DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Household Induction Cooktops Market by Type (Built-in and Free-standing & Portable), Mode of Sale (Retail and Online) and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022 )" report to their offering.
The global household induction cooktops market size is expected to reach $13,538 million by 2022, registering a CAGR of 5.8% during the forecast period.
Growth in acceptance of innovative cooking technologies, smart kitchen appliances and energy efficient solutions primarily drive the market. In addition, the health and safety benefits provided by the adoption of induction cooktops further supplements the market growth. Factors such as rise in disposable income of consumers and increase in price of fuels used for conventional cooking such as gas and electricity encourages the adoption of energy efficient cooking solutions, thus propelling the household induction cooktops industry growth.
However, need for specialized cookware is likely to hamper the market growth as the cost incurred in investing in induction supported cookware is high for the first time purchasers. Growth in popularity of modular kitchens and preference for optimized cooking solutions layout, rise in number of working women, and increase in government emphasis on energy efficient cooking appliances are expected to provide numerous growth opportunities for the global household induction cooktops market.
- Whirlpool Corporation
- Smeg S.P.A.
- Lg Electronics, Inc.
- Koninklijke Philips N.V.
- Ttk Prestige Ltd
- Electrolux Group
- Robert Bosch Gmbh
- Sub-Zero Group, Inc.
- Panasonic Corporation
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Household Induction Cooktops Market, By Product Type
Chapter 5 Household Induction Cooktops Market, By Mode Of Sale
Chapter 6 Household Induction Cooktops Market, By Geography
Chapter 7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/x9tkt4/household