Induction Cooktops Market Size, Share & Trends Analysis Report By Product (Built-in, Free-standing), By Application (Household, Commercial), By Distribution Channel (Online, Specialty Stores) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
The global induction cooktops market size was valued at USD 18,667.8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% to 2028.
Get Free Sample Report: https://www.delvens.com/get-free-sample/induction-cooktops-market
Induction cooking uses electric currents to directly heat pots and pans through magnetic induction. Instead of using thermal conduction (a gas or electric element transferring heat from a burner to a pot or pan), induction heats the cooking vessel itself almost instantly.
An increase in the number of residential and non-residential development projects, as well as a rise in the number of restaurants and eateries are some of the factors that have supported long-term expansion for Induction Cooktops Market.
Regional Analysis
Europe was the largest regional market in 2020 and accounted for a revenue share of over 35%. On the other hand, Asia Pacific is estimated to register the fastest CAGR to 2028.
Key Players of Induction Cooktops Market
· Whirlpool Corp.
· LG Electronics, Inc.
· Electrolux AB
· TTK Group
· Smeg S.p.A.
· Koninklijke Philips N.V.
· Robert Bosch GmbH
· Avis Rent a Car System, LLC
· Panasonic Corp.
· Sub-Zero Group, Inc.
· Miele & Cie. KG and More
Recent Developments
November 2021 on, Miele will be using just under 24 tonnes of low-carbon steel per month in the production of 60 cm ovens. The CO2 emissions generated in manufacturing this material are reduced by more than 66 % by harnessing climate-friendly energy sources and reusing scrap steel.
In introducing this change, Miele is making an initial contribution to further reducing emissions from purchased goods and services (Scope 3.1) and taking an important step towards achieving its ambitious sustainability targets. This 'green steel' will be used to produce a cover plate for cookers and ovens, all of which are produced at Miele's Oelde plant.
Access Full Report: https://www.delvens.com/report/induction-cooktops-market
In addition to the market data for Induction Cooktops Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
More Related Reports:
Aircraft Cabin Interiors market
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
