1. The global microwave oven market was valued at USD 11.40 billion in 2018 and is projected to reach a value of USD 16.21 billion by 2026, registering a CAGR of 4.5% during the forecast period, 2019– 2026, according to a new Straits Research study.

2. A microwave oven functions on thermal energy; it heats the polar molecules in food through a process known as dialectic heating. The radiations emitted from the product are of a shorter wavelength but possess a large amount of energy, which results in faster cooking of the food. Additionally, depending upon the power output, these ovens can be used for roasting, baking, and grilling. Microwave ovens are manufactured with various features such as touch display panels, a heating chamber, vents, and a glass turntable. One of the key advantages associated with using a microwave oven is safety. Microwave cooking is relatively safe as compared to conventional cooking as it has several safety systems in place.

3. The Microwave Oven market report is the most important research for who looks for complete information on the global trends for the Microwave Oven market. This report covers all information on the Global as well as regional markets including old and future trends for market demand, supply, size, competitors, prices and Global predominant vendors' information. the report also provides a complete overview of Microwave Oven markets; including key players, types, manufacturing segment, cost, fluid market shares, and market dynamics in 2019.

4. Asia Pacific (APAC) is also experiencing significant growth in the global microwave oven market, owing to the growing population and awareness regarding the benefits of microwave ovens. Leading global companies are taking cognizance of the region’s potential and strengthening their presence in Asia Pacific. For instance, in November 2016, Haier, a consumer electronics and home appliances company, launched 2 new smart cooking microwave ovens with the model numbers HIL2810EGCF and HIL2001 CSPH in India. Some of the prominent players in the microwave oven market are LG Electronics (South Korea), Samsung Electronics (South Korea), Alto-Shaam Inc. (U.S.), AB Electrolux (Sweden), Sharp Corporation (Japan), Hoover Limited (U.S.), Illinois Tool Works Inc. (U.S.), Galanz Enterprise Group (China), Whirlpool Corporation (U.S.), and Panasonic Corporation (Japan).

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