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Table of Contents
Commercial Electric Cooking Equipment Sales Market is expected to grow at a CAGR of 4.6% between 2024 and 2030. Changing lifestyle and growing influence toward outside food, restaurants and hotels have been gaining popularity among consumers. Commercial cooking equipment refers to appliances with electric or gas heating sources that are used in commercial kitchens. Commercial electric cooking equipment comes in many varieties and applications to meet the different needs of hotels and restaurants.
Commercial electric cooking equipment are more energy-efficient than traditional gas cooking equipment. They transferred over 80%heat for cooking as compared to traditional gas cooking. Working environment of commercial electric cooking is silent, with less cooking fumes and does not generate excess heat at high temperature to surroundings. Electric cooking equipment can retain the food taste, and allows higher flexibility for chefs to create new dishes in fulfilling customer’s need. Commercial electric cooking equipment are cost saving as they requires a standard ventilation system while reducing noise level.
Most of the metro Politian Cities across the globe have thousands of restaurants which already adopted electric cooking equipment to strengthen their competitiveness and stand out in the industry. There are number of restaurants and hotels based on service they provide to customers. Traditional or fine dining restaurants are included in full service restaurants while quick service restaurants include take away, fast food outlets, food trucks, bars & pubs, bakery, and cafeteria. Catering service include food services provided for events, such as business meetings, social gatherings, or functions at various locations such as hospital, school, and corporate office.
Geographically, Commercial Electric Cooking Equipment Sales Market is segmented into several areas- North America, Europe, China, Japan, Southeast Asia, India, Africa and Latin America. Global anesthesia monitoring devices market is dominated by Asia Pacific due to the increasing trends towards to outside food. China and India with Highest population and higher economic growth leading this market. Europe and North America is also expected to see a healthy growth during the forecast period.
Commercial Electric Cooking Equipment Sales Market: Product Type
Commercial Electric Cooking Equipment Sales Market: End Users/Application Analysis
Commercial Electric Cooking Equipment Sales Market : Companies Covered
Geographical analysis of Commercial Electric Cooking Equipment Sales Market:
Global Commercial Electric Cooking Equipment Sales Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 11561.64 million |
Forecast Value (2031) |
USD 15839.49 million |
CAGR (2025-2030) |
4.6 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Commercial Electric Cooking Equipment Sales Market was valued at around USD 11561.64 million in 2023 & estimated to reach USD 15839.49 million by 2030.
Commercial Electric Cooking Equipment Sales Market is likely to grow at Compound Annual Growth Rate (CAGR) of 4.6% between 2024 to 2030.
Commercial Electric Cooking Equipment Sales Market is dominated by the Commercial Electric Hotplate segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Commercial Electric Cooking Equipment Sales Market are ITW, Manitowoc, Siemens, Middleby, Alto-Shaam, Electrolux, Fujimak, Midea, Pochee, Rational, Elecpro, Duke, Thermador, KingBetter.
Primary driving factors for the growth of the Commercial Electric Cooking Equipment Sales Market include Highest population and higher economic growth in the Asia-Pacific region.
Yes, the report includes COVID 19 impact on the market.
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