Household Induction Cooktops Market - Global Industry Analysis

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Induction cooktops work on electricity and are used for cooking food in an effortless and efficient manner. Induction cooktops have a fast and instant response to change in temperature setting. Cook-tops are praised for their superior cooking performance and designs. The key factor responsible for the market growth is increasing demand for the household induction cooktops especially among working women’s. Rising fuel prices are also responsible for increased use of induction cooktops among consumers which is expected to propel the household induction cooktops market over the forecast period. The induction cooktops market is anticipated to be driven by the growing modern lifestyle of the people. Induction cook-tops market will gain prominent growth due to increasing awareness among consumers about the smart kitchen appliances.

The household induction cooktops market will witness an extensive growth in the coming years. The household induction cooktops market is categorized on the factors such as type, size, and distribution channel. Based on the type, the household induction cooktops are classified into free-standing cooktops and integrated cooktops. Based on the size, the global household induction cooktops market is categorized into large, medium, and small sized. By distribution channel, the market is fragmented into online stores, specialty stores, supermarkets, and others. The market growth is mainly driven by the growing use of cooktops among working women, rising awareness about consumer products, a growing number of smaller households across the world. Therefore, the household induction cooktops market may gain more value share in the coming years. 

By geography, the household induction cooktops market finds its market range in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America region is expected to be the fastest growing region owing to the facts such as adoption of new innovative smart kitchen products which contributes more value share and also fuels the growth of the global household induction cook-tops market in the coming years. The rapid development in the food and beverage industry in emerging economies such as China and India increases the household induction cooktops adoption in certain regions over the coming period. 

The report includes detailed profiles of key players operating in the global household induction cooktops market such as Daewoo Electronics Corporation, LG Electronics, Philips Electronics, AB Electrolux, Stoves Appliance Company, Panasonic Corporation, Whirlpool Corporation, Haier Group, Sub-Zero Wolf, Videocon Industries Limited, Robert Bosch GmBH, Miele & Cie. Kg, and Fisher & Paykel Appliances Holdings Ltd. The thorough description of players includes parameters such as key developments, company overview, business strategy, and financial overview of the company.