Induction Cooktops Market Dynamics - Exploring Growth,
Opportunities and Technological Advances Up to 2030

Induction Cooktops Market research
report by Delvens focuses on primary sections such as – market segments, market
outlook, competitive landscape, and company profiles. The segments provide
details in terms of various perspectives such as end-use industry, product or
service type, and any other relevant segmentation as per the market’s current
scenario which includes various aspects to perform further marketing activity, the
global induction cooktops market size was valued at USD 18,667.8 million in
2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% to
2030.

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Induction cooking uses electric currents to directly heat
pots and pans through magnetic induction. Instead of using thermal conduction
(a gas or electric element transferring heat from a burner to a pot or pan),
induction heats the cooking vessel itself almost instantly.

An increase in the number of residential and non-residential
development projects, as well as a rise in the number of restaurants and
eateries are some of the factors that have supported long-term expansion for
Induction Cooktops Market.

Regional Analysis

Europe was the largest regional market in 2020 and accounted
for a revenue share of over 35%. On the other hand, Asia Pacific is estimated
to register the fastest CAGR to 2028.

Recent Developments

November 2021 on,
Miele will be using just under 24 tonnes of low-carbon steel per month in the
production of 60 cm ovens. The CO2 emissions generated in manufacturing this
material are reduced by more than 66 % by harnessing climate-friendly energy
sources and reusing scrap steel.

In introducing this change, Miele is making an initial
contribution to further reducing emissions from purchased goods and services
(Scope 3.1) and taking an important step towards achieving its ambitious
sustainability targets. This 'green steel' will be used to produce a cover
plate for cookers and ovens, all of which are produced at Miele's Oelde plant.

Key Players of Induction Cooktops Market

·       
Whirlpool Corp.

·       
LG Electronics, Inc.

·       
Electrolux AB

·       
TTK Group

·       
Smeg S.p.A.

·       
Koninklijke Philips N.V.

·       
Robert Bosch GmbH

·       
Avis Rent a Car System, LLC

·       
Panasonic Corp.

·       
Sub-Zero Group, Inc.

·       
Miele & Cie. KG and More

The Report helps to
identify the opportunities in Global Regions:

·       
North America (the United States, Canada, and
Mexico)

·       
Europe (Germany, UK, France, Italy, Russia,
Turkey, etc.)

·       
Asia-Pacific (China, Japan, Korea, India,
Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and
Vietnam))

·       
South America (Brazil etc.)

·       
The Middle East and Africa (North Africa and GCC
Countries)

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In addition to the
market data for Induction Cooktops Market, Delvens offers client-centric report
and customized according to the company’s specific demand and requirement.

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