Europe Microwave Oven Market was worth US$ 3.00 Billion in 2023. It is expected to grow at a CAGR of 3.62% from 2024 to 2032 and be valued at US$ 4.13 Billion by 2032.
Microwave ovens are fundamental European kitchen appliances because of their efficiency and convenience. These compact gadgets use microwave radiation to quickly and lightly warm meals, making them perfect for busy families and culinary lovers. Their recognition stems from their potential to defrost, cook, and reheat diverse dishes in a fragment of the time required by conventional ovens. With the quick-paced lifestyle usual in Europe, microwave ovens provide a time-saving food preparation solution without compromising taste or nutritional value. Their vast adoption highlights their importance as a staple equipment in present-day European kitchens.
In the Germany microwave oven market, energy-saving capabilities are essential. This is resonating with sustainability-centered clients. Compact trends like Küppersbusch's Graphite Line, released in July 2023, offer multifunctionality with microwave, grill, and mixed functions, ideal for smaller kitchens. These microwaves boast five output levels, 14 pre-set programs, and an automatic defrost and weight system. Sustainable practices, including microwave-secure reusable bins, also meet eco-conscious needs. This is aiding the market in increasing eco-friendly answers and better capability.
In November 2023 - Panasonic Corporation announced its plans to launch a power supply and demand management demonstration project in 2024 at Panasonic Manufacturing UK Ltd., a manufacturer and seller of microwave ovens and other products. The project will utilize pure hydrogen fuel cells and photovoltaic generators for in-house power generation.
In October 2023 - Under the EU Merger Regulation, the European Commission has sanctioned the acquisition of total authority over Whirlpool Corporation's principal domestic appliances business in Europe, the Middle East, and Africa by Turkey's Arçelik A.Ş.
In August 2023 - At IFA 2023, LG Electronics (LG) plans to unveil a comprehensive built-in kitchen package that promises to enhance culinary experiences for everyone. The lineup includes an InstaView™ oven, QuadWash™ dishwasher, downdraft induction hob, bottom-freezer refrigerator, and microwave oven, all featuring energy-efficient designs, user-friendly interfaces, and elegant aesthetics.
2. Solo
3. Convection
2. Household
2. Counter Top
2. Offline
2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey
9. Rest of Europe
2. Sharp
3. LG Electronics
4. Whirlpool Corporation
5. GE Appliances
6. Panasonic Corporation
7. Samsung Electronics
8. Midea Group
Microwave ovens are fundamental European kitchen appliances because of their efficiency and convenience. These compact gadgets use microwave radiation to quickly and lightly warm meals, making them perfect for busy families and culinary lovers. Their recognition stems from their potential to defrost, cook, and reheat diverse dishes in a fragment of the time required by conventional ovens. With the quick-paced lifestyle usual in Europe, microwave ovens provide a time-saving food preparation solution without compromising taste or nutritional value. Their vast adoption highlights their importance as a staple equipment in present-day European kitchens.
Europe Microwave Oven Market Trends
- Expansion in the market due to evolving consumer lifestyles
- Increasing disposable incomes and heightened focus on home cooking
- Technological advancements
Household segment may take precedence in the Europe microwave oven market
The household sector could dominate the Europe microwave oven market. This is due to its considerable adoption in the home for cooking, reheating, and defrosting functions. Microwave ovens provide comfort, time-saving advantages, and versatility, making them essential kitchen and home equipment for nearby families.Germany microwave oven market
The microwave oven market in Germany is experiencing a remarkable boom. Busy lifestyles and the demand for quick food are critical drivers in the increase of the German microwave oven market. Microwaves excel at reheating leftovers, defrosting food, and preparing simple meals, aligning flawlessly with cutting-edge German living. Efficiency is noticeably valued among Germans, and microwaves provide a significant time-saving benefit in the kitchen. They also contribute to their vast adoption and popularity in households nationwide.In the Germany microwave oven market, energy-saving capabilities are essential. This is resonating with sustainability-centered clients. Compact trends like Küppersbusch's Graphite Line, released in July 2023, offer multifunctionality with microwave, grill, and mixed functions, ideal for smaller kitchens. These microwaves boast five output levels, 14 pre-set programs, and an automatic defrost and weight system. Sustainable practices, including microwave-secure reusable bins, also meet eco-conscious needs. This is aiding the market in increasing eco-friendly answers and better capability.
Europe Microwave Oven Market News
Illinois Tool Works Inc, Sharp, LG Electronics, Whirlpool Corporation, GE Appliances, Panasonic Corporation, Samsung Electronics, and Midea Group are the critical players in the Europe microwave oven market.In November 2023 - Panasonic Corporation announced its plans to launch a power supply and demand management demonstration project in 2024 at Panasonic Manufacturing UK Ltd., a manufacturer and seller of microwave ovens and other products. The project will utilize pure hydrogen fuel cells and photovoltaic generators for in-house power generation.
In October 2023 - Under the EU Merger Regulation, the European Commission has sanctioned the acquisition of total authority over Whirlpool Corporation's principal domestic appliances business in Europe, the Middle East, and Africa by Turkey's Arçelik A.Ş.
In August 2023 - At IFA 2023, LG Electronics (LG) plans to unveil a comprehensive built-in kitchen package that promises to enhance culinary experiences for everyone. The lineup includes an InstaView™ oven, QuadWash™ dishwasher, downdraft induction hob, bottom-freezer refrigerator, and microwave oven, all featuring energy-efficient designs, user-friendly interfaces, and elegant aesthetics.
Type - Market breakup in 3 viewpoints:
1. Grill2. Solo
3. Convection
Application - Market breakup in 2 viewpoints:
1. Commercial2. Household
Structure - Market breakup in 2 viewpoints:
1. Built-In2. Counter Top
Distribution Channel - Market breakup in 2 viewpoints:
1. Online2. Offline
Country - Market breakup in 9 viewpoints:
1. France2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey
9. Rest of Europe
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Illinois Tool Works Inc2. Sharp
3. LG Electronics
4. Whirlpool Corporation
5. GE Appliances
6. Panasonic Corporation
7. Samsung Electronics
8. Midea Group
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Europe Microwave Oven Market
4. Market Dynamics
6. Market Share - Europe Microwave Oven Market
7. Type - Europe Microwave Oven Market
8. Application - Europe Microwave Oven Market
9. Structure - Europe Microwave Oven Market
10. Distribution Channel - Europe Microwave Oven Market
11. Country - Europe Microwave Oven Market
12. Porter’s Five Analysis - Europe Microwave Oven Market
13. SWOT Analysis - Europe Microwave Oven Market
14. Company Analysis
List of Tables
List of Figures
Companies Mentioned
- Illinois Tool Works Inc
- Sharp
- LG Electronics
- Whirlpool Corporation
- GE Appliances
- Panasonic Corporation
- Samsung Electronics
- Midea Group
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | May 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 4.13 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 8 |
