India Induction Cooktop Market Definition

The surface of the induction cooktops looks similar to standard glass-top. The induction cooking uses electromagnetic currents, whereas few electric appliances might use thermal conduction to transfer heat from the burner to the pan. The advantage of induction cooking is that, that it eliminates the middleman. It instantly heat ups the pan itself. The inductions are known to be much safer option than the gas stoves, because the inductions don’t get scorching hot.
The induction works as the current passes through a coiled copper wire, underneath cooking surface which creates a magnetic current throughout the cookware. The best thing about the induction is that, it keeps the entire cooktop cool to touch which prevents from burning. As per research induction cooking is more convenient from traditional cooking, because of less energy during cooking specially without fire.
As we came to know that it heats ups the cookware with electromagnetism, it means the system is highly efficient allowing for the precise control. This control basically leads to faster heating process, especially during any more time-consuming tasks.

India Induction Cooktop Market Overview

The recently uploaded report by Actual Market Research – India Induction Cooktop Market Overview, 2021-2026. The market in India has a greater volume than the electric cookers. In the current year 2020-21 the market has accounted more than 10 million units. The reason behind the popularity of the induction cooktops is because of the rising price of the gas cylinders, expanding middle-class, increase in number of working women and the rising availability. However, by observing the popularity of induction cooktops, the market will grow with CAGR of more than 12% in volume.
The induction market is segmented into three main categories, up to 1599 W, 1600-1999 W and 2000 W. the segment that is leading the market is the 1599 W segment with a slight difference from 1600-1999 W. with these the 2000 W is expected to grow with a CAGR of more than 12%.
The sales channels like supermarket, hypermarket and the convenience stores, have emerged and are offering a wide range of many new products in the country. The increase in the advance technology, the leading marketers are using the online sales channels and it’s increasing the market growth. In the northern and western region will have aggressive sales with contributing nearly 60% of the market share, whereas in other regions is expected to grow by the forecasted period. The cities like Delhi, Mumbai, Chennai, Bangalore and Pune are the major cities to increase the market growth in terms of value and volume.

Key Market Trends

The new features of the electric kettles and coffee makers is gradually gaining more popularity within the buyers in the market. These are easy to use and consumes less to boil water or to prepare a coffee. In India, the market is highly trending South India, especially the coffee makers, because of the high consumption of coffee in this part of India. By observing the high growth, the manufacturers are now introducing more new features in their products and making them more popular in the market.

Key Players

1. PIGEON FAVOURITE IC 1800 W INDUCTION COOKTOP
2. PHILIPS VIVA COLLECTION
3. PREETHI INDICOOK EXCEL PLUS IC 117 INDUCTION
4. PHILIPS HD4938/01 INDUCTION COOKTOP
5. HAVELLS INSTA COOK ST-X INDUCTION COOKTOP
6. KENT 16036 INDUCTION COOKTOP
7. BAJAJ MAJESTY ICX 7 INDUCTION COOKTOP

India Induction Cooktop Market: Segmentation Analysis

Supermarkets
Convenience stores
Hypermarkets 
Online sales channel

The report gives an in-depth understanding of Induction Cooktop market in India:
- India Electric Kitchen Appliance Market Outlook
- India Induction Cooktop Market Size by Value & Forecast
- India Induction Cooktop Market Size by Volume & Forecast
- India Induction Cooktop Market Share by Category, Sales Channel, Region and Company
- Product, Price and Variant Analysis of Induction Cooktop
-The key vendors in this market space

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Report Methodology: The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of induction cooktop and electric cooker in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.