Commercial Induction Cooktop Market

In an induction cooktop ("induction hob" or "induction stove"), a coil of copper wire is placed under the cooking pot and an?alternating electric current?is passed through it. The resulting oscillating?magnetic fieldinduces a?magnetic flux?which repeatedly magnetises the pot, treating it like the lossy?magnetic core?of a?transformer. This produces large?eddy currents?in the pot, which because of the?resistance of the pot, heats it.
Commercial Induction Cooktop Market contains market size and forecasts of Commercial Induction Cooktop in global, including the following market information:
Global Commercial Induction Cooktop Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Commercial Induction Cooktop Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Commercial Induction Cooktop companies in 2021 (%)
The global Commercial Induction Cooktop market was valued at 600.4 million in 2021 and is projected to reach US$ 756.1 million by 2028, at a CAGR of 3.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Countertop Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Induction Cooktop include APW Wyatt, CookTek, Garland Group, The Vollrath Company, True induction, Admiral Craft Equipment, Buffalo, Dipo Induction and ELAG products, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Commercial 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 Commercial Induction Cooktop Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Induction Cooktop Market Segment Percentages, by Type, 2021 (%)
Countertop
Drop-in
Floor Standing
Global Commercial Induction Cooktop Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Induction Cooktop Market Segment Percentages, by Application, 2021 (%)
Restaurants
Hotels
Others
Global Commercial Induction Cooktop Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial 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 Commercial Induction Cooktop revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Commercial Induction Cooktop revenues share in global market, 2021 (%)
Key companies Commercial Induction Cooktop sales in global market, 2017-2022 (Estimated), (Units)
Key companies Commercial Induction Cooktop sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
APW Wyatt
CookTek
Garland Group
The Vollrath Company
True induction
Admiral Craft Equipment
Buffalo
Dipo Induction
ELAG products
Elecpro
Equipex
Fisher & Paykel Appliances
Globe Food Equipment
Hatco