Global Household Induction Cooktops
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
• The global air conditioning system market will expand significantly by XX% CAGR between 2024 and 2031.
• The free standing type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years.
• The sector has seen a transformation in indirect sales with the rise of e-commerce and online marketplaces
• North America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Application |
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Market Split by Distribution channel |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Household Induction Cooktops industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Household Induction Cooktops Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
With increased disposable income levels and urbanization, individuals turned to a more comfortable lifestyle, which boosted the market. An induction cooktop is a great option for faster cooking, It generates energy from an electromagnetic field below the glass cooktop surface, which then transfers current directly to magnetic cookware, causing it to heat up.
Additionally, the household induction cooktops market has experienced significant growth in the last few years due to various factors such as technological advancements, increasing consumer preference for energy-efficient appliances, and the growing popularity of induction cooking. Companies like- Whirlpool, Electrolux, and Philips are some of the major producers in the global induction cooktops market. They more focus on innovation and smart technology to expand the market presence. Hence, growing awareness about energy-efficient appliances drives the market for household induction cooktops.
With the increasing environmental consciousness and sustainability concerns, the adoption of energy-efficient appliances has been gaining among consumers across various industries. Buyers will appreciate that these cooktops use less energy, which is better for the climate and could even lower electric bills. And more potential buyers are putting energy efficiency at the top of their wish lists when it comes to homes, with buyers considering it a key desirable feature.
For instance- The U.S. Environmental Protection Agency (EPA) recognized Residential Induction Cooking Tops as the ENERGY STAR Emerging Technology Award for 2021-2022. According to ENERGY STAR, “The per-unit efficiency of induction Cooking Tops is about 5-10% more efficient than conventional electric resistance units and about 3 times more efficient than gas.” (source:https://www.efficiencyvermont.com/blog/how-to/induction-a-safer-and-more-environmentally-friendly-kitchen-upgrade)
Additionally, the ongoing trend of urbanization, coupled with changing lifestyles, has had a profound impact on kitchen spaces and cooking habits. As more individuals and families migrate to urban centers, smaller living spaces have become the norm. this transition has led to a surge in demand for compact and space-saving appliances that do not compromise functionality. Hence, the sales of built-in induction cooktops have also witnessed a notable uptick, driven by the integration of these appliances into modern kitchen design.
Induction cooking is very different from conventional gas or electric cooking and only certain types of pans will work on an induction cooktop or burner. Induction stoves require magnetic materials like stainless steel, while electric stoves can either heat through coils or a smooth-top surface. Stainless steel's compatibility with induction, electric, and gas stoves makes it a versatile option. For cooktops and portable countertop hobs, there are affordable options, but for full-sized ranges, the majority of available models are in the higher price ranges,” said Noah Cordoba, who analyses kitchen electrification at the Building Decarbonization Coalition.
While an induction cooker can provide numerous ways to cook and make recipes, a microwave oven can cook food easily and conveniently. Growing preference for ovens/microwaves is a major factor hampering the demand for the product. Ovens and microwaves offer various benefits like convenience and time efficiency, which causes consumers to prefer them as compared to induction stoves. Also, the growing trend of dining outside is another major factor restricting the market growth of household induction cooktops. Also, microwaves are easy to set up in the home but induction cooktop can pose infrastructure-related difficulties. For example, certain models could require certain electrical circuits, which in older homes might mean rewiring and electrical adjustments. This installation's complexity may turn off potential purchasers unwilling to invest in infrastructural modifications.
The growing adoption of innovative smart kitchen appliances has been contributing to the growth of the household induction cooktops market. Automation and automatic operation of household kitchen appliances are in high demand among customers in developing nations. Busy lifestyles and sophistication in daily life activities are the two key factors leading to the adoption of automated induction cooktops. The rise in several working professionals has led to time constraints for performing routine tasks, which has in turn increased the demand for induction cooktops.
For instance- The Collaboration Will Bring Limitless Design Opportunities to JennAir and KitchenAid Cooktops in 2025 Whirlpool Corporation and BORA share the belief that the kitchen is the hub of the home and is a space that should be redesigned through a lens that pushes. (source:https://www.whirlpoolcorp.com/whirlpool-corporation-and-bora-introduce-revolutionary-induction-downdraft-cooktop-technology-to-north-america/)
For instance- Thermador, the iconic American luxury home appliance brand, is taking induction cooking to the next level with the launch of the Pro Harmony Liberty Induction Range – combining new Thermador-exclusive induction features with the power and performance of a convection oven. (source:https://www.bsh-group.com/us/press/press-releases/thermador-takes-induction-cooking-to-the-next-level)
Moreover, collaboration with culinary influencers and renowned chefs can elevate brand visibility and consumer trust. Hosting interactive cooking sessions, recipe collaboration, and endorsing specific induction cooktop models can enhance the brand's reputation and drive consumer engagement.
Recent developments-
• 9 Feb 2024, Eleven Samsung Cooking Products Receive ENERGY STAR Certifications. Samsung offers a sustained commitment to energy efficiency innovation, through its products, Samsung remains focused on being a sustainable partner and helping consumers reduce their energy consumption.
• March 28, 2023, GE APPLIANCES LAUNCHES NEW INDUCTION to expand our line-up of induction cooktops with best-in-class connected appliance features such as Precision Temperature and Guided Cooking that are raising the bar in the industry,” said Keith Larsen, Executive Director of Product Management for GE Appliances.
• Apr. 18, 2024, LG Electronics (LG) is unveiling its latest free zone induction hob presents next-level flexibility and ease of use, allowing users to place any size and type of cookware – such as Paella pans and moka pots – anywhere on its cooking surface. the AI technology embedded in the hob can detect the temperature of cookware and automatically lower the heat when necessary, helping to minimize spills and splatter when boiling water or preparing soups and sauces.
The household induction cooktop Market has experienced significant impacts as a result of the COVID-19 pandemic. The pandemic led to a lot of disruptions and commotions in the supply chains leading to postponements and delays in the manufacturing and distribution of the systems. Different disturbances like worldwide lockdowns, closing down factories, and restrictions on transportation impacted the availability of raw materials and types of equipment. The shutting down of businesses due to lockdown restrictions hampered the demand for consumer electronics.
Moreover, China being one of the major producers of electronic components and the epicenter of the virus outbreak has led to hindrances in the supply chain as well as international trade, which has negatively impacted market growth. Also, the reduced demand for induction cooktops by small cafes and restaurants, owing to the imposition of the lockdown has further hindered the demand for induction cooktops to some extent.
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The household induction cooktop market competitive landscape provides a detailed analysis of competitors. The detailed analysis includes company overview, company financial statements, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Top Companies Market Share in Household Induction Cooktops Industry: (In no particular order of Rank)
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According to Cognitive Research, the Europe region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future. In 2022, the Europe region acquired a significant revenue share in the market. This dominance can be attributed to various socio-economic and cultural factors prevalent in the region. Manufacturers and retailers have been actively promoting the benefits of induction cooking, leading to increased awareness among consumers in Europe.
North America is projected to grow at a CAGR of XX% over the period. The consumer base in North America exhibits a preference for quick, efficient, and sophisticated cooking solutions, with a keen focus on energy conservation and sustainability.
The current report Scope analyzes Household Induction Cooktops Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the North America household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Europe household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Asia Pacific household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the South America household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Middle East and Africa household induction cooktop Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
Global Household Induction Cooktops Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Household Induction Cooktops Industry growth. Household Induction Cooktops market has been segmented with the help of its Type, Application Distribution channel, and others. Household Induction Cooktops market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By type, the market is categorized into free-standing & portable, and built-in. In 2022, the free-standing category accounted for a significant portion of the market's revenue. Free-standing segments provide exceptional versatility in terms of positioning inside the kitchen. Users may place them on worktops, islands, or any other convenient spot, allowing for greater kitchen planning and design freedom. The growing number of individuals living in rental apartments or temporary lodgings has boosted demand for portable kitchen appliances.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Household Induction Cooktops Industry. Request a Free Sample PDF!
This report provides a comprehensive forecast of revenue growth for the Household Induction Cooktops industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Application segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Application segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Application of Household Induction Cooktops are:
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The market is divided into two segments based on the distribution channel: offline and online. In 2022, the offline sector had the largest revenue share in the market. Consumers can experience in-person product demos at offline retail stores. Potential consumers may view, touch, and try out the features of home induction cooktops firsthand. This tactile sensation frequently assists consumers in making more educated purchase selections, particularly when assessing the appliances' aesthetics, build quality, and user interface.
Senior Research Analyst at Cognitive Market Research
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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
With the help of the above study about the household induction market, it can be concluded that the market for household induction worldwide is expected to develop significantly soon. From the report, one can understand and infer the market dynamics, segmentations, status and trends, and key players in the market. It provides data regarding across various topics such as market dimensions, prevailing trends, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Built-in, Free-standing & Portable |
Application | Home Use, Commercial |
Distribution channel | online, offline. |
Conclusion | |
List of Competitors | LG Electronics Inc., Whirlpool Corporation, Koninklijke Philips N.V., TTK Prestige Ltd, Sub-Zero Group Inc., Philips, Miele Group, Panasonic, Midea, SUPOR, Galanz, Bosch, AB Electrolux, Fisher & Paykel Appliances Holdings Ltd., Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.) |
This chapter will help you gain GLOBAL Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review Global Household Induction Cooktops Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review North America Household Induction Cooktops Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review Europe Household Induction Cooktops Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review Asia Pacific Household Induction Cooktops Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review South America Household Induction Cooktops Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Household Induction Cooktops. Further deep in this chapter, you will be able to review Middle East and Africa Household Induction Cooktops Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Household Induction Cooktops. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution channel Analysis 2021 - 2033
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Chapter 13 Market Split by Conclusion Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Household Induction Cooktops market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Built-in have a significant impact on Household Induction Cooktops market? |
What are the key factors affecting the Built-in and Free-standing & Portable of Household Induction Cooktops Market? |
What is the CAGR/Growth Rate of Home Use during the forecast period? |
By type, which segment accounted for largest share of the global Household Induction Cooktops Market? |
Which region is expected to dominate the global Household Induction Cooktops Market within the forecast period? |
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