India Induction Cooktop & Electric Cooker Market Outlook, 2027-28

The enormous growth of induction cooktop and electric cooker market is formed by its functionality, technology, energy efficiency and aesthetics.

Featured Companies

  • 1. Bajaj Electricals Limited
  • 2. Butterfly Gandhimathi Appliances Limited
  • 3. TTK Prestige Limited
  • 4. Groupe SEB India Private Limited
  • 5. Havells India Limited
  • 6. Kitchen Appliances India Limited
  • More...

The recent research report by Bonafide Research – India Induction Cooktop & Electric Cooker Market Outlook, 2027-28 states that market grew historically at a growth rate of around 17% during the period 2016-17 to 2021-22. Further it is projected to grow rapidly over the forecast period. The report provides insights on the market, through market size by value & volume and market share by category, region, sales channel & company. Increasing awareness regarding safety has been attracting consumers towards advanced cooking appliances. The technology of the induction cooktop generates an electromagnetic field and transfer heat directly to the metal cookware that is made of ferrous metals such as steel and iron. An electric rice cooker is an electric appliance, having a non-stick coated inner removable bowl and insulated outer container. It boils the ingredients through heating using the electric element, available in either automatic or non-automatic variants.

Despite being costlier than the regular cookers, electric cookers are having an increase in demand in the country, due to factors such as rising disposable income, increasing urbanization, and rising awareness of using renewable energy products. The rise in fuel prices for conventional gas cooktops and growth in modular kitchens trends along with comfort and safety benefits to the users are the major factors that drive the induction cooktops market. There has been an increase in the adoption of induction cooktops accounted for more than 10 Million Units in the year 2020-21.

Electric cookers are equipped with innovative features, like timer and heat adjustment knobs, etc. Some of the other benefits of electric cookers include hassle-free cooking with no need for fire and are beneficial for consumers during travel and also for the ones staying in hostels. Classifying on basics of category, the electric cooker market can be divided into three segments- Up to 3L, 3L to 5.99L, and 6L and more. While the 3L to 5.99L category leads the market with more than half of the market share, the 6L capacity category is to grow with an anticipated higher growth rate. Multi-functionality and power efficiency are also some of the major trends in the electric cookers market. Many vendors are introducing multifunctional electric cookers with LCD displays and voice navigation for enhanced convenience.

Currently, induction cooktops are in high demand among working women and the urban population, to ease operations and benefits towards healthy cooking. The north and west regions together are expected to be contributing to nearly 60% of the market share by the end of the forecasted period. Leading players are introducing smart electric cookers with built-in Wi-Fi connectivity that allows users to control functions through a smartphone. The introduction of such smart premium features is helping simplifying customer engagement, which is expected to further drive the growth of the electric cookers market during the forecast period. The induction cooktop market is segmented into three categories- Up To 1599 W, 1600-1999 W, and 2000 W & more segments. The market is led by the Up to 1599W segment with a marginal difference from the following segment of 1600-1999 W.

Key Players mentioned in the report are: Butterfly Gandhimathi Appliances Limited, Preethi Kitchen Appliances Private Limited , Stovekraft Private Limited, TTK Prestige Limited, V-Guard Industries Limited, Whirlpool Of India Limited, Wonderchef Home Appliances Pvt. Ltd

“India Induction Cooktop & Electric Cooker Market Outlook, 2027-28” discusses the following aspects of induction cooktop and electric cookers in India:
The report gives an in-depth understanding of induction cooktop and electric cooker market in India:
- India Electric Kitchen Appliance Market Outlook
- India Induction Cooktop & Electric Cooker Market Outlook
- India Induction Cooktop & Electric Cooker Market Size By Value & Forecast
- India Induction Cooktop & Electric Cooker Market Size By Volume & Forecast
- India Induction Cooktop Market Size By Value & Forecast
- India Induction Cooktop Market Size By Volume & Forecast
- India Induction Cooktop Market Segmental Analysis: By Company, By Region, By City
- India Electric Cooker Market Size By Value & Forecast
- India Electric Cooker Market Size By Volume & Forecast
- India Electric Cooker Market Segmental Analysis: By Company
- Product, Price and Variant Analysis of Induction Cooktop & Electric Cooker
-The key vendors in this market space
- Competitive Landscape & Strategic Recommendations

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of induction cooktop and electric cooker in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Prashant Tiwari

Prashant Tiwari

Research Analyst

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Prashant Tiwari

Companies Mentioned

  • Bajaj Electricals Limited
  • Butterfly Gandhimathi Appliances Limited
  • TTK Prestige Limited
  • Groupe SEB India Private Limited
  • Havells India Limited
  • Kitchen Appliances India Limited
  • Panasonic India Private Limited
  • Philips India Limited
  • Preethi Kitchen Appliances Private Limited
  • Stovekraft Private Limited

Table of Contents

  • Table of content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Electric Kitchen Appliances Market Outlook
  • 4.1. Market Size
  • 4.1.1. By Value
  • 4.1.2. By Volume
  • 4.2. Market Share
  • 4.2.1. By Company
  • 4.2.2. By Product Type (Value & Volume)
  • 4.2.3. By Sales Channel
  • 4.2.4. By region
  • 5. India Induction Cooktop Market Outlook
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share
  • 5.2.1. By region
  • 5.2.2. By Sales Channel
  • 5.2.3. By Company
  • 5.2.4. By Category (Value & Volume)
  • 5.3. Product Price Variant Analysis
  • 6. India Electric Cooker Market Outlook
  • 6.1. Market Size
  • 6.1.1. By Value
  • 6.1.2. By Volume
  • 6.2. Market Share
  • 6.2.1. By region
  • 6.2.2. By Sales Channel
  • 6.2.3. By Company
  • 6.2.4. By Category
  • 6.3. Product Price Variant Analysis
  • 7. PEST Analysis
  • 8. Trade Dynamics
  • 8.1. Import
  • 8.2. Export
  • 9. Market Dynamics
  • 9.1. Market Drivers
  • 9.2. Challenges
  • 10. Market Trends & Developments
  • 10.1. Popularity of Modular Kitchen Among Middle-Class Consumers
  • 10.2. Consumers Swing Towards Western Cooking
  • 10.3. Growing Preference For Electrical Cooking Appliances
  • 10.4. Technological Up-gradation and Modernization to Spearhead Market Growth
  • 10.5. Surge in Number of Modern Retail Outlets
  • 11. Competitive Landscape
  • 11.1. Porter`s Five Forces
  • 11.2. Company Profile
  • 11.2.1. TTK Prestige Limited
  • 11.2.1.1. Company Snapshot
  • 11.2.1.2. Company Overview
  • 11.2.1.3. Financial Highlights
  • 11.2.1.4. Geographic Insights
  • 11.2.1.5. Bussiness Segment & Perfomance
  • 11.2.1.6. Product Portfolio
  • 11.2.1.7. Key Executives
  • 11.2.1.8. Strategic Moves & Developments
  • 11.2.2. Bajaj Electricals Limited
  • 11.2.3. Preethi Kitchen Appliances Limited
  • 11.2.4. Philips India Limited
  • 11.2.5. Stovekraft Pvt. Ltd.
  • 11.2.6. Panasonic India Pvt. Ltd.
  • 11.2.7. Groupe SEB India Pvt. Ltd.
  • 11.2.8. Havells India Limited
  • 11.2.9. Butterfly Gandhimathi Appliances Limited
  • 11.2.10. Kitchen Appliances India Limited
  • 12. Strategic Recommendation’s
  • 13. Disclaimer

List of Table
Table 1 : India Economic Snapshot 2020
Table 2: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 3: India Electric Kitchen Appliances Market Share - By Companies by Value In 2021-22
Table 4 : India Electric Kitchen Appliances Market Share - By Product Type by Value In 2016-17, 2021-22 & 2027-28F
Table 5: India Electric Kitchen Appliances Market Share - By Product Type by Volume In 2016-17, 2021-22 & 2027-28F
Table 6: India Induction Cooktop Market Share by Company (2021)
Table 7: India Electric Cooker Market Share by Company (2021)
Table 8: HS Code for Induction Cooktop & Electric Cooker Products in India 2021
Table 9: Import Duty Structure for HS Code XXXX in India 2021
Table 10: Import of HS Code XXXX in India Value & Volume (2016-17 to 2021-22)
Table 11: Import of HS Code XXXX in India - By Country by Value & Volume Share (2021-22)
Table 12: Export of HS Code XXXX in India Value & Volume (2016-17 to 2021-22)
Table 13: Export of HS Code XXXX in India By Country By Value & Volume Share (2021-22)
Table 14: Influencing Factors for India Induction Cooktop & Electric Cooker Market, 2021

List of Figure
Figure 1: India Population 2017-2021(In Crore)
Figure 2: India Induction Cooktop & Electric Cooker Market Size by Value 2016-17 to 2027-28F (in INR Crore)
Figure 3: India Induction Cooktop & Electric Cooker Market Size by Volume 2016-17 to 2027-28F (in Mn. Units)
Figure 4: India Electric Kitchen Appliances Market Share by Value, By Sales Channel, 2016-17, 2021-22 & 2027-28
Figure 5: India Electric Kitchen Appliances Market Share by Value, By Region, 2016-17, 2021-22 & 2027-28
Figure 6: India Induction Cooktop Market Size by Value 2016-17 to 2027-28F (in INR Crore)
Figure 7: India Induction Cooktop Market Size by Value 2016-17 to 2027-28F (in Mn. Units)
Figure 8: India Induction Cooktop Market Share by Value, By Region, 2016-17, 2021-22 & 2027-28
Figure 9: India Induction Cooktop Market Share by Value, By Sales Channel, 2016-17, 2021-22 & 2027-28
Figure 10: India Induction Cooktop Market Share by Value, By Category, 2016-17, 2021-22 & 2027-28
Figure 11: India Induction Cooktop Market Share by Volume, By Category, 2016-17, 2021-22 & 2027-28
Figure 12: India Induction Cooktop Market Size by Value 2016-17 to 2027-28F (in INR Crore)
Figure 13: India Induction Cooktop Market Size by Volume 2016-17 to 2027-28F (in Mn. Units)
Figure 14: India Electric Cooker Market Share by Value, By Region, 2016-17, 2021-22 & 2027-28
Figure 15: India Electric Cooker Market Share by Value, By Sales Channel, 2016-17, 2021-22 & 2027-28
Figure 16: India Electric Cooker Market Share by Volume, By Category, 2016-17, 2021-22 & 2027-28
Figure 17: Competitive Dashboard of top 5 players, 2021
Figure 18: Porter's Five Forces of India Induction Cooktop & Electric Cooker Market
Figure 19: Market attractiveness Index, By XXXX 2027
Figure 20: Market attractiveness Index, By Segment 2027

Feed Phosphate Market Research FAQs

Induction's sleek style fits into a modern kitchen design. The National Kitchen & Bath Association, one of the leading trade organizations in this space, shows induction surpassing electric cooktops in popularity and coming within three percentage points of gas in its 2021

The lifespan of an induction cooktop is measured in operating hours rather than years. Consumer-grade induction cooktops are usually manufactured to operate for 10,000 hours, while commercial-grade induction cooktops are manufactured to operate for 30,000 hours.

Induction cooktops are vulnerable due to a glass-ceramic surface on top which can break. It is strong but it is not metal. The surface is made up of durable glass-ceramic composite and doesn't normally break with regular day-to-day use. However, they can get scratched and even crack if used roughly.

As the electricity passes through the elements, they burn very hot and radiate intense, dry heat that causes the food to brown and toast. A toaster oven is slightly different, because the area for the food is enclosed, and there are generally more heating elements, allowing it to be used for fast countertop cooking

You can now leave your house without having to worry about a gas leak or worse setting your house on fire! The electric stove only heats a particular area that is necessary for cooking; otherwise, it's safe to touch in the remaining areas. If you have kids, then the safer option is unquestionably an electric stove.

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India Induction Cooktop & Electric Cooker Market Outlook, 2027-28

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