ELECTRIC COOKTOPS MARKET ANALYSIS
Global Electric Cooktops Market: Regional Insights
The market for Asia Pacific accounted for the largest share in the global market in 2016 and is expected to retain its dominance over the forecast period. Rising demand for smart homes is one of the factors driving growth of the market in this region. For instance, according to the Coherent Market Insights’ analysis, in 2016, in India, the revenue generated from smart home was US$ 17.45 million, which increased to US$30 million in 2017. This in turn, is expected to boost demand for smart kitchen appliances such as electric cooktops. Thus, the market for electric cooktops is expected to gain significant traction in this region.
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