Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.00 Billion | USD 24.49 Billion | 5.6% | 2024 |
FrequentlyAsked Questions
The global household induction cooktops market is expected to grow due to growing demand for energy-efficient cooking solutions, advancements in induction technology, increasing consumer preference for smart and convenient appliances, and rising awareness of safety and temperature control benefits.
According to a study, the global household induction cooktops market size was worth around USD 15.00 Billion in 2024 and is expected to reach USD 24.49 Billion by 2034.
The global household induction cooktops market is expected to grow at a CAGR of 5.6% during the forecast period.
Asia-Pacific is expected to dominate the household induction cooktops market over the forecast period.
Leading players in the global household induction cooktops market include TTK PRESTIGE LIMITED, SUB-ZERO GROUP Inc., PANASONIC CORPORATION, LG ELECTRONICS INC., WHIRLPOOL CORPORATION, MIELE GROUP, ELECTROLUX GROUP, SMEG S.P.A, ROBERT BOSCH GMBH, KONINKLIJKE PHILIPS N.V., among others.
The report explores crucial aspects of the household induction cooktops market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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