Global Induction Hobs Market Growth 2023-2029

Global Induction Hobs Market Growth 2023-2029

Induction hobs are cooking appliances that use electrical energy as a source of heat for the cooking process. An induction hob converts the electrical energy into a magnetic field on the surface of the cooktop.

LPI (LP Information)' newest research report, the “Induction Hobs Industry Forecast” looks at past sales and reviews total world Induction Hobs sales in 2022, providing a comprehensive analysis by region and market sector of projected Induction Hobs sales for 2023 through 2029. With Induction Hobs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Hobs industry.

This Insight Report provides a comprehensive analysis of the global Induction Hobs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Induction Hobs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Induction Hobs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction Hobs and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Induction Hobs.

The global Induction Hobs market size is projected to grow from US$ 11410 million in 2022 to US$ 15200 million in 2029; it is expected to grow at a CAGR of 15200 from 2023 to 2029.

United States market for Induction Hobs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Induction Hobs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Induction Hobs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Induction Hobs players cover Bosch, Electrolux, Haier Electronics, LG Electronics, Panasonic and Whirlpool, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Induction Hobs market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Built-in Induction Hobs
Freestanding/ Portable Induction Hobs

Segmentation by application
Hypermarkets and Supermarkets
Department Stores
Online Sales
Others (discount retailers, online)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Electrolux
Haier Electronics
LG Electronics
Panasonic
Whirlpool

Key Questions Addressed in this Report

What is the 10-year outlook for the global Induction Hobs market?

What factors are driving Induction Hobs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Induction Hobs market opportunities vary by end market size?

How does Induction Hobs break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.