Project Report For Pressure Cookers
Introduction
Project report for Pressure Cookers is as follows.
Pressure cooking is the method of cooking food in a sealed vessel known as a pressure cooker in which steam is generated by the addition of water and a specified amount of steam pressure is allowed to accumulate. Steam pressure cooking saves time and energy because it cooks food faster and better than traditional techniques. After use, the steam pressure is gradually released by vents, safe release valves, and other mechanisms, allowing the vessel to be safely opened.
Aluminum and stainless steel sheets in the requisite thicknesses are the primary materials. Pressure valves/whistles, safety valves, rivets/fasteners, gaskets, and Bakelite handles are examples of purchased items. Surface treatment and polishing consumables are examples of additional materials.
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The key crucial components that assure quality are the fabrication of aluminium pressure cooker pieces such as pans or bodies and lids. The steps are as follows:
• Inspection and quality control / testing of metal sheets.
• Hydraulic punching press circle cutting as per pan and lid measurements. Pressing is also used to create containers and metal divider plates.
• Multistage deep drawing of circles in pan and lid to design tolerances. Each component is checked for quality.
• Shearing or nibbling, followed by slotting or machining, to construct the final body and lid profile and get a perfect locking profile. The samples are then stamped, polished, or anodized before being drawn for final product pressure testing.
Market Potential Of Pressure Cookers
The global pressure cooker market was worth USD 4.47 billion in 2020. The market is expected to grow at a 7.2% CAGR from USD 4.57 billion in 2021 to USD 7.44 billion in 2028.
Expenses
Product Cost Breakup
Reveneue Vs Expenses
Market Trend
The pressure cooker was the first kitchen equipment that allowed for quick and easy cooking of food while conserving energy. In terms of time and energy savings, as well as other aspects of cooking and food quality, the pressure cooker has become an essential/must-have piece of equipment.
In terms of value, the domestic pressure cooker sector is worth Rs 13 billion. The organized segment accounts for 50% of the total market. while the SME sector continues to provide huge volumes TTK Prestige, Hawkins, United, Pigeon, Butterfly, and others are key players in the organized market. TTK is the market leader in Southern India, where it controls 80% of the market.
Cooker penetration is 80% in urban India and 25% in rural India, respectively. Unorganized businesses dominate a significant portion of the industry, accounting for around 50% of the pressure cooker section and 60% of the nonstick cookware segment. Outer-lid cookers dominate the market in Southern and Western India, whereas inner-lid cookers are popular in Northern and Eastern India. Price-wise, the unorganized sector sells cookers for 20% to 50% less than the organized sector.
Almost every home, restaurant, or hotel requires at least one cooker. Furthermore, this appliance has a limited life cycle and must be replaced every 6 to 7 years. As a result, the housing market is seeing both new and replacement demand.