LAMEA Electric hobs Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Specialty Stores, Supermarket/Hypermarket, E-commerce), By Size (2 Burner, 4 Burner, and 5 Burner), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Electric Hobs Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Rising health consciousness, as well as changes in consumer lifestyles, increased health awareness, and an increase in the trend of preparing food at home, are projected to drive the electrical hobs market forward in the future. In addition, throughout the projection period, the use of cloud kitchens in the food service industry is expected to provide attractive prospects for the electric hobs business.
The primary distinction between induction and ceramic hobs is how heat is generated. An induction cooktop works similarly to an electric hob, but it contains coils beneath the surface that induce an electrical current in the pan or metal item to generate heat. It uses less energy than other types of electric hobs because it requires less electricity and remains cold until set a pan on it. Induction hobs are ideal for anyone searching for a high-quality appliance that will help them save money on their utility bills.
Clean energy is heat and electricity generated from renewable sources such as solar heaters or wind turbines that emit little or no pollution. The majority of electricity in South Africa is derived from non-renewable sources, primarily coal-fired power plants, which emit damaging pollutants such as carbon dioxide into air and waterways.
In South Africa, Power Africa has helped in the development of 3,180 megawatts (MW) of energy-producing installations. In addition, several companies have gotten assistance from the US Embassy to complete transactions. The following page provides an overview of South Africa's energy system, discusses Power Africa's role, and highlights Power Africa's financially concluded deals in the country, some of which are currently operational and providing crucial electricity to South Africans.
The Brazil market dominated the LAMEA Electric Hobs Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.3 Million by 2028. The Argentina market would showcase a CAGR of 7.1% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 6.2% during (2022 - 2028).
Based on Size, the market is segmented into 2 Burner, 4 Burner, and 5 Burner. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electric hobs Market is Predict to reach $816.2 Million by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (BSH Home Appliances Corporation), LG Electronics, Inc. (LG Corporation), Siemens AG, Whirlpool Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation), Beko plc (Arçelik A.?.), Cusimax, SMEG S.p.A. and Electrolux AB
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Specialty Stores
- 2 Burner
- 4 Burner
- 5 Burner
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH (BSH Home Appliances Corporation)
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Whirlpool Corporation
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Beko plc (Arçelik A.?.)
- SMEG S.p.A.
- Electrolux AB
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