Global Commercial Induction Cooktop Market Growth by Portability and Energy Efficiency Features over Commercial Gas Stoves
According to Goldstein Research, global commercial induction cooktop market is expected to grow from USD 0.37 in 2016 at a CAGR of 8.0% over the forecast period 2016-2024.Rising innovation in cooking technologies and increasing fuel prices is primarily driving the growth of commercial induction cooktop market across the globe. Global commercial induction cooktop market segmentation has been carried out on the basis of installation type. Counter top commercial induction cooktop accounted for 48% revenue share in 2016, and increasing adoption of counter top model in smaller enterprises and growing popularity of live counters at restaurants are likely to propel the growth of countertop commercial induction cooktop market during the forecast period. Global commercial induction cooktop market is dominated by Europe and it is expected to continue its dominance over the forecast period. Asia-Pacific is anticipated to be fastest growing market owing to rapid urbanization and growing hospitali...