United Arab Emirates (UAE) Induction Cooktop Market Research Report, 2028

United Arab Emirates (UAE) Induction Cooktop Market Research Report, 2028

Actual Market Research 30-01-2023 59 Pages Figures : 5 Tables : 11 Region : MEA Country : United Arab Emirates Category : Consumer Goods & Services Appliances & Equipment

UAE holds the second position in induction cooktop market in Middle East Asia & Africa continent. Induction Cooktops, directly heat the pan rather than the hob ring. When an induction hob is turned on, a magnetic field beneath its surface is activated. When a pan is placed on the stove, the circuit is completed by heating the pan's base. Several advancements strengthened the business, such as kitchen appliance makers upgrading out-of-date mechanical controls and displays to save after-sales costs. Furthermore, due to rising demand for environmentally friendly appliances and increased access to electricity, the market graph is expected to rise significantly throughout the forecast period. Additionally, rising demand for modular kitchens is likely to support induction hob demand. The benefits of induction hobs, such as their speed, responsiveness, energy efficiency, and ease of use, have significantly fuelled market growth. When compared to typical electric cooktops, induction cooking has a potential energy savings of 5% to 20%, and it has an energy savings of more than 65% when compared to gas. Electrolux AB, Robert Bosch GmbH, LG Electronics, Inc., Panasonic Corporation, Midea Group, etc. are the major companies operating in UAE. Siemens EU611BEB1E, Russell Hobbs RH77IH501B, Cuisinart ICT-60, Russell Hobbs RH60IH401B, Duxtop ?9600LS-UK, Salton ID1350, etc. are the top most selling models for Induction Cooktop in UAE. According to the research report, "UAE Induction Cooktop Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 128.70 Million from 2023 to 2028. When compared to electric and gas cooktops, induction cooktops are one of the most energy-efficient appliances since the energy consumed is transferred to the meal. Buyers will enjoy that these cooktops consume less energy, which is better for the environment and may result in cheaper utility bills. When it comes to homes, more potential buyers prioritise energy efficiency, with buyers finding it to be a highly desired characteristic. As a result, moving from LPG to induction stoves could be one of the policy steps implemented by governments around the world to achieve energy sustainability and reduce carbon emissions. Several technical advancements will drive market expansion, such as kitchen appliance manufacturers replacing old mechanical controls and displays with touch technology to reduce dependability and after-sales expenses. Touch screens with large pictures are also becoming more popular. Because of constantly changing work and family routines, a larger desire for eco-friendly items, and more affordable electrical accessibility, consumers are expected to purchase technology-driven kitchen devices. The UAE has a population of 10.08 million people, ou of which, 8.2 million are urban residents and 1.26 million are rural residents. According to the World Bank, the UAE's GDP in 2020 was USD 358.87 billion, the inflation rate was -2.1%, and the per capita income was $36,284.6. According to the Census data, there are 551 thousand homes in the United Arab Emirates. There are estimated to be 92.8 thousand homes in Abu Dhabi alone, with 35,000 homes in Dubai following closely behind. Because there are so many more homes being built, the market for induction cooktops is expanding quickly. The market has been divided into two categories based on product type: built-in and free-standing. In terms of value, the Built-In category is leading the market with a share of more than the freestanding, which is expected to grow faster during forecast period. The industry is being driven by an increase in the number of residential and commercial development projects. More chefs and manufacturers are promoting induction to construction professionals and customers because of the inherent benefits of the technology. The residential sector will lead the Middle East & Africa market in 2022, with numerous new home construction projects underway, demand for induction cooktops is projected to increase. The market has already benefited from the gradual shift away from gas cooktops, and an increasing number of consumers are interested in installing induction cooktops in their homes or large-scale residential projects. This is because people are becoming more aware of its advantages over gas cooktops. The commercial sector is expected to grow at a faster rate over the projection period. Non-residential facilities like restaurants and hotels also make extensive use of induction cooktops. Supermarket in UAE are: Zoom, 7Eleven, Al Maya Supermarkets, Madina Supermarkets, Grandiose Supermarket, All Day Supermarket, Geant Hypermarket, etc. Retail establishments, which make up the offline distribution channel, owned the bulk of the market. Until recently, retail stores were the only places to purchase bathroom fixtures. At these places, customers received assistance in choosing from a range of items. The UAE market for induction cooktops is expanding as a consequence of developments in internet marketing and an increase in the usage of digital media for product promotion. Increased acceptance of technologically innovative and high-tech commodities is expected to promote the growth of kitchen appliance e-commerce websites, hence increasing the market for induction cooktops. Considered in this report • Geography: UAE • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • UAE Induction Cooktop market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Built-In • Freestanding By Application: • Residential • Commercial By Distribution Channel: • Specialty Store • Hypermarkets & Supermarkets • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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