Global Induction Cooktop Market Growth 2025-2031

Global Induction Cooktop Market Growth 2025-2031

The global Induction Cooktop market size is predicted to grow from US$ 5674 million in 2025 to US$ 6656 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Induction Cooktop Industry Forecast” looks at past sales and reviews total world Induction Cooktop sales in 2024, providing a comprehensive analysis by region and market sector of projected Induction Cooktop sales for 2025 through 2031. With Induction Cooktop sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Cooktop industry.

This Insight Report provides a comprehensive analysis of the global Induction Cooktop landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Induction Cooktop portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Induction Cooktop market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction Cooktop and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Induction Cooktop.

This report presents a comprehensive overview, market shares, and growth opportunities of Induction Cooktop market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Touch Screen
Touchtone

Segmentation by Application:
Home
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Induction Cooktop market?

What factors are driving Induction Cooktop market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Induction Cooktop market opportunities vary by end market size?

How does Induction Cooktop break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.