Global Household Induction Cooktops Market Rides High on Changing Lifestyle in Emerging Economies

Published Date : May 14, 2018

ALBANY, New York, May 14, 2018 - A new market study, titled “Global Household Induction Cooktops Market Professional Survey Report 2018”, has been featured on The report presents an in-depth assessment of the global household induction cooktops market in the upcoming years. It does so via qualitative and quantitative insights, historic growth behavior, and verifiable market size projections. The report analyzes all the prevalent market trends that could have a bearing on the market’s growth in the near future. This includes demand drivers, restraints, opportunities, and technological advancements. The demand reports of household induction cooktops covers North America, Europe, China, Southeast Asia, Japan, and India for insights into growth of the global market.

The 114-page report is a creditable tool for its offerings. The report provides a holistic overview of the market using standard research methodology and validated assumptions. The report is compiled after an extensive primary and secondary research phase. Primary research phase involved reaching out to industry experts and opinion leaders for their input and validation of data. Analysts conducted interviews on an ongoing basis for data validation and endorsement.

Majorly fuelling the household induction cooktops market is changing lifestyle of urban population. In urban areas, several high-rise buildings prohibit use of gas cooktops with flame for fire hazards. Induction cooktops manufactured for household needs are safe to use and are ideal for small-sized apartments in urban areas.

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The household induction cooktops market is segregated in terms of product and application. By product, built-in and free-standing & portable are the segments into which the market is divided. In emerging economies, built-in cooktops witness demand from well-travelled customers who have experienced using induction cooktops for domestic use. Built-in household induction cooktops have the advantage of a clutter-free cooking space suitable for small-sized apartments in urban areas.

On the other hand free-standing & portable cooktops are mostly used by students and travelers. They are easy to carry and work on plug and use concept sans the need of any kind of installation. Portable cooktops witness extensive demand from students who live in hostels, apartments with common kitchen among a group of students. Portable cooktops also witness extensive demand from individuals who go on adventure travel for a few months. Portable cooktops are easy to carry and are suitable for outdoor use with the mere requirement of alternating current to power the device.

By application, home use and commercial are the segments into which the household induction cooktops market is segregated. Of the two, home use induction cooktops display a higher demand as they are widely used in urban areas. On the other hand, commercial application segment is anticipated to witness leading growth rate as they are increasingly used in commercial settings as they are free of fire hazard.

Key companies operating in the global household induction cooktops market are LG Electronics, Whirlpool Corporation, TTK Prestige Ltd., Philips, Miele Group, Midea , Galanz, Koninklijke Philips N.V., Sub-Zero Group Inc., Panasonic, and Bosch.

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