Allied Market Research published a new report, titled, ” Household Induction Cooktops Market ” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.Global household induction cooktops market size in 2015 was valued at $9,160 million growing at CAGR of 5.8% to reach $13,538 million by 2022.
Household induction cooktops market has witness increased adoption owing to factors such as use of electromagnetic energy to directly heat pots and pans.
Induction cooktops offer wide temperature range (80‐450°F) and different power level options to ensure precise temperature control.Get detailed COVID-19 impact analysis on the Household Induction Cooktops Market :- https://www.alliedmarketresearch.com/household-induction-cooktops-marketThe demand for household induction cooktops is high among the urban population especially in the developing nations, due to factors such as high purchasing power, better infrastructural facilities, and increase in working population.
Presently, induction cooktops are in high demand among working women and urban population, owing to ease of operations and benefits towards healthy cooking.The key players profiled in the global household induction cooktops market report include LG Electronics, Inc., Whirlpool Corporation, Panasonic Corporation, Koninklijke Philips N.V., TTK Prestige Ltd, Sub-Zero Group, Inc., Electrolux Group, Robert Bosch GmbH, Miele Group, and SMEG S.p.A. Panasonic Corporation holds the highest market share among other players operating in the global household induction cooktops industry.Top Impacting FactorsIncrease in health consciousness, technological advancements, rise in disposable income, energy-efficiency of the cooktop/ energy consumption, better safety features, need for specialized cookware, and adoption of smart household kitchen appliances majorly impact the global household induction cooktops market.
Along with these factors, the global market also depends on consumer awareness and performance of induction cook-tops.