Microwave Oven Market Size, Share, Growth Analysis, By Structural Set-up(Built-in, Counter-top), By Product Type(Convention Type, Grill Type, Solo Type), By End-User(Household, Commercial), By Region - Industry Forecast 2024-2031

Key players in the global Microwave Oven Market are deploying strategic methods accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, partnerships and strategic agreements and contracts along with various research and development activities to cater to new launches and services. Various industry players are leveraging ways to expand their global presence following numerous developmental strategies.

Microwave Oven Market Top Players Company Profiles

• LG Electronics
• AB Electrolux
• Samsung Electronics
• Whirlpool Corporation
• Panasonic Corporation
• Haier Group Corporation
• Sharp Corporation
• Bosch Home Appliances
• Midea Group Co., Ltd.
• General Electric
• Toshiba Corporation
• Hitachi, Ltd.
• Groupe SEB
• Guangdong Galanz Enterprises Co., Ltd.
• Daewoo Electronics
• Godrej Appliances
• Vestel Group
• Breville Group Limited
• Mueller Austria
• Black & Decker Corporation

Microwave Oven Market Recent Development

• In June 2022, LG Electronics announced its plan to present the essence of its ultra-premium built-in kitchen appliance brand at Milan Design Week 2022. This is a globally recognised design event.
• In June 2022, Samsung Electronics announced the global launching of “SmartThings Home Life”. It intends to offer consumers with holistic smart home experience by applying connectivity between smart devices and enriching day-to-day routine activities at home thereby streamlining it smartly. The initiative is set with a vision to expand the services worldwide and empower consumer experience in their daily tasks.
• In April 2022, LG announced its vision in partnership with Wolves Summit to leverage innovative technologies and solutions for a better life at home. The partnership intends to work closely with the winners and create intellectually designed, convenient solutions for the future generation home.