The latest research report on Induction Cooktops Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Induction Cooktops Market is valued at USD 10952.8Million in 2018 and expected to reach USD 16578.0Million by 2025 with the CAGR of 6.1% over the forecast period.
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Induction cooktops are the electronic devices used for cooking purpose without the requirement of LPG gas. It consists of electrical circuit to power requirements in the 30 to 40 amp range. The induction cooktops provide fast cooking with sufficient heat, superb simmering as it uses magnetic currents to directly heat the pots. There are many advantages of induction cooktops such as high speed of cooking, energy efficient saves energy consumption, adjustable to achieve the desired temperature and safe to use even while cooking. Induction cooktop has the electromagnetic waves to heat the contents in the pan or pots with the use of the burner to remain less heat loss. The induction cooktops are increasingly used in the hotels, restaurants, commercial cooking spots, and events due to its faster cooking advantages.Growing demand with rapid adoption of advanced induction technology due to its attractive look as well as easy cleaning facility for the working-class population is supplementing the market growth.
The regions covered in global induction cooktops marketreport are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global induction cooktops market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players for Global Induction Cooktops Market Report–
Global induction cooktops market reports cover prominent players like Whirlpool Corporation, LG Electronics Inc.,TTK Group, Smeg, Koninklijke Philips N.V., Miele, Panasonic Corporation,Robert Bosch GmbH, Sub-Zero Group, Inc.,Electrolux AB and others.
Panasonic Introduced Groundbreaking New Induction Cooktop, which provides extraordinary commercial cooking performance with All Kinds of Metal Cookware.
February 9th, 2017;Panasonic commercial food service group launched new extraordinary inductioncooktops naming the Met-ALL KY-MK3500. It has state-of-the-art technology for commercial chefs specifically designed for commercial food service industry with portable induction cooktops. It is the culmination of latest advanced technology equipment which provides efficient cooking. Induction technology has flexibility, safety and control for chefs due to its resourceful heat distribution and precise temperature controls. Cooktops has been designed by advance engineering technology to provide a fast, responsive cooking experience for restaurants, caterers and other commercial purpose.
Global Induction Cooktops Market Dynamics–
The keygrowth factor ofthe global induction cooktops market is the growing demand of consumer electronics with advanced modular kitchen and smart cooking appliances as well as surge in the e-commerce &online marketing of home appliances.According to global online shoppers in 2017, the online home appliances shopping rose by 33% whereas in-store by 56% globally which include the advanced technology kitchen appliances compare to previous year.However,stringent regulations with respect to the manufacturing of the energy efficient home appliances and the high cost of raw materials used in product manufacturing as well as increasing energy prices may hamper the market growth.For example;in 2007, in the United States, the law sanctioned as “U.S. Energy Independence and Security Act” which is responsible for stricter energy standards equipments regarding residential home appliances. In France, companies that fail to comply with WEEE regulations, including criminal fines of up to Euro 450 per device and may be subject to others penalties.In spite of that,rising focus on manufacturing ofadvanced technologydevices usingmodular kitchen systems, sensors and controllers, advent of nanotechnology, IoT etc. for energy efficient home appliancesin the various industries can create huge opportunity for the further growth of the global induction cook tops market.
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Induction cooktopsMarket Regional Analysis–
Europe is expected to dominate the global induction cooktopsmarketdue to growing use of advanced home appliances, rising energy prices and surge in consumer spending, as well as manufacturing industry with the potential rate followed by North America. The European industry is a basic asset of the EU economy. The industry has improved technology dramatically which was accompanied by the lower prices of home appliances to consumers. According to the European Committee of Domestic Equipment Manufacturers, in Europe 50million large home appliances and 200 million small appliances are beingsold in average every year.
Key Benefits for Induction Cooktops Market Report–
Global induction cooktopsMarket report covers in depth historical and forecast analysis.
Global Induction cooktopsMarket research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global induction cooktopsMarket report helps to identify opportunities in market place.
Global induction cooktopsMarket report covers extensive analysis of emerging trends and competitive landscape.
Global Induction Cooktops Market Segmentation:–
Induction Cooktops Market: by Product Type
Induction Cooktops Market: by Applications
Induction Cooktops Market: by Distribution Channel
Induction Cooktops Market: by Regional & Country Analysis (North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Induction Cooktops Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Induction Cooktops Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Induction Cooktops Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Induction Cooktops Market Overview: Quantitative Analysis
4. Chapter – Global Induction Cooktops Market Analysis: Segmentation By Type
5. Chapter – Global Induction Cooktops Market Analysis: Segmentation By Application
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