Consumer Goods / Induction Cooktops Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Whirlpool Corporation (NYSE :WHR)., LG Electronics Inc. (KSE:066570.KS)
Induction Cooktops Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Whirlpool Corporation (NYSE :WHR)., LG Electronics Inc. (KSE:066570.KS)
Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report asserts the global Induction Cooktops Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.7% during the review period (2022 to 2027).
Induction Cooktops Market Overview:
Safety concerns are being raised all over regarding handling cooking appliances. Induction cooktops imply the generation of an electromagnetic field and transferring of 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 its toes in the upcoming period.
Recent Development:
Whirlpool Of India Launches W Series Range Of Premium Quattro (4 Door) Refrigerators
October 14, 2021: Whirlpool of India presents the revolutionary W Series range of Premium 4 Door refrigerators. Designed for discerning Indians, the W series is an amalgamation of cutting-edge technology, superior design and premium aesthetics. Its large 665L storage space combined with the Quattro (4-Door) format is crafted for convenience and provides ample space for your refrigeration needs.
What are the major Applications, Types, and Regions of the Induction Cooktops Market?
By Type, it is segmented into
Built-in
Free-standing
Others
By Applications, it is segmented into
Household
Commercial
Others
Induction Cooktops Market Regional Analysis
From a regional perspective, Europe is estimated to represent 29.7% of the market volume share in 2018. The market in Europe is expected to increase at a volume CAGR of 5.7% over the forecast period. Sales revenue of Induction Cooktops in Europe is expected to reach US$ 424.3 Mn by the end of 2026 at a CAGR of 7.5% over the forecast period. Market growth in China and India is expected to remain high compared to the global average between 2018 & 2026 and at CAGR of 8.5% and 8.2% respectively.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Induction Cooktops market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Induction Cooktops market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Induction Cooktops positively.
Induction Cooktops Market Report Scope:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 7.5% during the review period (2022 to 2027).
By Type
Built-in
Free-standing
Others
By Application
Household
Commercial
Others
By Companies
Whirlpool Corporation (NYSE :WHR).,LG Electronics Inc. (KSE:066570.KS), Inc., Electrolux AB, TTK Group, Smeg S.p.A, Koninklijke Philips N.V., Robert Bosch GmbH
Regions Covered
• North America
• Europe
• Asia-Pacific
• Rest of the World
Countries Covered
• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
80
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Induction Cooktops Report
Evaluate Induction Cooktops market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and by different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom-made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Induction Cooktops Market is studied from 2017 - 2027.
Who are the key players in Induction Cooktops Market?
Whirlpool Corporation (NYSE :WHR).,LG Electronics Inc. (KSE:066570.KS), Inc., Electrolux AB, TTK Group, Smeg S.p.A, Koninklijke Philips N.V., Robert Bosch GmbH, Avis Rent a Car System, LLC, Panasonic Corp., Sub-Zero Group, Inc., Miele & Cie. KG. Others.
What are the significant types of Induction Cooktops Market?
Turntable, Rotary Arm, Robotic, Others.
What are the major end-use applications of the Induction Cooktops Market?
What segments are covered in the Induction Cooktops Market report?
The Global Induction Cooktops Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Induction Cooktops Market?
The sample report for the Induction Cooktops Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
