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Household Induction Cooktops Market, by Product, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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    Report

  • 170 Pages
  • August 2021
  • Region: Global
  • Coherent Market Insights Pvt Ltd.
  • ID: 5417344
A household induction cooktop is an electronic appliance that uses an electromagnetic field for heating up a cooking pan. The increasing need for energy and time-saving cooking appliances and the shifting inclination towards modular kitchens is expected to augment the demand for household induction cooktops over the forecast period.



Market Dynamics


Growth in the urban population is expected to serve major growth opportunities in the household induction cook-tops market. Emerging economies such as India, Latin American countries, Brazil, China, etc., are experiencing rapid urbanization due to various economic factors such as rising disposable income in individuals and availability of innovative products in the market. Due to this, new players are penetrating (with advanced products at competitive prices) in the emerging markets of Asia-Pacific region such as China, South Korea, India, etc. All these factors are projected to propel the market growth over the forecast period.

Adoption of induction cooktops owing to their convenience, and enhanced aesthetic appeal is driving their demand across the globe. Also, low carbon emission by induction cooktops as compared to conventional gas cooktops has facilitated market growth in the last few years. Moreover, the ability of induction cooktops to quickly control and change the temperature and heat for precision cooking is triggering its demand among food enthusiasts.

Household induction cook-tops require special magnetic cookware that is costlier than conventional plastic or porcelain cookware. Thus, the high cost of household induction cook-tops due to the need for ferromagnetic material cookware is expected to restrict their adoption to some extent in developing regions like Africa, thereby hindering the market growth.

Key features of the study:

  • This report provides in-depth analysis of global household induction cooktops market size (US$ Million and Mn Units), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global household induction cooktops market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group, LG Electronics, Panasonic Corporation, Philips Electronics, Videocon Industries Limited, Robert Bosch Gmbh, Fisher & Paykel Appliances Holdings Ltd., Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.), and Miele & Cie. Kg.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global household induction cooktops market report caters to various stakeholders in this industry including investors, suppliers, global household induction cooktops manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global household induction cooktops market

Detailed Segmentation:


Global Household Induction Cooktops Market, By Product:

  • Free-Standing (Portable) household induction cook-tops
  • Integrated (Built-in) household induction cook-tops

Global Household Induction Cooktops Market, By Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Company Profiles

  • AB Electrolux*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Daewoo Electronics Corporation
  • Whirlpool Corporation
  • Haier Group
  • LG Electronics
  • Panasonic Corporation
  • Philips Electronics
  • Videocon Industries Limited
  • Robert Bosch Gmbh
  • Fisher & Paykel Appliances Holdings Ltd.
  • Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
  • Miele & Cie. Kg.
“*” marked represents similar segmentation in other categories in the respective.
Frequently Asked Questions about the Household Induction Cooktops Market

What is the estimated value of the Household Induction Cooktops Market?

The Household Induction Cooktops Market was estimated to be valued at $10519.5 Million in 2019.

What is the growth rate of the Household Induction Cooktops Market?

The growth rate of the Household Induction Cooktops Market is 5.2%, with an estimated value of $15780.5 Million by 2027.

What is the forecasted size of the Household Induction Cooktops Market?

The Household Induction Cooktops Market is estimated to be worth $15780.5 Million by 2027.

Who are the key companies in the Household Induction Cooktops Market?

Key companies in the Household Induction Cooktops Market include AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group, LG Electronics, Panasonic Corporation, Philips Electronics, Videocon Industries Limited and Fisher & Paykel Appliances Holdings Ltd..

Table of Contents

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snippet, By Product
  • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Supply Side Drivers
  • Demand Side Drivers
  • Economic Drivers
  • Restraints
  • Market Opportunities
  • Regulatory Scenario
  • Industry Trend
  • PEST Analysis
  • PORTER’s Analysis
  • New Product Approvals/Launch
  • Promotion and Marketing Initiatives

4. Global Household Induction Cooktops Market - Impact of Coronavirus (Covid-19) Pandemic
  • Overview
  • Factors Affecting Global Household Induction Cooktops Market - COVID-19
  • Impact Analysis

5. Global Household Induction Cooktops Market, By Product, 2017 - 2027 (US$ Mn and Mn Units)
  • Introduction
  • Market Share Analysis, 2017 and 2027 (%)
  • Y-o-Y Growth Analysis, 2020 - 2027
  • Segment Trends
  • Free-Standing (Portable) household induction cook-tops
  • Market Share Analysis, 2017 and 2027 (%)
  • Y-o-Y Growth Analysis, 2020 - 2027
  • Integrated (Built-in) household induction cook-tops
  • Market Share Analysis, 2017 and 2027 (%)
  • Y-o-Y Growth Analysis, 2020 - 2027

6. Global Household Induction Cooktops Market, By Region, 2017- 2027 (US$ Mn and Mn Units)
  • Introduction
  • Market Share Analysis, By Region, 2017 and 2027 (%)
  • Y-o-Y Growth Analysis, By Region, 2020 - 2027
  • North America
  • Market Size and Forecast, By Product, 2017- 2027 (US$ Mn and Mn Units)
  • Europe
  • Market Size and Forecast, By Product, 2017- 2027 (US$ Mn and Mn Units)
  • Asia Pacific
  • Market Size and Forecast, By Product, 2017- 2027 (US$ Mn and Mn Units)
  • Rest of the World
  • Market Size and Forecast, By Product, 2017- 2027 (US$ Mn and Mn Units)

7. Competitive Landscape
  • Market Share Analysis
  • Company Profiles
  • AB Electrolux
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Daewoo Electronics Corporation
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Whirlpool Corporation
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Haier Group
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • LG Electronics
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Panasonic Corporation
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Philips Electronics
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Videocon Industries Limited
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Robert Bosch Gmbh
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Fisher & Paykel Appliances Holdings Ltd.
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Miele & Cie. Kg
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • References
  • Research Methodology
  • About us and Sales Contact

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AB Electrolux
  • Daewoo Electronics Corporation
  • Whirlpool Corporation
  • Haier Group
  • LG Electronics
  • Panasonic Corporation
  • Philips Electronics
  • Videocon Industries Limited
  • Robert Bosch Gmbh
  • Fisher & Paykel Appliances Holdings Ltd.
  • Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.)
  • Miele & Cie. Kg.