Albany, New york (PRWEB) March 29, 2013
According to a new market report "Household Induction Cook-tops (Hobs)Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," published by Transparency Market Research, the global household induction cook-tops market is estimated to reach USD 5.2 billion by 2018.
Browse the full report at http://www.transparencymarketresearch.com/hobs-market.html
The market is driven by faster adoption of induction cook-tops in Europe and Asia Pacific due to rising fuel prices and growing awareness about environment protection. These two regional markets collectively accounted for more than 50% of the global household induction cook-tops revenue in 2012.
The global household cooking appliances market is witnessing growing contribution from the induction cook-tops product segment, which is the fastest growing product market among the different types of cook-tops. The cook-tops market alone was estimated to account for nearly half the share of the global household cooking appliances market, with induction cook-tops taking up 14.2% of the market share of the global cook-tops market in 2012.
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Induction cook-tops, which is currently considered as a high end consumer product, is gradually finding growing acceptance among consumers. Some of the key market drivers for the induction cook-tops market include growing disposable income, rising fuel cost for conventional cook-tops (gas, electricity, and others), growing trend of modular kitchens in new houses, preference for a comfortable work environment in the
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