India Electric Chimney Market & Future Trend 2017-2023Posted by Sophia Jones on May 28th, 2018 Market Reports on India Provides the Trending Market Research Report on “India Electric Chimney Market” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. India Electric Chimney Market is projected to grow at a CAGR of over 14% during 2017-23. Over the past few years, electric chimney market has experienced rising consumer awareness towards adoption of these solutions. This trend is likely to continue during the forecast period as well owing to rising disposable income and surging standard of living. In terms of market segments, wall mounted electric chimney solutions are anticipated to drive the market growth due to their higher integration across various existing and upcoming residential and commercial applications. India kitchen and kitchenware industry recorded substantial growth over the last few years, wherein modular kitchen segment registered higher growth, attributed to rising consumer awareness towards modern lifestyle, growing upper and upper middle class households, along with adoption for smart living and attractive kitchen solutions. With growing modular kitchen solutions, the demand for electric chimneys has also increased. Additionally, declining ownership cost, surging purchasing power as well as growing need to evade cooking smoke and gases are some of the major factors which are likely to propel the market growth over the coming years. In 2016, the Southern region accounted for largest revenue share in the country followed by the Northern region and others. Major construction projects across commercial and residential application verticals, coupled with increasing consumer awareness are the key factors leading to the growth of electric chimney market. Some of the key players in India electric chimney market include- Faber Heatkraft, Pigeon, Glen, Elica, IFB, Prestige, Kaff. Kutchina, Hindware, and Sunflame. The report thoroughly covers India electric chimney market by types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics. Markets Covered: The report provides detailed analysis of the following market segments:
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