Microwave Ovens - Cyprus
Cyprus- The revenue generated in the Microwave Ovens market in Cyprus is projected to reach US$2.96m in 2024.
- It is anticipated that the market will experience an annual growth rate of 2.03% (CAGR 2024-2029).
- In comparison to other countries, United States generates the highest revenue in this segment, amounting to US$2bn in 2024.
- When considering the total number of households, the per household revenue in Cyprus is estimated to be US$6.19 in 2024.
- Looking ahead, the volume of the Microwave Ovens market is expected to reach 29.0k pieces units by 2029.
- Additionally, a volume growth of 1.0% is projected for 2025.0.
- In terms of the average volume per household in Cyprus, it is expected to be 0.06pieces in 2024.
- Cyprus has witnessed a growing trend in the demand for smart and compact microwave ovens, catering to the needs of its tech-savvy and space-constrained population.
- Key regions:
- Worldwide,
- Germany,
- India,
- United Kingdom,
- Japan
Definition: A microwave oven is an electric oven that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. Microwave ovens can be categorized by installation method into freestanding and built-in models. Of the two, built-in microwaves generally provide more power and have additional ventilation. Moreover, microwave oven prices vary according to the features of a given device, ranging from microwave-only appliances (also known as solo microwaves) to combination ovens with grill, steam, and convection functions. Convection ovens without microwave functions, built-in combination ovens with grill, steam, and convection functions, as well as microwave oven accessories, such as microwave cookware and spare parts, are not included in this segment.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Countertop/freestanding microwave ovens
- Over-the-range microwave ovens
- Microwave-only appliances (solo microwaves)
- Microwaves with grill functions
Out-Of-Scope
- Convection ovens (without microwave functions)
- Built-in combination ovens (with grill, steam, and convection functions)
- Microwave oven accessories (cookware, spare parts, etc.)
