Electric High Speed Oven Market | Contrive Datum Insights

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 2022 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.

The electric high-speed oven market is a rapidly growing market due to the increasing demand for quick and convenient cooking solutions. Electric high-speed ovens use a combination of convection and microwave heating to cook food quickly and evenly. This makes them ideal for busy households and businesses that need to prepare food quickly.

The electric high-speed oven market is segmented by type, application, and region. By type, the market is segmented into convection ovens, microwave ovens, and combination ovens. Convection ovens are the most popular type of electric high-speed oven, as they are versatile and can be used to cook a variety of foods. Microwave ovens are less popular, but they are still a good option for cooking small items quickly. Combination ovens offer the best of both worlds, as they can be used to cook food using both convection and microwave heating.

The electric high-speed oven market is a growing market with a number of opportunities for both established players and new entrants. The market is expected to grow at a healthy pace in the coming years, driven by the increasing demand for quick and convenient cooking solutions.

• GE
• Sharp
• Electrolux
• Siemens
• Bosch
• Whirlpool (Jenn-Air)
• Merrychef
• Miele
• ACP Solutions
• Alto-Shaam
• TurboChef Technologies
• Viking Range
• MIT
• others.

Key Vendors:

• GE Profile: GE Profile electric high-speed ovens offer a variety of features, including Wi-Fi connectivity, a self-cleaning cycle, and a variety of cooking presets. The Wi-Fi connectivity allows you to control the oven from your smartphone or tablet, and the self-cleaning cycle makes it easy to clean the oven after use. The variety of cooking presets makes it easy to cook a variety of foods, and the sleek design looks great in any kitchen.

• Sharp: Sharp offers a variety of models at different price points, all of which feature a sleek design and a variety of cooking options. The sleek design makes the oven look great in any kitchen, and the variety of cooking options makes it easy to cook a variety of foods.

• Electrolux: Electrolux is a Swedish brand that is known for its high-quality appliances. Its electric high-speed ovens offer a variety of features, including a steam function and a pyrolytic self-cleaning cycle. The steam function makes it easy to cook healthy meals, and the pyrolytic self-cleaning cycle makes it easy to clean the oven after use.

• Siemens: Siemens is a German brand that offers a variety of features, including a sensor cooking system and a variety of pre-programmed cooking options. The sensor cooking system automatically adjusts the cooking time and temperature based on the food being cooked, and the variety of pre-programmed cooking options makes it easy to cook a variety of foods.

• Bosch: Bosch is a German brand that offers a variety of features, including a convection cooking system and a variety of pre-programmed cooking options. The convection cooking system evenly cooks food from all sides, and the variety of pre-programmed cooking options makes it easy to cook a variety of foods.

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

Build-in high-speed ovens are larger and more versatile than countertop models, making them a good choice for busy households or professional kitchens. They offer a variety of cooking modes, presets, and timers, and can be used to cook a wide variety of foods. Build-in high-speed ovens typically require professional installation, which can add to the cost.

Countertop high-speed ovens are smaller and less expensive than build-in models, making them a good choice for small households or those on a budget. They offer fewer features than build-in models, but are still capable of cooking a variety of foods quickly and easily. Countertop high-speed ovens can be installed by the user, which makes them a more affordable option.

On the Basis of Application:

• Commercial Appliances
• Home Appliances

Commercial appliances and home appliances are designed for different purposes. Commercial appliances are designed for high-volume use in restaurants, hotels, and other businesses. They are typically larger, more durable, and have more features than home appliances. However, they are also more expensive and less energy efficient.

Home appliances are designed for everyday use in homes. They are typically smaller, less durable, and have fewer features than commercial appliances. However, they are also less expensive and more energy efficient.

By Sales Channel

• Hypermarket/Supermarket
• Specialty Stores
• Online Channels

On the Basis of Region:

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

Significant Market Dynamics:

Market Dynamics

The electric high-speed oven market is driven by the following factors:

• Increasing demand from commercial and residential applications: Electric high-speed ovens are gaining popularity in both commercial and residential applications. In commercial applications, electric high-speed ovens are used in restaurants, hotels, and other foodservice establishments to cook food quickly and efficiently. In residential applications, electric high-speed ovens are used to cook food for personal consumption.
• Growing popularity of food delivery services: The growing popularity of food delivery services is also driving the growth of the electric high-speed oven market. Food delivery services require restaurants to cook food quickly and efficiently in order to meet customer demand. Electric high-speed ovens can help restaurants to meet this demand by cooking food quickly and evenly.
• Rising awareness about the benefits of using electric high-speed ovens: There is a growing awareness about the benefits of using electric high-speed ovens. Electric high-speed ovens offer a number of benefits, such as:
  • Quick cooking time: Electric high-speed ovens can cook food quickly, which can save time and energy.
  • Even cooking: Electric high-speed ovens can cook food evenly, which results in food that is cooked through and moist.
  • Versatility: Electric high-speed ovens can be used to cook a variety of foods, such as meats, poultry, seafood, vegetables, and baked goods.
  • Convenience: Electric high-speed ovens are easy to use and clean.

Market Restraints

The electric high-speed oven market is restrained by the following factors:

• High initial investment: Electric high-speed ovens are more expensive than traditional ovens. This high initial investment can be a barrier for some businesses and consumers.
• High cost of maintenance: Electric high-speed ovens require regular maintenance, which can add to the cost of ownership.
• Limited availability of skilled technicians: There is a limited availability of skilled technicians who can repair and maintain electric high-speed ovens. This can make it difficult to find someone to repair or maintain an electric high-speed oven if it breaks down.
• Competition from other cooking appliances: Electric high-speed ovens face competition from other cooking appliances, such as microwave ovens and convection ovens. Microwave ovens are less expensive than electric high-speed ovens and can cook food quickly. Convection ovens are more affordable than electric high-speed ovens and can cook food evenly.

Market Trends

The electric high-speed oven market is expected to witness the following trends:

• Increasing adoption of smart ovens: Smart ovens are ovens that are connected to the internet and can be controlled remotely. These ovens offer a number of benefits, such as the ability to preheat the oven before you arrive home, check the status of the oven, and receive notifications when the food is done cooking.
• Growing demand for energy-efficient ovens: Consumers are becoming more and more aware of the importance of energy efficiency. As a result, there is a growing demand for energy-efficient ovens. Electric high-speed ovens are more energy-efficient than traditional ovens, which makes them a more attractive option for consumers.
• Development of new technologies: There are a number of new technologies that are being developed for electric high-speed ovens.

Market Opportunities

The electric high-speed oven market offers a number of opportunities for businesses and consumers. These opportunities include:

• The opportunity to provide consumers with a faster, more convenient, and more energy-efficient way to cook food.
• The opportunity to develop new technologies that can improve the performance and functionality of electric high-speed ovens.
• The opportunity to expand into new markets, such as developing countries.

Drivers

• Increasing demand for electric high-speed ovens from commercial and residential applications: Electric high-speed ovens are gaining popularity in both commercial and residential applications. In commercial applications, electric high-speed ovens are used in restaurants, hotels, and other foodservice establishments to cook food quickly and efficiently. In residential applications, electric high-speed ovens are used to cook food for personal consumption.
• Growing popularity of food delivery services: The growing popularity of food delivery services is also driving the growth of the electric high-speed oven market. Food delivery services require restaurants to cook food quickly and efficiently in order to meet customer demand. Electric high-speed ovens can help restaurants to meet this demand by cooking food quickly and evenly.
• Rising awareness about the benefits of using electric high-speed ovens: There is a growing awareness about the benefits of using electric high-speed ovens. Electric high-speed ovens offer a number of benefits, such as:
  • Quick cooking time: Electric high-speed ovens can cook food quickly, which can save time and energy.
  • Even cooking: Electric high-speed ovens can cook food evenly, which results in food that is cooked through and moist.
  • Versatility: Electric high-speed ovens can be used to cook a variety of foods, such as meats, poultry, seafood, vegetables, and baked goods.
  • Convenience: Electric high-speed ovens are easy to use and clean.

Challenges

• High initial investment: Electric high-speed ovens are more expensive than traditional ovens. This high initial investment can be a barrier for some businesses and consumers.
• High cost of maintenance: Electric high-speed ovens require regular maintenance, which can add to the cost of ownership.
• Limited availability of skilled technicians: There is a limited availability of skilled technicians who can repair and maintain electric high-speed ovens. This can make it difficult to find someone to repair or maintain an electric high-speed oven if it breaks down.
• Competition from other cooking appliances: Electric high-speed ovens face competition from other cooking appliances, such as microwave ovens and convection ovens. Microwave ovens are less expensive than electric high-speed ovens and can cook food quickly. Convection ovens are more affordable than electric high-speed ovens and can cook food evenly.

Scope of Reports:

Conclusion:
                 The electric high-speed oven market is expected to grow at a significant rate during the forecast period. The growth of this market will be driven by the increasing demand for electric high-speed ovens from commercial and residential applications, the growing popularity of food delivery services, and the rising awareness about the benefits of using electric high-speed ovens. However, the market is also expected to face some challenges, such as high initial investment, high cost of maintenance, limited availability of skilled technicians, and competition from other cooking appliances.

The electric high-speed oven market is a growing and evolving market. The key players in this market are constantly innovating and developing new products and technologies to meet the needs of consumers. As a result, the electric high-speed oven market is expected to remain a dynamic and competitive market in the coming years.