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.
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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