Multi Ovens Market Research Report Analysis
The global Multi Ovens Market Research Report size to
reach approximately USD 30 billion registering a 4.5% CAGR from 2022 to 2030
(forecast period).
Multi ovens have several heating
elements behind the oven walls, including one on top, one on the bottom, and
one coiled around an electric fan, as well as a grill element inside the
cavity, which can be used in combination or separately to provide optimal
efficiency depending on what you are cooking. The restaurant industry has
flourished in recent years against the backdrop of a growing 'Dine Out' trend.
The restaurant industry is being transformed by a modern trend known as 'Eating
In.' The trend has resulted in a significant shift in consumer preference
towards eating at home rather than dining out. As a result, more restaurant and
hotel outlets are opening, thereby boosting the demand for multi ovens in
recent years.
Microwave ovens have become a
vital part of kitchen appliances. Microwave ovens function on thermal energy by
heating the polar molecules in food, a process also known as dialectic heating.
Microwave radiations emitted from microwave ovens have a shorter wavelength but
possess a huge amount of energy, allowing for faster cooking. Microwave ovens
can also be used for roasting, baking, and grilling, depending on their power
output. Microwave ovens come with a range of features, such as touch display
panels, a heating chamber, vents, and a glass turntable.
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Research Report
COVID-19 Impact on the Global Multi Ovens Market Research Report
Implementation of a set of
regulations by governments of different nations to deal with the COVID-19
crisis, such as a full shutdown of manufacturing units, is found to have an
impact on the growth of the global Multi
Ovens Market Research Report.
Market Segmentation
The global multi ovens industry
has been segmented based on product, end-user, and power source.
Based on product, the global Multi Ovens Market Research Report has been
divided into steam generated and boilerless. The steam generated product
segment is expected to hold a significant share of the market during the
forecast period. However, the boilerless segment is anticipated to grow at a
significant rate in the global Multi
Ovens Market Research Report.
By end-user, the global Multi Ovens Market Research Report has been
segmented into hotels & restaurants, bakery stores, retail outlets,
domestic & institutional, and commercial kitchens. The hotels &
restaurants end-user segment is projected to grow at a significant rate during
the assessment period due to increasing expenditure on food outside the home
and rising consumer preference for a variety of cuisine food products.
Based on the power source, the
global Multi Ovens Market Research
Report has been divided into gas and electric. The electric power source
segment is predicted to hold a significant share within the global Multi Ovens Market Research Report.
Regional Analysis
Based on region, the global Multi Ovens Market Research Report is
segmented into North America, Europe, Asia Pacific, Middle East & Africa,
and South America.
The Asia Pacific holds a
significant Multi Ovens Market Research
Report share due to the low production cost and availability of cheap labor in
countries like China and India.
Key Players
Key industry players in the multi
ovens industry include GE, Whirlpool Corporation, Frigidaire, Kenmore,
KitchenAid, Bosch, Siemens, SAMSUNG, Media, Haier, and Panasonic.
Industry News
February 2021- Bosch upgraded its
wall oven. The new wall ovens include convenience and style. The wall ovens
from Bosch aim to take multi-function to new heights, blowing functions such as
fast remote preheating, dough proofing, and air frying on one's smart device
through a feature known as Remote Start. It is compatible with other smart
devices from Bosch and more.
Summary
The global multi ovens industry
is projected to reach approximately USD 30 billion, registering a 4.5% CAGR
from 2020 to 2025 (forecast period). The global multi ovens industry is
predicted to develop rapidly during the forecast period, owing to rising demand
in hotels and restaurants. This is likely to spur the demand for multi ovens
during the forecast period.
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