Induction Cooktops Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Induction Cooktops Market size was valued at USD 9.03 Billion in 2023 and is predicted to reach USD 14.75 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.60% during the forecast period. The report analyzes the global Induction Cooktops Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Induction Cooktops Market industry.

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Induction Cooktops Market: Overview

The induction cooktop is one of the sophisticated technological innovations used in the cooking of food in an effortless and efficient manner. It works on electricity and is extremely safe to use. An induction cooktop uses an electromagnetic field to produce heat and directly transmit it to the base of the vessel. The metal vessel must be steel or cast iron. Induction cooktops are energy efficient and help in fast cooking of the food as compared to other traditional cooking appliances. They are durable, strong, and very easy to clean since they are made of ceramic or glass cooktops.

Induction Cooktops Market: Facts

In the past years, black glass-ceramic was the choice of the material for the induction cooktops. It limited the aesthetics of the designs. But now transparent glass-ceramic cooktops are available in the market which enhances the surface of the cooking and provides a wide range of styles and colors for the designers.

Induction Cooktops Market: Segmentation

The global induction cooktop market is segmented into the product type, size, surface, power, distribution channel, and application.

On the basis of product type, the market is divided into integrated induction cooktop and free standing induction cooktop.

Based on size, the market is segregated into large, medium, and small sized induction cooktop.

On the basis of the surface, the market is classified into concave surface and flat surface.

Based on power, the market is categorized into more than 10 KW, between 5 KW–10 KW and less the 5 KW.

On the basis of the distribution channel, the market is divided into online stores, specialty stores, supermarkets, and others.

Based on application, the market is classified into commercial and household applications.

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Induction Cooktops Market: Growth Factors

Rising awareness among the people to choose kitchen appliances which are energy efficient along with enhanced safety features and rapid urbanization are the chief driving factors for the induction cooktops market. In addition to that, due to the absence of open flames, induction cooktops are comparatively safer than LPG cylinders. These factors are boosting the market demand for induction cooktops. However, high costs and limited choice in the vessels while cooking on an induction cooktop may hamper the market growth.

Induction Cooktops Market : Report Scope

Induction Cooktops Market: Regional Analysis

Europe is the leading shareholder in the global induction cooktops market. Countries in Europe such as Germany, the U.K, Spain, Russia, Poland, Italy, and France are at the forefront of the market demand. Growth in the Asia Pacific market is seen to be rapidly increasing owing to the rapid urbanization and rising disposable incomes that leads to the increase in sales of induction cooktops majorly in China and India.

Induction Cooktops Market: Competitive Players

Some of the major companies in the induction cooktops market include:

• Alluserv
• Avantco Equipment
• Eurodib
• APW Wyott
• Inalsa
• Bajaj Electricals
• Stovekraft
• Philips India
• Panasonic
• TTK Prestige Ltd.
• Haier Group
• LG Electronics
• Vollrath
• Hatco
• Bon Chef
• Waring
• Cal-Mil
• Globe.

The Global Induction Cooktops Market is segmented as follows:

By Product type 

• integrated induction cooktop 
• free standing induction cooktop

By Size 

• large
• medium
• small sized induction cooktop 

By Surface 

• concave surface 
• flat surface

By power 

• more than 10 KW
• between 5 KW–10 KW
• less the 5 KW 

By Distribution channel 

• online stores 
• specialty stores
• supermarkets
• and others 

By Application 

• commercial
• household applications

Induction Cooktops Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.