๐ซ๐ฎ๐ฌ๐ก๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง dominate the landscape. Recent consolidation includes the merger of ๐๐จ๐ฃ๐ข๐ซ๐ฎ๐ฌ๐ก๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง home appliance division with ๐๐ข๐ญ๐๐๐ก๐ข ๐๐ฉ๐ฉ๐ฅ๐ข๐๐ง๐๐๐ฌ, aimed at enhancing R&D capabilities. The market growth in Japan remains steady at a CAGR of XX% due to advanced consumer preferences and product innovation.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/218501/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
South Korea is witnessing a shift towards premium electric rice cookers, driven by the increasing adoption of multi-functional devices. Companies like ๐๐ข๐ญ๐๐๐ก๐ข ๐๐ฉ๐ฉ๐ฅ๐ข๐๐ง๐๐๐ฌ and ๐๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ lead the market with high-tech offerings. Key developments include ๐๐ฎ๐๐ค๐จ๐จ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ launching a flagship store in Seoul to cater to affluent consumers. The market size is projected to grow at a CAGR of XX%, with a focus on health-oriented and energy-efficient products.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐๐ญ ๐๐จ๐จ๐ค๐๐ซ๐ฌ
Singapore's market for electric rice cookers is fueled by demand for compact and portable solutions due to limited household space. Companies such as ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฌ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐ง๐๐๐ฌ
and ๐๐ข๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ are introducing innovative compact models. Recent acquisitions include ๐๐ข๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ partnership with a local distributor to expand its footprint. The market is expected to grow at a CAGR of XX%, driven by urbanization and evolving consumer preferences.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฆ๐๐ซ๐ญ ๐๐ง๐ ๐๐ฎ๐ฅ๐ญ๐ข-๐๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐จ๐จ๐ค๐๐ซ๐ฌ
The United States is experiencing significant growth in the electric rice cooker market, led by demand for smart and multi-functional appliances. Key players like ๐๐๐ฆ๐ข๐ฅ๐ญ๐จ๐ง ๐๐๐๐๐ก ๐๐ซ๐๐ง๐๐ฌ and ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐ซ๐๐ง๐๐ฌ are focusing on IoT-enabled and energy-efficient products. Recent partnerships include ๐๐๐ฆ๐ข๐ฅ๐ญ๐จ๐ง ๐๐๐๐๐ก ๐๐ซ๐๐ง๐๐ฌ' collaboration with Amazon for voice-controlled devices. The US market is projected to grow at a CAGR of XX%, supported by increasing consumer awareness about healthy cooking.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/218501/
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Europe's electric rice cooker market is driven by advancements in technology and rising health consciousness among consumers. Companies like ๐๐ฎ๐ฌ๐ฌ๐๐ฅ๐ฅ ๐๐จ๐๐๐ฌ and ๐๐๐๐๐ฅ are investing in R&D to introduce user-friendly and efficient models. Recent mergers include ๐๐ซ๐จ๐ฎ๐ฉ๐ ๐๐๐'๐ฌ acquisition of a German small appliance manufacturer to enhance its market position. The European market is expected to grow at a CAGR of XX%, with a focus on eco-friendly and innovative appliances.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/electric-rice-cooker-market/218501/
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ ๐๐จ๐จ๐ค๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Standard
Multifunctional
Induction
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Offline
Online
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Household
Commercial
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ ๐๐จ๐จ๐ค๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
1. Aroma Housewares Company (USA)
2. Hamilton Beach Brands, Inc. (USA)
3. Cuisinart (Conair Corporation) (USA)
4. Black & Decker (Stanley Black & Decker, Inc.) (USA)
5. Sunpentown International Inc(Canada)
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
6. Panasonic Corporation (Japan)
7. Zojirushi Corporation (Japan)
8. Tiger Corporation (Japan)
9. Cuckoo Electronics Co., Ltd. (South Korea)
10. Toshiba Corporation (Japan)
๐๐ฎ๐ซ๐จ๐ฉ๐
11. Groupe SEB (T-fal, Krups, and Moulinex brands) (France)
12. Philips (Koninklijke Philips N.V.) (Netherlands)
13. Electrolux AB (Sweden)
14. Kenwood(UK)
15. Morphy Richards (UK)
๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐
16. Senya (United Arab Emirates)
17. Kenwood (South Africa)
18. Binatone (Nigeria)
19. Black & Decker
20. Tefal (Groupe SEB)
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
โฆ Global Smart Ev Charger Market https://www.maximizemarketresearch.com/market-report/global-smart-ev-charger-market/124090/
โฆ Global Smart Glove Market https://www.maximizemarketresearch.com/market-report/global-smart-glove-market/29297/
โฆ Global Smart Home Installation Service Market https://www.maximizemarketresearch.com/market-report/global-smart-home-installation-service-market/41739/
โฆ Global Smart Indoor Garden Market https://www.maximizemarketresearch.com/market-report/global-smart-indoor-garden-market/23460/
โฆ Global Smart Lock Market https://www.maximizemarketresearch.com/market-report/global-smart-lock-market/6838/
โฆ Global Smartphone3D Camera Market https://www.maximizemarketresearch.com/market-report/global-smartphone3d-camera-market/23465 /
โฆ Global Smartphone Sensors Market https://www.maximizemarketresearch.com/market-report/global-smartphone-sensors-market/62866/
โฆ Global Smt Placement Equipment Market https://www.maximizemarketresearch.com/market-report/global-smt-placement-equipment-market/21876/
โฆ Global Solenoid Valves Market https://www.maximizemarketresearch.com/market-report/global-solenoid-valves-market/29664/
โฆ Global Soundbars Market https://www.maximizemarketresearch.com/market-report/global-soundbars-market/88480/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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 Electric Rice Cooker Market Poised for Growth Projected to Reach USD 6.88 Billion by 2030 at 6.38% CAGR here
News-ID: 3803999 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT.LTD

Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 20 โฆ
๐๐๐ฐ ๐๐๐ญ ๐
๐จ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The global raw pet food market is gaining traction, driven by the rising demand for natural and minimally processed pet food options. With a market size valued at USD 7387.57 Million in 2023, it is projected to grow at a robust CAGR of 10.16% during the forecast period from 2024 to 2030, reaching USD 14546.03 Million by the end of 2030. This press release explores country-specificโฆ

Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
Zircon Sand Market Overview
The global zircon sand market is witnessing substantial growth, driven by its applications across various industries, including ceramics, refractories, and foundries. Valued at USD X billion in 2023, the market is expected to reach USD Y billion by 2030, growing at a CAGR of Z% from 2024 to 2030. This press release provides a comprehensive analysis of the market dynamics, country-specific developments, and recent trends.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐,โฆ

Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โฆ
Automotive Brake Caliper Market Overview
The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โฆ

Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โฆ
Account Reconciliation Software Market Overview
Global Account Reconciliation Software Market Poised for Growth
The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โฆ
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast โฆ
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,โฆ
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 โฆ
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 frameworksโฆ
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast โฆ
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysisโฆ
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 microeconomicโฆ
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 substantialโฆ
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,โฆ