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Microwave Oven Industry to 2022? Market Outlook, Industry Trends: Grand View Research wholesale air max 2019 outlet , Inc. Business Articles | February 29, 2016

New Market Research Reports Title “Microwave Oven Market Analysis Size and Segment Forecasts to 2022” Has Been Added to Report Database



The global?microwave oven market?size is expected to reach USD 12.70 billion by 2022, according to a new study by Grand View Research cheap air max 2019 outlet , Inc. The market is expected to witness a sluggish growth in North America and Europe as microwaves have entered the mature stage of the product life cycle.


Majority of the revenue is generated from the section of population exhibiting willingness to spend on premium kitchen appliances. Changing lifestyles of people, especially the working class, have increased the popularity of frozen and ready-to-eat packaged foods which has positively impacted market growth.


Inclination towards the use of traditional cooking equipment can be viewed as a hindrance for microwave ovens’ adoption kids air max 2019 outlet , especially in developing countries. High electricity consumption and the costs associated with it are expected to challenge industry growth, which has led to manufacturers developing energy efficient microwaves.


Browse full research report on microwave oven market:?

Further key findings from the study suggest:

Convection ovens accounted for over 45% of the market share in 2014, which can be primarily attributed to their ability to cook food faster. In addition womens air max 2019 outlet , these microwave ovens facilitate the cooking of multiple items simultaneously. Vegetables, cookies, roasted meats and cookies can be effectively prepared in a convection microwave oven. Grill ovens also contributed to a significant portion of the market revenue. Increased emphasis on healthy eating habits has propelled the demand for grill ovens as they are used for roasting food in a very short duration. Household microwave ovens contributed to over 60% of the overall revenue in 2014. Demand for household oven primarily originates from the working segment owing to quicker food preparation times. A surge in the establishment of hotels and fast food centers has favorably impacted microwaves’ adoption in commercial applications as they enable the serving of a large volume of food in shorter durations. Built-in microwaves have gained prominence over the last few years owing to their compact nature which facilitates their accommodation in modular kitchens. They also enhance the aesthetics of the kitchen as they can fit in a wall or a cabinet mens air max 2019 outlet , thereby offering some counter free space in the kitchen. Counter-top microwaves are available in various sizes and can be installed manually without the need of an expert, owing to which they occupied a majority of the revenue share. Nor. Leighton Vander Esch Jersey Lamar Jackson Jersey Authentic Khalil Mack Jersey Kareem Hunt Womens Jersey Julio Jones Womens Jersey JuJu Smith-Schuster Womens Jersey Jimmy Garoppolo Youth Jersey Jason Witten Cowboys Jersey Jared Cook Raiders Jersey Jalen Ramsey Jaguars Jersey