Global Combi Ovens Market - High Demand for ENERGY STAR Certified Models to Boost Growth | Technavio
The global combi ovens market is expected to grow at a CAGR of close to 12% during the period 2018-2022, according to a new market research study by Technavio.
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Technavio has published a new market research report on the global combi ovens market 2018-2022 under their food and beverage library. (Graphic: Business Wire)
The report categorizes the global combi ovens market by source of steam (combi ovens with boiler and boiler-less combi ovens), source of heat (electricity-based combi ovens and gas-based combi ovens), and end-user (foodservice sector, institutional sector, retail sector, and others). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: growing demand for energy efficient combi ovens
Due to the intense competition in the foodservice industry and need for cost-savings to increase profit margins, end-users of combi ovens increasingly prefer energy-efficient models or ENERGY STAR certified models. These models provide high cooking energy efficiency when compared with non-ENERGY STAR models, thereby saving energy.
For high energy efficiency or ENERGY STAR certification, combi ovens that operate on gas need to have a cooking energy efficiency greater than or equal to 41% in steam mode and 56% in convection mode. Similarly, combi ovens that operate on electricity need to have a cooking energy efficiency greater than or equal to 55% in steam mode and 76% in convection mode. Thus, many combi oven manufacturers are offering various models that are highly energy efficient or ENERGY STAR certified to gain market share. The demand for such equipment is growing and influencing growth prospects.
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Market trend: increase in availability of combi ovens that offer high productivity
Vendors can offer combi ovens that have better productivity owing to the continuous research and development in such ovens. The increasing availability of such equipment is expected to drive demand prospects of combi ovens during the forecast period. For instance, Alto-Shaam model CTP6-10 COMBI OVEN uses technologies such as EcoSmart Technology and PROpower.
According to a senior analyst at Technavio for food service research, “EcoSmart Technology is designed specifically to use 80% less water than conventional cooking technologies. It is also 40% more energy efficient and has 60% more productivity when compared with other conventional cooking technologies.”
Market challenge: limitation of growth prospects due to corrosion
Combi ovens provide benefits of various cooking modes such as steam mode, convection mode, and the combination of both steam mode and convection mode. Steam in combi ovens is generated with the help of water. As the water quality is different in every region, the risk of corrosion in combi ovens increases. Corrosion can happen inside the cooking chamber due to the use of stainless steel, which is exposed to steam.
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Some of the companies in the market
- Alto-Shaam
- Electrolux
- Middleby Corporation
- MKN
- RATIONAL
- Welbilt
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180125005636/en/