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

Microwave Oven Market Driver

• Well-equipped combo-microwaves are finding their place in the global microwave oven market.

Combination ovens, which include a grilling area in addition to a convection oven, are gaining acceptance not only for household use but also in the commercial sector. The dangers of eating fried and oil-heavy meals have been brought to light by informational accessibility and increased health awareness. Many individuals look forward to eating foods that are baked or drizzled with healthy oil since they are more nutritious. These multifunctional microwaves make using them simple and enjoyable, and it is anticipated that demand for them will increase in the future years.

Microwave Oven Market Challenge

• High Power consumption

Microwave ovens consume a high amount of power and are considered to be less power efficient. In various countries, there is a limitation for electricity load consumption and such high-power appliance are rarely embraced which becomes a major impeding factor for the global market. Along with this the microwaves specialized for commercial purposes are higher power consumers. Governmental policies and initiatives to limit the power usage and related power dissipation concerts pose a detrimental effect on such appliances. However, the key manufacturers are indulged in various innovative and research activities toward energy-efficient microwave ovens