Global Induction Cooktop Market Outlook, 2028

Global Induction Cooktop Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Bajaj Electricals Limited
  • 2. TTK Prestige Limited
  • 3. Haier Appliances (India) Private Limited
  • 4. Midea Group Co Limited
  • 5. Panasonic Corporation
  • 6. Samsung Electronics Co., Limited
  • 7. Stovekraft Private Limited
  • 8. Faber S.P.A
  • 9. Koninklijke Philips
  • More...

Induction cooktops, often known as induction hobs, use induction technology to generate an electromagnetic field and transfer heat directly to the bottom of a metal pot. These ferrous metal vessels must be composed of cast iron or steel. Instead of heating the bottom of the cooking vessel with a flame or an electric heating element, the cooking pan or vessel is heated by a magnetic field. Induction cooktops allow precise and near-instantaneous temperature control, as opposed to regular electric cooktops, which are slower to respond to temperature changes. Furthermore, since disposable income has increased globally, people are buying several homes or having multiple kitchens in larger homes. This will help the market develop in countries like India; LPG rates have been steadily rising, affected by international prices and the value of the rupee against the dollar.

According to the research report, "Global Induction Cooktop Market Outlook, 2028," published by Bonafide Research, the market is anticipated to reach USD 35.91 Billion, increasing from USD 22.40 Billion in 2022 and registering a CAGR of 8.34%. One of the most appealing qualities of induction cooktops is their energy economy. When compared to electric and gas cooktops, induction cooktops are one of the most energy-efficient appliances since the energy consumed is transferred to the food. Buyers will enjoy that these cooktops consume less energy, which is healthier for the environment and may potentially reduce power bills. And, when it comes to residences, more potential buyers are putting energy efficiency at the top of their wish list, with buyers finding it a highly desired feature. As a result, changing LPG stoves to induction stoves could be one of the policy solutions employed by governments around the world to achieve energy sustainability and reduce carbon emissions. Several technological improvements, such as kitchen appliance manufacturers replacing antiquated mechanical controls and displays with touch technology to minimise dependability and after-sale costs, will drive market expansion. Touch screens with huge images are also gaining popularity. Consumers are projected to acquire technology-driven kitchen devices due to constantly changing work and family routines, greater need for eco-friendly products, and more inexpensive electricity accessibility.

Induction Cooktop Market

The increasing demand for induction cooktops for home cooking is one of the primary reasons driving the growth of the worldwide induction cooktops market. According to a study of 1,005 people published in the Brazilian Journal of Nutrition, more than half of the participants said they cooked more frequently after the pandemic than before; 50% said they felt more confident in the kitchen, 73% said they enjoyed cooking, and 51% said they planned to continue cooking at home after the pandemic. Induction cooktops are also growing in popularity due to rising energy consumption and cheap operating costs. According to the IOP Conference Series Materials Science and Engineering, for example, electrical energy already dominates home energy demand, which is anticipated to increase about 50% by 2050. Induction stoves (74.03%), normal electric stoves (56.29%), and LPG stoves (38.55%) were tested for energy efficiency. Induction cooktops were discovered to be handier and energy efficient. Induction stoves use less energy and cost less to operate than typical electric and LPG burners. The induction stove exceeds the competitors even in terms of carbon emissions.
On the basis of product type, the market has been segmented into built-in and free-standing. In terms of value, the built-in product segment is leading the market with a share of 52.91% in 2022. The market is being driven by an increase in the number of residential and commercial development projects. Because of the technology's intrinsic benefits, more chefs and manufacturers are marketing induction to building professionals and consumers. Induction technology is more efficient than traditional electric and gas-powered technology. The contents of the heated pots and pans are heated efficiently through conduction and convection.

The market has been divided into two segments based on application: residential and commercial. In 2022, the household sector led the global market with a revenue share of more than 63%. With a number of new home development projects underway, demand for induction cooktops is projected to increase. In the past, the steady transition away from gas cooktops benefited the market, and an increasing number of consumers are interested in installing induction cooktops in their homes or large-scale residential projects. This is owing to increased understanding of its advantages over gas cooktops. Over the projected period, the commercial category is expected to grow faster, with a CAGR of 9.10%. Non-residential structures, such as restaurants or hotels, also make extensive use of induction cooktops.

In terms of Distribution Channel, the specialty retailers segment had the highest revenue share of more than 61% in 2022. From 2023 to 2028, the online category is predicted to grow at the fastest CAGR rate of 12%. The global household induction cooktops market is expanding due to developments in internet marketing and an increase in the usage of digital media for product promotion. Increased acceptance of technologically innovative and high-tech items is likely to fuel the rise of kitchen appliance e-commerce websites, propelling the domestic induction cooktop market.

Europe was the largest regional market in 2022, accounting for more than 33% of total revenue. Asia Pacific, on the other hand, is expected to have the highest CAGR of 9.89% from 2023 to 2028. Growing urbanization and higher consumer buying power in Asia Pacific are expected to drive market expansion. The presence of global consumer induction cooktop producers in the region further aids market expansion. Furthermore, changing lifestyles and increased preferences for modern appliances contribute to market growth.

However, the setup cost of induction cooktops and price variability throughout the market may stymie market expansion. Despite this, advanced features such as improved energy efficiency, compact designs, and effective safety management, as well as the creation of unique and less priced induction cooktops, may create new opportunities for the worldwide induction cooktops market to grow further.

Recent Development: In September 2021, Samsung launched the 30" Smart Induction Built-in Cooktop with Wi-Fi. The product will help families prepare meals of any size by offering faster, more precise cooking performance.

Covid-19 Impact:
The persisting COVID-19 pandemic had an impact on the global household induction cooktops market. Consumer electronics demand had been affected by the closure of firms and the cessation of economic activities. Furthermore, China, as one of the biggest manufacturers of electronic components and the hub of the viral spread, caused supply chain and international trade disruptions, limiting market development. However, with normalization of day-to-day operations of the key players with ease in rules & regulations set by governments of different countries is expected to boost the market during the forecast period.

Major Companies present in the market:
Electrolux AB, Robert Bosch GmbH, LG Electronics, Inc., Panasonic Corporation, Midea Group, Haier Smart Home Co. Ltd., Whirlpool Corporation, Koninklijke, Philips N.V., Samsung Electronics Co. Ltd, Miele, Sub-Zero Group, Inc., Bajaj Electricals Limited, Smeg S.p.A, TTK Prestige Ltd., The Vollrath Company, Somany Home Innovation Limited (SHIL), Faber S.p.A, Stovekraft , Menu System, Summit Appliance

Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Global Induction Cooktop market with its value and forecast along with its segments
• Region-wise Induction Cooktop market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

By Product Type:
• Built-In
• Freestanding

By Application:
• Residential
• Commercial

By Distribution Channel:
• Specialty Store
• Hypermarkets & Supermarkets
• Online
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The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.




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Companies Mentioned

  • Bajaj Electricals Limited
  • TTK Prestige Limited
  • Haier Appliances (India) Private Limited
  • Midea Group Co Limited
  • Panasonic Corporation
  • Samsung Electronics Co., Limited
  • Stovekraft Private Limited
  • Faber S.P.A
  • Koninklijke Philips
  • Miele
  • LG Electronic
  • Robert Bosch GmbH
  • Whirlpool Corporation
  • Electrolux
  • Sub-Zero Group, Inc.
  • Smeg S.p.A
  • The Vollrath Company
  • Somany Home Innovation Limited (SHIL)
  • Menu System
  • Summit Appliance

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers
  • 2.2. Challenges
  • 2.3. Opportunity
  • 2.4. Restraints
  • 2.5. Market Trends
  • 2.6. Covid-19 Effect
  • 2.7. Supply chain Analysis
  • 2.8. Policy & Regulatory Framework
  • 2.9. Industry Experts Views
  • 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. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Competitive Landscape
  • 6.1. Competitive Dashboard
  • 6.2. Business Strategies Adopted by Key Players
  • 6.3. Key Players Market Share Insights and Analysis, 2022
  • 6.4. Key Players Market Positioning Matrix
  • 6.5. Consolidated SWOT Analysis of Key Players
  • 6.6. Porter's Five Forces
  • 7. Global Induction Cooktop Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Size and Forecast, By Geography
  • 7.3. Market Size and Forecast, By Product Type
  • 7.4. Market Size and Forecast, By Application
  • 7.5. Market Size and Forecast, By Distribution Channel
  • 8. North America Induction Cooktop Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast By Product Type
  • 8.4. Market Size and Forecast By Application
  • 8.5. Market Size and Forecast By Distribution Channel
  • 8.6. US Induction Cooktop Market Outlook
  • 8.6.1. Market Size By Value
  • 8.6.2. Market Size and Forecast By Product Type
  • 8.6.3. Market Size and Forecast By Application
  • 8.6.4. Market Size and Forecast By Distribution Channel
  • 8.7. Canada Induction Cooktop Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Product Type
  • 8.7.3. Market Size and Forecast By Application
  • 8.7.4. Market Size and Forecast By Distribution Channel
  • 8.8. Mexico Induction Cooktop Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Product Type
  • 8.8.3. Market Size and Forecast By Application
  • 8.8.4. Market Size and Forecast By Distribution Channel
  • 9. Europe Induction Cooktop Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast By Product Type
  • 9.4. Market Size and Forecast By Application
  • 9.5. Market Size and Forecast By Distribution Channel
  • 9.6. Germany Induction Cooktop Market Outlook
  • 9.6.1. Market Size By Value
  • 9.6.2. Market Size and Forecast By Product Type
  • 9.6.3. Market Size and Forecast By Application
  • 9.6.4. Market Size and Forecast By Distribution Channel
  • 9.7. UK Induction Cooktop Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Product Type
  • 9.7.3. Market Size and Forecast By Application
  • 9.7.4. Market Size and Forecast By Distribution Channel
  • 9.8. France Induction Cooktop Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Product Type
  • 9.8.3. Market Size and Forecast By Application
  • 9.8.4. Market Size and Forecast By Distribution Channel
  • 9.9. Italy Induction Cooktop Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Product Type
  • 9.9.3. Market Size and Forecast By Application
  • 9.9.4. Market Size and Forecast By Distribution Channel
  • 9.10. Spain Induction Cooktop Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Product Type
  • 9.10.3. Market Size and Forecast By Application
  • 9.10.4. Market Size and Forecast By Distribution Channel
  • 9.11. Russia Induction Cooktop Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Product Type
  • 9.11.3. Market Size and Forecast By Application
  • 9.11.4. Market Size and Forecast By Distribution Channel
  • 10. Asia-Pacific Induction Cooktop Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast By Product Type
  • 10.4. Market Size and Forecast By Application
  • 10.5. Market Size and Forecast By Distribution Channel
  • 10.6. China Induction Cooktop Market Outlook
  • 10.6.1. Market Size By Value
  • 10.6.2. Market Size and Forecast By Product Type
  • 10.6.3. Market Size and Forecast By Application
  • 10.6.4. Market Size and Forecast By Distribution Channel
  • 10.7. Japan Induction Cooktop Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Product Type
  • 10.7.3. Market Size and Forecast By Application
  • 10.7.4. Market Size and Forecast By Distribution Channel
  • 10.8. India Induction Cooktop Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Product Type
  • 10.8.3. Market Size and Forecast By Application
  • 10.8.4. Market Size and Forecast By Distribution Channel
  • 10.9. Australia Induction Cooktop Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Product Type
  • 10.9.3. Market Size and Forecast By Application
  • 10.9.4. Market Size and Forecast By Distribution Channel
  • 10.10. South Korea Induction Cooktop Market Outlook
  • 10.10.1. Market Size By Value
  • 10.10.2. Market Size and Forecast By Product Type
  • 10.10.3. Market Size and Forecast By Application
  • 10.10.4. Market Size and Forecast By Distribution Channel
  • 11. South America Induction Cooktop Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast By Product Type
  • 11.4. Market Size and Forecast By Application
  • 11.5. Market Size and Forecast By Distribution Channel
  • 11.6. Brazil Induction Cooktop Market Outlook
  • 11.6.1. Market Size By Value
  • 11.6.2. Market Size and Forecast By Product Type
  • 11.6.3. Market Size and Forecast By Application
  • 11.6.4. Market Size and Forecast By Distribution Channel
  • 11.7. Argentina Induction Cooktop Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Product Type
  • 11.7.3. Market Size and Forecast By Application
  • 11.7.4. Market Size and Forecast By Distribution Channel
  • 11.8. Colombia Induction Cooktop Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Product Type
  • 11.8.3. Market Size and Forecast By Application
  • 11.8.4. Market Size and Forecast By Distribution Channel
  • 12. Middle East & Africa Induction Cooktop Market Outlook
  • 12.1. Market Size By Value
  • 12.2. Market Share By Country
  • 12.3. Market Size and Forecast By Product Type
  • 12.4. Market Size and Forecast By Application
  • 12.5. Market Size and Forecast By Distribution Channel
  • 12.6. UAE Induction Cooktop Market Outlook
  • 12.6.1. Market Size By Value
  • 12.6.2. Market Size and Forecast By Product Type
  • 12.6.3. Market Size and Forecast By Application
  • 12.6.4. Market Size and Forecast By Distribution Channel
  • 12.7. Saudi Arabia Induction Cooktop Market Outlook
  • 12.7.1. Market Size By Value
  • 12.7.2. Market Size and Forecast By Product Type
  • 12.7.3. Market Size and Forecast By Application
  • 12.7.4. Market Size and Forecast By Distribution Channel
  • 12.8. South Africa Induction Cooktop Market Outlook
  • 12.8.1. Market Size By Value
  • 12.8.2. Market Size and Forecast By Product Type
  • 12.8.3. Market Size and Forecast By Application
  • 12.8.4. Market Size and Forecast By Distribution Channel
  • 13. Company Profile
  • 13.1. Electrolux AB
  • 13.1.1. Company Snapshot
  • 13.1.2. Company Overview
  • 13.1.3. Financial Highlights
  • 13.1.4. Geographic Insights
  • 13.1.5. Business Segment & Performance
  • 13.1.6. Product Portfolio
  • 13.1.7. Key Executives
  • 13.1.8. Strategic Moves & Developments
  • 13.2. Robert Bosch GmbH
  • 13.3. LG Electronics Inc.
  • 13.4. Panasonic Corporation
  • 13.5. Midea Group
  • 13.6. Haier Smart Home Co. Ltd.
  • 13.7. Whirlpool Corporation
  • 13.8. Koninklijke Philips N.V.
  • 13.9. Samsung Electronics Co. Ltd
  • 13.10. Miele
  • 13.11. Sub-Zero Group, Inc.
  • 13.12. Bajaj Electricals Limited
  • 13.13. Smeg S.p.A
  • 13.14. TTK Group
  • 13.15. The Vollrath Company
  • 13.16. Somany Home Innovation Limited (SHIL)
  • 13.17. Faber S.p.A
  • 13.18. Stovekraft
  • 13.19. Menu System
  • 13.20. Summit Appliance
  • 14. Strategic Recommendations
  • 15. Annexure
  • 15.1. FAQ`s
  • 15.2. Notes
  • 15.3. Related Reports
  • 16. Disclaimer

List of Table
Table 1: Global Induction Cooktop Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Influencing Factors for Global Induction Cooktop Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Induction Cooktop Market Size and Forecast, By Geography (2017 to 2028F) (In USD Billion)
Table 7: Global Induction Cooktop Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Billion)
Table 8: Global Induction Cooktop Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 9: Global Induction Cooktop Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 10: North America Induction Cooktop Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 11: North America Induction Cooktop Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 12: North America Induction Cooktop Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 13: US Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 14: US Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 15: US Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 16: Canada Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 17: Canada Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 18: Canada Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 19: Mexico Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 20: Mexico Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 21: Mexico Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 22: Europe Induction Cooktop Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 23: Europe Induction Cooktop Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 24: Europe Induction Cooktop Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 25: Germany Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 26: Germany Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 27: Germany Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 28: UK Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 29: UK Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 30: UK Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 31: France Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 32: France Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 33: France Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 34: Italy Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 35: Italy Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 36: Italy Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 37: Spain Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 38: Spain Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 39: Spain Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 40: Russia Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 41: Russia Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 42: Russia Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 43: Asia-Pacific Induction Cooktop Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 44: Asia-Pacific Induction Cooktop Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 45: Asia-Pacific Induction Cooktop Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 46: China Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 47: China Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 48: China Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 49: Japan Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 50: Japan Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 51: Japan Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 52: India Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 53: India Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 54: India Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 55: Australia Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 56: Australia Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 57: Australia Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 58: South Korea Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 59: South Korea Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 60: South Korea Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 61: South America Induction Cooktop Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 62: South America Induction Cooktop Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 63: South America Induction Cooktop Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 64: Brazil Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 65: Brazil Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 66: Brazil Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 67: Argentina Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 68: Argentina Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 69: Argentina Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 70: Colombia Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 71: Colombia Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 72: Colombia Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 73: Middle East & Africa Induction Cooktop Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 74: Middle East & Africa Induction Cooktop Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 75: Middle East & Africa Induction Cooktop Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 76: UAE Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 77: UAE Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 78: UAE Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 79: Saudi Arabia Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 80: Saudi Arabia Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 81: Saudi Arabia Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 82: South Africa Induction Cooktop Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 83: South Africa Induction Cooktop Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 84: South Africa Induction Cooktop Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)

List of Figures
Figure 1: Global Induction Cooktop Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global Induction Cooktop Market
Figure 7: Global Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 8: Global Induction Cooktop Market Share By Region (2022)
Figure 9: North America Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: North America Induction Cooktop Market Share By Country (2022)
Figure 11: US Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: Canada Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Mexico Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 14: Europe Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 15: Europe Induction Cooktop Market Share By Country (2022)
Figure 16: Germany Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 17: UK Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 18: France Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 19: Italy Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 20: Spain Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 21: Russia Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 22: Asia-Pacific Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 23: Asia-Pacific Induction Cooktop Market Share By Country (2022)
Figure 24: China Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 25: Japan Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 26: India Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 27: Australia Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 28: South Korea Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 29: South America Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 30: South America Induction Cooktop Market Share By Country (2022)
Figure 31: Brazil Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 32: Argentina Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 33: Columbia Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 34: Middle East & Africa Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 35: Middle East & Africa Induction Cooktop Market Share By Country (2022)
Figure 36: UAE Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 37: Saudi Arabia Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 38: South Africa Induction Cooktop Market Size By Value (2017, 2022 & 2028F) (in USD Billion)

Market Research FAQs

An induction cooktop is a special type of electric cooktop that gets its power and precision from induction technology. This means 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. It works.

The Global induction cooktop market is projected to grow at 8.34% during the forecast period of 2023 to 2028.

The key players operating in the Induction Cooktop market include Electrolux AB, Robert Bosch GmbH, LG Electronics, Inc., Panasonic Corporation, Midea Group, Haier Smart Home Co. Ltd., Whirlpool Corporation, Koninklijke, Philips N.V., Samsung Electronics Co. Ltd, Miele, Sub-Zero Group, Inc., Bajaj Electricals Limited, Smeg S.p.A, TTK Prestige Ltd., The Vollrath Company, Somany Home Innovation Limited (SHIL), Faber S.p.A, Stovekraft , Menu System, Summit Appliance

Asia Pacific is expected to grow at a significant CAGR of 9.89% during the forecast period.

The Projected market size of the Global Induction Cooktop market by 2028 is USD 35.91 Billion.

Residential segment holds the largest market share of more than 63% in Global Induction Cooktop Market in 2022.
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Global Induction Cooktop Market Outlook, 2028

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