What is Electric Oven Market?
Electric ovens are the most common home appliance that works using heating elements placed on the walls of the oven. They are cheaper than gas ovens that make up the majority of the market. They are easy to clean, easy to use as well as easy to cook which makes them ideal for baking and frozen pizzas. They are of two types including conventional electric oven and convection electric oven. The conventional electric oven heats from the bottom up and the convection electric oven circulates warm air from the back via a fan. Convection electric ovens use about 20% to 30% less energy than conventional electric ovens.
The market study is being classified by Type (Conventional Electric Ovens and Convection Electric Ovens), by Application (Home Appliance and Commercial) and major geographies with country level break-up.
GE Appliances (United States), Whirlpool Corporation (United States), Frigidaire Appliance Company (United States), KitchenAid (United States), Robert Bosch Home Appliances (Germany), Siemens AG (Germany), Samsung Group (South Korea), Haier Group Corporation (China), Panasonic (Japan) and Teltech (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Precision Quincy Ovens (United States) and Elmec Heaters (India).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Electric Oven market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Electric Oven market by Type, Application and Region.
On the basis of geography, the market of Electric Oven 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Benefits of the Electric Ovens such as Ease of Use and Cost-Effective
- Increased Disposable Income of the People in Developing Countries
- Robust Increase in the Distribution Channels
- Increased Number of Online Customers
- Sower Cooking Compared to Gas Ovens
- Growth in the E-commerce Industry Worldwide
- Growing Demand from Emerging Markets
- Increasing Competition in the Market
Key Target AudienceElectric Oven Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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