The global electric hobs market size was US$ 696.21 million in 2021. The global electric hobs market size is forecast to reach US$ 1043 million by 2030, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.

The most common type of stovetop cooking is electric. Hobs are new gas stoves that are incorporated into kitchen slabs, saving a significant amount of room. Warming up an electric hob takes a minute or two. Cooking rings or zones, which can be two, four, or six, are the cooking elements of electric hobs. Electric hobs are popular among consumers since they are the most cost-effective of all the possibilities.

Factors Influencing Market Growth
Among the factors driving the global electric hobs market include increased internet penetration worldwide and the growing number of food shows and food blogging.
The rising number of households globally, increasing health consciousness, a shift in consumer lifestyle, and rising the trend of cooking food at home boosts the global market growth.
The growing adoption of cloud kitchens in the foodservice industry is forecast to create lucrative opportunities for the global electric hobs industry during the forecast period.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global electric hobs market growth. Several governments imposed a lockdown in order to prevent the spread of the deadly virus. This decreased consumer spending on these products, owing to employment hesitation and less spending power. In addition, leading companies in the kitchen equipment industry had to limit their production capacities or stop them completely, along with their retail stores, due to less labor and supply chain disturbance.

Regional Insights
The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the rising disposable income and the existence of a considerable consumer base. In addition, growing awareness of hobs and convenient cooking. The government in the region is also focusing on multiple smart home projects, which drive the market growth in the region.

Leading Competitors
The leading prominent companies profiled in the global electric hobs market are:
Whirlpool Corporation
AB Electrolux
Miele & Cie. Kg
Panasonic Corporation
Arcelik A.S. (Beko)
IFB Industries Limited
Elica S.p.A.
Electron International
FABER S.p.A.
Bosch-Siemens Hausgeraete GmbH
Sunflame Enterprises Private Limited
Capella Home Appliances
Daewoo Electronics Corporation
Other Prominent Players

Scope of the Report
The global electric hobs market segmentation focuses on Size, Distribution Channel, and Region.
Segmentation based on Size
2 Burner
4 Burner
5 Burner
Segmentation based on Distribution Channel
Supermarket Hypermarket
Specialty Stores
E-commerce
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Electric Hobs Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Electric Hobs Market is projected to reach US$ 1043 million by end of 2030 from US$ 696.21 million in 2021, at a CAGR of 4.5%
Meta Keywords: electric hobs market Size, electric hobs market share, electric hobs market trend, electric hobs market Forecast, electric hobs market insight