About Digital Electric Cooker
Digital electric cooker as the names suggest is essentially and the new concept of a domestic appliance intended for cooling in the summer season. It is operated electrically as well as sunlight also. A digital electric cooler is an important appliance to save electric energy. Advanced technology has been used in digitally controlled and automatic pressure cookers to enjoy the benefits of better, faster and healthier cooking. The unit features of the digital electric cookers are easy touch-button settings and a countdown timer. On switching on the device, it is required that the user set the temperature, and in case of interruptions, such as a power failure, the unit will automatically resume the cooking cycle where it was left off.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
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 competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Digital Electric Cooker market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fagor (Spain), Philips (Netherlands), Panasonic (Japan), Sinbo (Turkey), Midea (China), Supor (SEB) (China), Joyoung (China) and Galanz (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Electric Cooker market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Digital Electric Cooker 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. Online will boost the Digital Electric Cooker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cooker Capacity, the sub-segment i.e. 2 Litres will boost the Digital Electric Cooker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Utilization of Solar Power and Growing Concern about Environmental Pollution
Market Growth Drivers:
Growing Awareness of the Use of Renewable Energy and Favorable Government Policies and Subsidies
Challenges:
Leakage of Steam and The Cooker Lid Is Tight and Extremely Difficult To Remove
Restraints:
A High Cost of the Product
Opportunities:
Rising Demand from Developing Countries
In Aug 2019, Wonderchef has launched of Butri-pot automatic cooker in India. This cooker is avaialbe on electronic platforms and able to paired with mobile application. Through this initiative the company enhance their market competent in this market.
Key Target Audience
Manufacturers of Digital Electric Cooker, Suppliers of Digital Electric Cooker, Wholesalers, Distributors and Retailers of Digital Electric Cooker, Research Organization, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.