Commercial Electric Cooking Equipment Sales Market to Exceed USD 12bn by 2025

Tuesday, March 13, 2018 5:34 AM UTC

NEW YORK, March 13, 2018 -- Global Commercial Electric Cooking Equipment Sales Market is valued at USD 8.8 Billion in 2017 and is expected to reach USD 12.6 Billion by the end of 2025, growing at a CAGR of 4.6% between 2017 and 2025. Changing lifestyle and growing influence toward outside food, restaurants and hotels have been gaining popularity among consumers. Commercial cooking equipment refers to appliances with electric or gas heating sources that are used in commercial kitchens. Commercial electric cooking equipment comes in many varieties and applications to meet the different needs of hotels and restaurants.

Commercial electric cooking equipment are more energy-efficient than traditional gas cooking equipment. They transferred over 80%heat for cooking as compared to traditional gas cooking. Working environment of commercial electric cooking is silent, with less cooking fumes and does not generate excess heat at high temperature to surroundings. Electric cooking equipment can retain the food taste, and allows higher flexibility for chefs to create new dishes in fulfilling customer’s need. Commercial electric cooking equipment are cost saving as they requires a standard ventilation system while reducing noise level.

Most of the metro Politian Cities across the globe have thousands of restaurants which already adopted electric cooking equipment to strengthen their competitiveness and stand out in the industry. There are number of restaurants and hotels based on service they provide to customers. Traditional or fine dining restaurants are included in full service restaurants while quick service restaurants include take away, fast food outlets, food trucks, bars & pubs, bakery, and cafeteria. Catering service include food services provided for events, such as business meetings, social gatherings, or functions at various locations such as hospital, school, and corporate office.

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Commercial Electric Cooking Equipment Sales Market: Companies Covered