Semiconductors & Electronics Industry Electric Rice Cooker Market Insights to 2024 | Page 3

Hexa Research

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Common sizes of rice cooker include 5.5 cups and 10 cups . Bowl quality includes aluminum and stainless steel bowl . Bowls of entry-level models are made up of aluminum . Aluminum heats quickly and unevenly . Stainless steel bowls are available in higher end models . Stainless steel provides a more even heat . Also , nearly all bowls have non-stick coating of varying quality . Cooking logic depends on the model of rice cookers . Higher end electric rice cookers have additional function other than cooking simple rice . These models presets for multiple varieties of rice , schedules cooking , have keep warm functionality and digital displays . On the basis of heating method , the rice cookers use simple-coiled electric heating and induction heating . Most rice cooker manufacturers use simple coiled electric heating element that leaves rice overcooked or burnt . Higher end manufacturers use induction heating that heats much more evenly and is far less likely to burn rice .
The Asia-Pacific region especially China dominates the market currently owing to the largest consumption of rice in the region . However , this trend is likely to decline owing to the significant declining level of rice consumption in the last four decades by most of the Asian countries such as Japan , South Korea , Hong Kong and Taiwan . In other developing nations including Indonesia , Vietnam and India per capita consumption has also started to decline but at a slower pace . The Middle-Eastern region is anticipated to dominate the market on account of rice consumption almost doubling in the recent years along with their disposable income .
Key players in this market are Toshiba Corporation , TTK Prestige Limited , Panasonic Inc ., Bajaj Electricals Ltd ., Pigeon Corporation , Zojirushi America Corporation , Black + Decker Inc ., Cusinart , Tiger Corporation , Sunbeam Products Inc . and Aroma Housewares Company . These companies are introducing new products for increasing their market share .
In January 2016 , Zojirushi America Corporation introduced enhanced rice cooker model NP-HCC10 that is induction heated .
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