Global Market for Residential Induction Hobs: 2020-2027 Assessment and Outlook - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Residential Induction Hobs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Residential Induction Hobs Market to Reach US$648.3 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Residential Induction Hobs estimated at US$470.2 Million in the year 2020, is projected to reach a revised size of US$648.3 Million by 2027, growing at a CAGR of 4.7% over the period 2020-2027.

Built-in Induction Hobs, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$378.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Portable Induction Hobs segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 44.3% share of the global Residential Induction Hobs market.

The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.3% CAGR for the Period of 2020-2027

The Residential Induction Hobs market in the U. S. is estimated at US$127.4 Million in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$133.1 Million in the year 2027 trailing a CAGR of 7.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$133.1 Million by the year 2027.

The publisher brings years of research experience to this 6th edition of the report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

• Electrolux AB
• Groupe SEB
• Haier Group
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Middleby Corporation
• Midea Group Co. Ltd.
• Panasonic Corporation
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• SMEG S. p.A.
• Summit Appliance
• Whirlpool Corporation

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Residential Induction Hobs Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/hdq9yk