Global Microwave Oven Market | Industry Size, Business Analysis and Forecast up to 2029

Microwave Oven Market Overview:

The purpose of this research is to offer an overview of the Microwave Oven industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Microwave Oven organizations, as well as major industry trends and possibilities.

The study also focuses on the major industry players in the Global Microwave Oven market, including information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into global, regional, and company market trends, volume, and value. This study examines the whole Microwave Oven Market Size from a worldwide viewpoint, evaluating historical data and making projections.

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Global Microwave Oven Market was valued at US$ 3.97 Bn. in 2021 and expected to grow at a CAGR of 4.6% during the forecast period (2022-2029).

Market Scope:

Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as numerous data triangulation methods, were widely used throughout the market engineering process to achieve market estimation and forecasts for the overall market segments and sub-segments offered in the Microwave Oven market study. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.

Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.


 Growing population, more working women, interest in ready-to-eat and frozen food products, changing lifestyles and rising incomes of people, expansion of the hospitality industry, low energy consumption and nutrient-rich food, need for less kitchen space, clean energy transfer, etc. are all factors contributing to the growth of the microwave oven market.

Use of the microwave oven is subject to safety regulations set by the “US Food and Drug Administration”. The Indian government launched the “National Energy Efficiency Strategy Plan 2031,” which includes microwave ovens, to encourage technological advancement, reduce greenhouse gas emissions, and increase energy efficiency in home appliances.


Convection, grill, and solo are the market segments based on the type of oven. The market is dominated by convection ovens. Convection ovens have fans that move air around the food to speed up heating and cook food 25% more quickly than a conventional oven. Faster cook times, the ability to clean yourself, the absence of flavour transfer, highly functional features, etc. are some of the elements propelling the global market.

In 2021, grill ovens held the second-largest market share with 30%. It is used for basic cooking tasks like popping popcorn, warming milk, coffee, and tea, etc. and has a radiant heating element to cook food.

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Key Players:

Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Microwave Oven market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Microwave Oven industry.

• Panasonic Corporation
• Whirlpool Corporation
• LG Electronics
• Samsung Electronics
• Alto-Shaam Inc.
• AB Electrolux
• Sharp Corporation
• Hoover limited
• Illinois Tool Works Inc. (ITW)
• Galanz Enterprise Group
• Godrej
• Miele
• Haier
• Beko
• Bosch
• Electrolux

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Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Microwave Oven market in these regions.

COVID-19 Impact Analysis on Microwave Oven Market:

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Microwave Oven market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the Microwave Oven Market Report are:

  • What will be the Microwave Oven market’s CAGR throughout the projected period?
  • Which market category emerged as the market leader in the Microwave Oven industry?
  • Who are the key players in the Microwave Oven market?
  • How big will the Microwave Oven market be in 2027?
  • Which firm had the biggest market share in the Microwave Oven industry?

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