Albany, NY -- (SBWIRE) -- 10/18/2016 -- Description

Global Induction Hobs Market 2016-2020

About Induction Hobs

Induction cooktops, also known as induction hobs, are more versatile and allow quick and controlled heating when compared with traditional gas cooktops. Induction cooktops utilize electrical induction technology. The appliance uses a magnetic field to move the molecules in utensils, thereby generating heat. While an induction hob heats the cookware, the glass top and the air surrounding the vessel do not get heated up. This feature makes an induction cooktop a safer and more energy-efficient option than a gas cooktop.

Technavios analysts forecast the Global Induction Hobs Market to grow at a CAGR of 6.98% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global induction hobs market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of induction hobs to both residential and commercial sectors.

The market is divided into the following segments based on geography:

Americas
APAC
Europe
MEA

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Technavio's report, Global Induction Hobs Market 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
Bosch
Electrolux
Haier Electronics Group
LG Electronics
Panasonic
Whirlpool

Other prominent vendors
Arelik
Gorenje
Gree Electric Appliances
Groupe SEB
Hisense Group
Kenmore
Middleby Corporation
Midea Group
Miele
Koninklijke Philips
SHARP
SMEG

Market driver
Home improvement, kitchen design, and styling projects encouraging purchase of built-in formats
For a full, detailed list, view our report

Market challenge
Competition from other cooking appliances like gas and electric cooktops
For a full, detailed list, view our report

Market trend
Government emphasis on energy-efficient appliances
For a full, detailed list, view our 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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