The global Induction Cooktops Market was worth $18.6 billion in the year 2018. It is anticipated to touch US$ 27.3 billion by 2025, with a CAGR of 5.7% over the forecast period. This could be attributed to increasing demand for energy efficient and time saving cooking appliances. Plus, the latest trend catching up is that of inclination toward modular kitchen; especially amongst the middle-class population in the emerging economies like India and China. This is expected to upscale the induction cooktops’ scope further.
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Market Synopsis of Induction Cooktops Market:
Safety concerns are being raised
all over regarding handling cooking appliances. Induction cooktops imply
generation of an electromagnetic field and transferring heat directly to metal
cookware comprising ferrous metals like iron and steel. The top surface of
induction cookware is usually made from proper heat resistant ceramic or glass.
As an outcome, the surface as a whole as well as the surroundings don’t get
heated at the cooking. Moreover, these cooktops have the tendency to shut off
automatically when cookware isn’t present on the top. Such products do render
safety and energy efficiency in comparison with traditional cooktops. All these
factors are likely to keep the induction cooktop market on toes in the upcoming
period.
Market Segmentation:
The induction cooktops market is
segmented based on product, application, distribution channel, and geography.
By product, the market spans free-standing and built-in. By application, it
constitutes commercial and household. By distribution channel, the induction
cooktops industry consists of specialty stores, online, and supermarkets &
supermarkets. By geography, the induction cooktop industry says North America,
Europe, Asia Pacific, LATAM & Central America, and MEA.
Regional Insights:
Europe leads the market; thanks
to growing adoption of smart kitchen appliances therein. Electronic hobs are in
great demand over here. The built-in hobs coupled with four cooking zones have
proven to be the most popular ones of late. Asia Pacific is expected to grow at
the fastest pace (8.3%) between 2019 and 2025. This could be due to opting for
modular kitchen in the economies like India and China.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Induction Cooktops:
Market Variables, Trends & Scope
Chapter 4 Induction Cooktops:
Product Estimates & Trend Analysis
Chapter 5 Induction Cooktops:
Application Estimates & Trend Analysis
Chapter 6 Induction Cooktops:
End-use Estimates & Trend Analysis
Chapter 7 Induction Cooktops:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Induction Cooktops:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Induction Cooktops:
Manufacturers Company Profiles
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