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The global gas & electric pressure cooker market is projected to expand at a CAGR of 7% during the forecast period, 2021 u2013 2028. The growth of the market is attributed to growing preference of the product from working population.

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Gas

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  1. Gas & Electric Pressure Cooker Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast The global gas & electric pressure cooker market is projected to expand at a CAGR of 7% during the forecast period, 2021 – 2028. The growth of the market is attributed to growing preference of the product from working population. A pressure cooker is a sealed pot with a valve that controls the steam pressure inside. Once the pot is heated, the liquid inside forms steam, which raises the pressure in the pot. The gas pressure cooker is designed to be cost-effective and reliable. On the other hand, electric pressure cookers are connected directly to the electric system, they are safer than the gas models and also have timers and other cooking options for several food recipes. Request Sample link :- https://growthmarketreports.com/request-sample/276 Market Trends, Drivers, Restraints, and Opportunities   Growing awareness regarding the benefits is expected to drive the market growth. Increasing demand for hard anodized aluminum and ceramic coated products is anticipated to spur the market growth. Gas pressure cookers do not allow users to check on the progress during cooking. The meal can be over cooked or undercooked. Moreover, the sealing ring needs to be in proper condition to seal the cooker correctly and develop the enough pressure. Thus, such demerits are expected to restrain the market growth. Growing concerns of consumers regarding time and energy efficiency is expected to favor the adoption of the pressure cookers, which in turn, is expected to drive the market growth. Increasing disposable income and rising adoption of innovative products are expected to drive the market growth during the forecast period. Electric cookers are equipped with automatic switch-off button, which saves energy and gets turned off before the food gets burnt. These factors are anticipated to positively impact the market growth during the forecast period.    

  2. Market Segment Insights: Stainless steel segment anticipated to grow at a healthy rate. On the basis of materials, the market is segmented into stainless steel and aluminum. The stainless steel segment is anticipated to grow at a healthy rate during the forecast period. Stainless steel is a heavy duty material and is generally used in the manufacturing of gas & electric pressure cookers. It eliminates excessive heat absorption during the cooking process, which avoids uncontrolled burning of food. These factors are anticipated to drive the segment growth. The aluminum segment is expected to register a CAGR of 7.9% owing to the cost efficiency of the product. Aluminum is a light weight material that makes it favorable for industrial quacking. Moreover, its good conductor characteristics aids in fast cooking. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/276 Competitive Landscape Major players competing in the global gas & electric pressure cooker market include GROUPE SEB, Zwilling, Fissler, Koninklijke Philips N.V Panasonic Corporation, WMF Group, Zhejiang Supor Co., Ltd., Midea Group Co., Ltd., Joyoung Co., Ltd., and Qingdao Haier Co., Ltd. Manufacturers are focusing on product innovations and introduction of advanced technologies such as electric and highly emissive flame burners to cater the demand for nontoxic pressure cookers. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter

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