The global induction stove market attained a value of nearly USD 19.15 Billion in 2025. The market is estimated to grow in the forecast period of 2026-2035 at a CAGR of 6.40% to reach about USD 35.61 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6.4%
Value in USD Billion
2026-2035
*this image is indicative*
Europe holds a significant share in the global induction stove market on account of the rising popularity of induction cooking due to the increasing awareness regarding its energy benefits. The increasing adoption of induction stoves in homes, the expansion of key market players like Robert Bosch GmbH, and the introduction of innovative marketing strategies by the leading companies are influencing the market growth of induction stove in the region.
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Meanwhile, the Asia Pacific region is expected to witness significant growth on account of the surging demand for clean and hassle-free cooking technology owing to rapid urbanisation and the increasing disposable income of consumers. The increasing preferences for contemporary appliances and the rising adoption of modular kitchens in emerging countries like China and India are expected to aid the market, which is anticipated to significantly contribute to the market for induction stove in the forecast period.
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An induction stove refers to a cooking surface that heats by shifting currents from an electromagnetic field placed below the glass surface directly to the magnetic induction cookware placed above. Induction stoves heat faster than electric and gas counterparts, due to which it facilitates fast cooking results. Moreover, induction stove posits various benefits such as easy cleaning, energy-efficiency, and cost-effectiveness.
The market for induction stove, by product, is divided into:
The market can be broadly categorised on the basis of distribution channels into:
Based on application, the market is segmented into:
The EMR report looks into the regional markets of induction stove like:
The induction stove market is expected to grow on account of the increasing commercial and residential expansion projects and the growing demand from home and professional chefs for pro-style gas ranges. With an increase in the number of restaurants and the growing food industry, the adoption of induction stoves is expected to propel. The changing lifestyle and increasing demand for a safe way to cook among consumers are also boosting induction stove demand as it does not release gas into the air and does not catch fire, which is expected to bolster the market growth in the forecast period. Based on application, the residential segment is expected to fuel the market growth as induction stove is increasingly preferred in homes due to their excellent cooking results, cool cooking surfaces, and enhanced energy-efficiency.
The report presents a detailed analysis of the following key players in the global induction stove market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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In 2025, the global induction stove market attained a value of nearly USD 19.15 Billion.
The market is assessed to grow at a CAGR of 6.40% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach almost USD 35.61 Billion by 2035.
The major market drivers are rapid urbanisation, the rising awareness regarding energy benefits of induction stove, and the increasing demand for safer cooking.
The key market trends include the growing adoption of induction stove in commercial and residential sectors, the rising preference for clean and hassle-free cooking technology, and the increasing adoption of induction stoves in the foodservice industry.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products of induction stove in the market are built-in, free-standing, and portable.
The different distribution channels of induction stove include supermarkets/hypermarkets and e-commerce stores.
The different applications of induction stove in the market are residential and commercial.
The major players in the market are Robert Bosch GmbH, Samsung Electronics Co., Ltd., Whirlpool Corporation, LG Electronics Inc., and Panasonic Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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