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Electric Stoves Market Latest Trends, Industry Growth, Size, Segmentation, Future Demands, By Regional Forecast To 2032
Electric Stoves Market
As per the electric stoves market report by The Business Research Company, Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking.
The global electric stoves market size will grow from $22.08 billion in 2022 to $22.93 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric stoves market size is expected to grow to $25.31 billion in 2027 at a CAGR of 2.5%.
Read More On The Electric Stoves Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-stoves-global-market-report
Major competitors in the electric stoves market include Philips, Panasonic, Haier Group, AB Electrolux, Bosch, Broseley Fires, Esse, Faber, Galanz, GE, Whirlpool, and Sunpentown.
The electric stoves market is segmented -
• By Product: Built in, Free-Standing
• By Material: Metal Stove, Stone Stove, Ceramic Stove, Other Materials
• By Application: Residential Use, Commercial Use, Industrial Use. Asia-Pacific was the largest region in the electric stoves market.
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An electric stove is defined as an electrical device that converts electricity to heat and serves as an alternative to gas stoves. Electric stoves contain a thermostat, spiral or coil-shaped burners placed on top, and heat-producing elements for baking and cooking.
The Table Of Content For The Electric Stoves Market Include:
1. Executive Summary
2. Electric Stoves Market Characteristics
3. Electric Stoves Market Trends And Strategies
4. Electric Stoves Market - Macro Economic Scenario
5. Electric Stoves Market Size And Growth
……
27. Electric Stoves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Stoves Market
29. Electric Stoves Market Future Outlook and Potential Analysis
30. Appendix
The "Global Electric Stoves Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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