Global Microwave Ovens Market Research Report 2022

A microwave oven (also commonly referred to as a microwave) is an electric oven that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. This induces polar molecules in the food to rotate and produce thermal energy in a process known as dielectric heating.
Due to the COVID-19 pandemic, the global Microwave Ovens market size is estimated to be worth US$ 8793.4 million in 2021 and is forecast to a readjusted size of US$ 12090 million by 2028 with a CAGR of 4.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Microwave Ovens market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Microwave Ovens landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Mechanical Microwave Oven accounting for % of the Microwave Ovens global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Microwave Ovens include Galanz, Midea, Panasonic, SHARP, Whirlpool, Electrolux, Siemens, GE(Haier) and LG, etc. In terms of revenue, the global 3 largest players have a % market share of Microwave Ovens in 2021.
This report focuses on Microwave Ovens volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Microwave Ovens market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Microwave Ovens Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Mechanical Microwave Oven
Smart Microwave Oven
Segment by Application
Commercial
Household
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Galanz
Midea
Panasonic
SHARP
Whirlpool
Electrolux
Siemens
GE(Haier)
LG
Samsung
Toshiba
Bosch
Breville