Spain Induction Cooktop Market Overview, 2028

People in Spain are beginning to adopt induction cooktops since they are safe to touch and do not create heat as long as no pan is placed on the cooking zone, electromagnetism is employed, and no heat is generated. Cooking on induction cooktops is so simple and safe that you won't need anything else. Induction cooking is popular among chefs in Spain because to the incredibly quick heating and accurate heat control given by a high-performance glass-ceramic surface. Furthermore, because induction technology only heats the pan and not the surface or surrounding area, very little heat escapes into the room.

According to the research report, "UAE Induction Cooktop Market Overview, 2028," published by Bonafide Research, the market is anticipated to grow with more than 7% CAGR by 2023-28. When compared to electric and gas cooktops, induction cooktops are one of the most energy-efficient appliances since the energy consumed is transferred to the meal. Buyers will enjoy that these cooktops consume less energy, which is better for the environment and may result in cheaper utility bills. When it comes to homes, more potential buyers prioritise energy efficiency, with buyers finding it to be a highly desired characteristic. As a result, moving from LPG to induction stoves could be one of the policy steps implemented by governments around the world to achieve energy sustainability and reduce carbon emissions. Several technical advancements will drive market expansion, such as kitchen appliance manufacturers replacing old mechanical controls and displays with touch technology to reduce dependability and after-sales expenses. Touch screens with large pictures are also becoming more popular. Because of constantly changing work and family routines, a larger desire for eco-friendly items, and more affordable electrical accessibility, consumers are expected to purchase technology-driven kitchen devices.

In Europe, demand for household induction cooktops is high among the urban population, particularly in HDI countries such as Spain, Germany, Switzerland, Iceland, and Norway, due to factors such as higher purchasing power, improved infrastructure, and an increase in the working population. Demand for induction cooktops is also high among working women, owing to healthier cooking options and ease of operation. In Europe, Induction hobs sales are rapidly increasing in Germany, France, the United Kingdom, Italy, and Spain. Free-standing induction hobs account for around 46% of the total induction hobs market in 2021. With rising gas costs and a growing preference for energy-saving equipment, demand for induction hobs is expected to rise throughout Europe over the next 5 years.

The COVID-19 epidemic had a negative influence on the spain market for induction hobs. The closure of firms and the cessation of economic activity have impeded the selling of induction hobs. In addition, the lower demand for induction cooktops by small cafés and restaurants as a result of the lockdown has hampered demand for induction hobs to some extent. Due to the long-term shutdown of physical businesses due to the COVID-19 pandemic, e-commerce has emerged as a key rival to other vendors, presenting as the fastest growing section of distribution channels in the year 2020.

Bosch, Electrolux, Siemens, Miele, Whirlpool are the major companies of induction cooktop in Spain. In January 2022, Kaiser Appliances launched Freezone induction hobs in the European market as a part of luxury kitchen appliances. On September 09, 2021, Belgian manufacturer Novy launched the Novy Easy Pro, an 80cm vented induction hob, which features a quiet central matrix extractor that automatically regulates the extraction speed once cooking begins.

Some of the induction cooktop stores in Spain are Tien 21 Electro Futur, Euronics la Tienda, Milar Jorgee Martinez, Change Electronic, Milar Filiu, Euronics Arganda, HNOS. PEREZ BRAVO MURILLO, Tien21 Bideo Lagunak and many more.

Considered in this report
• Geography: Spain
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Spain Induction Cooktop market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Built-In
• Freestanding

By Application:
• Residential
• Commercial

By Distribution Channel:
• Specialty Store
• Hypermarkets & Supermarkets
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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