Microwave Ovens - G7
G7- In 2024, the revenue generated in the Microwave Ovens market is a substantial US$4.06bn.
- According to projections, this market is expected to experience an annual growth rate of 4.28% from 2024 to 2029 (CAGR 2024-2029).
- When considering global comparison, United States stands out as the top revenue generator in the Microwave Ovens market, with an estimated revenue of US$2bn in 2024.
- In terms of per household revenues, the Microwave Ovens market is predicted to generate US$12.45 per household in 2024.
- Looking ahead to 2029, the volume in the Microwave Ovens market is projected to reach 31.9m pieces units.
- Additionally, a slight volume growth of 2.0% is expected in 2025.0.
- On average, each household is anticipated to have a volume of 0.09pieces units in the Microwave Ovens market in 2024.
- These figures provide valuable insights into the market performance of the Microwave Ovens market, particularly in the context of the G7 country.
- In the United States, the trend in the microwave oven market is a growing demand for smart features and sleek designs.
- 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.)
