India Microwave Oven Market Size & Outlook, 2023-2030
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India microwave oven market highlights
- The India microwave oven market generated a revenue of USD 326.6 million in 2023 and is expected to reach USD 522.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, grill was the largest revenue generating product in 2023.
- Grill is the most lucrative product segment registering the fastest growth during the forecast period.
Microwave oven market data book summary
| Market revenue in 2023 | USD 326.6 million |
| Market revenue in 2030 | USD 522.0 million |
| Growth rate | 6.9% (CAGR from 2024 to 2030) |
| Largest segment | Grill |
| Fastest growing segment | Grill |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Convection, Grill, Solo |
| Key market players worldwide | Alto-Shaam, Amazon.com Inc, BRANDT, Breville Group Ltd, BSH, Electrolux AB ADR, GE Appliances, Illinois Tool Works Inc, LG Electronics Inc ADR, Midea Group, Miele, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Sharp Corp, Smeg, Toshiba Corporation, Whirlpool Corp |
Other key industry trends
- In terms of revenue, India accounted for 2.5% of the global microwave oven market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microwave oven market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 522.0 million by 2030.
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Microwave Oven Market Scope
Microwave Oven Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE Appliances | View profile | 10001+ | Louisville, Kentucky, United States, North America | http://www.geappliances.com/ |
| Alto-Shaam | View profile | 101-250 | Menomonee Falls, Wisconsin, United States, North America | https://www.alto-shaam.com |
| Midea Group | View profile | 10001+ | Beijiao, Guangdong, China, Asia | https://midea-group.com |
| BRANDT | View profile | 501-1000 | Springfield, Illinois, United States, North America | http://brandt.co |
| BSH | View profile | 10001+ | Munich, Bayern, Germany, Europe | http://www.bsh-group.com/ |
| Miele | View profile | 10001+ | Gütersloh, Nordrhein-Westfalen, Germany, Europe | http://www.miele.com |
| Smeg | View profile | 251-500 | Guastalla, Emilia-Romagna, Italy, Europe | https://www.smeg.com/ |
| Sharp Corp | View profile | 46200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | https://www.sharp.co.jp |
| Breville Group Ltd | View profile | 452 | 170-180 Bourke Road, Ground Floor, Suite 2, Alexandria, Sydney, NSW, Australia, 2015 | https://www.brevillegroup.com.au |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Illinois Tool Works Inc | View profile | 45000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | https://www.itw.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
India microwave oven market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microwave oven market will help companies and investors design strategic landscapes.
Grill was the largest segment with a revenue share of 38.82% in 2023. Horizon Databook has segmented the India microwave oven market based on convection, grill, solo covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of microwave oven market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India microwave oven market , including forecasts for subscribers. This country databook contains high-level insights into India microwave oven market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India microwave oven market size, by product, 2018-2030 (US$M)
India Microwave Oven Market Outlook Share, 2023 & 2030 (US$M)
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