This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Commercial Induction Cooktops Market

Market Insights on Commercial Induction Cooktops covering sales outlook, demand forecast & up-to-date key trends

Commercial Induction Cooktops Market by Number Of Hobs, Type Of Installation, End User & Region - Forecast 2022 - 2032

Commercial Induction Cooktops Market Snapshot

The global commercial induction cooktops market size is expected to be valued at US$ 17.5 Billion in 2032 and exhibit immense growth at a CAGR of 8.2% in the forecast period from 2022 to 2032. Increasing number of non-residential development projects across the globe is anticipated to drive the sales of commercial induction cooktops in future years. As per FMI, the global commercial induction cooktops market is likely to reach US$ 12.3 Billion in 2022.

Report Attribute

Details

Commercial Induction Cooktops Market Estimated Base Year Value (2021)

US$ 11.6 Billion

Commercial Induction Cooktops Market Expected Market Value (2022)

US$ 12.3 Billion

Commercial Induction Cooktops Market Anticipated Forecast Value (2032)

US$ 17.5 Billion

Commercial Induction Cooktops Market Projected Growth Rate (2022-2032)

8.2% CAGR

Commercial induction cooktops take up less space and energy, as compared to electric or gas cooktops. These are also more durable and efficient. These can easily convert electrical energy into heat and transfer the same to the cookware.

Demand for commercial induction cooktops are likely to surge at a rapid pace in the upcoming years backed by their ability to reduce the overall cooking time, save energy, and provide an even heat distribution.

These do not heat up the stovetop, but only the cookware. Thus, dust and dirt do not affect the heating process negatively. The emergence of various cutting-edge products equipped with novel features is projected to augment the sales of commercial induction cooktops in the assessment period.

Which Factors Are Pushing the Commercial Induction Cooktops Market Growth

The rising adoption of energy efficient kitchen appliances and rapid urbanization are some of the major factors that are likely to push the commercial induction cooktops market growth in the evaluation period. Increasing prices of conventional cooking fuel and rapidly changing lifestyles of people are also anticipated to bode well for the global market.

Moreover, the surging number of eateries and fast food restaurants across the globe on the back of rising disposable income and busy lifestyles of consumers is set to drive the market. Increasing investments by various real-estate companies in the development of commercial infrastructure is another vital factor that is estimated to fuel growth.

Customize this Report

Let us know your requirement to get
100% FREE customization

Which Factors Are Hampering the Commercial Induction Cooktops Market Growth

The requirement of high initial investments for the installation of specialized cookware in commercial spaces may hamper the commercial induction cooktops market size in future. As compared to conventional gas cooktops, modern induction cooktops are expensive. Thus, not many people living in emerging economies can invest in these.

How are Manufacturers Driving the Europe Commercial Induction Cooktops Market

Europe is expected to procure the largest commercial induction cooktops market share in the forthcoming years. This growth is attributable to the increasing adoption of technologically advanced induction cooktops in hotels and restaurants across the U.K., Italy, and Germany.

In addition to that, the presence of numerous market participants in these countries is likely to drive growth. These key players are increasingly focusing on employing cutting-edge technologies and offering new features, such as stunning LED displays, accurate temperature control, slider control, and four cooking zones to attract more customers. This factor is also expected to augur well for the Europe market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

What is the Asia Pacific Commercial Induction Cooktops Market Outlook

The ever-increasing population and rising spending power of consumers in India, China, and Japan are anticipated to accelerate the Asia Pacific commercial induction cooktops market growth. Surging preferences for contemporary appliances in restaurants and canteens are also expected to push the regional market.

The increasing number of educational and healthcare institutions across Asia Pacific is driving the rapid development of canteens. Also, the growing number of shopping malls and office buildings in urban areas are likely to augment the market.

Market Competition

Some of the renowned companies present in the global commercial induction cooktops market include Panasonic Corporation, CookTek, The Vollrath Company, LLC, Garland Group, Elecpro, APW Wyatt, Equipex, True Induction, Globe Food Equipment Co., Lincat Limited, Buffalo, Fisher & Paykel Appliances Limited, ELAG Products GmbH, Dipo Induction, Admiral Craft Equipment Corp., Hatco Corporation, and Spring USA among others.

The global market is highly fragmented with the presence of a large number of international and domestic companies. Majority of these key players are striving to generate more share in the market. They are mainly focusing on launching innovative products and investing huge sums in research and development activities to gain a competitive edge.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8.2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Number of Hobs
  • Type of Installation
  • End User
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Panasonic Corporation
  • CookTek
  • The Vollrath Company, LLC
  • Garland Group
  • Elecpro
  • APW Wyatt
  • Equipex
  • True Induction
  • Globe Food Equipment Co.
  • Lincat Limited
  • Buffalo
  • Fisher & Paykel Appliances Limited
  • ELAG Products GmbH
  • Dipo Induction
  • Admiral Craft Equipment Corp.
  • Hatco Corporation
  • Spring USA

Customization

Available Upon Request

Key Segments Profiled in the Commercial Induction Cooktops Industry Survey

By Number of Hobs:

  • Single Hob Commercial Induction Cooktops
  • Double Hob Commercial Induction Cooktops
  • Multi Hob Commercial Induction Cooktops

By Type of Installation:

  • Countertop Commercial Induction Cooktops
  • Drop-In Commercial Induction Cooktops
  • Floor-Standing Commercial Induction Cooktops

By End User:

  • Restaurants
  • Hotels
  • Canteens
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global commercial induction cooktops market is anticipated to surpass US$ 17.5 Billion in 2032.

North America is set to lead the commercial induction cooktops market in the forecast period.

Panasonic Corporation, CookTek, The Vollrath Company, LLC, Garland Group, Elecpro, APW Wyatt, and Equipex are some of the renowned companies in the commercial induction cooktops market.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Industrial Automation Insights

View Reports
Google translate

Commercial Induction Cooktops Market