DUBLIN--(BUSINESS WIRE)--The "Global Electric Rice Cooker Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global electric rice cooker market is projected to grow at a CAGR of 7.24% from a market size of USD4,392.573 million in 2019 to achieve a market size of USD6,681.283 million by 2025.
The increasing shift of consumers to the adoption of energy-efficient cooking appliances is driving the market demand in the forecast period. The growing consumer electronics industry is further propagating the market demand in the forecast period. New product launches offering different types of electric cookers by the companies at the international level are propelling the market growth in the forecast period. The evolving living conditions of individuals globally is promoting the sales of smart kitchen appliances which include smart electric rice cooker, further burgeoning the market demand in the forecast period.
The growing adoption of energy-saving appliances is contributing to trimming household spending, further augmenting the market demand in the forecast period. The growing innovations in the electric rice cooker industry have led to the emergence of connected cooking appliances, such as Xiaomi WiFi-connected cooker, providing an opportunity for the market to grow in the forecast period. Also, the emergence of IoT technologies for cooking appliances is further providing an impetus in fueling the market growth where a smart kitchen appliance can be controlled through remote control, just like any other smart home gadget.
- Panasonic Corporation
- Toshiba Lifestyle Products & Services Corporation
- Zojirushi Corporation
- Bajaj Electricals Ltd
- Koninklijke Philips N.V.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Global Electric Rice Cooker Market Analysis, by Type
5.2. Standard Rice Cooker
5.3. Multifunction Rice Cooker
5.4. Induction Heat Rice Cooker
6. Global Electric Rice Cooker Market Analysis, by Capacity
7. Global Electric Rice Cooker Market Analysis, by End-User
8. Global Electric Rice Cooker Market Analysis, by Distribution Channel
9. Global Electric Rice Cooker Market Analysis, by Geography
9.2. North America
9.3. South America
9.5. Middle East and Africa
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ng3nbb