Induction Hob Market is Expected to Reach at a CAGR of 9% by the end of 2032 | FMI

The global induction hob market is expected to garner a market value of US$ 19 Million in 2022 and is expected to record a CAGR of 9% during the forecast period from 2022 to 2032. The market is likely to secure around US$ 44 Million by 2032.

Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

The team of researchers at Future Market Insights are focussing on research and market study to produce different Induction Hob Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Induction Hob Market.

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Key Players

Global Induction Hob Market key vendors include :

  • Toshiba
  • Haier
  • Gree Electric Appliances
  • SMEG
  • Whirlpool
  • Mitsubishi Electric
  • Daikin Industries


The Induction Hob market is segmented into application, form, end use industry, source and geography.

On the basis of types, the global Induction Hob Market has been segmented as –

  • Free standing & portable cooktops
  • Built-in cooktops

On the basis of application, the global Induction Hob Market has been segmented as –

  • Household
  • Commercial

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On the basis of the distribution channel, the global Induction Hob Market has been segmented as –

  • Direct
  • Indirect
    • Hypermarket/Supermarket
    • Specialty Stores
    • Independent Stores
    • Online Store
    • Others

Regional Segments Analyzed Include

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

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  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources