Global Induction Cooktops Market

Induction Cooktops Market Summary

• The Global Induction Cooktops Market Size Was Valued at USD 26.12 Billion in 2024 and is Projected to Reach USD 51.67 Billion by 2035, Growing at a CAGR of 6.4% from 2025 to 2035. 
• The market for induction cooktops is expanding because of a number of factors, including energy efficiency, improved safety features like auto shut-off and no open flames, quicker cooking times, technological advancements like touch controls and smart functions, and the visual attractiveness of contemporary kitchen designs.

Key Regional and Segment-Wise Insights

• With a revenue share of 31.5% in 2024, Europe dominated the induction cooktops market.
• With a 63.5% revenue share in 2024, the built-in segment dominated the market by product.
• In 2024, the specialty stores segment had the biggest revenue share by distribution channel.

Global Market Forecast and Revenue Outlook

• 2024 Market Size: USD 26.12 Billion
• 2035 Projected Market Size: USD 51.67 Billion
• CAGR (2025-2035): 6.4%
• Europe: Largest market in 2024

The market for induction cooktops represents the industry segment that utilizes electromagnetic heating technology for cooking pots and pans directly, which results in faster cooking times and higher energy efficiency compared to traditional gas and electric stoves. The industry experiences growth because customers want contemporary appliances that deliver both safety and energy conservation in their kitchens. People living in metropolitan areas feel compelled to adopt modern, efficient cooking methods because their disposable income increases while urbanization accelerates and their lifestyle preferences change. The transition toward induction cooktops benefits from trends such as people becoming more aware of indoor air pollution from gas stoves and their interest in electric and ecological cooking solutions. The combination of small dimensions and easy maintenance, and precise temperature adjustment makes induction-based systems popular among home and commercial customers.

The market for induction cooktops experiences a significant transformation because of new technology developments. Touch controls, along with smart sensors and auto-shutoff capabilities, and Wi-Fi connectivity, represent recent innovations that enhance both user experience and safety. Manufacturers now integrate artificial intelligence and Internet of Things features to enable distant management of their products alongside power usage tracking. Many governments worldwide promote clean cooking technologies through their policy measures by providing subsidies and rebates and launching awareness campaigns. The trend holds strongest in places that focus on reducing carbon dioxide output and enhancing power utilization. These technological developments and supportive initiatives have driven worldwide growth in the adoption of induction cooktops as a modern, environmentally friendly cooking solution.

Product Insights

The built-in segment held the largest revenue share of 63.5% and led the induction cooktops market in 2024. Urban residential areas show an increasing preference for contemporary, compact, and visually pleasing kitchen equipment, which explains the market leadership of built-in induction cooktops. The sleek and uninterrupted design of built-in induction cooktops matches perfectly with current kitchen aesthetics. The combination of energy efficiency, rapid cooking speeds, and advanced features such as touch controls and temperature precision, and child safety locks drives its attractiveness.  The rising trend of modular kitchen adoption and increased interest in customized high-end appliances push forward the adoption rate. Consumers continue to choose the built-in segment because it delivers durable performance and enhances modern kitchen aesthetics while fitting their contemporary lifestyle needs.

The free-standing segment of induction cooktops is expected to grow at a steady pace during the forecast period. The segment's price, simplicity of installation, and location flexibility are what are driving this rise, making it a great option for modest homes, renters, and places with a small kitchen. The free-standing induction cooktops attract a diverse range of buyers, particularly from emerging economies, because they eliminate the need for complex installation or counter installation. Modern design and mobility features, together with energy efficiency improvements, are enhancing the attractiveness of these products. The free-standing segment will see stable market demand because people continue to learn about induction cooking advantages, particularly consumers who want modern, efficient cooking equipment yet have limited financial resources and need portability.

Distribution Channel Insights

The specialty stores segment held the largest revenue share within the induction cooktops market during 2024.  The market leadership of specialty shops emerges from customer preferences to shop face-to-face for expert assistance and product demonstrations, and tailored support. Specialty stores maintain an extensive inventory of top-tier induction cooktops from leading brands to meet the needs of customers who prefer advanced features and superior quality. Consumers choose these retailers for their kitchen appliances because these stores provide warranties and installation services and after-sales support, which builds customer trust. The specialty retail chains control the market through their strong urban presence and their focus on customer service and product expertise.

The online segment of the induction cooktops market is anticipated to grow at the fastest CAGR throughout the forecast period. High-speed internet access combined with smartphone prevalence and growing consumer trust in digital marketplaces, which offer both competitive pricing and extensive product selection, drives rapid expansion. Consumers now use online platforms more frequently to evaluate product attributes along with reading customer feedback, while accessing exclusive discounts. The emergence of direct-to-consumer brands together with augmented reality technology for virtual product visualization enhances the online shopping experience. The combination of flexible payment methods with easy return processes and fast delivery options builds stronger customer trust. Digital adoption rates across emerging nations will drive substantial growth of the internet market during the forecast period.

Regional Insights

During the forecast period, the North American market for induction cooktops is expected to grow at a significant CAGR because of increasing customer interest in contemporary energy-efficient, safe cooking systems. The popularity of induction cooktops continues to grow because they offer exact temperature control while heating faster and using less energy than traditional gas or electric stoves. The expansion of smart kitchen devices and growing home renovation activities across Canada and the United States are driving increased demand. The expansion of urban living spaces, together with government incentives for energy-efficient products, creates favorable conditions for the North American market to grow exponentially.

Europe Induction Cooktops Market Trends

The European induction cooktop market dominates globally with a revenue share of 31.5% in 2024. This dominance stems from strict environmental regulations together with well-informed consumers about energy-efficient solutions and modern appliance prevalence across Germany and France and Italy, and the United Kingdom. European consumers embrace induction cooktops for their secure operation and fast cooking capabilities, and precise temperature control. The European region advances electric and induction cooking systems through its established environmental initiatives regarding carbon emission reduction and gas appliance replacement. Two main factors drive the market growth, which include government funding for energy-efficient appliances and modern kitchen redesign, along with quick city expansion. Europe's dominance in the global induction cooktop market receives additional support from its leading appliance production companies.

Asia Pacific Induction Cooktops Market Trends

The Asia Pacific induction cooktops market is anticipated to grow at the fastest CAGR during the forecasted period because of rapid urbanization and increasing disposable incomes, along with the shift toward modern energy-efficient kitchen appliances. The rising demand for induction cooktops in China, India, Japan, and South Korea derives from lifestyle changes as well as the increase in nuclear families and greater energy-saving awareness. The increasing popularity of compact and efficient cooking solutions stems from the expanding middle class, alongside the growing home construction activity, particularly in urban centers. Government initiatives that promote energy efficiency and reduce gas-based cooking dependence drive market growth. The rapid expansion of the region derives from the availability of affordable models combined with strong e-commerce adoption in the area.

Key Induction Cooktops Companies:

The following are the leading companies in the induction cooktops market. These companies collectively hold the largest market share and dictate industry trends.

• Haier Inc.
• Fisher & Paykel Appliances Holdings Ltd.
• Panasonic Malaysia Sdn Bhd.
• Midea
• Miele & Cie. KG
• SAMSUNG
• Philips Electronics
• Whirlpool Corporation
• LG Electronics
• Electrolux AB
• Daewoo Electronics Corporation
• Others

Recent Developments

• In May 2024, at Milan's Eurocucina, Samsung unveiled its newest AI induction cooktop. The cooktop has an improved non-scratch surface and a new coil system. When compared to a conventional induction cooktop of this size, the revolutionary coil technology offers 50% more cooking space. Compared to Samsung's earlier induction cooktops, the improved non-scratch surface can withstand 1.5 times as much pressure.
• In April 2024, Adventys, a French manufacturer of induction cooking solutions, was purchased by Electrolux Professional Group for about USD 23.9 million. With this acquisition, Electrolux Professional should be able to further develop its own induction technology and solidify its position as a leader in environmentally friendly horizontal cooking. This is because induction cooking uses energy only when the surface is active, which lowers CO2 emissions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the induction cooktops market based on the below-mentioned segments: 

Global Induction Cooktops Market, By Product

• Built-in
• Free-standing

Global Induction Cooktops Market, By Application

• Hypermarkets and supermarkets
• Specialty Stores
• Online

Global Induction Cooktops Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa