Global Residential Microwave Oven Market Insights and Forecast to 2028

Amicrowave oven(also commonly referred to as amicrowave) is an electricoventhat heats and cooks food by exposing it toelectromagnetic radiationin themicrowavefrequency range.
Market Analysis and Insights: Global Residential Microwave Oven Market
Due to the COVID-19 pandemic, the global Residential Microwave Oven market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Microwave oven with smart connectivity accounting for % of the Residential Microwave Oven global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Built-in segment is altered to an % CAGR throughout this forecast period.
China Residential Microwave Oven market size is valued at US$ million in 2021, while the US and Europe Residential Microwave Oven are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Residential Microwave Oven landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Residential Microwave Oven include Electrolux, Haier, LG Electronics, Panasonic Corporation, Robert Bosch, Whirlpool Corporation, Foxconn, Samsung and The Middleby Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Residential Microwave Oven Scope and Segment
Residential Microwave Oven market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Residential Microwave Oven market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Microwave oven with smart connectivity
Microwave oven without smart connectivity
Segment by Application
Built-in
Counter top
By Company
Electrolux
Haier
LG Electronics
Panasonic Corporation
Robert Bosch
Whirlpool Corporation
Foxconn
Samsung
The Middleby Corporation
Group SEB
Midea Group
FELIX STORCH INC
By Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE