The global Electric High-Speed Oven Market size was valued at USD 2.3 Billion in 2022, and is projected reach USD 3.6 Billion by 2030, and is registering a CAGR of 4.8% from 2021 to 2030.

Electric High-Speed Oven Market Overview:

Electric high-speed ovens can cook food faster than conventional ovens. These ovens can reduce food cooking time by 30% to 50%. The two main types of speed ovens are built-in speed ovens, which are built into the kitchen wall; and countertop speed ovens, which can be placed anywhere on the kitchen counter. Most high-speed electric ovens are used for commercial use, however, some smaller high-speed electric ovens are also available for residential use.

The advent of food delivery apps has led to greater exposure for hotels, restaurants, and cafes. Additionally, the fast delivery model of food aggregators has led to increased adoption of electric high-speed ovens by food businesses. In developing countries, where the hospitality and food industries are growing very rapidly, high-speed electric ovens have become essential to stay ahead of the competition and maintain a strict service model. Hence, there is a high demand for electric high-speed ovens in the food service industry.

Electric High-Speed Oven market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Electric High-Speed Oven market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global Electric High-Speed Oven market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Top Key Players include in the Electric High-Speed Oven Market are
GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT, and others.

Industry News:

• In 2021, Panasonic Corporation has launched a new line of electric high-speed ovens under the Croustina brand. The new oven is designed to quickly and conveniently cook a variety of foods including bread, pizza and grilled items.
• In 2020, Middleby Corporation, a US-based manufacturer of commercial foodservice equipment, acquired the electric high-speed oven division of TurboChef Technologies, Inc. This acquisition strengthens Middleby's position in the electric high-speed oven market and expands its product portfolio.
• In 2019, US-based commercial foodservice equipment manufacturer Alto-Shaam launched a new line of electric high-speed ovens under the Vector brand. The new oven is designed to deliver a combination of speed, quality and versatility of cooking.
• In 2018 Miele & Cie, a German-based manufacturer of home and commercial appliances. KG has launched a new line of electric high-speed ovens under the Dialog brand. The new oven uses electromagnetic waves to cook food quickly and evenly while preserving its natural taste and texture.

The Electric High-Speed Oven market research report is categorized based on type, applications and region.

On the Basis of Type:

• Build-in High-Speed Oven
• Countertop High-Speed Oven

On the Basis of Application:

• Commercial Appliances
• Home Appliances

By Sales Channel

• Hypermarket/Supermarket
• Specialty Stores
• Online Channels

On the Basis of Region:

Geographically, the global Electric High-Speed Oven market has been analyzed in various regions such as North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. The global Electric High-Speed Oven region is dominating this market in the upcoming future.

North America accounts for a large portion of the market and generates more than 40% of the market revenue. North America is followed by Europe and East Asia, which are expected to grow at a CAGR of over 6% during the forecast period.

Owing to higher safety and regulatory standards and higher demand for products in the region, the global market has tripled and reached a market value of USD 10.1 billion by the end of the evaluation period.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Electric High-Speed Oven Market report scope

Report Attributes	Details
Growth Rate	CAGR of 4.8% during the forecast period.
By Type	Build-in High Speed Oven, Counter top High Speed Oven
By Application	Commercial Appliances, Home Appliances
By Companies	GE, Sharp, Electrolux, Siemens, Bosch, Whirlpool (Jenn-Air), Merrychef, Miele, ACP Solutions, Alto-Shaam, TurboChef Technologies, Viking Range, MIT
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global Electric High-Speed Oven market?

Who are the key vendors of the global Electric High-Speed Oven market?

What are the leading key industries of the global Electric High-Speed Oven market?

Which factors are responsible for driving the global Electric High-Speed Oven market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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