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    Electric Skillets Market Report

    Electric Skillets Market Report
    Report code - SR1921 Delivery - 2 Weeks
    Electric Skillets Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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    Market Insights

    The Electric Skillets Market is estimated to grow from USD XX million in 2020 to USD XX million by 2026 at a healthy CAGR of XX during the forecast period.

    Electric Skillets Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Region with the highest demand

    North America

    Key players

    Panasonic, Midea, NESCO, De longhi, Zojirushi Corporation, West Bend, Rival Company, WMF Group, Krampouz

     

    Figure: Electric Skillets Market Size, 2020-2026 (USD Million)

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    What is Electric Skillets?

    Unlike traditional stovetops, which can have hot spots and uneven heat, electric skillets maintain the temperature you set consistently. They are not only great for pan frying and sautéing, but the consistent heat also makes them ideal for deep frying doughnuts, chicken, potatoes, and fish in the skillet. Electric skillets are similar to regular pans, but they have an electric heating element built into the base. They typically include a detachable power cord that can be neatly stored away when not in use for safety reasons. Through conduction, the heating plate transfers this heat to the food being cooked on it.

    Covid-19 Impact Analysis

    The global impact of the COVID-19 pandemic on Electric Skillets materials supply chains, international trade, and manufacturing activities was enormous. The production of Electric Skillets decreased as a result of the COVID-19 pandemic, as market companies were forced to shut down production facilities or operate them at less than optimal capacity to prevent the spread of the coronavirus.

    Key Players

    Key players operating in the Electric Skillets Market are-

    • Panasonic
    • Midea
    • NESCO
    • De longhi
    • Zojirushi Corporation
    • West Bend
    • Rival Company
    • WMF Group
    • Krampouz

    Market Dynamics

    The market's growth can be attributed to rising demand for electric frying pans in both residential and commercial applications. Gas grills and barbecues are expected to see significant growth in the global market in the coming years due to their ease of use. Because they have a longer life than other products on the market, stainless steel electric skillets are currently growing at an impressive rate.

    Segments Analysis

    Application Trends

    Based on Application, the Electric Skillets market has been divided into Household, Commercial.  The Household accounted for the largest market share in 2020. The use of electric skillets in the home has grown rapidly over the years. They are used at home to fry, roast, and cook vegetables, among other things. The main advantage of skillets is that they save time and money because food does not need to be prepared separately for cooking. Making breakfast or lunch with skillets is also very simple, saving a lot of time from doing other household chores such as preparing separate dishes for making rotis, paranthas, French fries, and so on.

    Regional Trends

    By region, the North America market accounted for the dominated share in 2020 and is expected to grow at a significant CAGR during the review period. The United States, Canada, and Mexico are the leading countries in North America, with high rates of Electric Skillet adoption due to rising disposable income levels among consumers and advancements made by various manufacturers in this region that provide technologically advanced products at an affordable price range.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Electric Skillets market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the Electric Skillets market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on Electric Skillets market?
    • What are the key strategies adopted by the major vendors to lead in the Electric Skillets market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Electric Skillets Market includes-

    • Electric Skillets Vendors
    • Electric Skillets Manufacturers
    • Electric Skillets Distributors

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Electric Skillets Market is estimated to grow from USD XX million in 2020 to USD XX million by 2026 at a healthy CAGR of XX during the forecast period.

    Key players operating in the Electric Skillets Market are Panasonic, Midea, NESCO, De longhi, Zojirushi Corporation, West Bend, Rival Company, WMF Group, Krampouz.

    The target audience of Electric Skillets Market includes Electric Skillets Vendors, Electric Skillets Manufacturers, Electric Skillets Distributors.

    North America market accounted for the dominated share in 2020 and is expected to grow at a significant CAGR during the review period.