According to a new report, published by KBV research, The Global Household Induction Cooktops Market size is expected to reach $21.1 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 28,747.5 thousand units, experiencing a growth of 7.4% (2019-2022).
The Built-In segment is registering the maximum revenue in the Global Household Induction Cooktops Market, By Type in 2022; thereby, achieving a market value of $12.9 billion by 2030. Built-in induction cooktops contribute to the aesthetic appeal of modern kitchens. Their flush installation into countertops creates a seamless and streamlined look, enhancing the kitchen's overall design. Built-in induction cooktops optimize kitchen space by eliminating the need for a freestanding range or cooktop.
The Online segment is experiencing a CAGR of 9.2% during (2023 - 2030). Online shopping offers unparalleled convenience. Consumers can browse, compare, and purchase induction cooktops from the comfort of their homes. The 24/7 availability of online platforms allows users to shop at their convenience, eliminating the need to visit physical stores during set business hours. Online platforms provide detailed product information, specifications, and customer reviews, empowering consumers with the knowledge to make informed decisions.
The Europe region is generating the highest revenue in the Global Household Induction Cooktops Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.8 billion by 2030. The North America region is anticipated to grow at a CAGR of 6.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/household-induction-cooktops-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Whirlpool Corporation, LG Corporation, Panasonic Holdings Corporation, Sub-Zero Group, Inc., Haier Smart Home Co., Ltd. (Haier Group Corporation), Koninklijke Philips N.V., Robert Bosch GmbH, SMEG S.p.A., AB Electrolux, and Miele & Cie. KG.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
