Top 15 Companies in the Microwave Oven Market & Report (2025–2035): Key Insights & Innovations

Description

According to a research report published by Spherical Insights & Consulting, The Global Microwave Oven Market Size is projected to Grow from USD 16.25 Billion in 2024 to USD 27.02 Billion by 2035, at a CAGR of 4.73% during the forecast period 2025–2035. The field is seeing a rise in technology advancements, including sensor cooking and convection microwave ovens. Additionally, the industry is expanding due to the widespread use of microwave ovens in cafeterias, convenience stores, and restaurants. The rise in popularity of frozen foods is changing the way individuals cook all across the world, which has an effect on how quickly microwave ovens and other quick cooking machines are widely used.

 

Introduction

The market for microwave ovens provides electrical devices that swiftly cook and refresh meals and other items by using electromagnetic radiation. The purpose of producing heat, these ovens emit microwaves, a type of electromagnetic radiation. The need for time-saving kitchen appliances is soaring in unison with women's increased rates of employment, which highlights the critical role microwave ovens play in contemporary kitchens. Heat is produced as the oven's microwave radiation interacts with the nourishment's water particles, causing them to vibrate. In addition to their speedy and useful features, microwaveable ovens have become a common kitchen appliance. Microwave oven demand is influenced by the expansion of the hospitality sector, the increase in catering orders for important events, conferences, and other social gatherings, as well as the rise in home and kitchen appliance adoption brought on by urbanization. The market for microwave ovens benefits from growing living standards, population growth, greater consumer awareness of different cooking appliances, higher kitchen appliance purchasing, and rising disposable income.

 

Navigate Future Markets with Confidence: Insights from Spherical Insights LLP

The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.

 

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Microwave Oven Market Size & Statistics

• The Market Size for Microwave Oven Was Estimated to be worth USD 16.25 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 4.73% between 2025 and 2035.
• The Global Microwave Oven Market Size is anticipated to reach USD 27.02 Billion by 2035.
• North America is anticipated to grow at the highest share during the forecast period in the microwave oven market.
• Asia Pacific is expected to grow the fastest over the forecast period in the microwave oven market.

Regional growth and demand                                   

Asia Pacific is expected to grow at the fastest CAGR during the forecast period in the microwave oven market.

The shift in lifestyle contributes to the demand for smaller, compact machinery, such as stoves, which are essential for effective and fast meal preparation. As countries developed, financial freedom has grown, particularly in nations like China and India. The Asia Pacific region is projected to experience a significant rise in demand for microwaves as more families gain sufficient income to purchase modern kitchen appliances.

 

North America is expected to generate the highest demand during the forecast period in the microwave oven market.

The microwave oven market has increased due to the rapid expansion of the food manufacturing and service sectors in North America and surrounding continents. The country's affluence, the standard of living of the younger generation, the growing popularity of modular kitchens, the growth of the restaurant industry, along with the local presence of major industry participants, etc. Moreover, the market growth is driven by increased disposable income and growing demand for modular kitchens. The USA microwave oven market is anticipated to grow at a rapid pace.

 

Top 10 Trends in the Microwave Oven Market

• Smart and Connected Microwave Ovens
• Multifunctional Cooking Features (Grill, Convection, Steam, Air Fry)
• Energy Efficiency and Inverter Technology
• Compact and Aesthetically Designed Models
• Growth of Online and E-commerce Sales Channels
• Rising Demand Due to Urbanization and Fast Lifestyles
• Expansion in Commercial and Industrial Use
• Integration of AI and Smart Diagnostics
• Government Regulations Promoting Energy-efficient Appliances
• Market Challenges: Price Sensitivity, Health Concerns, and Saturation

 

1. Smart and Connected Microwave Ovens

Smart microwaves are becoming a necessary part of kitchens that are equipped with technology. Manufacturers are successfully differentiating their products with adaptive solutions, health tracking integration, and predictive cooking as they make significant investments in R&D and partnerships.

 

2. Energy Efficiency and Inverter Technology

The market for microwave ovens is being transformed by energy efficiency and inverter technologies, which promote global sustainability initiatives while providing consumers with faster, safer, and more reliable cooking. With the development of smart controls and automation, inverter microwave ovens are a huge improvement for contemporary kitchens and foodservice facilities.

 

3. Growth of Online and E-commerce Sales Channels

For microwave ovens, e-commerce is quickly surpassing traditional retail channels, becoming the main driver of global market growth and customer accessibility.

 

4. Expansion in Commercial and Industrial Use

The efficiency and uniformity of operations are continuously being improved by technological developments, including programmable controls, ventless combo ovens, and AI-enabled diagnostics. Speed, dependability, and cost savings have made high-capacity, energy-efficient microwave ovens essential tools for commercial and industrial foodservice operations as they grow and change.

 

5. Integration of AI and Smart Diagnostics

The advent of AI and smart diagnostics is ushering in a new era for microwave ovens by making them highly connected, adaptive, and self-monitoring devices. These developments guarantee consumers and organizations around the world more convenience, better food quality, reduced operating expenses, and increased dependability.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Microwave Oven market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 15 Companies Leading the Microwave Oven Market

1. Alto-Shaam Inc.
2. Bajaj
3. Bosch
4. Breville
5. Candy
6. Electrolux AB
7. Frigidaire
8. GE Appliances
9. LG Electronics
10. Midea Group
11. Panasonic Corporation
12. Samsung Electronics
13. Sharp Corporation
14. Toshiba Corporation
15. Whirlpool Corporation

 

1. Bajaj

Headquarters: Maharashtra, India

For Indian homes, Bajaj microwave ovens come in a variety of models renowned for their usefulness, affordability, and easy-to-use features. Among the popular versions is the Bajaj 2005 ETB 20 Litres Grill Microwave Oven, which has a 20-liter capacity and is perfect for small families. It has nine built-in auto cook menus and features like grilling, warming, and defrosting. A versatile and secure option, it features an 800-watt microwave output, electronic controls, a 60-minute timer, and a child safety lock.
With a 700-watt power output and a design for basic cooking and heating needs, the Bajaj 1701 MT DLX 17 L Solo Microwave Oven is another popular model. With a variety of convenient payment options, including EMI plans through Bajaj Finserv, Bajaj microwaves are readily accessible both online and offline. Their products strike a compromise between cost and contemporary features, enabling a wide spectrum of Indian consumers to purchase microwave ovens.

 

2. Bosch

Headquarters: Baden-Württemberg, Germany

Bosch microwave ovens are made with modern technology and a sleek design to satisfy the demands of modern kitchens. Popular Bosch microwave models range in capacity from 21 to more than 50 liters and are available as freestanding or built-in units. The Intelligent Inverter Technology in these microwaves provides controlled microwave power for energy efficiency and uniform cooking. With pre-programmed cooking modes that encompass options including grilling, defrosting, reheating, and baking, many models enable users to prepare common foods with just one touch. The Bosch Series 6 Built-In Microwave Oven (BEL553MB0I) has a 25-liter capacity, a sleek stainless steel interior for effortless cleaning, energy-efficient LED lighting for unobstructed vision, and pop-out controls that improve maintenance and appearance. It has electronic controls, a child safety lock, and five power settings.

 

3. Breville

Headquarters: New South Wales, Australia

Breville microwave ovens, which integrate several cooking processes into a single, multipurpose device, are at the forefront of kitchen appliance innovation. The Breville Combi Wave 3-in-1, which combines the capabilities of an inverter microwave, convection oven, and air fryer into one device, is a notable model. This model has Breville's Element iQ® technology, which ensures optimal cooking performance by intelligently directing power where and when it's needed. This device provides convenience for a range of cooking methods with its 19 smart presets, which include Smart Cook, Smart Defrost, Smart Reheat, Air Fry, Oven, Grill, and more. The Fast Combi function of the Combi Wave cooks food more quickly than conventional ovens by combining convection, grilling, and microwave cooking. Even heat distribution is made possible by Power Smoothing InverterTM technology.

 

4. LG Electronics

Headquarters: Seoul, South Korea

LG Electronics provides a selection of cutting-edge microwave ovens that are intended to improve cooking health and convenience. The LG 32-liter Wi-Fi Enabled Charcoal Convection Microwave Oven is a standout model because it combines smart connectivity with a 360° motorized rotisserie to provide even, smokeless barbecue. LG's distinctive charcoal heater technology, which uses less oil and ensures even heat distribution, is featured in this model, making cooking healthier. A large selection of auto cook menus (more than 300), smart inverter technology for accurate cooking control, and specific settings for making pasteurized milk, ghee, and heart-healthy meals are among the other features.
Users can enable automated setting modifications for packaged items, which speeds up and simplifies meal preparation. Users can add flexibility and ease by using a mobile app to remotely control and monitor cooking when connected to Wi-Fi.

 

5. Panasonic Corporation

Headquarters: Osaka, Japan

Panasonic microwave ovens are well-known for their energy economy, sophisticated inverter technology, and a variety of cooking settings designed for contemporary kitchens. Microwave, grill, convection, and combination cooking modes are available on models like the 27L Convection Microwave Oven NN-CT645BFDG. These modes are supplemented by features like Magic Grill, Vapor Clean, and Auto Cook menus with more than 100 preset recipes. These ovens are perfect for baking, grilling, reheating, and defrosting since they manage the temperature precisely, provide even heating, and maintain the nutritional value of food. Along with their tiny sizes that allow them to fit snugly in smaller kitchen spaces, Panasonic microwaves have stainless steel chambers for longevity and ease of cleaning. Some models have practical features like auto-reheat and turbo defrost, as well as dedicated menus for Indian dishes, guaranteeing cultural flexibility.

 

Are you ready to discover more about the Microwave Oven market?

The report provides an in-depth analysis of the leading companies operating in the global microwave oven market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1. Alto-Shaam Inc.

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

1. Bajaj
2. Bosch
3. Breville
4. Candy
5. Electrolux AB
6. Frigidaire
7. GE Appliances
8. LG Electronics
9. Midea Group
10. Panasonic Corporation
11. Samsung Electronics
12. Sharp Corporation
13. Toshiba Corporation
14. Whirlpool Corporation

 

Conclusion

The global microwave oven market is expected to rise steadily, with a compound annual growth rate (CAGR) of 4.73% from 2025 to 2035, from USD 16.25 billion in 2024 to USD 27.02 billion by 2035. Rising demand for time-saving kitchen appliances, growing urbanization, and the global expansion of the foodservice industries are the main drivers of this rise. Although the Asia Pacific region is anticipated to develop at the fastest rate due to changing lifestyles and rising disposable incomes, North America currently holds the largest market share due to high adoption rates and a robust restaurant business. Businesses that put an emphasis on clever, energy-efficient, and multipurpose solutions will be in the best position to take advantage of market opportunities.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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