Global induction cookware market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2024-2031). The availability of a comprehensive range of induction cookware to select from along with high LPG fuel prices is a key factor driving the global market. Increased technological advancements, safety features and magnetic compatibility has further boosted the induction market globally.
For instance, In March 2023, GE Appliances (GEA), a Haier company, launched new induction cooktop lineup. Offering features like precision temperature control and guided cooking. It utilizes electromagnetic currents which directly heat the cookware, instead of first heating the cooktop surface making efficient heatingand an easier to clean surface.
Further, in October 2022, Hestan launched new induction products in new ranges and range tops for all electric kitchen. Precision temperature control with chef-grade power all with a smaller carbon footprint the new Ranges and Rangetops are launched in 30” and 36” models, and the 36” Range has already been given a 2022 TWICE VIP Award.Highly potent and energy-conserving induction burners channel heat exclusively to the area directly beneath the cookware by utilizing a direct magnetic response, giving precise temperature control it provides consistent cooking and prevents energy waste.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product
- By Material
- By Application
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Analon.com, BSH Household Appliances Manufacturing Private Limited, Bajaj Electricals Limited and Subsidiaries, Chantal Cookware, Havells Group, Philips Domestic Appliances India Ltd., and Usha International Limited among others.
Induction Cookware Market Report Segment
By Product
- Pans
- Stockpot
- Dutch Oven
- Others (Cooker)
By Material
- Stainless Steel
- Cast Iron
- Carbon Steel
By Application
- Residential
- Commercial
By Distribution Channel
- Supermarket/ Hypermarket
- Specialty Stores
- Online
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Induction Cookwares 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
- Anolon.com
- Bajaj Electricals Limited and Subsidiaries
- Chantal Cookware
- Havells Group
- KitchenAid.
- Philips Domestic Appliances India Ltd.
- Tefal.
- Usha International Limited
- Viking Range, LLC
- Whirlpool Corporation
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