FELTON, California, Nov. 28, 2019 /PRNewswire/ -- 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.
Market Scope:
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.
Get Sample PDF and read more details about the "Induction Cooktops Market" Report 2025.
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.
Players:
The players contributing to the induction cooktops market include Panasonic Corporation, Miele, Sub-Zero Group, Inc., Robert Bosch GmbH, Smeg, TTK Group, Electrolux AB, LG Electronics Inc., and Whirlpool Corporation. Organic growth is being emphasized on. For instance - Robert Bosch GmbH recently launched "Bosch Induction Cooktops" that could be integrated with "Home Connect" app to notify customers on meals being ready. On the similar note, Electrolux AB, in Aug 2018, did launch "Electrolux SenseFry sensor-enabled induction hob" in Europe. The sensors, along with touchscreen technology, do help in maintaining temperature all across the cooking pots to enhance cooking experience.
Browse 80 page research report with TOC on "Global Induction Cooktops Market" at: https://www.millioninsights.com/industry-reports/induction-cooktops-market
Market Segment:
- Induction Cooktop Product Outlook (Revenue, USD Million, 2015 - 2025)
- Built-in
- Free-standing
- Induction Cooktop Application Outlook (Revenue, USD Million, 2015 - 2025)
- Household
- Commercial
- Induction Cooktop Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Hypermarkets & Supermarkets
- Specialty Stores
- Online
- Induction Cooktop Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Browse reports of similar category available with Million Insights:
- Rotary Hammer Drill Market
- Water Flosser Market
- Robotic Wheelchairs Market
- Hair Dryer Market
About Million Insights:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/
Blog: https://millioninsights.blogspot.com/
