Microwave Ovens - Guyana
Guyana- In 2024, the revenue in the Microwave Ovens market in Guyana is projected to reach US$729.10k.
- It is anticipated that the market will experience an annual growth rate of 2.60% (CAGR 2024-2029).
- Among countries worldwide, United States leads in terms of revenue generation, with US$2bn in 2024.
- When considering the total number of households, each household is expected to generate revenues of US$4.06 in 2024.
- Looking ahead, the volume in the Microwave Ovens market is forecasted to reach 5.5k pieces by 2029.
- Additionally, a volume growth of 0.5% is expected in 2025.0.
- The average volume per household in the Microwave Ovens market is projected to be 0.03pieces in 2024.
- In Guyana, the demand for microwave ovens is steadily increasing due to the rising urbanization and changing lifestyles.
- 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.)
