Induction Cooktop Market

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.

Induction Cooktop Market contains market size and forecasts of Induction Cooktop in global, including the following market information:

Global Induction Cooktop Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Induction Cooktop Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Induction Cooktop companies in 2021 (%)

The global Induction Cooktop market was valued at 5684.9 million in 2021 and is projected to reach US$ 6752.2 million by 2028, at a CAGR of 2.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Touch Screen Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Induction Cooktop include Midea, SUPOR, Joyoung, Philips, POVOS, Galanz, Fusibo, Sunpentown and Panasonic, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Induction Cooktop manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Induction Cooktop Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Induction Cooktop Market Segment Percentages, by Type, 2021 (%)

Touch Screen

Touchtone

Global Induction Cooktop Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Induction Cooktop Market Segment Percentages, by Application, 2021 (%)

Home

Commercial

Global Induction Cooktop Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Induction Cooktop Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Induction Cooktop revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Induction Cooktop revenues share in global market, 2021 (%)

Key companies Induction Cooktop sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Induction Cooktop sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Midea

SUPOR

Joyoung

Philips

POVOS

Galanz

Fusibo

Sunpentown

Panasonic

Haier Group

AB Electrolux

Bosch

Whirlpool

Semikron

Waring

Fisher & Paykel

Smeg

True Induction

Miele

LG Electronics

MENU SYSTEM

Chinducs

Vollrath

UEMW

GE

Qinxin

Summit Appliance

Oude

Sub-Zero Wolf

Jinbaite

Elecpro

Garland

EMI