Global Commercial Microwave Ovens Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Commercial Microwave Ovens Market- Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
Global Commercial Microwave Ovens Market is poised to grow by USD 728.90 million in 2026 progressing at a CAGR more than 3% during the forecast period.
Companies Mentioned
- Samsung
- LG
- Galanz
- Panasonic
- Midea
- Toshiba
- Electrolux
- Siemens
- Breville
- GE (Haier)
- Whirlpool
- SHARP
- Bosch
Key Market Trends
The Demand For Energy-Efficient Cooking Products Is Driving Market
Commercial kitchens-such as those found in full-service and quick-service restaurants, hotels, and hospitals-are intense energy users, consuming as much as three times more energy per square foot than most other types of commercial buildings. Because energy costs for these facilities typically account for between 25 and 30 percent of total operating expenses, upgrading equipment to be more energy efficient can increase your bottom line while also providing significant non-energy benefits including improved operating performance, more-uniform cooking, and increased kitchen staff comfort. Commercial kitchen equipment such as ovens require energy to function. By purchasing energy-efficient equipment in new construction or when existing equipment fails, one can significantly reduce energy use in the kitchen, can save money and can reduce carbon footprints.
Asia-Pacific Region Is Anticipated To Grow At Highest Rate
Asia-Pacific ranks as the fastest growing market with a significant growth rate over the forecast period, led by rapid commercialization and rapid industrialization. The regional market growth is accredited to the region’s flourishing food and hospitality industries, the rapidly expanding food service industry, increasing food service outlets, and several other favorable factors. The overall demand and popularity of microwave oven could augment in developing countries such as China and India owing to the growing inclination of customers toward a high expenditure on first-rate kitchen electrical appliances. In the coming future, Japan is expected to achieve considerable share in the microwave oven market. Asia-Pacific region is leading the industry owing to rapid industrialization, an increasing number of industries, and developments in electric and electronic industries. Advancements in technology, coupled with an increase in the number of product innovations, are among the key factors supporting the demand for Commercial Microwave Ovens Market in this region.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.6 Impact of COVID 19 on market
5 MARKET SEGMENTATION
5.1 Product Duty Type
5.1.1 Commercial Heavy-Duty Microwave Ovens
5.1.2 Commercial Medium-Duty Microwave Ovens
5.1.3 Commercial Light-Duty Microwave Ovens
5.2 Product Capacity Type
5.2.1 Under 1 Cu. Ft Type
5.2.2 1 to 1.9 Cu. Ft Type
5.2.3 Over 2 Cu. Ft Type
5.3 Application
5.3.1 Food Service Industry
5.3.2 Food Industry
5.3.3 Others
5.4 Control Feature
5.4.1 Button controls
5.4.2 Dial controls
5.5 Distribution Channel
5.5.1 Multi-Branded Stores
5.5.2 Specialty Stores
5.5.3 Online Stores
5.5.4 Other Distribution Channels
5.6 Geography
5.6.1 North America
5.6.2 Europe
5.6.3 Asia Pacific
5.6.4 South America
5.6.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 DISCLAIMER
For more information about this report visit https://www.researchandmarkets.com/r/pxr3iz
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