The Europe Microwave Oven Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 5,915.0 thousand units, showcasing a growth of 5.6% (2019-2022).
The microwave's ability to defrost frozen items quickly and evenly has revolutionized meal planning. It allows for preserving nutritional value while significantly reducing the time required for thawing compared to traditional methods. Advancements in microwave oven technology have led to the developing of models equipped with convection and grill features. This enables users to bake, roast, and grill, expanding the scope of culinary possibilities and challenging traditional perceptions of microwave ovens as mere reheating devices.
Traditional microwaves use on/off cycling to regulate power, leading to uneven heating. Inverter technology provides a continuous power flow, producing more precise and consistent cooking. This innovation has become increasingly prevalent in high-end microwave models. Sensor cooking technology employs sensors to detect moisture and temperature levels within the oven, allowing for automatic adjustments to cooking times and power levels. This ensures optimal results, particularly when reheating or cooking delicate foods.
In Germany, microwave ovens offer a quick and convenient way to prepare healthy meals. As people in Germany prioritize healthier food choices, the speed and ease of microwave cooking become particularly appealing for those with busy schedules. Microwave ovens contribute to time efficiency in the kitchen, making it easier for individuals in Germany to prioritize cooking and consuming healthy meals, even when time is limited. In many European homes, especially in urban areas with smaller living spaces, the compact design of microwave ovens makes them practical for kitchens with limited counter space. European cuisines vary widely across regions, and microwave ovens are adaptable to different cooking styles and preferences. Due to these aspects, the market will expand across the Europe region in the upcoming years.
The Germany market dominated the Europe Microwave Oven Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $994.9 million by 2030. The UK market is showcasing a CAGR of 4% during (2023 - 2030). Additionally, The France market would register a CAGR of 5.8% during (2023 - 2030).
Based on Product Type, the market is segmented into Convection, Grill, and Solo. Based on Application, the market is segmented into Household, and Commercial. Based on Structure, the market is segmented into Counter Top, and Built-In. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Microwave Oven Market will Hit $16.8 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Whirlpool Corporation, LG Corporation, Samsung Electronics Co. Ltd. (Samsung Group), Alto Shaam, Inc., AB Electrolux, Techtronic Industries Co., Ltd., Illinois Tool Works Inc., Hon Hai Precision Industry Co., Ltd., Sharp Corporation
By Product Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Structure (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)
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