Industry Background:
Digital electric cooker as the names suggest is essentially and the new concept of a domestic appliance intended for cooling in the summer season. It is operated electrically as well as sunlight also. A digital electric cooler is an important appliance to save electric energy. Advanced technology has been used in digitally controlled and automatic pressure cookers to enjoy the benefits of better, faster and healthier cooking. The unit features of the digital electric cookers are easy touch-button settings and a countdown timer. On switching on the device, it is required that the user set the temperature, and in case of interruptions, such as a power failure, the unit will automatically resume the cooking cycle where it was left off.
According to AMA Research, the market for Digital Electric Cooker is expected to register a CAGR of 4.8% during the forecast period to 2030. This growth is primarily driven by Growing Awareness of the Use of Renewable Energy
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Fagor (Spain), Philips (Netherlands), Panasonic (Japan), Sinbo (Turkey), Midea (China), Supor (SEB) (China), Joyoung (China) and Galanz (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Aug 2019, Wonderchef has launched of Butri-pot automatic cooker in India. This cooker is avaialbe on electronic platforms and able to paired with mobile application. Through this initiative the company enhance their market competent in this market.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.
Influencing Trend:
Utilization of Solar Power and Growing Concern about Environmental Pollution
Market Growth Drivers:
Growing Awareness of the Use of Renewable Energy and Favorable Government Policies and Subsidies
Challenges:
Leakage of Steam and The Cooker Lid Is Tight and Extremely Difficult To Remove
Restraints:
A High Cost of the Product
Opportunities:
Rising Demand from Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Digital Electric Cooker Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Digital Electric Cooker Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Digital Electric Cooker players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Electric Cooker Study Sheds Light on
The Digital Electric Cooker Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Electric Cooker industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Electric Cooker industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.