Tech Worlds News
TechWorldsNews is a technology news blog that provides news and analysis on the latest technologies and trends in the tech part.

Global Induction Stove Market Size, Share, Price, Trends, Report And Forecast 2022-2027


The ‘GlobalInduction Stove Market Size, Share, Growth,  Trends, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global induction stove market, assessing the market based on its segments like product, distribution channel, application, and major regions.

Induction Stove Market Size, Share, Trends, Industry Report, Key Player, Major Segments And Forecast

Get a Free Sample Report with Table of Contents@

The key highlights of the report include:

Market Overview 2017-2027

• Historical Market Size (2021): USD 15.9 billion
• Forecast CAGR (2022-2027): 6.4%
• Forecast Market Size (2027): USD 23.1 billion

With the advancement in technology and the growing awareness regarding induction cooking, the demand for induction stoves is gaining traction. Induction stoves offer plenty of benefits that are driving their use by people across the globe. Compared to conventional electric stoves and gas stoves, an induction stove is 5-10% and 3% more efficient, respectively. Further, they are a great option to maintain indoor air quality. Other advantageous benefits of induction stoves are built-in safety features and ease in the preparation of meals.

Further, the use of an induction stove reduces cooking time and has a low maintenance cost. People are getting inclined toward the use of induction stoves as they add up more flexibility and convenience to one’s kitchen. The growing prices of gas are also driving people to shift to the use of induction stoves. Asia Pacific is expected to witness a promising CAGR during the forecast period of 2022-2027. In countries like India, induction stoves are widely accessible in both cities and villages, which highlights their popularity among the people. Considering all the aforementioned factors, the outlook of the market seems to be positive.

Philips, Prestige, LG, and Samsung are among the most popular brands of induction stoves. These brands offer a variety of products in different price ranges, providing multiple options for customers. However, the market for induction stoves might face a major challenge which is the requirement of induction-compatible cookware items for the use of induction stoves.

Induction Stove Industry Definition and Major Segments

Induction stoves are a type of electric stove that gets power and precision through induction technology and thus produces energy via an electromagnetic field that is below the glass cooktop surface. This energy is then transferred in the form of a current directly to magnetic cookware, which then leads to the heating and cooking of food.

Read Full Report with Table of Contents@

Firstly, the global market for induction stoves has been segmented based on the product as:

• Built-in
• Free-standing
• Portable

The various modes of distributing induction stoves include:

• Supermarkets/Hypermarkets
• E-Commerce Store

Based on the application of induction stoves, the market has been classified as:

• Residential
• Commercial

The regional segmentation includes North America, Europe, Asia Pacific, Middle East and Africa. These regions have been further bifurcated into their respective country to provide a better picture of the regional market scenario.

Induction Stove Market Trends

With growing disposable income, people are getting inclined toward better and more innovative home appliances that make their life simpler. The market is flooded with a variety of brands with different and attractive features. Market players are also actively involved in the research and development of new products. In 2021, Samsung Electronics Co., Ltd launched a new smart induction cooktop.

Related Posts
1 of 206

The product has a 30” smart induction built-in cooktop with a Wi-Fi feature. The product not only reduces the use of energy, but also leads to lower emissions during cooking. Further, in 2022, Kent RO Systems Ltd, an Indian company, launched Jewel Induction Cooktop with a power consumption of 2000W and 8 pre-set menu options, that include chapati, curry, soup, milk boiling, and rice. Such innovations are contributing significantly to the increased demand for induction stoves.

The increasing use of inductive stoves in commercial settings, owing to fast cooking, also provides a promising opportunity for induction stove market players. Furthermore, the penetration of online sales channels in the shopping of induction stoves is witnessing a constant surge, as it offers convenience, huge discounts during the festive season, and the benefit of home delivery. Also, the growing inclination towards energy-efficient products is a key trend that is being observed in the inductive stoves market.

Key Market Players

The major players in the induction stove market are

• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Whirlpool Corporation
• LG Electronics Inc.
• Panasonic Corporation
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand and its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Related Reports:

Latin America Bus Market:

North America Enterprise WLAN Market:

Europe Enterprise WLAN Market:

Wegener’s Granulomatosis Treatment Market:

Tonic-Clonic Seizures Treatment Market:

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: James Rowan, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA


  • Ahmed Ali Baloch

    I'm Ahmed! I completed my Software courses and website designing at different institutes. I love to write tech articles on the latest, Technology, Cyber Security, Cryptocurrency, automotive, Internet Security, SEO, education, Digital Marketing, Fashion, Lifestyle, and News Technology in my life. I'm also a content writer and admin of If you wanna post your article contact me at

+ posts

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More