Induction Hobs Market Insights Video

According to Cognitive Market Research, the global Induction Hobs market size was USD 20.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 8.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6.18 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 0.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
• The Built-in Induction Hobs is the fastest growing segment of the Induction Hobs industry