United States (USA) Induction Cooktop Market Research Report, 2028

United States (USA) Induction Cooktop Market Research Report, 2028

Actual Market Research 30-01-2023 59 Pages Figures : 5 Tables : 11 Region : North America Country : United States Category : Consumer Goods & Services Appliances & Equipment

Induction cooking has always been popular because of its energy efficiency and low environmental impact. In addition, trendsetting restaurateurs and professional chefs are induction cooking enthusiasts, as they appreciate a newfound combination of precision and practicality. The induction cooktop is one of the classy technological developments used in the cooking of food in an easy and proficient way. It works on electricity and is incredibly safe to utilize. Induction cooktops are energy productive and help in quick cooking of the food as compared to other conventional cooking apparatuses. They are solid, durable, and extremely simple to clean since they are made of earthenware or glass cooktops. According to the research report "United States (USA) Induction Cooktop Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add 28,47.20 million in the upcoming period, 2023–2028. In the United States, the adoption of induction cooktops has been slow, although consumers have begun to purchase them. Built-In is dominating the market due to its features like Space Saving, Energy Efficient, Easy to Clean, Safety, Speed, Sleek Design, and Durability which are attracting consumers. Built-in Kitchen Appliances are integrated kitchen appliances permanently installed inside the kitchen space. Induction is more efficient than typical electric and gas-based technology. The contents inside the heated pots and pans are heated using conduction and convection, with very little inefficiency. The US market holds the largest market share in North America due to the rise in the cost of other cooking appliances like gas or electric stoves, a drop in the price of induction cooktops, or a surge in the popularity of cooking programmes using induction cooktops, which are some variables that could raise the demand for induction cooktops. Due to the pots and pans needing to contain enough iron to generate a magnetic field, Copper, aluminum, and ceramic wares don't work. Every manufacturer (GE, LG, and Samsung) confirmed that the concern over compatibility is a major reason for the slow growth. Almost 70 percent of people said they might or would consider induction for their next range or cooktop, but only 3 percent currently have an induction appliance in their kitchen. That may be because in the past, induction ranges were far more expensive than radiant electric smoothtops. And while switching from a traditional electric range to an induction one only requires plugging in the new appliance, switching from a gas range can mean higher installation fees. And the recently passed Inflation Reduction Act allocates $4.5 billion to states to provide rebates on the purchase of new electric appliances, including induction ranges and cooktops, which could reduce your expenses for buying and installing a new induction appliance. A federal agency in the US is considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma. The United States Consumer Product Safety Commission (CPSC) is grappling with how to address gas stoves. These common kitchen appliances can pose a risk to human health by emitting air pollutants indoors. The federal agency, which aims to reduce injuries and deaths linked to consumer products, will consider a ban on new gas stoves along with other, less drastic measures, such as implementing emissions standards, reports Bloomberg’s Ari Natter. Due to the safety and government concern the people started adopting induction cooktop. People in the United States will begin to use induction cooktops in the future, and the trend will continue. The cooktops are preferred by consumers owing to their energy-efficient methods of preparing food. The product is also favourable in terms of safety as compared to traditional stoves. Unlike a gas stove or burner, the induction cooktop does not produce heat on its own; a pan or any cookware must be placed on top of it to create precise, instantaneous, and manageable heat. The growing adoption of innovative smart kitchen appliances in the US has contributed to the growth of the household induction cooktop market. Automatic operation in household cooking equipment has been a great success in gaining consumers' attention all over the world. US market participants have been frequently coming up with innovative products. These high-tech products are becoming popular among the consumers owing to the plenty of benefits they provide. Considered in this report • Geography: United States • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • US Induction Cooktop market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Built-In • Freestanding By Application: • Residential • Commercial By Distribution Channel: • Specialty Store • Hypermarkets & Supermarkets • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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