According to Goldstein Research, global commercial induction cooktop market is expected to growfrom USD 0.37 in 2016 at a CAGR of 8.0% over the forecast period 2016-2024.Rising innovation in cooking technologies and increasing fuel prices is primarily driving the growth of commercial induction cooktop market across the globe. Global commercial induction cooktop market segmentation has been carried out on the basis of installation type. Counter top commercial induction cooktop accounted for 48% revenue share in 2016, and increasing adoption of counter top model in smaller enterprises and growing popularity of live counters at restaurants are likely to propel the growth of countertop commercial induction cooktop market during the forecast period. Global commercial induction cooktop market is dominated by Europe and it is expected to continue its dominance over the forecast period. Asia-Pacific is anticipated to be fastest growing market owing to rapid urbanization and growing hospitality sector, backed by growing demand for energy-efficient and time saving cooking methods. Europe is followed by North America and Asia-Pacific, with North America accounted for 30% revenue share in 2016.
Market Segmentation
On the basis of our in-depth analysis, Global Commercial Induction Cooktop Market can be segmented as follows:
• Based on Installation Type
o Countertop Commercial Induction Cooktop
o Drop-in Commercial Induction Cooktop
o Floor Standing Commercial Induction Cooktop
• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Commercial Induction Cooktop Market Outlook 2024” contains detailed overview of the global commercial induction cooktop market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by installation type.
Further, for the in-depth analysis, Global Commercial Induction Cooktop Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asAPW Wyott , The MiddleBuy Corporation, The Vollrath Company, True Induction, CookTek, Prestige, Panasonic Corporation, Garland Group, Fisher & Paykel Appliances Holdings Ltd, Max Burton , Admiral Craft Equipment Corporation, Globe Food Equipment,Dipo Induction, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global commercial induction cooktop market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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