Apr 18, 2023   SOURCE: BusinessWire

Global Cooking Hood Market to 2030: Performance that Exceeds Expectations Helps Drive Demand for Wall-Mounted Cooking Hoods - ResearchAndMarkets.com

The "Cooking Hood Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.

The global market for cooking hoods is predicted to expand at a CAGR of 4.5% during the forecast period of 2022 to 2030.

Companies Mentioned

  • Asko Appliances
  • Broan Inc.
  • BSH Home Appliances Corporation
  • Elica S.p.A.
  • Faber S.p.A.
  • Falmec S.p.A.
  • Miele Inc.
  • Panasonic Corporation
  • Samsung Electronics
  • Whirlpool Corporation

It is anticipated that the primary elements driving market expansion would be technological advances in conjunction with an increase in the utilization of IoT in kitchen hood devices.

As a result of the preference of customers for products that include intelligent characteristics, such as noise reduction, wireless connectivity, and the installation of temperature, optic, and infrared sensors, manufacturers are placing a greater emphasis on the development of novel equipment.

The Food Service Industry is Expanding, and More Restaurants Are Opening in Demand for Cooking Hoods

The global market for cooking hoods is being driven by factors such as an increase in the number of cloud-based kitchens and service restaurants as well as an expansion in the food service industry. After cooking, the air quality in the kitchen can be significantly improved with the use of a kitchen hood.

The gadget draws in contaminated air or air that is not wanted and then expels it into the surrounding environment. Customers are spending more money on modular kitchens because they are well-organized space-saving choices that maximize the use of the floor in a compact area.

Customers are spending more money on modular kitchens because of these benefits. When moisture from the air is absorbed by hood ventilation or a kitchen exhaust fan in the kitchen, this might lead to cracks in the ceiling and walls. As a consequence of this, the demand for cooking hoods is continuously increasing all over the world.

Rapid Increase in the Utilization of State-of-the-Art Technology in Cooking Hoods

Those who make cooking hoods are making investments in the creation of new products as well as research and development efforts that are relevant to this sector. This can be attributed to the presence of restrictions on hydraulic efficiencies, such as those concerning cooker hoods and ventilation systems, as well as controls regarding fuel combustion pollution that are operation-related. Consumers in developing economies typically make investments in ventilation solutions that are both cost-effective and efficient, such as domestic kitchen exhaust fans.

The size of the range hood market is anticipated to expand during the forecast period as a result of an increase in the use of IoT devices as well as a rise in the popularity of smart household kitchen appliances. There is a good chance that the market will be driven by the introduction of cooking hoods with novel shapes and sizes, as well as other features that provide improved use.

Performance That Exceeds Expectations Helps Drive Demand for Wall-Mounted Cooking Hoods

When broken down into its component parts, the wall-mounted cooking hood is the type of range hood that dominates the market for cooking hoods. Cooking hoods that are located on the wall are mounted directly on the wall of the kitchen and are positioned directly above the range. To properly capture smoke and pollutants, wall-mounted range hoods should be installed at a height of between 28 and 36 inches above the cooktop.

Market Segmentation

Product

  • Wall Mounted Hoods
  • Ceiling Mounted Hoods
  • Under Cabinet Type Hoods
  • Others (Down Draft, Integrated Cooker Hoods, etc.)

Suction Power

  • Less than 800 m3/h,
  • 800-1200 m3/h
  • More than 1200 m3/h

Decibel

  • Less than 40 Decibels
  • 40-60 Decibels
  • More than 60 Decibels

Application

  • Residential
  • Commercial

Distribution Channel

  • Online
  • Offline

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Cooking Hood market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Cooking Hood market?
  • Which is the largest regional market for Cooking Hood market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Cooking Hood market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Cooking Hood market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/oaw77r

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