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.
This report 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