Press release
Induction Cooktops Market Competitive Growth Strategies Based on Type, Applications, End User and Region
Market OverviewIn this 21st century, mankind is blessed with multifarious advanced technologies for nearly everything which makes life simpler. Similarly, there are cooking appliances, which make cooking easy, convenient, and environment-friendly. Induction cooktops can be considered as one of the advanced technological innovations that work on electricity and is extremely safe to cook food effortlessly.
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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.
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
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Induction cooktops manufacturers are focusing on improved quality products development with additional new features to increase their market share in the global induction cooktops market. The introduction of induction cooktops with multiple hot surfaces and advanced auto cook features are gaining traction in the market.
Market 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
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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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