In accordance with the Energy Policy and Conservation Act of 1975 (EPCA), as amended, the U.S. Department of Energy (DOE) implements minimum efficiency standards for a wide range of appliances and equipment used in residential and commercial buildings. Within the parameters of technical feasibility and cost-effectiveness, federal efficiency standards compel product designers and manufacturers to reduce the amount of energy and water necessary for the proper operation of appliances and other building equipment.
According to the report, Increasing Food Services Establishment is one of the primary growth factors for the market. Increasing Disposable Income and Changing Lifestyle
is also expected to contribute significantly to the Cooking Appliances market. Overall, Residential
applications of Cooking Appliances, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology, such as Conduction, is boosting the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Fuel Type, such as Cooking Gas, is boosting the Cooking Appliances market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Cooking Appliances market identified that the demand is rising in many different parts of the world as "Rising Demand for Smart Kitchen Appliances".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cooking Appliances market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cooking Appliances market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.