(Companies: Philips, Panasonic, Haier Group, AB Electrolux, Bosch, Broseley Fires, Esse, Faber, Galanz, GE)
The global electric stoves market was worth $2.3 billion in 2019.
The electric stove market includes sales of electric stoves that convert electricity to heat and serve as an alternative for gas stoves. Electric stoves contain a thermostat, spiral or coil shaped burners placed on top and heat-producing elements for baking and cooking. The electric stoves market covered in this report is segmented by product into built in and free-standing. It is segmented by material into metal stove, stone stove, ceramic stove, and others. It is segmented by application into residential use, commercial use, and industrial use.
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The global electric stoves market is expected to grow at a rate of about 9.45% and reach $3.3 billion by 2023. Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Electric stoves are designed to consume minimum energy and provide easy temperature control.
However, limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market.
Manufacturers of electric stoves are focusing on adding new technological features to cater to the changing needs of customers. Some of the features include automatic temperature regulation, automatic shutdown, and touchscreen control. For example, the GE JP328SKSS 30 stainless steel electric cooktop has advanced features with removable drip bowls that are attached below the coils for easy cleaning of accumulated spillage and leftovers. The graphics are easy to read and control and the cook top is provided with a red light indicator that illuminates to indicate that the cook top is active.
Major players in the market are Philips, Panasonic, Haier Group, AB Electrolux, Bosch, Broseley Fires, Esse, Faber, Galanz, GE.
Haier Group Corporation is a multinational home appliances and consumer electronics company headquartered in Qingdao, China. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, microwave ovens, stoves, mobile phones, computers, and televisions.
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Major Points From Table of Contents:
2. Electric Stoves Market Characteristics
3. Electric Stoves Market Size And Growth
3.1. Global Electric Stoves Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Electric Stoves Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Electric Stoves Market Segmentation
4.1. Global Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Built in
Free-Standing
4.2. Global Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Metal Stove
Stone Stove
Ceramic Stove
Others
4.3. Global Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Residential Use
Commercial Use
Industrial Use
5. Electric Stoves Market Regional And Country Analysis
5.1. Global Electric Stoves Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Electric Stoves Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Electric Stoves Market
6.1. Asia-Pacific Electric Stoves Market Overview
6.2. Asia-Pacific Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
7. China Electric Stoves Market
7.1. China Electric Stoves Market Overview
7.2. China Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
8. India Electric Stoves Market
8.1. India Electric Stoves Market Overview
8.2. India Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9. Japan Electric Stoves Market
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