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Global Induction Cooktop Market to Touch USD 6610.8 Million by 2028 as per the Latest Research

Induction Cooktop is a kind cooking equipment using electromagnetism to turn cooking pans into cookers (creating heat energy inside the pan itself, instead of firing it in from outside). Induction cooktop cooks food more quickly and safely with less energy, compared with the traditional gas stove.

Simply, an induction cooktop is an electromagnet. Inside the glass cooktop, there’s an electronically controlled coil of metal. When turn on the power, there will be an alternating current flow through the coil and it produces a fluctuating magnetic field all around it and directly above it, this will produce heat indirectly.

Due to the COVID-19 pandemic, the global Induction Cooktop market size is estimated to be worth US$ 5525 million in 2021 and is forecast to a readjusted size of US$ 6610.8 million by 2028 with a CAGR of 2.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Induction Cooktop market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Induction Cooktop landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

Global Induction Cooktop key players include Midea, SUPOR, Joyoung, etc. Global top three manufacturers hold a share nearly 50%.

China is the largest market, with a share over 70%, followed by Europe, and Asia (Ex China), both have a share over 20 percent.

In terms of product, Touch Screen is the largest segment, with a share about 85%. And in terms of application, the largest application is Home Use, followed by Commercial Use.

This report focuses on Induction Cooktop volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Induction Cooktop market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan and South Korea, etc.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Touch Screen
  • Touchtone

Segment by Application

  • Home
  • Commercial

By Company

  • Midea
  • Joyoung
  • Philips
  • Galanz
  • Fusibo
  • Sunpentown
  • Panasonic
  • Haier Group
  • AB Electrolux
  • Bosch
  • Whirlpool
  • Semikron
  • Waring
  • Fisher & Paykel
  • Smeg
  • True Induction
  • Miele
  • LG Electronics
  • Chinducs
  • Vollrath
  • UEMW
  • GE
  • Qinxin
  • Summit Appliance
  • Oude
  • Sub-Zero Wolf
  • Jinbaite
  • Elecpro
  • Garland
  • EMI

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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