openPR Logo
Press release

Global Microwave Oven Market to Surpass US$25.0 bn by 2022

Global Microwave Oven Market to Surpass US$25.0 bn by 2022

The global microwave oven market has been foretold to gain traction from the magnifying attractiveness of microwavable food. With basic components such as vents, heating chamber, glass turntable, and display panel in place, a microwave oven could easily, quickly, and efficiently heat food. On account of their busier lifestyles, people prefer to cook food in advance and simply heat it when ready to eat. Microwave oven is one of the most used kitchen appliances in the world. The growing market for home and kitchen appliances has been envisioned to augur well for the microwave oven industry with an increased growth potential.

As per the analysis of Transparency Market Research (TMR), the global microwave oven market has been prognosticated to earn an around US$25.0 bn by 2022 at a CAGR of 5.8% between 2017 and 2022. In 2017, the market had raked in an approximate US$18.9 bn.

View and Download TOC of Microwave Oven Market Research Report@ https://www.transparencymarketresearch.com/report-toc/722

Global Microwave Oven Market: Key Insights

The world microwave oven market has been foreseen to be pampered with a wealth of driving factors expediting its growth. Of these could include the aggressive usage of technologically sophisticated kitchen and home appliances due to the improving standards of people. Moreover, there could be favorable prospects birthing on the back of increasing disposable income and economic development. The demand for microwave oven could gain a strong support from the rising consumer spending on kitchen appliances. The adoption of kitchen and home appliances has been forecasted to witness a robust growth owing to the elevating rate of urbanization.

High power consumption could be a dominant restraint checking the growth of the world microwave oven market. However, several companies have been anticipated to develop products that consume less energy and offer greater advantage over traditional counterparts. The growing trend of connectivity between home appliances and innovations such as inverter-based microwave oven have been projected to create new opportunities in the market. The steady sales growth of smart kitchen appliances has also been foreseen to open up choice avenues for industry participants.

Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=722

The international microwave oven market has been prophesied to be divided according to three main categories, i.e. product, vehicle, and structure. As per product classification, convection, grill, and solo microwave ovens could be the major markets, where the first product could gather a king’s share of US$12.2 bn by the end of 2022. By vehicle, there could be opportunities prevailing in household and commercial markets. According to the segmentation analysis by structure, players have been expected to find growth in countertop and built-in microwave ovens markets.

On the regional front, North America could continue to set the benchmark for the rest of the key regions such as Europe, Asia Pacific except Japan, the Middle East and Africa, and Latin America and Japan. North America has been envisaged to post a 4.9% CAGR.

Global Microwave Oven Market: Competitive Dynamics

The competition in the worldwide microwave oven market has been prophesied to take up an intensifying nature with the innovation of new products and presence of national and international companies. Key players such as Guangdong Galanz Enterprises Co. Ltd., Illinois Tool Works, INC., Hoover Limited, Sharp Corporation, Electrolux AB, Alto-Shaam, INC., and LG Electronics, Inc. could be under the limelight of the market.

Buy Full Microwave Oven Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=722

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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 Global Microwave Oven Market to Surpass US$25.0 bn by 2022 here

News-ID: 767674 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for Microwave

Microwave Attenuator Market by Product Type, Application, Key Manufacturers - Mi …
Microwave Attenuator Market report provides the broader perspective of the marketplace with its comprehensive market insights and analysis which eases surviving and succeeding in the market. This market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take the business towards growth and success. Moreover, Microwave Attenuator Market report explains better market perspective in
Gloobal RF and Microwave Filter Market Insights Report 2020-2026 | Networks Inte …
The Global RF and Microwave Filter market report gives an incredible source to survey the RF and Microwave Filter market and other basic nuances relating to it. The examination reveals the overall appraisal and genuine subtleties of the RF and Microwave Filter market. The report shows a simple case of the RF and Microwave Filter market, that includes applications, plans, industry chain structure, and definitions. Moreover, it includes a comprehensive
Microwave Imaging Market Projected to Witness Vigorous Expansion by 2018 to 2028 …
Microwave Imaging is a pioneering innovation for various medical applications for healthcare management. Microwave Imaging play a very important role in checking or monitoring organ movement, monitoring water content level in tissue and various other medical application for improving healthcare management. Microwave Imaging provide qualitative and quantitative information in various medical application for diagnosis and used in treatment based on observation. The Microwave Imaging are much more effective than other
Good Growth Opportunities in Global Microwave Imaging Market(Microwave Imaging b …
Microwave Imaging is a pioneering innovation for various medical applications for healthcare management. Microwave Imaging play a very important role in checking or monitoring organ movement, monitoring water content level in tissue and various other medical application for improving healthcare management. Microwave Imaging provide qualitative and quantitative information in various medical application for diagnosis and used in treatment based on observation. The Microwave Imaging are much more effective than other
Waveguide Circulators Market Outlook to 2025 - M2 Global, Pasternack Enterprises …
Increasing demand of radar systems, growth in power industry and world economy coupled with increased use of waveguide circulators in different fields are some of the major driving factors for the waveguide circulator market. Whereas limited power handling capacity and use of advance technology acts as restraining factor of the market. However waveguide circulators will add new opportunities for waveguide circulators market in the forecast period.Circulators comes in many verities
RF Power Dividers Market 2018 Size, Shares, Microot Microwave, Microwave Devices …
Global RF Power Dividers Market status and forecast, categorizes the global RF Power Dividers market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. The major manufacturers covered in this report L3 Narda-MITEQ M2 Global Technology MACOM Marki Microwave MCLI MECA MegaPhase Microlab Microot Microwave Microwave Devices Inc Analog Microwave Design Anaren Inc Anatech Electronics API Technologies ARRA Inc AtlanTecRF Get a Sample Report @ http://www.supplydemandmarketresearch.com/home/contact/77123?ref=Sample-and-Brochure&toccode=SDMREL77123 Geographically, this