The global Microwave Market is estimated to reach USD 8 Billion in 2022. Sales of microwaves are expected to increase at a steady 4% CAGR, pushing the market size to USD 11.84 Billion by 2032, supported by:
During the period ranging from 2020 to 2022, microwave demand prospects appeared limited, attributed to the onset of the COVID-19 pandemic, which shook investor confidence amid cessation of all industrial activity. This blip was gradually overcome since mid-2021, leading to a resurgence in growth projections.
The microwave uses electromagnetic radiation for heating and cooking and heats food efficiently with safe radiation. Microwaves are popular for reheating previously cooked foods and cooking a variety of food.
Rising demand for fresh food and ready-to-eat foods coupled with growing sales of smart kitchen appliances is the key factor boosting the microwave market. Increased adoption of modern and contemporary kitchen equipment is promoting growth in the market.
Also, the increased spending on smart kitchen appliances is increasing, key players are focusing on product launches and the integration of advanced technologies in cooking gadgets to boost the microwave market.
| Data Points | Key Statistics |
|---|---|
| Microwave Market Value in 2022 | USD 8 Billion |
| Microwave Market Forecast Value in 2032 | USD 11.84 Billion |
| Global Growth Rate | 4% |
North America, is expected to be the most lucrative market for microwave, and is expected to hold a significant value share in 2022. Preference for smart home appliances such as smart microwave is surging as a result of IoT enabled kitchen appliances.
The growing food processing and food service industry in North America has propelled the sales of microwave ovens in the region.
In addition, manufacturers are developing technologically advanced products such as smart microwaves compatible with smartphones. Moreover, with increasing internet penetration, and surging adoption of wireless technologies, sales of microwaves in the region are expected to surge over the forecast period.
Based on the structure type, the countertop microwave holds the maximum share and is expected to have a significant market value share by the end of 2032. Growth in the segment is contributed to the compatibility of this microwave and its cost-effectiveness.
As compared to built-in microwaves the installation of countertop microwaves is easy, as they have zero installation cost, and only require a power plug.
These microwaves are easy to use and they are suitable for most household cooking needs. The convenience to move such microwaves to desirable places is also contributing to sales in the market.
Thus countertop microwaves have huge demand in the commercial sector as well. On the back of these aforementioned factors, the demand for countertop microwaves is surging over the assessment period.
Demand for microwaves is expected to grow at a 4% CAGR over the forecast period, in comparison to the moderate CAGR registered between 2017 to 2021. Various startups and global players are leveraging digital platforms to promote their products and increase sales.
Increasing number of nuclear households and rising demand for frozen and ready-to-eat food are expected to drive the market. Besides this, hectic schedules and increasing focus on healthy diets among consumers will boost the adoption of microwaves.
Expansion in the hospitality sector, as well as a rise in catering contracts for large-scale events, seminars, and other social gatherings is expected to spur demand for commercial appliances.
Increasing awareness of various kitchen equipment, such as grills, microwaves, and barbecue equipment is predicted to have a positive impact in the growth in the market.
Further, growing trend in home automation, which is characterized by inverter-based microwaves, is likely to create opportunities for growth for microwave manufacturers over the forecast period.
Increasing sales of frozen and ready-to-eat food is driving demand for microwaves among consumers. Growing population and increased understanding of different cooking mediums such as microwaves, grills, and barbeques are expected to propel sales of microwaves over the forecast period.
Increasing Focus on Home-cooking in the USA Will Fuel Sales of Microwaves
Sales in the USA microwave market are forecast to increase at a 1.1% CAGR over the forecast period. Increasing demand for smart appliances and growing preference energy-efficient kitchen appliances are some of the factors driving the USA market.
Furthermore, rising trend of home-cooking among millennials is spurring demand for affordable and energy efficient kitchen appliances among millennials in the USA will continue augmenting the growth in the market over the forecast period.
High Demand for Energy-Efficient Kitchen Appliances Will Fuel Sales of Microwaves
Demand for microwaves in China is forecast to grow at a 10.2% CAGR over the assessment period. Increasing consumption of frozen and packaged meat snacks in China is fueling sales of microwaves.
In addition to this, rapid adoption of technologically advanced equipment for the manufacturing of consumer goods and kitchen appliances in China will propel sales of microwaves over the assessment period.
Rising Demand for Convenient Kitchen Products Will Drive the India Microwave Market
The India microwave market is expected to expand at a CAGR of 8.0% during the forecast period. Consumers are preferring technology-driven kitchen appliances, such as microwaves, which is expected to boost sales in the market.
Rising electrification in rural areas and high adoption of online retail channels will drive the expansion in the market over the assessment period.
Demand for Countertop Microwaves Will Continue Gaining Traction
Based on structure, sales of countertop microwaves will grow at a CAGR of 3.3% during the forecast period. When compared with built-in microwave, the cost of countertop microwaves is less. The installation of countertop microwaves is also easy.
Furthermore, they have zero establishment costs and only require a power plug and space at the counter. Rising demand for energy-efficient and affordable kitchen appliances will drive sales in this segment.
Sales of Microwaves for Commercial Purposes to Remain High
By applications, demand for microwave in the commercial sector is expected to increase at a 4.1% CAGR over the assessment period. The cost of using microwave is less as it uses less energy than a cook stove. It is suitable for small portions of food, which is useful in places such as restaurants, hotels, schools, and offices.
Increased Product Availability on Internet Platforms Will Propel Sales of Microwaves
In terms of sales channels, the online segment will account for a dominant share in the market over the forecast period. Increased product availability on internet platforms, which allows for price, design, and feature comparisons, will boost sales through these channels.
Secure transaction/payment and doorstep delivery are also provided by online platforms. Refund and exchange policies that are friendly to customers are maintained. As a result, sales of microwaves through online channels will remain high.
Leading companies operating in the global microwave market are investing in research and development to introduce new products in the market. Manufacturers are also using brand other strategies to improve their brand awareness. For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 8 Billion |
| Projected Market Valuation (2032) | USD 11.84 Billion |
| Value-based CAGR (2022 to 2032) | 4% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & MEA |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, the UK, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
| Key Segments Covered | Product Type, Application, Structure, Sales Channel and Region. |
| Key Companies Profiled | Galanz Enterprise group.; Whirlpool Corporation; Hoover Limited; LG Electronics; AB Electrolux.; Sharp Corporation; Illionis Tool works INC; Alto-Shaam INC; Panasonic Corporation; Haier group corporation; Robert Bosch |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1 : Global Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 2 : Global Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 3 : Global Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 4 : Global Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 5 : Global Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 6 : Global Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 7 : Global Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 8 : Global Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 9 : Global Market Value (US$ Bn) Forecast by Region, 2017-2032
Table 10 : Global Market Volume (‘000 Units) Forecast by Region, 2017-2032
Table 11 : North America Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 12 : North America Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 13 : North America Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 14 : North America Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 15 : North America Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 16 : North America Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 17 : North America Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 18 : North America Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 19 : North America Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 20 : North America Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 21 : Latin America Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 22 : Latin America Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 23 : Latin America Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 24 : Latin America Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 25 : Latin America Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 26 : Latin America Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 27 : Latin America Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 28 : Latin America Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 29 : Latin America Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 30 : Latin America Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 31 : Europe Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 32 : Europe Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 33 : Europe Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 34 : Europe Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 35 : Europe Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 36 : Europe Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 37 : Europe Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 38 : Europe Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 39 : Europe Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 40 : Europe Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 41 : East Asia Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 42 : East Asia Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 43 : East Asia Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 44 : East Asia Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 45 : East Asia Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 46 : East Asia Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 47 : East Asia Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 48 : East Asia Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 49 : East Asia Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 50 : East Asia Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 51 : South Asia Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 52 : South Asia Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 53 : South Asia Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 54 : South Asia Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 55 : South Asia Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 56 : South Asia Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 57 : South Asia Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 58 : South Asia Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 59 : South Asia Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 60 : South Asia Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 61 : Oceania Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 62 : Oceania Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 63 : Oceania Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 64 : Oceania Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 65 : Oceania Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 66 : Oceania Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 67 : Oceania Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 68 : Oceania Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 69 : Oceania Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 70 : Oceania Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Table 71 : MEA Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 72 : MEA Market Volume (‘000 Units) Forecast by Country, 2017-2032
Table 73 : MEA Market Value (US$ Bn) Forecast by Product Type, 2017-2032
Table 74 : MEA Market Volume (‘000 Units) Forecast by Product Type, 2017-2032
Table 75 : MEA Market Value (US$ Bn) Forecast, By Application, 2017-2032
Table 76 : MEA Market Volume (‘000 Units) Forecast, By Application, 2017-2032
Table 77 : MEA Market Value (US$ Bn) Forecast, By Structure, 2017-2032
Table 78 : MEA Market Volume (‘000 Units) Forecast, By Structure, 2017-2032
Table 79 : MEA Market Value (US$ Bn) Forecast, By Sales Channel, 2017-2032
Table 80 : MEA Market Volume (‘000 Units) Forecast, By Sales Channel, 2017-2032
Figure 01 : Global Market Value (US$ Bn) and Volume (‘000 Units) Analysis, 2017-2021
Figure 02 : Global Market Value (US$ Bn) and Volume (‘000 Units) Forecast, 2022-2032
Figure 03 : Global Market Value (US$ Bn) Analysis, 2017-2021
Figure 04 : Global Market Value (US$ Bn) Forecast, 2022-2032
Figure 05 : Global Market Absolute $ Opportunity Value (US$ Bn), 2022-2032
Figure 06 : Global Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 07 : Global Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 08 : Global Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 09 : Global Market Attractiveness by Product Type, 2022-2032
Figure 10 : Global Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 11 : Global Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 12 : Global Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 13 : Global Market Attractiveness by Application, 2022-2032
Figure 14 : Global Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 15 : Global Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 16 : Global Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 17 : Global Market Attractiveness by Structure, 2022-2032
Figure 18 : Global Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 19 : Global Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 20 : Global Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 21 : Global Market Attractiveness by Sales Channel, 2022-2032
Figure 22 : Global Market Value (US$ Bn) Analysis by Region, 2017-2032
Figure 23 : Global Market Volume (‘000 Units) Analysis by Region, 2017-2032
Figure 24 : Global Market Y-o-Y Growth (%) Projections, By Region, 2022-2032
Figure 25 : Global Market Attractiveness by Region, 2022-2032
Figure 26 : North America Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 27 : North America Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 28 : North America Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 29 : North America Market Attractiveness by Country, 2022-2032
Figure 30 : North America Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 31 : North America Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 32 : North America Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 33 : North America Market Attractiveness by Product Type, 2022-2032
Figure 34 : North America Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 35 : North America Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 36 : North America Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 37 : North America Market Attractiveness by Application, 2022-2032
Figure 38 : North America Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 39 : North America Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 40 : North America Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 41 : North America Market Attractiveness by Structure, 2022-2032
Figure 42 : North America Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 43 : North America Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 44 : North America Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 45 : North America Market Attractiveness by Sales Channel, 2022-2032
Figure 46 : Latin America Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 47 : Latin America Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 48 : Latin America Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 49 : Latin America Market Attractiveness by Country, 2022-2032
Figure 50 : Latin America Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 51 : Latin America Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 52 : Latin America Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 53 : Latin America Market Attractiveness by Product Type, 2022-2032
Figure 54 : Latin America Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 55 : Latin America Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 56 : Latin America Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 57 : Latin America Market Attractiveness by Application, 2022-2032
Figure 58 : Latin America Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 59 : Latin America Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 60 : Latin America Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 61 : Latin America Market Attractiveness by Structure, 2022-2032
Figure 62 : Latin America Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 63 : Latin America Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 64 : Latin America Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 65 : Latin America Market Attractiveness by Sales Channel, 2022-2032
Figure 66 : Europe Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 67 : Europe Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 68 : Europe Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 69 : Europe Market Attractiveness by Country, 2022-2032
Figure 70 : Europe Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 71 : Europe Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 72 : Europe Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 73 : Europe Market Attractiveness by Product Type, 2022-2032
Figure 74 : Europe Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 75 : Europe Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 76 : Europe Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 77 : Europe Market Attractiveness by Application, 2022-2032
Figure 78 : Europe Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 79 : Europe Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 80 : Europe Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 81 : Europe Market Attractiveness by Structure, 2022-2032
Figure 82 : Europe Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 83 : Europe Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 84 : Europe Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 85 : Europe Market Attractiveness by Sales Channel, 2022-2032
Figure 86 : East Asia Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 87 : East Asia Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 88 : East Asia Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 89 : East Asia Market Attractiveness by Country, 2022-2032
Figure 90 : East Asia Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 91 : East Asia Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 92 : East Asia Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 93 : East Asia Market Attractiveness by Product Type, 2022-2032
Figure 94 : East Asia Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 95 : East Asia Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 96 : East Asia Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 97 : East Asia Market Attractiveness by Application, 2022-2032
Figure 98 : East Asia Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 99 : East Asia Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 100 : East Asia Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 101 : East Asia Market Attractiveness by Structure, 2022-2032
Figure 102 : East Asia Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 103 : East Asia Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 104 : East Asia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 105 : East Asia Market Attractiveness by Sales Channel, 2022-2032
Figure 106 : South Asia Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 107 : South Asia Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 108 : South Asia Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 109 : South Asia Market Attractiveness by Country, 2022-2032
Figure 110 : South Asia Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 111 : South Asia Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 112 : South Asia Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 113 : South Asia Market Attractiveness by Product Type, 2022-2032
Figure 114 : South Asia Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 115 : South Asia Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 116 : South Asia Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 117 : South Asia Market Attractiveness by Application, 2022-2032
Figure 118 : South Asia Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 119 : South Asia Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 120 : South Asia Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 121 : South Asia Market Attractiveness by Structure, 2022-2032
Figure 122 : South Asia Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 123 : South Asia Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 124 : South Asia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 125 : South Asia Market Attractiveness by Sales Channel, 2022-2032
Figure 126 : Oceania Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 127 : Oceania Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 128 : Oceania Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 129 : Oceania Market Attractiveness by Country, 2022-2032
Figure 130 : Oceania Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 131 : Oceania Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 132 : Oceania Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 133 : Oceania Market Attractiveness by Product Type, 2022-2032
Figure 134 : Oceania Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 135 : Oceania Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 136 : Oceania Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 137 : Oceania Market Attractiveness by Application, 2022-2032
Figure 138 : Oceania Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 139 : Oceania Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 140 : Oceania Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 141 : Oceania Market Attractiveness by Structure, 2022-2032
Figure 142 : Oceania Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 143 : Oceania Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 144 : Oceania Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 145 : Oceania Market Attractiveness by Sales Channel, 2022-2032
Figure 146 : MEA Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 147 : MEA Market Volume (‘000 Units) Analysis by Country, 2017-2032
Figure 148 : MEA Market Y-o-Y Growth (%) Projections, By Country, 2022-2032
Figure 149 : MEA Market Attractiveness by Country, 2022-2032
Figure 150 : MEA Market Value (US$ Bn) Analysis by Product Type, 2017-2032
Figure 151 : MEA Market Volume (‘000 Units) Analysis by Product Type, 2017-2032
Figure 152 : MEA Market Y-o-Y Growth (%) Projections, By Product Type, 2022-2032
Figure 153 : MEA Market Attractiveness by Product Type, 2022-2032
Figure 154 : MEA Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 155 : MEA Market Volume (‘000 Units) Analysis by Application, 2017-2032
Figure 156 : MEA Market Y-o-Y Growth (%) Projections, By Application, 2022-2032
Figure 157 : MEA Market Attractiveness by Application, 2022-2032
Figure 158 : MEA Market Value (US$ Bn) Analysis by Structure, 2017-2032
Figure 159 : MEA Market Volume (‘000 Units) Analysis by Structure, 2017-2032
Figure 160 : MEA Market Y-o-Y Growth (%) Projections, By Structure, 2022-2032
Figure 161 : MEA Market Attractiveness by Structure, 2022-2032
Figure 162 : MEA Market Value (US$ Bn) Analysis by Sales Channel, 2017-2032
Figure 163 : MEA Market Volume (‘000 Units) Analysis by Sales Channel, 2017-2032
Figure 164 : MEA Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022-2032
Figure 165 : MEA Market Attractiveness by Sales Channel, 2022-2032
The global microwave market is projected to reach a valuation of USD 8 Billion in 2022.
The global microwave market grew at a 4.0% CAGR between 2022 and 2032.
The growing popularity of online stores, new product launches, and increasing usage of commercial microwaves are some of the key trends boosting the market.
Leading players operating in the global microwave market are Whirlpool, LG, Panasonic, Robert Bosch, and others.
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Microwave Market
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