Global Induction Hob Market Size study, by Type (Free Standing & Portable Cooktops, Built-in Cooktops), by Application (Commercial Induction Hobs, Household Induction Hobs), by Distribution Channel (Direct Induction Hob Sales, Indirect Induction Hob Sales

Global Induction Hob Market Size study, by Type (Free Standing & Portable Cooktops, Built-in Cooktops), by Application (Commercial Induction Hobs, Household Induction Hobs), by Distribution Channel (Direct Induction Hob Sales, Indirect Induction Hob Sales) and Regional Forecasts 2022-2028

Global Induction Hob Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Induction Hob is a hob that does not heat the hob ring; instead, they heat the pan directly. A magnetic field is activated and the base pan becomes heated when the induction hob is turned on. The circuit is complete and the base pan begins to heat up when the pan is placed on the stove. Induction cooking is quick and effective. The rising demand for environmentally friendly appliances and usage of less energy have led to the adoption of Induction Hobs across the forecast period. For Instance: as per Statista in 2022, Ovens, stoves, and microwaves are just a few examples of cooking equipment that are included in the main appliances category of the household appliances business. Over 80 to 90 percent of households globally own these kitchen appliances, which account for a considerable portion of industry revenue. Also, online sales of induction Hobs is growing quickly and is likely to increase the market growth during the forecast period. However, availability of more affordable alternatives to cooking utensils may impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Induction Hob market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the rising demand for environmentally friendly appliances and usage of less energy. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as online sales of induction Hobs is growing quickly would create lucrative growth prospects for the Induction Hob market across North American region.

Major market players included in this report are:
Daikin Industries
Dwyer Instruments
Ingersoll-Rand
Carrier
Airwell Group
LG Electronics
Lennox International
SHARP
Johnson Controls
Siemens AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Free Standing & Portable Cooktops
Built-in Cooktops
By Application:
Corporate-Owned Induction Hob
Physician-Owned Induction Hob
Hospital-Owned Induction Hob
Other Induction Hob
By Distribution Channel:
Direct Induction Hob Sales
Indirect Induction Hob Sales
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Induction Hob Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Daikin Industries
Dwyer Instruments
Ingersoll-Rand
Carrier
Airwell Group
LG Electronics
Lennox International
SHARP
Johnson Controls
Siemens AG

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