LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global commercial microwave ovens market predicts a CAGR of above 4% during the period 2018-2022.
The report segments the global commercial microwave ovens market by products, including light-duty commercial microwave ovens, medium-duty commercial microwave ovens, and heavy-duty commercial microwave ovens, and by geography, including the Americas, EMEA, and APAC. It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global commercial microwave ovens market, according to Technavio food and beverage researchers:
- Growing demand for energy-efficient cooking process: a major market driver
- Increase in use of commercial microwave ovens with automatic timers: emerging market trend
- The Americas dominated the global commercial microwave ovens market with 40% share in 2017
- In 2017, commercial heavy-duty microwave ovens held the highest market share of 42%
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Growing demand for energy-efficient cooking process: a major market driver
In commercial kitchens, a commercial microwave oven is one of the efficient cooking equipment. No pre-heating is required in commercial microwave ovens, and they can quickly heat food products that need to be cooked. This helps in providing cost benefits to end-users and helps in saving energy.
Quick heating with commercial microwave ovens ensures fast food delivery. The microwave radiation technology is implemented in commercial microwave ovens to provide quick heating of food products when compared with food heating with other FSE available in the global market. The commercial microwave ovens market is expected to display significant growth during the forecast period.
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Increase in use of commercial microwave ovens with automatic timers: emerging market trend
Consistent temperature and accurate cooking time are essential during the process of cooking. This is compelling the manufacturers of commercial microwave ovens to provide their equipment with automatic timers that can ensure that food products are cooked for the exact required time.
According to a senior analyst at Technavio for research on food service, “The cooking time required varies with the type of food being prepared. Overcooking of food products will spoil the flavor and texture of the food, and at the same time, it can lead to energy losses in a commercial kitchen. This may hinder the profitability of foodservice establishments. The timer function provides an acoustic signal when the time entered elapses.”
Global market opportunities
In terms of regional dominance, the Americas led the global commercial microwave ovens market, followed by EMEA and APAC in 2017. In the Americas, the foodservice establishments have been increasingly deploying energy-efficient foodservice options. This is driving market growth in the region during the forecast period.
In EMEA, commercial microwave ovens offer cost benefits such as reduced operating costs, which proves to a key factor leading to market growth in this region during the forecast period. In APAC, the ability of the appliance to heat food quickly helps foodservice establishments in quick food serving. This helps the foodservice establishments in catering to numerous orders in less time.
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