Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.63 Million | USD 16.53 Million | 5.5% | 2021 |
FrequentlyAsked Questions
The desire for household induction cooktops is strong among the metropolitan population, particularly in developing countries due to reasons such as a rise in the working population, improved infrastructure, and increased purchasing power. In addition to this, factors like the budding trend for modular kitchens and the growing fuel expenses for traditional gas cooktops, as well as the safety and comfort profits for consumers, are driving the household induction cooktops market.
According to the Zion Market Research report, the global household induction cooktops market was worth about 11.63 (USD million) in 2021 and is predicted to grow to around 16.53 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.5 percent.
Among the regions, Europe is predicted to rue the global household induction cooktops market during the forecast period. On the other hand, Asia Pacific is expected to be the fastest-growing region of the market, trailed by North America.
Some of the prominent players that are operating in the global household induction cooktops include TTK PRESTIGE LIMITED, SUB-ZERO GROUP, INC., PANASONIC CORPORATION, LG ELECTRONICS INC., WHIRLPOOL CORPORATION, MIELE GROUP, ELECTROLUX GROUP, SMEG S.P.A, ROBERT BOSCH GMBH, And KONINKLIJKE PHILIPS N.V., among others.
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