About Solo Microwaves
Solo microwave ovens are basic models in microwave oven category. It has one magnetron to produce microwaves. Most solo microwaves can also be used to defrost frozen food. Solo microwave ovens are basically optimal for cooking simple meals or just reheating cooked food. As compared to other microwave models like grill and convection solo microwave oven are cheaper. In the solo microwave oven, the heating process includes the magnetron and microwaves, water molecules in food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that Asian Manufacturers will contribute the maximum growth to Global Solo Microwaves market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens (Germany), Toshiba (Japan), BPL (India), Whirlpool (United States), Sharp (Japan), Sumsung (South Korea), Indesit (Italy), Robert Bosch (Germany), Panasonic (Japan), Electrolux (Sweden), Haier (China), LG Electronics (South Korea) and TRUMPF (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Solo Microwaves market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Solo Microwaves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Solo Microwaves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. Upto 22 Liters will boost the Solo Microwaves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Ready-to Eat Food among Consumers
Market Growth Drivers:
Growing Number of Working Women, Rapid Advancement in Electronic Appliances and Changing Lifestyle and Food Consumption Preferences
Challenges:
High Electricity Cost limits the use of Such Appliances for Household Purposes
Restraints:
High Energy Consumption by Microwave
Opportunities:
Elevating Rate of Urbanization and Rising Investment in Cooking Appliances and Launch of Energy Efficient and Easy To Use Kitchen Appliances
Market Leaders and their expansionary development strategies
In January 2020, High-tech company TRUMPF Hüttinger has acquired HBH Microwave GmbH. This acquisition adds semiconductor-based, solid-state microwave generators to TRUMPF Hüttinger’s technology portfolio. These devices are used in industrial heating, drying and plasma applications, as well as in communications and radar technology. Another important market the company has in its sights is particle accelerators for research, medicine and industry.
In OCTOBER 2022, LG Electronics, India’s leading consumer durable brand launched the new range of 2022 MICROWAVE OVENS with sophisticated designs, smart features and the latest technology. The all-new range of Charcoal Microwaves by LG offers a healthier way of cooking while keeping the authentic smoky taste.
Key Target Audience
Manufacturers of Solo Microwave, Suppliers of Solo Microwave, Wholesalers, Distributors and Retailers of Solo Microwave, Food & Beverage Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.