Global Commercial Induction Cooktop Market 2017-2021
About Commercial Induction Cooktop
The commercial induction cooktop, also known as commercial induction ranges or commercial induction hobs, is a cooking equipment that uses electricity in combination with induction technology. This includes countertop commercial induction cooktop, drop-in commercial induction cooktop, and floor standing commercial induction cooktop.
Technavio’s analysts forecast the global commercial induction cooktop market to grow at a CAGR of 7.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial induction cooktop market for 2017-2021. To calculate the market size, the report considers the sales of new units of the commercial induction cooktops to the end-users.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Induction Cooktop Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial induction cooktop market: APW Wyatt, CookTek, Garland Group, The Vollrath Company, and True Induction.
Other Prominent Vendors in the market are: Admiral Craft Equipment, Buffalo, Dipo Induction, ELAG products, Elecpro, Equipex, Fisher & Paykel Appliances, Globe Food Equipment, Hatco, Lincat, Panasonic, and Spring USA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is improving compatibility of commercial induction cooktops. Consumers demand high productivity, substantial energy savings, and better quality when it comes to food cooking. The induction technology provides good safety control options, efficient heat distribution, and temperature controls.”
According to the report, one driver in the market is growing inclination toward energy-efficient cooking process. The energy-efficient commercial induction cooktops offer many benefits to the consumers. Commercial induction cooktops operate on induction technology, which enables energy transfer directly onto the cooking pan. The electric current creates a fluctuating magnetic field, which passes on as heat energy, using which the food is cooked.
Further, the report states that one challenge in the market is easy availability and high penetration of gas burners. The gas burners come with a low investment, and are widely popular. The gas burners already have a good commercial consumer base. There are many suppliers of gas burners with good customer support. There are different kinds of commercial gas burners are available like single-range burners, two-range burners, and three-range burners.
APW Wyatt, CookTek, Garland Group, The Vollrath Company, and True Induction.Other Prominent Vendors in the market are: Admiral Craft Equipment, Buffalo, Dipo Induction, ELAG products, Elecpro, Equipex, Fisher & Paykel Appliances, Globe Food Equipment, Hatco, Lincat, Panasonic, and Spring USA.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook