Microwave Ovens: Global Strategic Business Report

Global Microwave Ovens Market to Reach $22.4 Billion by 2030

The global market for Microwave Ovens estimated at US$16.4 Billion in the year 2022, is projected to reach a revised size of US$22.4 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Convection, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$10.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Grill segment is readjusted to a revised 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 5.6% CAGR

The Microwave Ovens market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Select Competitors (Total 12 Featured) -

• Alto-Shaam, Inc.
• Electrolux AB
• Haier Appliances (India) Pvt., Ltd.
• Panasonic Marketing Middle East & Africa FZE
• Robert Bosch GmbH
• Sharp Corporation
• SMEG S.p.A.
• Whirlpool Corporation
• WINIADAEWOO Electronics America, Inc.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year