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

By Type;

Built-In Induction Cooktops, and Free-Standing and Portable Induction Cooktops.

By Distribution Channel;

Supermarkets/Hypermarkets, Specialty Stores, Online Channel, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn893699968 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Residential Induction Cooktops Market (USD Million), 2021 - 2031

In the year 2024, the Global Residential Induction Cooktops Market was valued at USD 21089.58 million. The size of this market is expected to increase to USD 30678.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

The global residential induction cooktops market is experiencing significant growth due to the increasing demand for energy-efficient and time-saving cooking solutions. Induction cooktops use electromagnetic energy to heat cookware directly, offering several advantages over traditional cooking methods, including faster cooking times, precise temperature control, and enhanced energy efficiency. As consumers become more conscious of sustainability and energy consumption, induction cooktops are gaining popularity, especially in regions with growing middle-class populations. Their eco-friendly nature, combined with a sleek design, is appealing to modern households seeking both functionality and style in their kitchens.

Induction cooktops are also highly regarded for their safety features, such as the absence of open flames and reduced risk of burns. This makes them especially attractive to families with young children or those seeking safer cooking appliances. The compact size and flexibility of induction cooktops, which can be integrated into various kitchen layouts or used as portable units, have further driven their adoption in urban areas, where space is often limited. Additionally, the growing trend toward smart home integration is enhancing the appeal of induction cooktops, with many models now offering features like Wi-Fi connectivity, touch controls, and app integration for enhanced cooking convenience.

Geographically, the North American and European markets are leading the way in the adoption of induction cooktops, driven by rising disposable incomes and the demand for modern kitchen appliances. However, the Asia-Pacific region is experiencing rapid growth, particularly in countries like China and India, where increasing urbanization, changing lifestyles, and a rise in disposable income are contributing to higher demand for premium kitchen appliances. The induction cooktop market is expected to continue expanding globally, with manufacturers focusing on advanced features, energy-efficient models, and affordable pricing to attract a wide range of consumers. As innovation continues, the induction cooktop is becoming a key player in modern residential kitchens.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Residential Induction Cooktops Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy efficiency adoption
        2. Safety and convenience preference
        3. Urbanization and lifestyle changes
        4. Construction and renovation growth
        5. Aesthetic kitchen demand
      2. Restraints
        1. Cookware compatibility issues
        2. Electrical infrastructure requirements
        3. Space constraints
        4. Service and maintenance challenges
        5. Electromagnetic field concerns
      3. Opportunities
        1. Regional customization
        2. Online channel expansion
        3. Awareness campaigns
        4. Smart home integration
        5. Modular kitchen solutions
    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 Residential Induction Cooktops Market, By Type, 2021 - 2031 (USD Million)
      1. Built-In Induction Cooktops
      2. Free-Standing and Portable Induction Cooktops
    2. Global Residential Induction Cooktops Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Specialty Stores
      3. Online Channel
      4. Others
    3. Global Residential Induction Cooktops 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
        6. ASEAN (Association of South East Asian Countries)
        7. 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. LG Electronics, Inc.
      2. Whirlpool Corporation
      3. Panasonic Corporation
      4. Koninklijke Philips N.V.
      5. TTK Prestige Ltd
      6. Sub-Zero Group, Inc.
      7. Electrolux Group
      8. Robert Bosch GmbH
      9. Miele Group
      10. SMEG S.p.A.
      11. Daewoo Electronics Corporation
      12. Fisher & Paykel Appliances Holdings Ltd.
      13. Glen Dimplex Home Appliances Ltd.,
      14. Videocon Industries Limited
      15. Bajaj Electricals Ltd
      16. Haier Group
      17. Morphy Richards
      18. Inalsa Appliances
      19. Kenwood Limited
      20. Butterfly Gandhimathi Appliances Limited
  7. Analyst Views
  8. Future Outlook of the Market