What is Commercial Microwave Ovens?
Commercial microwaves are constructed with higher quality materials and designed for superior durability compared to a typical residential microwave. They are also designed for much more frequent and heavy use than a home model. A commercial microwave will typically have a much higher power output than a residential microwave. The oven depends on the power output and it is used for the purpose of baking, roasting, and grilling. Further, Robust growth in the hospitality sector, its increasing usage in research laboratories and increasing catering contracts for large-scale functions, seminars, and other social gatherings is driving the commercial microwave oven market.
The market study is broken down by Type (Under 1 Cu. Ft Type, 1 to 1.9 Cu. Ft Type and Over 2 Cu.ft Type), by Application (Restaurants, Bakeries and Other Food Service Industry) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Players from Japanese and German will contribute to the maximum growth of Global Commercial Microwave Ovens market throughout the predicted period.
Siemens (Germany), GE (United States), Whirlpool Corporation (United States), AB Electrolux (Sweden), LG Electronics (South Korea), Samsung Electronics (South Korea), Toshiba (Japan), Galanz Enterprise Group (China), Panasonic Corporation (Japan) and Sharp Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bosch (Germany) and Breville (Australia).
AdvanceMarketAnalytics has segmented the market of Global Commercial Microwave Ovens market by Type, Application and Region.
On the basis of geography, the market of Commercial Microwave Ovens has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Commercial Microwave Ovens market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structure, the sub-segment i.e. Built-in will boost the Commercial Microwave Ovens market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
March 2019, Government expands Standards & Labelling Program for Energy Efficient appliances to include Microwave Ovens. The Government has estimated savings of over USD 3.0 Billion units of electricity at consume-end through the adoption of Star Rated Microwave Ovens by 2030. This would be equivalent to Green House Gases (GHG) reduction of 2.6 Million-ton of CO2 by the year 2030 through these initiatives
- Increasing Awareness about Different Cooking Media such as Microwave Oven, Grill & Barbeques
- Rising Demand for RTE Food Among Consumers
- Growing Number of Hotels
- Rapid Advancement in Electronic Appliances
- Changing Lifestyle and Food Consumption Preferences
- Elevating Rate of Urbanization and Rising Investment in Cooking Appliances
- Launch of Energy Efficient and Easy To Use Kitchen Appliances
- High Energy Consumption by Commercial Microwave Ovens
- High Electricity Cost Limits the use of Such Appliances For Commercial Purposes
Key Target AudienceCommercial Microwave Ovens Manufacturers, Industry Associations, Potential Investors, Marketing firms, Government and Regulatory Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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