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World Induction Hobs Market Share 2016 Global Industry Analysis, Size, Growth, Trends, and Forecast to 2020

Monday, October 17, 2016 22:02
% of readers think this story is Fact. Add your two cents. adds a new research report Global Induction Hobs Market 2016-2020. This 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.

The analysts forecast global induction hobs market to grow at a CAGR of 6.98% during the period 2016-2020.

Complete report available @

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.

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.

For More Information Inquire at

Key vendors

  • Bosch
  • Electrolux
  • Haier Electronics Group
  • LG Electronics
  • Panasonic
  • Whirlpool

Other prominent vendors

  • Arçelik
  • Gorenje
  • Gree Electric Appliances
  • Groupe SEB
  • Hisense Group
  • Kenmore
  • Middleby Corporation
  • Midea Group
  • Miele
  • Koninklijke Philips
  • 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

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