Electric cooker, a device for cooking which is powered by electricity. In the current scenario, it is integrated with innovative features, modern technologies and multiple functionalities are witnessing a consistent demand from customer globally. Moreover, the use of electric cookers in developed nations is high comparatively developing economies. However, the growing penetration of electric cookers in the residential sector in emerging nations includes Asia Pacific, South America among others continues. This, in turn, expected to drive the very markets growth in the upcoming yearsThis growth is primarily driven by Growing Urbanization Couple with Increasing Disposable Income Globally and Growing Awareness of the Use of Renewable Energy and Favorable Government Policies and Subsidies.
Globally, a noticeable market trend is evident Increasing Product Innovation and Extention in Portfolio by Key Market Players. Major Vendors, such as Koninklijke Philips N.V. (Netherland), Panasonic (Japan), Tiger Corporation (Japan), Toshiba Corporation (Japan), Hitachi, Ltd. (Japan), Bajaj Electricals Ltd. (India), Supor (SEB) (China), Fagor Industrial (Spain), Midea (China), Sinbo (Turkey) and Joyoung (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The Ecodesign and Energy Labelling Regulations (respectively No 66/2014 and No 65/2014, the Regulations) for domestic cooking appliances were published in January 2014 and will be applicable from 2015 onwards. These Regulations establish minimum requirements and an energy labelling scheme for the products in their scope.
- Growing Urbanization Couple with Increasing Disposable Income Globally
- Growing Awareness of the Use of Renewable Energy and Favorable Government Policies and Subsidies
- Increasing Product Innovation and Extention in Portfolio by Key Market Players
- High Cost of Electric Cooker
Increasingly Introducing New Models with Rubber Seals and Locking Mechanisms for Spill-Free Transportation of Food
Availability of Substitutes
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