Global Commercial Microwave Ovens Market 2018-2022
About Commercial Microwave Ovens
Commercial microwave ovens use electromagnetic radiation in the microwave frequency range to heat food products. Commercial microwave ovens are mostly used to heat various food products in foodservice establishments.
Technavio’s analysts forecast the global commercial microwave ovens market to grow at a CAGR of 4.09% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial microwave ovens market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Microwave Ovens Market 2018-2022
Technavio recognizes the following companies as the key players in the global commercial microwave ovens market: Ali Group, Galanz, Midea Group, Panasonic, SHARP, and The Vollrath Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of commercial microwave ovens with automatic timers. For proper cooking during the cooking process, it is necessary to maintain a consistent temperature and exact cooking time. Manufacturers in this market are constantly focusing on providing equipment with automatic timers so that the food products are cooked for the accuracy required time.”
According to the report, one driver in the market is growing demand for energy-efficient cooking process. Analysts have identified the growing demand for the energy-efficient cooking process as one of the primary factors that will trigger the growth of the commercial microwave ovens market in the coming years. In the recent times, commercial kitchens are equipped with microwave oven, which is considered as one of the most efficient cooking equipment.
Further, the report states that one challenge in the market is growing threat from substitute products. A commercial microwave oven uses microwaves to heat food. The microwaves are directed toward at the food and are absorbed by fats, water, and other substances in the food.
Ali Group, Galanz, Midea Group, Panasonic, SHARP, and The Vollrath Company.
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