Lewes, DE -- (SBWIRE) -- 10/25/2016 -- Report forecast the global induction hobs market to grow at a CAGR of 6.98% during the period 2016-2020.

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.

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:
- Americas
- APAC
- Europe
- MEA

According to the report, the introduction of market-specific products will be one of the major factors that will drive the growth of the market.

Further, the report states that the need for induction-specific cookware will be one of the major challenges influencing market growth.

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 players in the global induction hobs market: Bosch, Electrolux, Haier Electronics, LG Electronics, Panasonic, and Whirlpool.

Other prominent vendors in the market are: Arçelik, Gorenje, Gree Electric Appliances, Groupe SEB, Hisense Group, Kenmore, Middleby Corporation, Midea Group, Miele, Koninklijke Philips, SHARP, and SMEG.

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?

Spanning over 82 pages and 50 Exhibits "Global Induction Hobs Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global economic indicators, Market segmentation by distribution channel, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-induction-hobs-market-2016-2020

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