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

“The Report Global Induction Hobs Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. –”




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.


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:







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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



Haier Electronics Group

LG Electronics




Other prominent vendors



Gree Electric Appliances

Groupe SEB

Hisense Group


Middleby Corporation

Midea Group


Koninklijke Philips




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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