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Induction Hobs Market - New Market Research Report Published by Transparency Market Research
Date:3/29/2013

kitchen, and improved heat control with induction cooking.

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Geographically, Europe is the biggest market for induction cook-tops, and accounted for more than one third of the global induction cook-tops revenue in 2011. However, leading players from the white goods industry are quickly moving to the Asia Pacific region to exploit the fast growth and lower competition. In addition, stiff competition from domestic manufacturers and high concentration of global manufacturers in Europe is also driving leading players to look for opportunities in the Asia Pacific market.

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Some of the frontline players in the European market include Miele & Cie. KG, Smeg, Sub-Zero Wolf, AB Electrolux, Stoves & Co., among others. On the other hand Philips Electronics, Panasonic, and Whirlpool enjoy higher brand penetration in the Asia Pacific region. Product innovation is observed as the key strategy followed by industry leaders, who are introducing cook-tops with multiple hot surfaces, advanced auto cook features, and more trendy designs.

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