Market Overview:
The global electric hot plate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric hot plates from laboratories and households across the globe. Additionally, the growing demand for electric hot plates in Asia Pacific is also contributing to the growth of this market. However, factors such as high initial cost and lack of awareness about these products are restraining the growth of this market. On basis on type, single hot plate held major share in 2017 and is projected to grow at a CAGR of 5% during forecast period while double Hot Plate will witness highest CAGR over next 10 years owing its benefits like space-saving feature and two cooking zones that make it perfect for multi-taskers .
Product Definition:
An electric hot plate is a portable appliance that uses electricity to create heat. It is used to cook food or to heat up liquids. Electric hot plates are often used in college dorms and small apartments where there is not enough space for a full-sized stove.
Single Hot Plate:
Single hot plate is a device used to heat only one plate at a time. It’s an electric heating appliance that uses direct current (DC) to distribute heat from an insulated container filled with liquid petroleum gas (LPG). Single hot plates are safe, convenient and economical for household use. They can be used for cooking, warming up beverages or even making water boil faster.
Double Hot Plate:
Double hot plate is a device used in electric hot plate market to provide two independent heat sources. It helps to cook food faster by using two different temperatures of plates. One of the important factors that can be attributed for its increased adoption is its ability to reduce cooking time, which in turn reduces energy consumption and also saves money.
Application Insights:
The household segment dominated the global electric hot plate market, accounting for more than 50.0% share of the overall revenue in 2017. The growth can be attributed to increasing demand for energy-efficient products and growing concerns regarding greenhouse gas emissions. In addition, rapid urbanization coupled with rising disposable income has led to an increase in demand for convenient and energy-efficient cooking appliances among households across developing countries including China, India and Brazil.
The lab application segment is expected to witness significant growth over the forecast period owing to its wide scope of application in various industries including pharmaceuticals, chemical manufacturing as well as food & beverage processing on a commercial level.
Regional Analysis:
North America dominated the global electric hot plate market in 2017. The U.S., being one of the most developed countries, has a large number of hotels and restaurants that use electric hot plates for cooking food quickly without causing much pollution. Moreover, with increasing health awareness among people in North America, demand for fast food is expected to increase over the forecast period which will drive regional growth over the next eight years.
Asia Pacific is expected to be one of fastest growing regions due to rising disposable income and improving standard of living especially in developing countries such as China and India owing to rapid industrialization.
Europe was estimated at USD X billion in 2017 owing to high consumption associated with tourism industry mainly across Spain Italy Turkey Germany France UK Russia etc.
Growth Factors:
- Increasing demand for electric hot plates from commercial and residential sectors
- Rising popularity of electric hot plates among the consumers for their energy efficiency and portability
- Technological advancements in electric hot plate design and features
- Growing awareness about the benefits of using electric hot plates among consumers
- Low-cost ownership and easy maintenance
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Hot Plate Market Research Report
By Type
Single Hot Plate, Double Hot Plate, Others
By Application
Lab, Household, Others
By Companies
Aroma-housewares, SKF, Philips, Zhong Shan Longvcu Electric Co., Ltd, Weibang Co., Ltd, Fengye Electrical Applicance, Andong, CHINABEST
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electric Hot Plate Market Report Segments:
The global Electric Hot Plate market is segmented on the basis of:
Types
Single Hot Plate, Double Hot Plate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lab, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aroma-housewares
- SKF
- Philips
- Zhong Shan Longvcu Electric Co., Ltd
- Weibang Co., Ltd
- Fengye Electrical Applicance
- Andong
- CHINABEST
Highlights of The Electric Hot Plate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Hot Plate
- Double Hot Plate
- Others
- By Application:
- Lab
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Hot Plate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric hot plate is a kitchen appliance that uses electricity to cook food. It typically has a heating element on the bottom that cooks food over an open flame or electric current.
Some of the key players operating in the electric hot plate market are Aroma-housewares, SKF, Philips, Zhong Shan Longvcu Electric Co., Ltd, Weibang Co., Ltd, Fengye Electrical Applicance, Andong, CHINABEST.
The electric hot plate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Hot Plate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Hot Plate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Hot Plate Market - Supply Chain
4.5. Global Electric Hot Plate Market Forecast
4.5.1. Electric Hot Plate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Hot Plate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Hot Plate Market Absolute $ Opportunity
5. Global Electric Hot Plate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Hot Plate Market Size and Volume Forecast by Type
5.3.1. Single Hot Plate
5.3.2. Double Hot Plate
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Hot Plate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Hot Plate Market Size and Volume Forecast by Application
6.3.1. Lab
6.3.2. Household
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Hot Plate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Hot Plate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Hot Plate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Hot Plate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Hot Plate Demand Share Forecast, 2019-2026
9. North America Electric Hot Plate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Hot Plate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Hot Plate Market Size and Volume Forecast by Application
9.4.1. Lab
9.4.2. Household
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Hot Plate Market Size and Volume Forecast by Type
9.7.1. Single Hot Plate
9.7.2. Double Hot Plate
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Hot Plate Demand Share Forecast, 2019-2026
10. Latin America Electric Hot Plate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Hot Plate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Hot Plate Market Size and Volume Forecast by Application
10.4.1. Lab
10.4.2. Household
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Hot Plate Market Size and Volume Forecast by Type
10.7.1. Single Hot Plate
10.7.2. Double Hot Plate
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Hot Plate Demand Share Forecast, 2019-2026
11. Europe Electric Hot Plate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Hot Plate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Hot Plate Market Size and Volume Forecast by Application
11.4.1. Lab
11.4.2. Household
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Hot Plate Market Size and Volume Forecast by Type
11.7.1. Single Hot Plate
11.7.2. Double Hot Plate
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Hot Plate Demand Share, 2019-2026
12. Asia Pacific Electric Hot Plate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Hot Plate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Hot Plate Market Size and Volume Forecast by Application
12.4.1. Lab
12.4.2. Household
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Hot Plate Market Size and Volume Forecast by Type
12.7.1. Single Hot Plate
12.7.2. Double Hot Plate
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Hot Plate Demand Share, 2019-2026
13. Middle East & Africa Electric Hot Plate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Hot Plate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Hot Plate Market Size and Volume Forecast by Application
13.4.1. Lab
13.4.2. Household
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Hot Plate Market Size and Volume Forecast by Type
13.7.1. Single Hot Plate
13.7.2. Double Hot Plate
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Hot Plate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Hot Plate Market: Market Share Analysis
14.2. Electric Hot Plate Distributors and Customers
14.3. Electric Hot Plate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aroma-housewares
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SKF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhong Shan Longvcu Electric Co., Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weibang Co., Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fengye Electrical Applicance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Andong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CHINABEST
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
