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Global Induction Hob Market Size study, by Type (Free Standing & Portable Cooktops, Built-in Cooktops), by Application (Commercial Induction Hobs, Household Induction Hobs), by Distribution Channel (Direct Induction Hob Sales, Indirect Induction Hob Sales) and Regional Forecasts 2022-2028

Global Induction Hob Market Size study, by Type (Free Standing & Portable Cooktops, Built-in Cooktops), by Application (Commercial Induction Hobs, Household Induction Hobs), by Distribution Channel (Direct Induction Hob Sales, Indirect Induction Hob Sales) and Regional Forecasts 2022-2028

Product Code: OIRCGS-85768255
Publish Date: 11-07-2022
Page: 200

Global Induction Hob Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Induction Hob is a hob that does not heat the hob ring; instead, they heat the pan directly. A magnetic field is activated and the base pan becomes heated when the induction hob is turned on. The circuit is complete and the base pan begins to heat up when the pan is placed on the stove. Induction cooking is quick and effective. The rising demand for environmentally friendly appliances and usage of less energy have led to the adoption of Induction Hobs across the forecast period. For Instance: as per Statista in 2022, Ovens, stoves, and microwaves are just a few examples of cooking equipment that are included in the main appliances category of the household appliances business. Over 80 to 90 percent of households globally own these kitchen appliances, which account for a considerable portion of industry revenue. Also, online sales of induction Hobs is growing quickly and is likely to increase the market growth during the forecast period. However, availability of more affordable alternatives to cooking utensils may impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Induction Hob market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the rising demand for environmentally friendly appliances and usage of less energy. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as online sales of induction Hobs is growing quickly would create lucrative growth prospects for the Induction Hob market across North American region.

Major market players included in this report are:
Daikin Industries
Dwyer Instruments
Airwell Group
LG Electronics
Lennox International
Johnson Controls
Siemens AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Free Standing & Portable Cooktops
Built-in Cooktops
By Application:
Corporate-Owned Induction Hob
Physician-Owned Induction Hob
Hospital-Owned Induction Hob
Other Induction Hob
By Distribution Channel:
Direct Induction Hob Sales
Indirect Induction Hob Sales
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Induction Hob Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Induction Hob Market, by Region, 2020-2028 (USD Billion)
1.2.2. Induction Hob Market, by Type, 2020-2028 (USD Billion)
1.2.3. Induction Hob Market, by Application, 2020-2028 (USD Billion)
1.2.4. Induction Hob Market, by Distribution Channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Induction Hob Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Induction Hob Market Dynamics
3.1. Induction Hob Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rising demand for environmentally friendly appliances Usage of less energy
3.1.2. Market Challenges Availability of more affordable alternatives to cooking utensils
3.1.3. Market Opportunities Online sales of induction Hobs is growing quickly
Chapter 4. Global Induction Hob Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Induction Hob Market, by Type
6.1. Market Snapshot
6.2. Global Induction Hob Market by Type, Performance – Potential Analysis
6.3. Global Induction Hob Market Estimates & Forecasts by Type, 2018-2028 (USD Billion)
6.4. Induction Hob Market, Sub Segment Analysis
6.4.1. Free Standing & Portable Cooktops
6.4.2. Built-in Cooktops
Chapter 7. Global Induction Hob Market, by Application
7.1. Market Snapshot
7.2. Global Induction Hob Market by Application, Performance – Potential Analysis
7.3. Global Induction Hob Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
7.4. Induction Hob Market, Sub Segment Analysis
7.4.1. Commercial Induction Hobs
7.4.2. Household Induction Hobs
Chapter 8. Global Induction Hob Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Induction Hob Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Induction Hob Market Estimates & Forecasts by Distribution Channel, 2018-2028 (USD Billion)
8.4. Induction Hob Market, Sub Segment Analysis
8.4.1. Direct Induction Hob Sales
8.4.2. Indirect Induction Hob Sales
Chapter 9. Global Induction Hob Market, Regional Analysis
9.1. Induction Hob Market, Regional Market Snapshot
9.2. North America Induction Hob Market
9.2.1. U.S. Induction Hob Market Type breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028 Distribution Channel breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Induction Hob Market
9.3. Europe Induction Hob Market Snapshot
9.3.1. U.K. Induction Hob Market
9.3.2. Germany Induction Hob Market
9.3.3. France Induction Hob Market
9.3.4. Spain Induction Hob Market
9.3.5. Italy Induction Hob Market
9.3.6. Rest of Europe Induction Hob Market
9.4. Asia-Pacific Induction Hob Market Snapshot
9.4.1. China Induction Hob Market
9.4.2. India Induction Hob Market
9.4.3. Japan Induction Hob Market
9.4.4. Australia Induction Hob Market
9.4.5. South Korea Induction Hob Market
9.4.6. Rest of Asia Pacific Induction Hob Market
9.5. Latin America Induction Hob Market Snapshot
9.5.1. Brazil Induction Hob Market
9.5.2. Mexico Induction Hob Market
9.6. Rest of The World Induction Hob Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Daikin Industries Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Dwyer Instruments
10.2.3. Ingersoll-Rand
10.2.4. Carrier
10.2.5. Airwell Group
10.2.6. LG Electronics
10.2.7. Lennox International
10.2.8. SHARP
10.2.9. Johnson Controls
10.2.10. Siemens AG
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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