Induction Cooktops Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2027

Induction cooktops, also known as induction hobs, use induction technology to generate an electromagnetic field and transfer heat directly to the bottom of the metal vessel that must be made of ferrous metals such as cast iron or steel. Since the cooking pan or vessel is heated by a magnetic field rather than heating the bottom of the cooking vessel with an electric heating element or flame, energy wastage by heating the surrounding air around the cooking vessel is very less and it makes the induction cooktop energy efficient. The cooking surface of induction cooktops is generally made from tough, heat-resistant ceramic or glass.

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Induction Cooktops: Market Dynamics
Rapid urbanization and rising awareness among consumers to opt for energy-efficient kitchen appliances with advanced safety features are the major driving factors for the induction cooktops market. In addition to that, induction cooktops are relatively safe than LPG cylinders because of the absence of open flames. Owing to the rising prices of conventional cooking fuel, people are choosing induction cooktops as an alternative option. Moreover, induction cooktops have become a part of lifestyle standards for healthy and safe cooking.

Induction Cooktops: Regional Outlook
In terms of geography, Europe holds a major market share in the global induction cooktops market. However, the Asia Pacific region is becoming a fast-growing region in the global induction cooktops market owing to rising disposable incomes and rapid urbanization that lead to an increase in sales of induction cooktops majorly in India and China.

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The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

By Segmentation:
Based on product type, the global induction cooktops market is segmented into the following:
• Free standing induction cooktops
• Integrated induction cooktops
Based on the size, the global induction cooktops market is segmented into the following:
• Small
• Medium
• Large
Based on the surface, the global induction cooktops market is segmented into the following:
• Flat surface
• Concave surface
Based on Power, the global induction cooktops market is segmented into the following:
• Less than 5 KW
• Between 5 KW- 10 KW
• More than 10 KW
Based on Distribution Channel, the global induction cooktops market is segmented into the following:
• Supermarkets
• Specialty Stores
• Online Stores
• Others
Based on application, the global induction cooktops market is segmented into the following:
• Household
• Commercial

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Induction Cooktops: Market Participants
Examples of some of the market participants identified across the value chain of the global induction cooktops market include:
• Avantco Equipment
• All users
• APW Wyott
• Eurodib
• Bajaj Electricals
• Inalsa
• Philips India
• Stovekraft
• TTK Prestige Ltd.
• Panasonic
• LG Electronics
• Haier Group
• Hatco
• Vollrath
• Waring
• Bon Chef
• Globe
• Cal-Mil

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.

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