Stove and Hobs Market Will Generate Record Revenue by 2029

The global Stove and Hobs market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. The Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project collaborated with a local development finance institution and tapped into a network of local non-governmental organisations to manufacture and distribute 1.7 million improved cookStove, resulting in a 3 million metric tonne CO2 equivalent reduction in greenhouse gas emissions. As of September 2020, IDA financing of more than $100 million has been identified (either approved or in the queue) for projects to be co-financed with the Clean Cooking Fund.One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:

The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the uses of the restaurants, dining outdoor, street food vendors, and others. All this led to a decrease in the demand, and production activities in the Stove and Hobs market. It caused market players a resistance in their regular sales. However, after a while, the stoves and hobs market accelerated the market owing to the high application in the kitchen during the pandemic.

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Market Coverage

Market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Stove and Hobs Market Report Segment

By Product Type

Gas
Induction
By Base Material

Glass
Stainless Steel
By Burner

Two
Three
Four
Five
Six
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Stove and Hobs Market Report Segment by Region

North America

US
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East & Africa
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