Learn about the global microwave ovens market through The Business Research Company, which provides information on microwave ovens market size, microwave ovens market drivers and restraints, microwave ovens market players, the COVID-19 impact on the microwave ovens market, and more.

The global microwave ovens market size is expected to grow from $41.50 billion in 2021 to $42.94 billion in 2022 at a compound annual growth rate (CAGR) of 3.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The microwave oven market is expected to reach $45.31 billion in 2026 at a CAGR of 1.4%.

The increasing demand for frozen and ready-to-eat food owing to busy lifestyles is expected to drive the microwave ovens market growth during the forecast period.

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The microwave ovens market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of microwave ovens. The market includes sales of electric ovens that cook food by exposing it to electromagnetic radiation in the microwave frequency range.

Global Microwave Ovens Market Segments Include:

By Product: Grill, Solo, Convection

By Application: Commercial, Household

By Structure: Counter Top, Built-In

By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online Channel, Other Distribution Channel

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the microwave ovens market in 2021.

Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures.

TBRC’s microwave ovens market report covers:

Major Market Players: Sharp Corporation, LG Electronics Inc, Electrolux AB, Alto-Shaam Inc, Panasonic Corporation, Samsung Electronics, Dongbu Daewoo Electronics, Whirlpool Corporation, SMEG, and Haier Group Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Microwave Ovens Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides microwave ovens market overviews, analyzes and forecasts market size, share, microwave ovens market players, microwave ovens market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s microwave ovens market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Household Appliances Global Market Report 2022

Electric Stoves Global Market Report 2022

Smart Microwave Ovens Global Market Report 2022

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