Report overview
The inverter microwave gets power supply through the inverter circuit whereas the regular microwave gets power supply through the transformer. The main advantage of an inverter oven is it supplies optimized heat and constant throughout cooking.
This report aims to provide a comprehensive presentation of the global market for Inverter Microwave Ovens, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Inverter Microwave Ovens. This report contains market size and forecasts of Inverter Microwave Ovens in global, including the following market information:
Global Inverter Microwave Ovens Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Inverter Microwave Ovens Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Inverter Microwave Ovens companies in 2022 (%)
The global Inverter Microwave Ovens market was valued at US$ 1629.5 million in 2022 and is projected to reach US$ 2092.5 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Inverter Microwave Oven is mainly classified into the three types by cavity: Under 1 Cu. Ft Type, 1 to 1.9 Cu. Ft type and Over 2 Cu. Ft type, Under 1 Cu. Ft type is the most widely used type which takes up about 58% of the total sales volume in 2019.
Inverter Microwave Oven have wide range of applications: Household and Commercial. Household applications occupied the largest market share and took up about 65% of the global market in 2019.
In the consumption area, Asia Pacific is the largest region of inverter Microwave Oven in the world in the past few years. Asia Pacific market took up above 31% the global Inverter Microwave Oven revenue market in 2019.
We surveyed the Inverter Microwave Ovens manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Inverter Microwave Ovens Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Inverter Microwave Ovens Market Segment Percentages, by Type, 2022 (%)
Under 1 Cu. Ft
1 to 1.9 Cu. Ft
Over 2 Cu. Ft
Global Inverter Microwave Ovens Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Inverter Microwave Ovens Market Segment Percentages, by Application, 2022 (%)
Household
Commercial
Global Inverter Microwave Ovens Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Inverter Microwave Ovens Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Inverter Microwave Ovens revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Inverter Microwave Ovens revenues share in global market, 2022 (%)
Key companies Inverter Microwave Ovens sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Inverter Microwave Ovens sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Panasonic
Galanz
Midea
Sharp
LG
Haier
Breville
Morphy Richards
Outline of Major Chapters:
Chapter 1: Introduces the definition of Inverter Microwave Ovens, market overview.
Chapter 2: Global Inverter Microwave Ovens market size in revenue and volume.
Chapter 3: Detailed analysis of Inverter Microwave Ovens manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Inverter Microwave Ovens in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Inverter Microwave Ovens capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
