Induction Cooktops Market Size, Share & Trends Analysis Report By Product (Built-in, Free-standing), By Application (Household, Commercial), By Distribution Channel (Online, Specialty Stores) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global induction cooktops market size was valued at USD 18,667.8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028.
Induction cooking uses electric currents to directly heat pots and pans through magnetic induction. Instead of using thermal conduction (a gas or electric element transferring heat from a burner to a pot or pan), induction heats the cooking vessel itself almost instantly.
An increase in the number of residential and non-residential development projects, as well as a rise in the number of restaurants and eateries are some of the factors that have supported long-term expansion for Induction Cooktops Market.
Europe was the largest regional market in 2020 and accounted for a revenue share of over 35%. On the other hand, Asia Pacific is estimated to register the fastest CAGR from 2021 to 2028.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 8.5% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
Report Segmentation |
Product, application, distribution channel and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Whirlpool Corp.; LG Electronics, 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 |
Available Customization |
In addition to the market data for Induction Cooktops Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Induction Cooktops Market is segmented into product, application, distribution channel and region.