QYResearch: The USA market size for Electric Pressure Cooker reached 76.25 M USD in 2016 from 75.40 M USD in 2012

Analyst: Carol (Jia Li)       

Company: QYResearch

Electric Pressure Cooker, Compared with traditional pressure cooker, electric pressure cookers (invented in 1991) includes an electric heat source that is automatically regulated to maintain the operating pressure with a stand-out feature of convenient digital timing technology. 

1. The large downstream demand for Electric Pressure Cooker has been and still remains fairly stable. The USA market size for Electric Pressure Cooker reached 76.25 M USD in 2016 from 75.40 M USD in 2012.

2. Northeast ranks the top in terms of market size of Electric Pressure Cooker within USA, it consists of 41.32% of the national market in 2016. West comes the second, with 29.34% of the USA market. Midwest, South and Other parts of USA together consists of 29.34% of the USA Electric Pressure Cooker market in the same year. 

3. Instant Pot ranks the first in terms of revenue share in USA market of Electric Pressure Cooker, occupies 25.05% of the USA market share in 2016; While, Maxi-Matic, with a market share of 7.52%, comes the second; All the other manufacturers which are not included in the report together consist of approximately 21.80% of the USA market in 2016.

4. In the next five years, the global consumption of Electric Pressure Cooker will show upward tendency further, market size is expected to be about 90.92 M USD by 2022, the CAGR from 2016 to 2022 will be approximately 2.55%. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand, together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future.   

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