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The Latin America, Middle East and Africa Household Induction Cooktops Market would witness market growth of 7.1% CAGR during the forecast period (2017-2023). A household induction cooktop uses a magnetic field, which is used to heat the specially designed cookware placed on the cooktop. Induction Cooktops are sufficient and easiest means for cooking. It helps in reducing waste in the kitchen and at the same time, easy to operate. The cooktops are preferred by consumers owing to the use of energy efficient method of preparing food. Growing middle class families and working women are the factors responsible for the adoption of convenience-oriented lifestyles. Time limitation has become one of the major problems for the working population. Therefore, the induction cooktops have presented as the solution for the time limitation. Induction cooktops cook food easily and quickly, which in turn saves the time and effort of working women population.
Based on Types, the market report segments the market into Free-Standing & PorTABLE Induction Cooktops and Built-In. Based on Sales Channels, the Latin America, Middle East and Africa Household Induction Cooktops Market is segmented into Offline and Online. Based on Countries, the market report segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA. The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Household Induction Cooktops Market.
Key companies profiled in the report include Whirlpool Corporation, LG Corporation (LG Electronics, Inc.), Panasonic Corporation, Sub-Zero Group, Inc., Haier Group Corporation, Koninklijke Philips N.V., Robert Bosch, Smeg S.P.A., AB Electrolux, and Miele Group.