Revenue in the Microwave Ovens segment amounts to US$0.47bn in 2023. The market is expected to grow annually by 2.58% (CAGR 2023-2027).
In global comparison, most revenue is generated in the United States (US$1,883.00m in 2023).
In relation to total population figures, per person revenues of US$3.75 are generated in 2023.
In the Microwave Ovens segment, volume is expected to amount to 3.3m pcs. by 2027. The Microwave Ovens segment is expected to show a volume growth of -0.3% in 2024.
The average volume per person in the Microwave Ovens segment is expected to amount to 0.0 pieces in 2023.
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.
Countertop/freestanding microwave ovens
Over-the-range microwave ovens
Microwave-only appliances (solo microwaves)
Microwaves with grill functions
Convection ovens (without microwave functions)
Built-in combination ovens (with grill, steam, and convection functions)