Electric Pressure Cooker Market Projected To Witness Swift Growth In 2026

Dec 22, 2020: In this report, the large downstream demand for Electric Pressure Cooker has been and still remains fairly stable. The USA market size for Electric Pressure Cooker reached 76.25 M USD in 2016 from 75.40 M USD in 2012. In the next five years, the global consumption of Electric Pressure Cooker will show upward tendency further, market size is expected to be about 90.92 M USD by 2022, the CAGR from 2016 to 2022 will be approximately 2.55%.

This report studies the Electric Pressure Cooker market. Compared with traditional pressure cooker (invented in 1679), electric pressure cookers (invented in 1991) includes an electric heat source that is automatically regulated to maintain the operating pressure with a stand-out feature of convenient digital timing technology.

The classification of Electric Pressure Cooker includes Mechanical Timer Type and Digital /Programming Type, and the revenue proportion of Digital /Programming Type in 2016 was about 72%.

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Electric Pressure Cooker can be used for Commercial, Residential and others. The most proportion of Electric Pressure Cooker was Residential, and the sales proportion was about 58% in 2016.

According to the size, it can be divided into three kinds, Above 8 Quart, 6-8 Quart and Below 6 Quart. 6-8 Quart are the main product, capturing nearly 62% of global Electric Pressure Cooker in 2016.

Northeast ranked the top in terms of market size of Electric Pressure Cooker within USA, it consisted of 41.32% of the national market in 2016. West came the second, with 29.34% of the USA market. Midwest, South and Other parts of USA together consisted of 29.34% of the USA Electric Pressure Cooker market in the same year.

Instant Pot ranked the first in terms of revenue share in USA market of Electric Pressure Cooker, occupied more than 25% of the USA market share in 2016; While, Maxi-Matic, with a market share of about 8%, came the second; All the other manufacturers which are not included in the report together consisted of approximately 22% of the USA market in 2016.

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This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering

·         Fagor

·         Panasonic

·         Maxi-Matic

·         Midea

·         Instant Pot

·         Breville

·         Gourmia

·         Tayama

·         Power Pressure Cooker

·         Presto

·         Cosori

On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into

·         Mechanical Timer Type

·         Digital /Programming Type

By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into

·         Commercial

·         Residential

·         Others

By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like

·         China

·         USA

·         Europe

·         Japan

·         Korea

·         India

·         Southeast Asia

·         South America

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