Microwave Ovens - Philippines

  • Philippines
  • In 2024, the revenue in the Microwave Ovens market in the Philippines amounted to ₱€45.39m.
  • It is projected that the market will experience an annual growth rate of 1.99% (CAGR 2024-2029).
  • When compared globally, in the United States generates the highest revenue in this segment, reaching ₱€1,834m in 2024.
  • In terms of per household revenue, the Microwave Ovens market generated ₱€1.97 in 2024, considering the total number of households.
  • Looking ahead, it is estimated that the volume in the Microwave Ovens market will reach 0.5m pieces units by 2029.
  • Additionally, there is an expected volume growth of 1.4% in 2025.
  • The average volume per household in the Microwave Ovens market is projected to be 0.02pieces units in 2024.
  • The demand for high-tech, energy-efficient microwave ovens is steadily increasing among urban households in the Philippines.

Key regions: Worldwide, Germany, India, United Kingdom, Japan

Marché
Région
Comparaison de régions
Monnaie

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: May 2024

Source: Statista Market Insights

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Most recent update: May 2024

Source: Statista Market Insights

Consumer

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Microwave Ovens: market data & analysis - Background Microwave Ovens: market data & analysis - Cover

Volume

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Most recent update: May 2024

Source: Statista Market Insights

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Most recent update: May 2024

Source: Statista Market Insights

Price

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Most recent update: May 2024

Source: Statista Market Insights

Sales Channels

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Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

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Most recent update: May 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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