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Infrared Induction Cooker Market: Introduction

  • Infrared induction cookers have an infrared feature. The combination of induction cooker and infrared feature is known as infrared induction cooker. This is the latest technology addition in the cooker market with an aim to transform cooking to a safe and joyful experience. Increase in adoption of products which reduce effort and time are highly accepted by consumers around the world and hence the global infrared induction cooker market is expected to expand during the forecast period.

Key Drivers and Opportunities of the Global Infrared Induction Cooker Market

  • Modern kitchens depend on safety and control when it comes to appliances, especially cookers. Consumers in various nations have adopted the change from gas to electricity and open flame to glass. Induction cookers have many advantages but are not compatible with all cookware and hence increases the cost of utensils. Infrared induction cookers provide the best of both the cookers which increases consumer convenience and hence the global induction infrared cooker market is expected to grow during the forecast period.
  • Manufacturers are investing heavily in developing energy efficient, compact, and innovative products to cater to the rising population. Rapid urbanization and space constraints will lead to demand for multipurpose products which is expected to fuel the market for infrared induction cookers.
  • Manufacturers can target housing unit developers as they have started incorporating kitchen appliances in new construction units to attract consumers. The rising disposable income and improved standard of living is expected to drive the market during the forecast period. However, fluctuation in exchange rates, and volatility in prices of raw materials are the challenges faced by manufacturers of infrared induction cookers.
  • The market for infrared induction cookers is expected to grow at a rapid rate during the forecast period due to increasing consumer awareness about the product, government regulations to manufacture energy efficient products, and re-opening of commercial places.   

North America to Hold Major Share of the Global Infrared Induction Cooker Market

  • In terms of region, the infrared induction cooker market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America dominates the global infrared induction cooker market followed by Europe and Asia Pacific. The U.S. is the leading market due to high consumer spending and product awareness. The market in Asia Pacific is projected to grow at a rapid rate during the forecast period due to increasing middle class population and inclination toward easy and convenient products.

Key Players Operating in the Global Infrared Induction Cooker Market are Listed Below:

  • Baltra
  • Baumann Living
  • Clearline Appliances Limited
  • Electrolux AB
  • German Pool Group Co. Ltd.
  • Grunn
  • H-one Electrical Appliances Co., Ltd.
  • KOSMO Srl
  • Teka Group

Global Infrared Induction Cooker Market: Research Scope

Global Infrared Induction Cooker Market, by Product Type

  • Single Induction
  • Double Induction
  • Others

Global Infrared Induction Cooker Market, by Price

  • Low
  • Medium
  • High

Global Infrared Induction Cooker Market, by End-use

  • Residential
  • Commercial

Global Infrared Induction Cooker Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Hypermarkets & Supermarkets
    • Specialty Stores
    • Other Retail Stores

Global Infrared Induction Cooker Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Infrared Induction Cooker Market