Market Overview:
The global high speed microwave oven market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high speed microwave ovens from commercial and home appliances applications. Additionally, the growing trend of smart homes is also contributing to the growth of this market. On the basis of type, the global high speed microwave oven market can be segmented into build-in and counter top types. The build-in type is expected to account for a larger share of this market than the counter top type during the forecast period. This can be attributed to its growing popularity among consumers due to its sleek design and low profile that does not take up much space on kitchen counterstops. On the basis of application, commercial appliances are expected to account for a larger share of this market than home appliances duringthe forecast period owingto their higher adoption rates in restaurants, hotels, hospitals, schools.
Product Definition:
A High Speed Microwave Oven is a kitchen appliance that cooks food by heating it with microwaves. It has a higher power output than a standard microwave oven, which allows it to cook food more quickly. The importance of High Speed Microwave Oven is that it can cook food more quickly than a standard microwave oven, which can be helpful when cooking large quantities of food.
Build-in:
Build-in is a technology that refers to the integration of electronic components into a microwave oven. It has been around for many years and was initially used in mobile phones. The technology is now being used in other devices such as digital cameras, MP3 players, laptops and tablets computers, gaming consoles among others.
Counter Top:
Counter top microwave ovens are small kitchen appliances used to cook and heat food. It is a portable device which can be used in residential as well as commercial places like restaurants, hotels, hospitals, etc. The product has the ability to heat and cook the food quickly using high power microwaves (700-900 W).
Application Insights:
The commercial appliances segment dominated the global high speed microwave oven market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to increasing use of high-end commercial products by hotels, restaurants and food chains for reheating food items. In addition, growing preference towards convenient and energy-efficient cooking appliances is expected to drive the demand over the forecast period.
Home Appliances was one of the prominent application segments that accounted for a significant market share in 2017 owing to rising disposable income among consumers coupled with easy access to advanced technology products at affordable prices through retail stores and online portals.
Regional Analysis:
Europe dominated the global high speed microwave oven market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing demand for convenient food preparation methods and an increase in consumer awareness about healthy eating habits, especially among millennials. Furthermore, new product launches are anticipated to further boost the regional demand during the forecast period.
Asia Pacific is expected to emerge as one of the fastest growing regions owing to increasing penetration rates of smart appliances coupled with rising disposable income levels especially among middle-class income groups across countries such as China.
Growth Factors:
- Increasing demand for convenience foods: The high speed microwave oven market is driven by the increasing demand for convenience foods. These ovens offer a quick and easy way to cook food, without having to spend a lot of time in the kitchen. This is especially true for people who are short on time or lead busy lives.
- Rising disposable income: Another key growth driver for the high speed microwave oven market is rising disposable income levels around the world. With more money available, consumers are increasingly looking to purchase convenient and affordable cooking solutions, such as high speed microwaves ovens.
- Growing popularity of single-person households: The high speed microwave oven market is also benefiting from the growing popularity of single-person households around the world. This trend has led to an increase in demand for small and compact cooking appliances that can help save space in limited kitchen areas.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Microwave Oven Market Research Report
By Type
Build-in, Counter Top
By Application
Commercial Appliances, Home Appliances
By Companies
Haier (GE), Bosch, Whirlpool (Jenn-Air), Sharp, Siemens, Miele, Electrolux, Welbilt (Merrychef), TurboChef Technologies, Viking Range, Alto-Shaam, Ali Group (ACP Solutions), MTI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Microwave Oven Market Report Segments:
The global High Speed Microwave Oven market is segmented on the basis of:
Types
Build-in, Counter Top
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Appliances, Home Appliances
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haier (GE)
- Bosch
- Whirlpool (Jenn-Air)
- Sharp
- Siemens
- Miele
- Electrolux
- Welbilt (Merrychef)
- TurboChef Technologies
- Viking Range
- Alto-Shaam
- Ali Group (ACP Solutions)
- MTI
Highlights of The High Speed Microwave Oven Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Build-in
- Counter Top
- By Application:
- Commercial Appliances
- Home Appliances
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Speed Microwave Oven Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-speed microwave oven is a type of oven that cooks food faster than traditional microwaves. This type of oven can heat up food in less time, making it ideal for quickly cooking small meals or snacks.
Some of the major players in the high speed microwave oven market are Haier (GE), Bosch, Whirlpool (Jenn-Air), Sharp, Siemens, Miele, Electrolux, Welbilt (Merrychef), TurboChef Technologies, Viking Range, Alto-Shaam, Ali Group (ACP Solutions), MTI.
The high speed microwave oven market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Microwave Oven Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Speed Microwave Oven Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Speed Microwave Oven Market - Supply Chain
4.5. Global High Speed Microwave Oven Market Forecast
4.5.1. High Speed Microwave Oven Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Speed Microwave Oven Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Speed Microwave Oven Market Absolute $ Opportunity
5. Global High Speed Microwave Oven Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Speed Microwave Oven Market Size and Volume Forecast by Type
5.3.1. Build-in
5.3.2. Counter Top
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Speed Microwave Oven Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Speed Microwave Oven Market Size and Volume Forecast by Application
6.3.1. Commercial Appliances
6.3.2. Home Appliances
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Speed Microwave Oven Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Speed Microwave Oven Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Speed Microwave Oven Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Speed Microwave Oven Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Speed Microwave Oven Demand Share Forecast, 2019-2026
9. North America High Speed Microwave Oven Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Speed Microwave Oven Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Speed Microwave Oven Market Size and Volume Forecast by Application
9.4.1. Commercial Appliances
9.4.2. Home Appliances
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Speed Microwave Oven Market Size and Volume Forecast by Type
9.7.1. Build-in
9.7.2. Counter Top
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Speed Microwave Oven Demand Share Forecast, 2019-2026
10. Latin America High Speed Microwave Oven Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Speed Microwave Oven Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Speed Microwave Oven Market Size and Volume Forecast by Application
10.4.1. Commercial Appliances
10.4.2. Home Appliances
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Speed Microwave Oven Market Size and Volume Forecast by Type
10.7.1. Build-in
10.7.2. Counter Top
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Speed Microwave Oven Demand Share Forecast, 2019-2026
11. Europe High Speed Microwave Oven Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Speed Microwave Oven Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Speed Microwave Oven Market Size and Volume Forecast by Application
11.4.1. Commercial Appliances
11.4.2. Home Appliances
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Speed Microwave Oven Market Size and Volume Forecast by Type
11.7.1. Build-in
11.7.2. Counter Top
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections byType
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Speed Microwave Oven Demand Share, 2019-2026
12. Asia Pacific High Speed Microwave Oven Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Speed Microwave Oven Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Speed Microwave Oven Market Size and Volume Forecast by Application
12.4.1. Commercial Appliances
12.4.2. Home Appliances
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Speed Microwave Oven Market Size and Volume Forecast by Type
12.7.1. Build-in
12.7.2. Counter Top
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Speed Microwave Oven Demand Share, 2019-2026
13. Middle East & Africa High Speed Microwave Oven Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Speed Microwave Oven Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Speed Microwave Oven Market Size and Volume Forecast by Application
13.4.1. Commercial Appliances
13.4.2. Home Appliances
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Speed Microwave Oven Market Size and Volume Forecast by Type
13.7.1. Build-in
13.7.2. Counter Top
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Speed Microwave Oven Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Speed Microwave Oven Market: Market Share Analysis
14.2. High Speed Microwave Oven Distributors and Customers
14.3. High Speed Microwave Oven Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier (GE)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Whirlpool (Jenn-Air)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sharp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Miele
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Electrolux
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Welbilt (Merrychef)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TurboChef Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Viking Range
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alto-Shaam
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ali Group (ACP Solutions)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MTI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
