Glass-ceramic Induction Cooktops Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 6.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global glass-ceramic induction cooktops market was valued at approximately USD 7.5 billion in 2022. The market is anticipated to grow at a compound annual growth rate (CAGR) of around 6.2% from 2023 to 2030. This growth is driven by increasing consumer preference for energy-efficient and modern kitchen appliances, coupled with rising urbanization and disposable income levels. The advancement in glass-ceramic technology, offering enhanced durability and aesthetic appeal, is expected to further fuel market expansion. Additionally, the shift towards smart home technologies and integrated kitchen solutions presents substantial growth opportunities.
Emerging markets in Asia-Pacific, particularly in countries like India and China, are anticipated to witness significant growth due to rapid urbanization, rising middle-class populations, and increased consumer spending on home appliances. The demand for glass-ceramic induction cooktops in these regions is expected to rise as consumers seek high-quality and energy-efficient cooking solutions. Moreover, the growing trend of sustainability and eco-friendly products aligns with the market's evolution, creating opportunities for innovation and expansion in the global glass-ceramic induction cooktops sector.
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Electrolux
Bosch
Smeg
Beko
De'Longhi
LG
Whirlpool
Midea
Haier
Panasonic
KitchenAid
Frigidaire
Summit Appliance
Miele
ASKO
Sub-Zero
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glass-ceramic Induction Cooktops Market
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest Glass-ceramic Induction Cooktops market share In 2023.
Knob Control
Touch Control
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glass-ceramic Induction Cooktops Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glass-ceramic Induction Cooktops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass-ceramic Induction Cooktops Market, By Type
6. Global Glass-ceramic Induction Cooktops Market, By Application
7. Global Glass-ceramic Induction Cooktops Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glass-ceramic Induction Cooktops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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