TechNavio today launched its report Induction Cooktop Market in India 2012-2016 based on an in-depth analysis focusing on India. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”In India, trade offers such as discount sales, exchange offers, and festival offers are frequently introduced by vendors in order to trigger sales. Therefore because consumers are price sensitive they shop more during periods of trade offers. Commonly, apparel and electrical appliances witness a peak in sales volume at these times. Since induction cooking is gaining in popularity, these trade offers could trigger more sales of induction cooktops and in turn increase the growth of this market.”
According to the report, the high efficiency of induction cooktops is one of the major drivers in the Induction Cooktop market in India. The various advantages of induction cook tops over gas cook tops, such as increased efficiency, shorter cooking time, less power consumption, and increased safety, are expected to drive the growth of the market during the forecast period.
Further, the report states that the lack of adoption in business segments is one of the major challenges in the Induction Cooktop market in India.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are TTK Prestige Ltd., Bajaj Electrical Ltd., and Preethi Kitchen Appliances Pvt. Ltd. The other vendors mentioned in the report are Compton Greaves Ltd., Glen Appliances Pvt. Ltd., Inalsa, Jaipan Industries Ltd., Kenwood Ltd., Khaitan Electrical Ltd, Koninklijke Philips Electronics N.V., Morphy Richards, Panasonic Corp., Sunflame, and Usha International Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/induction-cooktop-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report – Induction Cooktop Market in India 2012-2016
