
Induction Cooktop Market
Induction Cooktop Market Forecasts to 2030 - Global Analysis by Product (Built-in and Free-standing), Power Rating, Distribution Channel, Application and By Geography

According to Stratistics MRC, the Global Induction Cooktop Market is accounted for $22,537.2 million in 2024 and is expected to reach $40,583.8 million by 2030 growing at a CAGR of 10.3% during the forecast period. An induction cooktop is a type of electric stove that uses electromagnetic energy to directly heat cooking vessels, such as pots and pans, rather than heating the cooktop itself. The cooktop contains an induction coil beneath a smooth surface, which generates a magnetic field when electricity passes through it. This magnetic field induces an electric current in the cookware, producing heat. The cookware must be ferrous (magnetic) to work with the induction system. Induction cooktops are known for their energy efficiency, rapid heating, precise temperature control, and safety features, as they only heat the pot and not the surrounding area.
Market Dynamics:
Driver:
High Energy Efficiency
The high energy efficiency in the induction cooktop market is driven by advancements in technology, such as improved electromagnetic induction systems and better thermal management. These innovations reduce energy waste and enhance cooking speed, making induction cooktops more energy-efficient than traditional gas or electric stoves. Consumer demand for sustainable, eco-friendly appliances, alongside rising electricity costs, is further pushing the adoption of these efficient cooking solutions, aligning with global energy-saving goals.
Restraint:
High Initial Cost
The high initial cost of induction cooktops significantly hinders market growth, as it limits affordability for a broad range of consumers. Despite offering energy efficiency and advanced features, the upfront investment remains a barrier, particularly in price-sensitive regions. This discourages potential buyers, especially in emerging markets, where lower-priced alternatives like gas stoves are more popular. Consequently, high initial costs slow the adoption of induction cooktops globally.
Opportunity:
Technological Advancements
Technological advancements in the induction cooktop market are driven by innovations such as smart connectivity, energy efficiency, and improved temperature control. Features like touch controls, voice assistance, and integration with home automation systems enhance user convenience. Additionally, advancements in induction technology, such as faster heating times and more precise cooking, contribute to the market's growth. Energy-efficient designs that reduce power consumption and environmental impact also play a pivotal role in driving market expansion.
Threat:
Limited Consumer Adaptation
Limited consumer adaptation in the induction cooktop market is a significant hindrance, as many consumers remain unfamiliar with the technology and its benefits. This reluctance to adopt induction cooking due to perceived complexity, high initial costs, and the need for compatible cookware slows market growth. Additionally, traditional gas and electric stoves are deeply ingrained in many households, making it challenging for induction cooktops to gain widespread acceptance.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Induction Cooktop market, leading to a surge in demand for home appliances due to lockdowns and increased at-home cooking. Supply chain disruptions initially affected production, but the market quickly recovered as online sales rose. Consumer preference shifted towards energy-efficient and convenient cooking solutions, driving the adoption of induction cooktops.
The free-standing segment is expected to be the largest during the forecast period
The free-standing segment is expected to account for the largest market share during the forecast period, due to its convenience, ease of installation, and flexibility in kitchen design. Consumers are increasingly opting for these standalone units as they offer portability and do not require permanent installation, making them ideal for renters or those with limited kitchen space. Additionally, advancements in technology, such as touch controls and smart features, are driving the popularity of free-standing induction cooktops.
The supermarkets segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the supermarkets segment is predicted to witness the highest growth rate owing to demand for modern kitchen appliances and energy-efficient cooking solutions. Supermarkets offer a wide variety of induction cooktops, attracting customers with competitive pricing, promotions, and easy accessibility. The availability of various brands and models, including budget-friendly and high-end options, further stimulates consumer purchasing decisions. Additionally, supermarkets often provide after-sales support and warranties, enhancing customer confidence and driving market growth.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share because of the need for contemporary, safe, and energy-efficient kitchen appliances. The market is expanding because to the trend toward environmentally friendly cooking options and the growing acceptance of smart home technology. The market for induction cooktops in North America is also growing as a result of rising consumer awareness of health-conscious cooking and new product developments that provide cutting-edge features like touch controls and temperature accuracy.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR as shift towards modern kitchen technologies, coupled with the demand for faster cooking and convenience is boosting market growth. Additionally, government initiatives supporting energy conservation and the preference for smart appliances are further enhancing adoption. The growing middle-class population and lifestyle changes are significant factors contributing to the demand for induction cooktops in the region.
Key players in the market
Some of the key players in Induction Cooktop market include Whirlpool Corporation, LG Electronics Inc., Electrolux AB, TTK Prestige Ltd., Smeg S.p.A., Koninklijke Philips N.V., Robert Bosch GmbH, Panasonic Corporation, Sub-Zero Group, Inc., Miele & Cie. KG, Haier Group, Samsung Electronics Co., Ltd., Kenwood Limited, Bajaj Electricals Ltd., Stovekraft Limited, Alluserv, Avantco Equipment, Eurodib and APW Wyott.
Key Developments:
In January 2025, LG Electronics expanded its collaboration with Microsoft (MS) in B2B fields such as thermal management and chiller, which are essential cooling technologies in the data center field.
In February 2024, LG Electronics has announced an expanded strategic collaboration with global tech powerhouse Meta, aiming to combine the strengths of both companies across products, content, services and platforms to drive innovation in extended reality (XR) customer experiences.
In February 2024, Nexxen International Ltd. announced a settlement agreement and launched a three-year strategic partnership with Alphonso Inc. and LG Electronics, Inc. that resolves the disputes underlying the complaints, thus concluding the parties’ litigation.
Products Covered:
• Built-in
• Free-standing
Power Ratings Covered:
• Below 2 kW
• 2 kW to 3.5 kW
• Above 3.5 kW
Distribution Channels Covered:
• Hypermarkets
• Supermarkets
• Specialty Stores
• Online Retail
Applications Covered:
• Household
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Induction Cooktop Market, By Product
5.1 Introduction
5.2 Built-in
5.3 Free-standing
6 Global Induction Cooktop Market, By Power Rating
6.1 Introduction
6.2 Below 2 kW
6.3 2 kW to 3.5 kW
6.4 Above 3.5 kW
7 Global Induction Cooktop Market, By Distribution Channel
7.1 Introduction
7.2 Hypermarkets
7.3 Supermarkets
7.4 Specialty Stores
7.5 Online Retail
8 Global Induction Cooktop Market, By Application
8.1 Introduction
8.2 Household
8.3 Commercial
9 Global Induction Cooktop Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Whirlpool Corporation
11.2 LG Electronics Inc.
11.3 Electrolux AB
11.4 TTK Prestige Ltd.
11.5 Smeg S.p.A.
11.6 Koninklijke Philips N.V.
11.7 Robert Bosch GmbH
11.8 Panasonic Corporation
11.9 Sub-Zero Group, Inc.
11.10 Miele & Cie. KG
11.11 Haier Group
11.12 Samsung Electronics Co., Ltd.
11.13 Kenwood Limited
11.14 Bajaj Electricals Ltd.
11.15 Stovekraft Limited
11.16 Alluserv
11.17 Avantco Equipment
11.18 Eurodib
11.19 APW Wyott
List of Tables
1 Global Induction Cooktop Market Outlook, By Region (2022-2030) ($MN)
2 Global Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
3 Global Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
4 Global Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
5 Global Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
6 Global Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
7 Global Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
8 Global Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
9 Global Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
10 Global Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
11 Global Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
12 Global Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
13 Global Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
14 Global Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
15 Global Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
16 Global Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
17 North America Induction Cooktop Market Outlook, By Country (2022-2030) ($MN)
18 North America Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
19 North America Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
20 North America Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
21 North America Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
22 North America Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
23 North America Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
24 North America Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
25 North America Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
26 North America Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
27 North America Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
28 North America Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
29 North America Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
30 North America Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
31 North America Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
32 North America Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
33 Europe Induction Cooktop Market Outlook, By Country (2022-2030) ($MN)
34 Europe Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
35 Europe Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
36 Europe Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
37 Europe Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
38 Europe Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
39 Europe Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
40 Europe Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
41 Europe Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
42 Europe Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
43 Europe Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
44 Europe Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
45 Europe Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
46 Europe Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
47 Europe Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
48 Europe Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
49 Asia Pacific Induction Cooktop Market Outlook, By Country (2022-2030) ($MN)
50 Asia Pacific Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
51 Asia Pacific Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
52 Asia Pacific Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
53 Asia Pacific Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
54 Asia Pacific Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
55 Asia Pacific Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
56 Asia Pacific Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
57 Asia Pacific Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
58 Asia Pacific Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
59 Asia Pacific Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
60 Asia Pacific Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
61 Asia Pacific Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
62 Asia Pacific Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
63 Asia Pacific Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
64 Asia Pacific Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
65 South America Induction Cooktop Market Outlook, By Country (2022-2030) ($MN)
66 South America Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
67 South America Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
68 South America Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
69 South America Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
70 South America Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
71 South America Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
72 South America Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
73 South America Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
74 South America Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
75 South America Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
76 South America Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
77 South America Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
78 South America Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
79 South America Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
80 South America Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
81 Middle East & Africa Induction Cooktop Market Outlook, By Country (2022-2030) ($MN)
82 Middle East & Africa Induction Cooktop Market Outlook, By Product (2022-2030) ($MN)
83 Middle East & Africa Induction Cooktop Market Outlook, By Built-in (2022-2030) ($MN)
84 Middle East & Africa Induction Cooktop Market Outlook, By Free-standing (2022-2030) ($MN)
85 Middle East & Africa Induction Cooktop Market Outlook, By Power Rating (2022-2030) ($MN)
86 Middle East & Africa Induction Cooktop Market Outlook, By Below 2 kW (2022-2030) ($MN)
87 Middle East & Africa Induction Cooktop Market Outlook, By 2 kW to 3.5 kW (2022-2030) ($MN)
88 Middle East & Africa Induction Cooktop Market Outlook, By Above 3.5 kW (2022-2030) ($MN)
89 Middle East & Africa Induction Cooktop Market Outlook, By Distribution Channel (2022-2030) ($MN)
90 Middle East & Africa Induction Cooktop Market Outlook, By Hypermarkets (2022-2030) ($MN)
91 Middle East & Africa Induction Cooktop Market Outlook, By Supermarkets (2022-2030) ($MN)
92 Middle East & Africa Induction Cooktop Market Outlook, By Specialty Stores (2022-2030) ($MN)
93 Middle East & Africa Induction Cooktop Market Outlook, By Online Retail (2022-2030) ($MN)
94 Middle East & Africa Induction Cooktop Market Outlook, By Application (2022-2030) ($MN)
95 Middle East & Africa Induction Cooktop Market Outlook, By Household (2022-2030) ($MN)
96 Middle East & Africa Induction Cooktop Market Outlook, By Commercial (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?

Assured Quality
Best in class reports with high standard of research integrity

24X7 Research Support
Continuous support to ensure the best customer experience.

Free Customization
Adding more values to your product of interest.

Safe & Secure Access
Providing a secured environment for all online transactions.

Trusted by 600+ Brands
Serving the most reputed brands across the world.