Induction Cooktop Market in India 2016-2020

  • ID: 3802109
  • Report
  • Region: India
  • 56 pages
  • TechNavio
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FEATURED COMPANIES

  • AB Electrolux
  • Dongbu Daewoo Electronics
  • Haier Electronics
  • Kenwood
  • Panasonic
  • Stovekraft
  • MORE
About Induction Cooktop

thereby generating heat. While the cookware gets heated, the glass top and the air surrounding the vessel does not. This makes an induction cooktop a safer and more energy-efficient option compared to a gas cooktop. Induction cooktops, also known as induction hobs, are more versatile and allow quick and controlled heating when compared to traditional gas cooktops. The induction cooktop market in India is expected to grow at a CAGR of 9.87% during the forecast period.

The analysts forecast the induction cooktop market in India to grow at a CAGR of 6.83% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the induction cooktop market in India for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of induction cooktops.

The market is divided into the following segments based on geography:
- East India
- North India
- South India
- West India

The report, Induction Cooktop Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Bajaj Electricals
- Inalsa
- Philips India
- Stovekraft
- TTK Prestige

Other prominent vendors
- AB Electrolux
- BSH Bosch und Siemens Hausgeräte
- Crompton Greaves
- Dongbu Daewoo Electronics
- Fisher & Paykel
- Glen Appliances
- Haier Electronics
- Jaipan Industries
- Kenwood
- Khaitan Electricals
- Miele
- Panasonic
- Smeg
- Sunflame Enterprises
- Usha International
- Videocon Industries
- Whirlpool

Market drivers
- Growing urbanization and safety aspects resulting in increased adoption
- For a full, detailed list, view the full report

Market challenges
- Extra expenses for induction cooktop-specific utensils
- For a full, detailed list, view the full report

Market trends
- Growth in the modular kitchen market
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • AB Electrolux
  • Dongbu Daewoo Electronics
  • Haier Electronics
  • Kenwood
  • Panasonic
  • Stovekraft
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Country overview
  • Economic indicator
  • Population in India
  • GDP in India
PART 06: Market landscape
  • Market overview
  • Global household cooking appliances market
  • Global induction cooktop market
  • Induction cooktop market in India
  • Five forces analysis
PART 07: Market segmentation by distribution channel
  • Induction cooktop market in India by distribution channel
PART 08: Market segmentation by product
  • Induction cooktop market in India by product type
PART 09: Geographical segmentation
  • Induction cooktop market in India by geography
PART 10: Market drivers
  • Growing urbanization and safety aspects resulting in increased adoption
  • Rising prices of LPG
  • High efficiency of induction cooktops over gas cooktops
PART 11: Impact of drivers

PART 12: Market challenges
  • Competition from gas cooktops and microwave ovens
  • Extra expenses for induction cooktop-specific utensils
  • Risk of health issues associated with the use of induction cooktops
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Focus on introduction of improved quality products with added features
  • Increase in sales through the online channel
  • Growth in the modular kitchen market
PART 15: Vendor landscape
  • Competitive scenario
PART 16: Key vendor analysis
  • Bajaj Electricals
  • Inalsa
  • Philips India
  • Stovekraft
  • TTK Prestige
  • Other prominent vendors
PART 17: Appendix
  • List of abbreviations
PART 18: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Number of households in India 2014-2019 (millions)
Exhibit 03: Urbanization in India
Exhibit 04: Population in India 2010-2014 (billions)
Exhibit 05: GDP at market price 2010-2014 ($ trillions)
Exhibit 06: Household cooking and appliances market: Overview
Exhibit 07: Household cooking appliances market by product types
Exhibit 08: Global induction cooktop overview 2015
Exhibit 09: Global induction cooktop market 2015-2020 ($ billions)
Exhibit 10: Share of induction cooktop market in India in global induction cooktop market 2015 (%)
Exhibit 11: Induction cooktop market in India 2015-2020 ($ millions)
Exhibit 12: Five forces analysis
Exhibit 13: Market segmentation by distribution channel
Exhibit 14: Induction cooktop market in India by distributional channel 2015 (%)
Exhibit 15: Analysis of different retail formats based on key parameters
Exhibit 16: Induction cooktop market in India by product type 2015 (%)
Exhibit 17: Induction cooktop market in India by geography 2015 (%)
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Key players in the induction cooktop market in India
Exhibit 21: Key vendors: Benchmarking on product offerings
Exhibit 22: Bajaj Electricals: Business segmentation by revenue 2014
Exhibit 23: Inalsa: Geographic segmentation by number of distributors
Exhibit 24: TTK Prestige: Product segmentation by revenue 2014
Exhibit 25: Kitchen electric appliances turnover ($ millions)
Exhibit 26: TTK Prestige: Geographical segmentation by revenue 2014
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FEATURED COMPANIES

  • AB Electrolux
  • Dongbu Daewoo Electronics
  • Haier Electronics
  • Kenwood
  • Panasonic
  • Stovekraft
  • MORE
New Report Released: – Induction Cooktop Market in India 2016-2020

The author of the report recognizes the following companies as the key players in the induction cooktop market in India: Bajaj Electricals, Inalsa, Philips India, Stovekraft, and TTK Prestige.

Other Prominent Vendors in the market are: AB Electrolux, BSH Bosch und Siemens Hausgeräte, Crompton Greaves, Dongbu Daewoo Electronics, Fisher & Paykel, Glen Appliances, Haier Electronics, Jaipan Industries, Kenwood, Khaitan Electricals, Miele, Panasonic, Smeg, Sunflame Enterprises, Usha International, Videocon Industries, and Whirlpool.

Commenting on the report, an analyst from the research team said: “One of the key trends for market growth will be focusing on introduction of improved quality products with added features. Product innovation is one of the key factors for the growth of all consumer goods, and therefore, manufacturers today are focused on introducing induction cooktops with advanced auto cook features, multiple hot surfaces, and more trendy designs. Continuous innovation in the design of induction cooktops has led to the development of advanced products that are eco-friendly and energy-efficient. It has also resulted in the development of induction cooktops with more burners, ones that are less noisy as well as have touchscreens.”

According to the report, one of the key drivers for market growth will be growing urbanization and safety. Growing urbanization and the launch of efficient products with greater safety features is resulting in increased adoption of induction cooktops in India. With growing urbanization, energy-efficient kitchen appliances that could help minimize utility bills and are relatively cost effective are gaining traction. On a similar note, induction cooktops in India are gaining popularity as they are cost-effective alternates to traditional LPG cylinders. In addition, induction cooktops are considered relatively safe due to the absence of open flames, a factor which has added to the adoption of the appliance by urban dwellers with small children at home. Over the coming years, the demand for induction cooktops, especially from the urban population, is expected to increase.

Further, the report states that one of the challenges for the market will be health issue risks associated with the use of induction cooktops. Induction cooktops use magnetic coils to heat cookware. These cooktops produce extremely low-frequency magnetic radiation, similar to microwave radio frequency, which passes through the base of the cookware. However, a small amount of the magnetic radiation is not absorbed, which may create a magnetic field close to the induction cooktop. This medium-frequency magnetic radiation can pass through the human body and induce electrical fields and currents. This could pose as a health hazard for people with electronic medical implants such as cardiac pacemakers or defibrillators. People are advised to avoid close proximity to induction cooktops. The risk of such health hazards could be a threat to the market over the coming years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Bajaj Electricals
- Inalsa
- Philips India
- Stovekraft
- TTK Prestige
- AB Electrolux
- BSH Bosch und Siemens Hausgeräte
- Crompton Greaves
- Dongbu Daewoo Electronics
- Fisher & Paykel
- Glen Appliances
- Haier Electronics
- Jaipan Industries
- Kenwood
- Khaitan Electricals
- Miele
- Panasonic
- Smeg
- Sunflame Enterprises
- Usha International
- Videocon Industries
- Whirlpool
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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