Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solo Microwave Market by Type (< 22 L, 22 - 25 L, > 25 L), By Application (Residential, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solo Microwave Market by Type (< 22 L, 22 - 25 L, > 25 L), By Application (Residential, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 213563 3300 Consumer Goods 377 235 Pages 4.7 (30)
                                          

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.


Global Solo Microwave Industry Outlook


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:

  1. Electrolux
  2. Whirlpool 
  3. GE
  4. Sumsung
  5. Panasonic
  6. Siemens
  7. LG
  8. Gree
  9. Haier
  10. Bosch
  11. Sharp
  12. Indesit
  13. Fotile
  14. Vatti

Global Solo Microwave Market Overview


Highlights of The Solo Microwave Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. < 22 L
    2. 22 - 25 L
    3. > 25 L
  1. By Application:

    1. Residential
    2. Commercial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Solo Microwave Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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‚ , 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

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