Market Overview:
The global Solo microwave market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solo microwaves from residential and commercial applications. Additionally, the rising disposable income of consumers is also propelling the growth of this market. North America dominates the global Solo microwave market, followed by Europe and Asia Pacific.
Product Definition:
A Solo Microwave is a small, standalone appliance that cooks or reheats food using microwave energy. They are popular because they are efficient and fast, and many models come with a range of features like preset cook times and auto-defrosting. Solo microwaves can be an important part of a small kitchen or office breakroom, as they provide a quick way to heat up food without taking up much counter space.
< 22 L:
The 22 L is a typical size of solo microwave oven. It has been used by the majority of consumers as a cooking appliance in their kitchen for quite some time now. Solo microwave ovens are small, portable and can be used anywhere including car, office or even outdoors. The market for these products has witnessed significant growth over the past few years owing to its compact design and portability which makes it ideal for camping trips or even just casual dining at home.
22 - 25 L:
22 - 25 L is a type of oil-based paint that is used in solo microwave market. It has solvent-free properties and can be applied by brush, roller or spray. 22 - 25 L Solo Microwave Paint has low Volatile Organic Compounds (VOCs) content which makes it suitable for use in residential and commercial applications like solo microwave ovens, heaters, stoves & fireplaces among others.
Application Insights:
The residential application segment dominated the global solo microwave market in 2017. The growth of this segment can be attributed to increasing urbanization and rising disposable income among people, especially in emerging economies such as China, India, Brazil and Mexico. Solo microwaves are installed by homeowners for their convenience as they require less space than conventional cooking appliances. Furthermore, these products are easy to operate and clean since there is no need for disassembling or reassembling them like other types of cooking equipment do.
Commercial applications include restaurants/cafeterias, hotels/motels and institutional foodservice providers such as hospitals and colleges/schools. These institutions require large quantities of ready-to-eat food that can be prepared quickly with minimum supervision required from chefs or cooks on duty at the time of service delivery or meal preparation time.
Regional Analysis:
Asia Pacific dominated the global solo microwave market in 2017. The region is expected to continue its dominance over the forecast period owing to rapid industrialization and urbanization, which has resulted in increased spending on household appliances. Furthermore, increasing disposable income levels and changing lifestyles are anticipated to fuel regional growth during the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high demand from residential applications for small-sized Solo microwaves. Europe is one of the key manufacturing regions for home appliances including refrigerators, dishwashers, washing machines etc., Hence it attracts major manufacturers based out of China & India who invest heavily in R&D activities related to household appliances thus driving product innovation & development over next seven years (2030).
Growth Factors:
- Increasing demand for compact and lightweight appliances in the global market
- Rising disposable income of consumers in developing countries
- Proliferation of microwavable food products and increasing trend of convenience foods
- Technological advancements in Solo Microwave ovens
- Growing popularity of microwave cooking as a healthy cooking option
Scope Of The Report
Report Attributes
Report Details
Report Title
Solo Microwave Market Research Report
By Type
< 22 L, 22 - 25 L, > 25 L
By Application
Residential, Commercial
By Companies
Electrolux, Whirlpool , GE, Sumsung, Panasonic, Siemens, LG, Gree, Haier, Bosch, Sharp, Indesit, Fotile, Vatti
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Solo Microwave Market Report Segments:
The global Solo Microwave market is segmented on the basis of:
Types
< 22 L, 22 - 25 L, > 25 L
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
Residential, Commercial
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:
- Electrolux
- WhirlpoolÂ
- GE
- Sumsung
- Panasonic
- Siemens
- LG
- Gree
- Haier
- Bosch
- Sharp
- Indesit
- Fotile
- Vatti
Highlights of The Solo Microwave 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:
- < 22 L
- 22 - 25 L
- > 25 L
- By Application:
- Residential
- Commercial
- 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 Solo Microwave 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Solo Microwave is a small, portable microwave oven that can be used by one person. It has a compact design and is easy to carry around. Solo Microwave is perfect for single people who want to cook their own food without having to share the oven with others.
Some of the major companies in the solo microwave market are Electrolux, Whirlpool‚Â , GE, Sumsung, Panasonic, Siemens, LG, Gree, Haier, Bosch, Sharp, Indesit, Fotile, Vatti.
The solo microwave market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solo Microwave 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. Solo Microwave Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solo Microwave Market - Supply Chain
4.5. Global Solo Microwave Market Forecast
4.5.1. Solo Microwave Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solo Microwave Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solo Microwave Market Absolute $ Opportunity
5. Global Solo Microwave 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. Solo Microwave Market Size and Volume Forecast by Type
5.3.1. < 22 L
5.3.2. 22 - 25 L
5.3.3. > 25 L
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solo Microwave 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. Solo Microwave Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solo Microwave 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. Solo Microwave 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 Solo Microwave 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. Solo Microwave 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 Solo Microwave Demand Share Forecast, 2019-2026
9. North America Solo Microwave 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 Solo Microwave 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 Solo Microwave Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solo Microwave Market Size and Volume Forecast by Type
9.7.1. < 22 L
9.7.2. 22 - 25 L
9.7.3. > 25 L
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 Solo Microwave Demand Share Forecast, 2019-2026
10. Latin America Solo Microwave 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 Solo Microwave 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 Solo Microwave Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solo Microwave Market Size and Volume Forecast by Type
10.7.1. < 22 L
10.7.2. 22 - 25 L
10.7.3. > 25 L
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 Solo Microwave Demand Share Forecast, 2019-2026
11. Europe Solo Microwave 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 Solo Microwave 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 Solo Microwave Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solo Microwave Market Size and Volume Forecast by Type
11.7.1. < 22 L
11.7.2. 22 - 25 L
11.7.3. > 25 L
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
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 Solo Microwave Demand Share, 2019-2026
12. Asia Pacific Solo Microwave 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 Solo Microwave 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 Solo Microwave Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solo Microwave Market Size and Volume Forecast by Type
12.7.1. < 22 L
12.7.2. 22 - 25 L
12.7.3. > 25 L
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 Solo Microwave Demand Share, 2019-2026
13. Middle East & Africa Solo Microwave 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 Solo Microwave 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 Solo Microwave Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solo Microwave Market Size and Volume Forecast by Type
13.7.1. < 22 L
13.7.2. 22 - 25 L
13.7.3. > 25 L
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 Solo Microwave Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solo Microwave Market: Market Share Analysis
14.2. Solo Microwave Distributors and Customers
14.3. Solo Microwave Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Electrolux
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Whirlpool
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumsung
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Panasonic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gree
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Haier
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bosch
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sharp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Indesit
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fotile
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vatti
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