The global Stove and Hobs market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. The Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project collaborated with a local development finance institution and tapped into a network of local non-governmental organisations to manufacture and distribute 1.7 million improved cookStove, resulting in a 3 million metric tonne CO2 equivalent reduction in greenhouse gas emissions. As of September 2020, IDA financing of more than $100 million has been identified (either approved or in the queue) for projects to be co-financed with the Clean Cooking Fund.One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the uses of the restaurants, dining outdoor, street food vendors, and others. All this led to a decrease in the demand, and production activities in the Stove and Hobs market. It caused market players a resistance in their regular sales. However, after a while, the stoves and hobs market accelerated the market owing to the high application in the kitchen during the pandemic.
To Request a Sample of our Report on Stove and Hobs Market: https://www.omrglobal.com/request-sample/stove-and-hobs-market
Market Coverage
- Market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Stove and Hobs Market Report Segment
By Product Type
- Gas
- Induction
By Base Material
- Glass
- Stainless Steel
By Burner
- Two
- Three
- Four
- Five
- Six
A full report of Stove and Hobs Market available @ https://www.omrglobal.com/industry-reports/stove-and-hobs-market
Stove and Hobs Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/stove-and-hobs-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404