Global Induction Stove Market Projected to Register A CAGR of 7.8% Between 2016-2020

Date: 2016-09-23

While the cookware gets heated, the glass top and the air surrounding the vessel do not. This makes an induction stove a safer and more energy-efficient option compared to a gas stove. Induction stove, also known as induction hobs, are more versatile and allow quick and controlled heating when compared to traditional gas stove.

Thanks to convenience of the Induction Stove, the global induction stove market is expected to grow at a CAGR of 7.8% during the forecast period 2016-2020.

In terms of geography, the forecast for the induction stove market in India to grow at a CAGR of 8.2% during the period 2016-2020, and China is holding the position of world largest demanding area around the world, which still is expected to at a highest CAGR of 8.7% across the world over forecast period. 

In western countries, the North America and EU leading the premium Induction Stove market places, those brand such as Philips, BSH Bosch und Siemens Hausgeräte, Panasonic, Whirlpool and AB Electrolux etc.

Induction Stove heats a cooking vessel by magnetic induction, instead of by thermal conduction from a flame, or an electrical heating element. Because inductive heating directly heats the vessel, very rapid increases in temperature can be achieved.

Induction stove market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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