PUBLISHER: Renub Research | PRODUCT CODE: 1484141
PUBLISHER: Renub Research | PRODUCT CODE: 1484141
United States Microwave Oven Market was worth US$ 3.22 Billion in 2023. It is expected to grow at a CAGR of 3.66% from 2024 to 2032 and be valued at US$ 4.45 Billion by 2032.
An equipment that uses microwaves, or high-frequency electromagnetic waves, to cook food is a microwave oven. A microwave oven is a compact, box-shaped oven that uses an electromagnetic field with a high frequency to heat food. Water, lipids, carbohydrates, and some other molecules absorb the microwaves, causing their vibrations to cause heat. This shortens the cooking time considerably because the heating takes place inside the meal rather than warming the surrounding air. With a microwave oven, people can finish baking and other cooking duties in minutes that take hours in a traditional oven.
United States Microwave Oven Market Trends
American lifestyles are changing quickly, as seen by busier schedules and an increasing preference for comfort. This is contributing to the explosion in the microwave ovens market.
There is an increasing need for time-saving and simple kitchen tools that may streamline culinary procedures as more people lead busy lives. These household gadgets are essential in modern kitchens because they meet the needs of a urban lifestyle by offering quick and hygienic food preparation solutions.
This trend highlights how important comfort is becoming, which is fueling the growth of the microwave oven market in the United States.
The United States microwave ovens market is developing as a result of the increasing number of women entering the workforce and the increased demand for ready-to-eat food.
Microwave ovens offer a quick and efficient way to reheat leftovers, frozen meals, or prepared food. This underscores their role as essential time-saving kitchen gadgets in modern households while also accommodating the hectic schedules of working individuals.
Convection and sensor cooking are two technological advancements that have revolutionized the US microwave oven market. This improves adaptability and functionality. Depending on the moisture stages of the food, sensor cooking modifies the cooking time and power levels. This guarantees optimal results even in the absence of constant observation. Convection technology moves hot air around simultaneously to bake, roast, and heat food more quickly and evenly.
Microwave oven use in commercial settings is a major factor in the US market's expansion. They are used to swiftly reheat or prepare meals and attend to the needs of both customers and employees. They can be found at cafeterias, restaurants, and convenience stores. They are essential for quick meal preparation without the need for complicated equipment because of their comfort and efficiency. The need for microwaves is growing as businesses prioritize productivity. This encourages the expansion of the United States microwave oven market.
California Microwave Oven Market
This serves a vital role in the United States microwave oven market by giving merchants and equipment manufacturers access to a large consumer base. Californians are known to be tech-savvy and frequently take the lead in implementing cutting-edge technologies. This includes improved microwave features like intelligent connectivity and more healthful cooking choices. Microwaves are increasingly capable of supporting techniques like air-frying or steaming, thanks to a strong emphasis on healthy living.
The fact that Californians have more discretionary income than the national average also shows that the state's citizens are willing to spend money on high-end microwaves with exceptional features or stylish designs.
The state of California's attention on energy efficiency may also increase demand for high-star microwaves or models with power-saving capabilities. This fits in with the nation's environmental agenda.
United States Microwave Oven Market Company News
Illinois Tool Works Inc., Sharp, LG Electronics, Whirlpool Corporation, GE Appliances, Panasonic Corporation, Samsung Electronics, and Midea Group are the major industry players in the United States Microwave Oven Market.
In January 2024, Panasonic extended its partnership with Fresco, the leading smart kitchen platform for the most efficient equipment brands. They will introduce a groundbreaking cooking assistant for Panasonic kitchen home equipment, starting with the Panasonic HomeCHEF 4-in-1 multi-oven. This revolutionary smart equipment and its connected cooking experience will be unveiled at the Consumer Electronics Show (CES) 2024.
In January 2023- Samsung's spotlight returned to the kitchen, featuring various refrigerator models and an oven, each equipped with upgraded hardware and software. A new initiative under the Bespoke brand also extends beyond appliances, focusing on household energy management.
In May 2023- Whirlpool Corporation will present its latest kitchen and laundry appliances at the Pacific Coast Builders' Conference (PCBC). Featured products at booth #911 will highlight trends like Healthy Homes, with the KitchenAid(R) 30-inch Induction Range and Whirlpool(R) Microwave offering Air Fry functionality. The KitchenAid(R) Over-the-Range Microwave will showcase seamless kitchen design, integrating with cabinetry for beauty and functionality.
In December 2022-At CES(R) 2023, LG Electronics (LG) will debut an upgraded culinary experience with its latest upgradeable kitchen appliances. These include the LG QuadWash(R) Pro dishwasher, LG InstaView(R) Combination Double Wall Oven, Over-the-Range Microwave Oven, and Electric Double Slide-in Range. These appliances boast powerful performance driven by LG's advanced technologies and offer exceptional convenience through integration with LG ThinQ(TM). LG aims to enhance customer experiences and deliver added value in kitchen appliance technology.
In December 2020- Sharp Home Electronics Company of America (SHCA) introduced its inaugural smart countertop microwave ovens, equipped with Wi-Fi connectivity and Works with Alexa certification. These ovens come in two sizes: a mid-sized 1.1 cu. Ft model (SMC1139FS) and a family-sized 1.4 cu. The ft model (SMC1449FS) allows for hands-free operation through voice commands.
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All the Key players have been covered from 3 Viewpoints:
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