United Kingdom (UK) Induction Cooktop Market Research Report, 2028

United Kingdom (UK) Induction Cooktop Market Research Report, 2028

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

The construction industry is in high demand in the United Kingdom. Furthermore, the UK is seeing an increase in housing repair and private house construction activities, with private houses accounting for 20% of total construction and housing repair accounting for 18%. This increase in rising construction activity is likely to boost demand for induction cooktops, which is an essential component of kitchens in new residential construction. According to the Renewable Energy Hub of the UK, all new homes in the UK should avoid using gas boilers and hobs in favour of heat pumps and induction hobs. According to the paper, new residences might be heated by a network of hot water produced by waste heat from enterprises. Heat pumps, which use heat from the ground, air, or sea, are another option. Induction cooktops, often known as induction hobs, use induction technology to generate an electromagnetic field and transfer heat directly to the bottom of a metal pot. These ferrous metal vessels must be composed of cast iron or steel. Instead of heating the bottom of the cooking vessel with a flame or an electric heating element, the cooking pan or vessel is heated by a magnetic field. Electrolux AB, Robert Bosch GmbH, LG Electronics, Inc., Panasonic Corporation, Midea Group, Haier Smart Home Co. Ltd., Whirlpool Corporation, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Miele, Kaiser, and many others are the major companies operating in the U.K. According to the research report, "U.K. Induction Cooktop Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 586.96 Million. 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 food. Buyers will enjoy that these cooktops consume less energy, which is healthier for the environment and may potentially reduce power bills. And, when it comes to residences, more potential buyers are putting energy efficiency at the top of their wish lists, with buyers finding it a highly desired feature. As a result, changing LPG stoves to induction stoves could be one of the policy solutions employed by governments around the world to achieve energy sustainability and reduce carbon emissions. Several technological improvements, such as kitchen appliance manufacturers replacing antiquated mechanical controls and displays with touch technology to minimise dependability and after-sale costs, will drive market expansion. Touch screens with huge images are also gaining popularity. Consumers are projected to acquire technology-driven kitchen devices due to constantly changing work and family routines, a greater need for eco-friendly products, and easier access to inexpensive electricity. Best 'portable' induction hob: Tefal Everyday (~£50), Best induction hob under £250: Hisense I6433C, Best induction hob under £600: AEG MaxiSense IKE64450FB, Best for discerning chefs: Neff N 70 T56FT60X0 (~£829), Best high-end induction hob: Miele KM7897 FL (~£2,849), are the best models of induction cooktop in United Kingdom. As per above, the price of a portable induction cooktop is lower in comparison to the price of built-in models. According to the World Bank, the United Kingdom has a population of 67.3 million people, the Country side has 10.8 million people, whereas metropolitan areas have 56.5 million. The UK will have a GDP of 3.19 trillion USD in 2021, an inflation rate of 2.5 percent, and a per capita income of USD 47,334.4. The growing number of people and increasing per capita income are the external driving factors for the induction cooktop market in the U.K. According to the IOP Conference Series on Materials Science and Engineering, for example, electrical energy already dominates home energy demand, which is anticipated to increase by about 50% by 2050. Induction stoves (74.03%), normal electric stoves (56.29%), and LPG stoves (38.55%) were tested for energy efficiency. Induction cooktops were discovered to be handier and more energy efficient. Induction stoves use less energy and cost less to operate than typical electric and LPG burners. The induction stove exceeds its competitors even in terms of carbon emissions. However, the high setup cost of induction cooktops and price variability throughout the market may stymie market expansion. Despite this, advanced features such as improved energy efficiency, compact designs, and effective safety management, as well as the creation of unique and less expensive induction cooktops, may create new opportunities for the worldwide induction cooktop market to grow further. The White kitchen company, Sola Kitchens, Freestyle kitchens and many others are the speciality stores in U.K. Sainsbury's, Asda Carlisle, and Tesco Extra are the top supermarkets in the United Kingdom. The majority of the market was held by retail establishments, which comprise the offline distribution channel. Bathroom fixtures were previously only available in retail establishments. Customers were assisted in making their selections from a variety of goods at these locations. The household induction cooktop market is expanding due to developments in internet marketing and an increase in the usage of digital media for product promotion. Increased acceptance of technologically innovative and high-tech items is likely to fuel the rise of kitchen appliance e-commerce websites, propelling the domestic induction cooktop market. Recent Development In January 2022, as part of its luxury kitchen appliances, Kaiser Appliances introduced Freezone induction hobs in the UK market. Considered in this report • Geography: United Kingdom • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • United Kingdom 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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