Learn about the global Electric Stoves market through The Business Research Company, which provides information on electric stoves market size, electric stoves market drivers and restraints, electric stoves market players, the COVID-19 impact on the electric stoves market, and more.

The global electric stoves market size is expected to grow from $20.40 billion in 2021 to $21.04 billion in 2022 at a compound annual growth rate (CAGR) of 3.1%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric stove market is expected to reach $21.70 billion in 2026 at a CAGR of 0.8%.

Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves.

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The electric stove market includes sales of electric stoves that convert electricity to heat and serve as an alternative for gas stoves. Electric stoves contain a thermostat, spiral or coil shaped burners placed on top and heat-producing elements for baking and cooking.

Global Electric Stoves Market Segments Include:

By Product: Built-In, Free-Standing

By Material: Metal Stove, Stone Stove, Ceramic Stove, Others

By Application: Residential Use, Commercial Use, Industrial Use

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the electric stoves market in 2021.

Manufacturers of electric stoves are focusing on adding new technological features to cater to changing needs of customers. Some of the features include automatic temperature regulation, automatic shutdown and touchscreen control.

TBRC’s electric stoves market report covers:

Major Market Players: Philips, Panasonic, Haier Group, AB Electrolux, Bosch, Broseley Fires, Esse, Faber, Galanz, GE, Whirlpool, and Sunpentown.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Stoves Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric stoves market overviews, analyzes and forecasts market size, share, electric stoves market players, electric stoves market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric stoves market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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