Global Household Induction Cooktops: Regional Insights
Growth in the urban population is expected to serve major growth opportunities in the household induction cooktops market. Emerging economies such as India, Latin American countries, Brazil, China, etc., are experiencing rapid urbanization due to various economic factors such as rising disposable income in individuals and the availability of innovative products in the market. Due to this, new players are penetrating (with advanced products at competitive prices) the emerging markets of the Asia Pacific region such as China, South Korea, India, etc. All these factors are projected to propel the market growth over the forecast period.
Figure 1. Global Household Induction Cooktops Market Revenue Share (%), By Region, 2022
Household Induction Cooktops Market Report Snapshots
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