Industrial, Manufacturing & Heavy Industry Market News

Global Electric Hot Plate market to reach 1040 m US$ by 2025


Global Electric Hot Plate Market offers a wide range of market dynamics like current trends (2019), estimated forecast (2025), segmentation by types, applications and by companies. It also includes key companies profile and talks about their market share.

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Electric Hot Plate is a portable self-contained tabletop small appliance. It can be used for heating and cooking food.

This kind of electric hot plate is similar to induction cooker, but it is not the same. And there is another kind of electric hot plate which is used in industry such as heating bearings before prior to mounting.

In this report, both of them are discussed.

The Electric Hot Plate industry is quite mature nowadays.

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The main manufacturing bases are in China. The industry production is dispersed to many companies or producers instead of occupied by a few manufacturers.

The market status is always steady for the last 5 years. China provide the most part of the production volume of the electric hot plate among it.

About 15 million electric hot plates and occupy about 46.7% of the whole production volume of the world.

United States and Europe also provide an amount of electric hot plates for the global market. However, the production price in the United States, Europe and Japan is relatively higher than that in China.

As the result, Chinese electric hot plate producers tend to produce their products and export them to the United States, Europe or Japan.

Since the economic status is not good currently, the consumption is not good. In 2015, the global consumption growth rate is only 2.39%.

United States becomes the biggest consumer in the world, consuming nearly 31% of the whole production volume. Europe is the second largest market of the electric hot plate.

The prices of the products kept decreasing in the last several years. Because of that, the production value of the electric hot plate is decreasing.

However, the gross margin of producing the products nearly kept in the same level during the last 5 year.

From our investigation, the market size of the electric hot plate is not big. It is not now developing, either.

From our point of view, Big firms and producer who can have a low cost can think about getting into this area. People without professional technologies about electric hot plate or small firms had better choose another area to invest the money.

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The global Electric Hot Plate market is valued at 620 million US$ in 2018 is expected to reach 1040 million US$ by the end of 2025, growing at a CAGR of 6.6% during 2019-2025.

This report focuses on Electric Hot Plate volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electric Hot Plate market size by analyzing historical data and future prospect.

Regionally, this report focuses on several key regions: North America, Europe, China and Japan. Key companies profiled on his report are Aroma-housewares, SKF, Philips, Zhong Shan Longvcu Electric Co., Ltd, Weibang Co., Ltd, Fengye Electrical Applicance, Andong, CHINABEST and more in the terms of Product Introduction, Application, Specification, companies Production, Revenue, Price and Gross Margin (2014-2019), etc.

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Segment by Regions

  • North America
  • Europe
  • China
  • Japan

Segment by Type

  • Single Hot Plate
  • Double Hot Plate
  • Others

Segment by Application

  • Lab
  • Household
  • Others

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