Induction Cooktops Market Size, Share, Demand & Forecast to 2030

Global Induction Cooktops Market Research Report: Forecast (2024-2030)

By Product Type (Free-standing (Portable), Integrated (Built-in)), By Application (Household, Commercial), By Style (Multi-element, Single-element), By Distribution Channel (Hyperm......arkets/Supermarkets, Specialty Stores, Online), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific) By Company (Eurodib, Inalsa, Haier Group, Cal-Mil, Bajaj Electronics, Avantco Equipment, Miele Group, Robert Bosch Gmbh, Whirlpool Corporation, LG Electronics Inc., Koninklijke Philips N.V, Daewoo Electronics Corporation, Sub-Zero Group, Inc., Smeg S.p.A, Panasonic corporation and others) Read more

FMCG
Nov 2023
Pages 233
Report Format: PDF, Excel, PPT

Market Definition

An induction cooktop, often referred to as an induction stove or induction range, is a kitchen appliance designed for cooking that uses electromagnetic currents to heat cookware directly. Induction cooktops generate an electromagnetic field that induces electrical currents in the cookware.

Market Insights & Analysis: Global Induction Cooktops Market (2024-30):

The Global Induction Cooktops Market size is valued at around USD 17.65 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30. The market is witnessing growth driven by an uptick in both residential and non-residential development projects, alongside a surge in the number of restaurants and eateries. The escalating fuel costs associated with conventional gas cooktops and the rising popularity of modular kitchens due to their convenience and safety advantages are also propelling the market.

Moreover, as new residential construction projects continue to emerge, the demand for induction cooktops is anticipated to increase. This gradual transition away from gas cooktops has been advantageous for the industry, with a rising number of consumers favoring the installation of induction cooktops in their homes and larger residential developments. This shift is driven by heightened awareness of the benefits offered by induction cooktops over gas alternatives. Furthermore, these cooktops are gaining traction in non-residential projects, including restaurants and hotels.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-30)	7.12%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of the Middle East & Africa
Key Companies Profiled	Eurodib, Inalsa, Haier Group, Cal-Mil, Bajaj Electronics, Avantco Equipment, Miele Group, Robert Bosch Gmbh, Whirlpool Corporation, LG Electronics Inc., Koninklijke Philips N.V, Daewoo Electronics Corporation, Sub-Zero Group, Inc., Smeg S.p.A, Panasonic corporation and others
Market Value (2023)	USD 17.65 Billion

Also, safety & precision are contributing to the growing popularity of induction cooktops in the global market. Induction cooktops offer precise temperature control, allowing users to set specific heat levels for their cooking needs, resulting in consistent and even cooking. This enhances the quality of the prepared dishes and minimizes the risk of overcooking or burning food, which enhances the demand for induction cooktops in the market.

Additionally, automatic shut-off features further enhance safety by reducing the risk of accidents. If the cookware is removed from the cooktop or a pan is left unattended, the induction cooktop can automatically turn off, preventing potential hazards such as burnt food, overheating, and fires. This safety aspect is especially appealing to families with young children and individuals concerned about kitchen safety.

As consumers increasingly prioritize safety, efficiency, and precision in their kitchens, the demand for induction cooktops continues to grow. Due to this, manufacturers are continually improving and innovating their products to meet these needs, ensuring that induction cooktops maintain a strong presence in the modern kitchen appliance market.

Global Induction Cooktops Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Induction Cooktops Market Trends & Insights
Global Induction Cooktops Market Dynamics
1. Drivers
2. Challenges
Global Induction Cooktops Market Hotspot & Opportunities
Global Induction Cooktops Market Policies, Regulations, and Product Standards
Global Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type
    1. Free-standing (Portable) - Market Size & Forecast 2019-2030F, USD Million
    2. Integrated (Built-in)- Market Size & Forecast 2019-2030F, USD Million
  2. By Application
    1. Household- Market Size & Forecast 2019-2030F, USD Million
    2. Commercial- Market Size & Forecast 2019-2030F, USD Million
  3. By Style
    1. Multi-element- Market Size & Forecast 2019-2030F, USD Million
    2. Single-element- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel
    1. Hypermarkets/Supermarkets- Market Size & Forecast 2019-2030F, USD Million
    2. Specialty Stores- Market Size & Forecast 2019-2030F, USD Million
    3. Online- Market Size & Forecast 2019-2030F, USD Million
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  6. By Competition
    1. Market Share of Top Companies
    2. Competition Characteristics
North America Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
  2. By Application- Market Size & Forecast 2019-2030F, USD Million
  3. By Style- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
4. Canada Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
5. Mexico Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
South America Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
  2. By Application- Market Size & Forecast 2019-2030F, USD Million
  3. By Style- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
4. Argentina Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
Europe Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
  2. By Application- Market Size & Forecast 2019-2030F, USD Million
  3. By Style- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
  5. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
4. The UK Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
5. France Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
6. Italy Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
7. Spain Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
The Middle East & Africa Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
  2. By Application- Market Size & Forecast 2019-2030F, USD Million
  3. By Style- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
  5. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of the Middle East & Africa
3. Saudi Arabia Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
4. The UAE Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
5. South Africa Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
Asia-Pacific Induction Cooktops Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
  2. By Application- Market Size & Forecast 2019-2030F, USD Million
  3. By Style- Market Size & Forecast 2019-2030F, USD Million
  4. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
  5. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
4. India Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
5. Japan Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
6. South Korea Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
7. Australia Induction Cooktops Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Product Type- Market Size & Forecast 2019-2030F, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
Global Induction Cooktops Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Eurodib
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Inalsa
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Haier Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Cal-Mil
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Bajaj Electricals
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Avantco Equipment
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Miele Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Robert Bosch Gmbh
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Whirlpool Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. LG Electronics Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Koninklijke Philips N.V.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Daewoo Electronics Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Panasonic Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Sub-Zero Group, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Smeg S.p.A
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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