Induction Hobs Market Report 2025 (Global Edition)

Global Induction Hobs Market Report 2025 Market Size Split by Type (Built-in Induction Hobs, Freestanding Induction Hobs, Size), by Size (1-Burner, 2-Burner, 3-Burner, 4-Burner, 5-Burner and Above), b...

Induction Hobs Market Report Description

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Induction Hobs Market Insights Video

Competitive Landscape of the Induction Hobs Market

The induction hobs marketplace capabilities an aggressive landscape characterized by using several key players, consisting of set-up manufacturers like Bosch, Siemens, GE Appliances, and Whirlpool, alongside emerging businesses and neighborhood manufacturers. This competition awareness of innovation, imparting advanced capabilities, which include touch controls, smart connectivity, and glossy designs to attract consumers. Pricing techniques and energy efficiency also play critical roles in marketplace positioning. Collaborations with outlets and powerful advertising and marketing campaigns similarly beautify brand visibility, creating a dynamic environment as organizations try to seize marketplace percentage and meet evolving consumer alternatives.

In January 2023, The Prestige Iris 2.0 Induction Cooktop was launched. The product boasts features like auto-off and variable time settings. Source: https://shop.ttkprestige.com/prestige-induction-cook-top-iris-2.html In August 2022, the Kent Jewel induction cooktop was unveiled. Made by the Indian manufacturer Kent, the gadget boasts of pre-set settings like curry, roti, and rice. Source: https://www.kent.co.in/cooking-appliances/induction-cooktop/kent-jewel-induction-cooktop

Top Companies Market Share in Induction Hobs Industry: (In no particular order of Rank)

• Amazon Web Services
• Inc
• Fortra
• LLC (formerly known as Boldon James)
• Crunchbase Inc.
• Alphabet Inc.
• IBM
• Innovative Routines International (IRI)
• Inc.
• Microsoft
• Broadcom (Symantec Corporation)
• Varonis
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Induction Hobs Market

Which Region Dominates the Induction Hobs Market in 2024?

According to Cognitive Market Research, North America currently dominates the Induction Hobss market, and the region is expected to have significant growth during the projected period. The North American induction hobs marketplace is developing due to growing client demand for strength-efficient cooking answers and a progressive era. Increased recognition of sustainability, coupled with modern-day kitchen trends, is driving adoption. Additionally, the shift in the direction of domestic cooking in the course of the pandemic has similarly multiplied the marketplace boom in the vicinity.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific induction hobs market is expanding swiftly due to rising urbanization, increasing disposable incomes, and developing interest in power-efficient cooking appliances. The location's moving culinary choices and improvements in technology, in addition, increase adoption, making induction hobs an attractive desire for contemporary families seeking comfort and performance in cooking.

The current report Scope analyzes Induction Hobs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Induction Hobs

According to Cognitive Market Research, the global Induction Hobs market size was estimated at USD 20.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 8.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Induction Hobs market with a market size of USD 6.50 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The U.S. market's energy efficiency.
• The Canada Induction Hobs market had a market share of USD 0.99 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. Canada’s rising urbanization.
• The Mexico Induction Hobs market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 0.75 million in 2024.

Europe Induction Hobs

According to Cognitive Market Research, the global Induction Hobs market size was estimated at USD 20.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Induction Hobs market had a market share of USD 1.04 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, Induction Hobs sales witness an upswing due to the eco-friendly trends.
• The France Induction Hobs market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 0.57 million in 2024.
• According to Cognitive Market Research, the German Induction Hobs market size was valued at USD 1.22 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, Induction Hobs surged due to the technological advancements.
• The Italy Induction Hobs market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 0.53 million in 2024.
• The Russia Induction Hobs market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 0.96 million in 2024.
• The Spain Induction Hobs market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 0.51 million in 2024
• The Luxembourg Induction Hobs market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 0.19 million in 2024.
• The Portugal Induction Hobs market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 0.13 million in 2024.
• The Greece Induction Hobs market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 0.07 million in 2024.
• The Rest of Europe's Induction Hobs market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 0.96 million in 2024.

Asia Pacific Induction Hobs

According to Cognitive Market Research, the global Induction Hobs market size was estimated at USD 20.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Induction Hobs market size was valued at USD 2.13 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Induction Hobs surged in China due to consumer convenience.
• The Japan Induction Hobs market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 0.65 million in 2024.
• The India Induction Hobs market had a market share of USD 0.57 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. India's kitchen modernization safety features.
• The South Korean Induction Hobs market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 0.47 million in 2024.
• The Australian Induction Hobs market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 0.25 million in 2024.
• The South East Asia Induction Hobs market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 0.33 million in 2024.
• The Rest of Asia Pacific Induction Hobs market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 0.34 million in 2024.

South America Induction Hobs

According to Cognitive Market Research, the global Induction Hobs market size was estimated at USD 20.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Induction Hobs market size was valued at USD 0.44 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Induction Hobss flourished in Brazil due to growing disposable income.
• Argentina's Induction Hobs market had a market share of USD 0.17 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. Argentina's government incentives.
• Colombia Induction Hobs market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 0.09 million in 2024.
• Peru Induction Hobs market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 0.08 million in 2024.
• Chile Induction Hobs market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 0.07 million in 2024.
• The Rest of Latin America's Induction Hobs market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 0.17 million in 2024.

Middle East and Africa Induction Hobs

According to Cognitive Market Research, the global Induction Hobs market size was estimated at USD 20.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 0.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..

• The GCC Countries Induction Hobs market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 0.18 million in 2024. Induction Hobs sales flourish due to the health-conscious cooking.
• The Egypt Induction Hobs market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 0.04 million in 2024.
• The South Africa Induction Hobs market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 0.07 million in 2024. Induction Hobs sales flourished in South Africa due to enterprise data management.
• The Turkey Induction Hobs market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 0.04 million in 2024.
• The Nigeria Induction Hobs market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 0.04 million in 2024.
• The Rest of the MEA Induction Hobs market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 0.05 million in 2024.

Induction Hobs Market Analysis

Induction Hobs Market Type Segment Analysis

According to Cognitive Market Research, Built-in Induction Hobs are likely to dominate the Induction Hobs Market over the forecast period. The built-in induction hobs section is driving growth within the induction hobs market as purchasers increasingly choose smooth, incorporated kitchen designs. These home equipment offer space-saving solutions and aesthetic appeal, catering to trendy lifestyle developments. Enhanced functionality and innovative capabilities, in addition, appeal to homeowners searching for an unbroken cooking experience in their kitchens.

The Freestanding Induction Hobs is the fastest-growing segment in the Induction Hobs Market. Freestanding induction hobs are gaining popularity in the induction hobs marketplace because of their versatility and ease of setup. They provide clients flexibility in kitchen layout and can be without difficulty moved or replaced. As more households are searching for inexpensive and green cooking solutions, freestanding models have become an appealing alternative.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Induction Hobs Industry. Request a Free Sample PDF!

Induction Hobs Market Size Segment Analysis

According to Cognitive Market Research, the 2-Burner segment holds the largest share of the market. The 2-burner induction hobs segment is increasing inside the induction hobs marketplace, particularly among consumers with confined kitchen areas or those seeking compact cooking solutions. These models offer performance and convenience for small households or people, making them best for urban dwellings, university dorms, or brief resorts.

In the Induction Hobs Market, the 3-Burner has been expanding at a rapid pace. The 3-burner induction hobs segment is experiencing a boom inside the induction hobs market, appealing to small households and urban dwellers. Offering a balance of compact design and flexibility, these appliances enable simultaneous cooking at the same time as saving area. Their electricity efficiency and brief heating capabilities, in addition, enhance their popularity among customers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Induction Hobs Material Segment Analysis

Induction Hobs Market Material Segment Analysis

According to Cognitive Market Research, Glass Ceramic segment holds the largest market share. Glass-ceramic induction hobs are used boom within the induction hobs marketplace because of their glossy appearance and clean maintenance. Their smooth floor complements aesthetic enchantment at the same time as offering efficient cooking overall performance. As customers prioritize fashion and functionality in kitchen design, glass ceramic fashions have become increasingly famous among cutting-edge families.

In the Induction Hobs market, the rapidly growing sector is Stainless Steel. Stainless steel induction hobs are gaining traction in the induction hobs market due to their sturdiness, sleek layout, and resistance to corrosion. These home equipment offer a contemporary aesthetic while making sure green cooking overall performance. As customers seek long-lasting and stylish kitchen answers.

• Cloud Glass Ceramic
• Stainless Steel

Induction Hobs End-Use Application Segment Analysis

Induction Hobs Market End-Use Application Segment Analysis

According to Cognitive Market Research, the Residential segment dominates the market. The residential phase is fueling growth inside the induction hobs marketplace as more homeowners include strength-efficient cooking answers. Increasing awareness of sustainability and comfort drives demand for induction technology in domestic kitchens. As cooking traits evolve and urbanization rises, residential adoption of induction hobs is predicted to continue expanding.

Commercial is projected to be the fastest-growing segment in the Induction Hobs market. The business segment is riding a boom inside the induction hobs market, as eating places and catering offerings are looking for green, electricity-saving cooking solutions. Induction hobs provide fast heating, specific temperature manipulation, and protection features, making them best for busy kitchens. This fashion is enhancing the enchantment of induction technology inside the food service enterprise.

• Residential
• Commercial

Induction Hobs Distribution Channels Segment Analysis

Induction Hobs Market Distribution Channels Segment Analysis

According to Cognitive Market Research, the Online Offline segment dominates the market. The online sales channel is significantly boosting the induction hobs market as customers an increasing number of decide on the ease of buying from home. E-commerce systems provide extensive kind of alternatives, aggressive pricing, and precise product facts. This trend is enhancing accessibility and driving better adoption costs of induction hobs amongst consumers.

Specialty Stores is projected to be the fastest-growing segment in the Induction Hobs market. The offline sales channel is contributing to the boom of the induction hobs marketplace as consumers price palms-on stories when purchasing kitchen appliances. Retail shops allow customers to peer product features, seek expert advice, and compare options at once. This tactile shopping enjoy stays essential for many customers in their choice-making technique.

• Online Offline
• Specialty Stores
• Hypermarkets/Supermarkets

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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