Electric Cooktops Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate by 2027|

Electric Cooktops Market 2021

The market size of Global Electrical Cooktops is expected to reach USD 2050.1 million by 2027. Electric cookers save a lot of energy compared to other traditional cooking utensils and offer advanced safety features such as automatic switching when there is no cooking vessel in the cooking areas. In addition, the materials used to make electric cooktops mainly include glass or ceramic, which is strong, durable, and easy to clean.

Rising natural electricity prices are driving demand for electric cooking facilities. For example, according to an EIA (Energy Information Administration) analysis, in the US the price of natural gas was US $ 3.55 / MBTU (Million British Thermal Units) in 2017, which was higher than US $ 2.51 / MBTU in 2016. it is also expected to increase in proportion to domestic electricity prices. In addition, 60% of heat is lost while using natural gas to heat the stove, and 30% of heat is lost when electric cookers are heated. Therefore, electric cooking facilities save more energy than conventional ones, which further enhances market growth. Key players such as Haier, LG Electronics, and Electrolux are adopting inorganic strategies such as merger and acquisitions and partnerships to gain a competitive edge in the electric cooktops market. For instance, in 2016, Haier acquired GE Appliance in order to expand its business in the U.S., which further strengthens its foothold in the global market.

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Major players working in the global Electric Cooktops Market Include : Bosch Home Appliances Group, Whirlpool Corporation, GE Appliance, Kenmore LLC, Haier, Inc., Thermador Corporation, Baumatic Ltd., LG Electronics, Asko Appliance, Sub-zero Group, Inc., and Summit Appliance.


Key Points for Geographical Analysis:

Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization


The report answers questions such as:

1. What is the market size and forecast of the Global Electric Cooktops Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Electric Cooktops Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Electric Cooktops Market?
4. What is the competitive window for opportunities in the Global Electric Cooktops Market?
5. What are the technical and regulatory trends in the Global Electric Cooktops Market?
6. What is the market share of the leading retailers in the Global Electric Cooktops Market?
7. What methods and strategies are considered appropriate to enter the Global Electric Cooktops Market?

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