The global Stove and Hobs market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2022-2028). The Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project collaborated with a local development finance institution and tapped into a network of local non-governmental organisations to manufacture and distribute 1.7 million improved cookStove, resulting in a 3 million metric tonne CO2 equivalent reduction in greenhouse gas emissions. As of September 2020, IDA financing of more than $100 million has been identified (either approved or in the queue) for projects to be co-financed with the Clean Cooking Fund.One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
Browse the full report description of “Global Stove and Hobs Market Size, Share & Trends Analysis Report by Product Type (Gas Stoves and Hobs, and Induction Stoves and Hobs) by Base Material (Glass, and Stainless Steel), and by Burner (Two, Three, Four, Five, Six) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/stove-and-hobs-market
• In April 2022, Plaintree Systems Inc., is an AS 9100D company, Ontario-based conglomerate acquired Elmira Stove, a vintage appliances manufacturer and distributing unique kitchen appliances distributing unique kitchen appliances.
• In September 2021, Whirlpool of India Ltd acquired kitchen appliance maker Elica PB India with ownership from the current 49% to 87% for US$ 57 Mn. With the acquisition, Elica PB India will become a majority-owned subsidiary of Whirlpool India, and its financial statements will be consolidated within Whirlpool India. Elica PB India also manufactures and sells hobs.
• In September 2019, Bertram Capital announced partnership with the Company's founders, that has made an investment in Frontline Advance, LLC . Solo Stove is a leading designer and supplier of portable, low-smoke fire pits and camping Stove. The Company excels at designing products that are loved by ultralight hikers, car campers, and backyard enthusiasts alike.
• In March 2019, The advanced induction hob of Electrolux is the 900 SensePro. The world's first wireless and battery-free food probe, it allows users to tell the hob what's cooking and how they'd like it done, resulting in ideal results. The induction hob detects and maintains a consistent temperature over the pan's surface.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Base Material
o By Burner
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BSH Hausgeräte GmbH, Haier Inc., LG Electronics, Panasonic, Whirlpool Corp., including and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Stove and Hobs Market Report Segment
By Product Type
By Base Material
By Burner
Global Stove and Hobs Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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