The global induction cooktop market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. These cooktops are inbuilt with multiple advanced features which give them an edge over the other available cooktop options such as gas cooktops, electric cooktops, and others. These inbuilt features provide several benefits which have fueled up the market, and out of these benefits, five are the most interesting for the consumers, which includes-
- Precise Temperature Control- The induction cooktop comes with a temperature control panel which helps the cook to set the temperature as per convenience for the food. While electric cooktops do not provide such control and take more time to heat up and cool down, the gas cooktop also does not have precise temperature control.
- Timer- Induction cooktop also provides a timer that can automatically switch off as the time duration is completed. It helps the cook not to worry about the overcooking or undercooking of the food and do other things. While electric cooktop offers a timer option but does not switch off automatically, and the gas cooktop does not provide such a feature.
- Heat Efficiency- The induction cooktop can automatically detect magnetic cookware when it’s placed on the cooktop surface, and transfer heat directly to the cookware via an electromagnetic field located below the glass-ceramic cooktop. It does not heat up the burner like other cooktop does and increases heat efficiency.
- Safer than Others- These cooktops are highly safer than others since it requires cookware on the surface to switch on, it heats up and cool down quicker, it does not dissipate heat to the uncovered surface, and its control can be locked in kids.
- Better for the Planet- U.S. Department of Energy tested the energy efficiencies of four conventional cooking tops in which induction came out on top with 73.59 percent. This indicates that an induction cooktop is better for the environment. In July 2019, in a first for California and the nation, Berkeley, CA, City Council passed an ordinance for new buildings to be built all-electric which meant no gas cooktops to be installed in new buildings in efforts for a better environment.
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Market Coverage
- The market number available for – 2021-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including AB Electrolux, LG Electronics Inc., Philips International B.V., SMEG S.p.A., Whirlpool Corp., and others.
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Induction Cooktop Market Report Segment
By Type
- Built-In
- Free-Standing
By Application
- Household
- Commercial
By Distribution Channel
- Online
- Offline
Induction Cooktop Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bajaj Electricals Ltd.
- Butterfly Gandhimathi Appliances Ltd.
- De’Longhi Group (Kenwood)
- Fisher & Paykel (Singapore) Pte Ltd.
- Glen Appliances Pvt. Ltd.
- Miele India Pvt. Ltd.
- Morphy Richards India
- Robert Bosch GmbH
- Stovekraft Ltd.
- Sub Zero Wolf
- TTK Prestige Ltd.
- Tuareg Marketing Pvt. Ltd. (INALSA)
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