Global Induction Hobs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Built-in and Free Standing.

By Distribution Channel;

Offline and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn409236908 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Induction Hobs Market (USD Million), 2021 - 2031

In the year 2024, the Global Induction Hobs Market was valued at USD 24.48 million. The size of this market is expected to increase to USD 45.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.3%.

The global market for induction hobs, also known as induction cooktops, has witnessed substantial growth in recent years. Induction hobs utilize electromagnetic energy to directly heat pots and pans, offering advantages such as rapid heating, energy efficiency, and precise temperature control. These features have fueled their popularity in both residential and commercial kitchens worldwide.

One of the key drivers of the induction hobs market is the growing emphasis on energy efficiency and sustainability. Induction technology typically consumes less energy compared to traditional gas or electric cooktops, making it an attractive choice for environmentally conscious consumers and businesses. Moreover, governments in various regions are promoting energy-efficient appliances through regulations and incentives, further boosting market demand.

Technological advancements in induction hob design have also played a significant role in market expansion. Manufacturers are continually innovating to improve efficiency, enhance user interface experiences, and introduce smart functionalities such as connectivity with mobile devices for remote control and monitoring.

In terms of consumer preference, the ease of cleaning and maintenance associated with induction hobs is another compelling factor driving adoption. Unlike gas stoves, which have more complex cleaning requirements, induction hobs feature smooth surfaces that are easy to wipe clean.

The market for induction hobs is expanding across regions such as North America, Europe, Asia Pacific, and beyond. Each region exhibits unique trends driven by factors like culinary preferences, urbanization rates, and economic development. For instance, in Asia Pacific, rapid urbanization and the adoption of modern kitchen appliances are propelling market growth, while in Europe, stringent energy efficiency regulations are encouraging the uptake of induction technology.

The induction hobs market is poised for continued growth as consumer awareness of energy efficiency and technological advancements in kitchen appliances continues to rise. Innovations in materials, design, and connectivity are expected to further enhance the appeal of induction hobs, making them a cornerstone of modern kitchen design and functionality globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Induction Hobs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Preference for Modern Kitchen Appliances

        2. Safety and Convenience Features

        3. Increasing Disposable Income

        4. Environmental Sustainability

      2. Restraints
        1. High Initial Cost

        2. Limited Awareness in Emerging Markets

        3. Compatibility Issues with Cookware

        4. Maintenance and Repair Costs

      3. Opportunities
        1. Urbanization and Housing Developments

        2. Rising Demand for Smart Kitchen Solutions

        3. Customization and Personalization Trends

        4. Innovations in Design and Functionality

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Induction Hobs Market, By Product, 2021 - 2031 (USD Million)
      1. Built-in
      2. Free Standing
    2. Global Induction Hobs Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    3. Global Induction Hobs Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AB Electrolux
      2. Koninklijke Philips NV
      3. LG Electronics, Inc.
      4. Panasonic Corp.
      5. Robert Bosch GmbH
      6. Samsung Electronics Co. Ltd.
      7. Smeg Spa
      8. Sub-Zero Group Inc.
      9. TTK Prestige Ltd.
      10. Whirlpool Corp.
      11. Falmec
      12. Prestige
      13. Kent
  7. Analyst Views
  8. Future Outlook of the Market