Household Induction Cook-tops (Hobs) Market Is Expected To Reach USD 5.2 Billion Globally By 2018: Transparency Market Research

NEW YORK, March 21, 2013 /PRNewswire/ --

According to a new market report " Household  Induction Cook-tops  ( H obs) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012  -  2018," published by Transparency Market Research ( http://www.transparencymarketresearch.com), the global household induction cook-tops market is estimated to reach USD 5.2 billion by 2018. 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.

Browse the full report at   http://www.transparencymarketresearch.com/hobs-market.html  

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 kitchen, and improved heat control with induction cooking.

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