The Asia Pacific Household Induction Cooktops Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 7,479.9 thousand units, showcasing a growth of 8.3% (2019-2022).
A notable trend in the household induction cooktops market is the integration of smart technologies. Manufacturers are incorporating features such as programmable cooking settings, connectivity with mobile devices, and compatibility with smart home ecosystems. This trend aligns with the broader movement towards smart homes, where consumers seek interconnected appliances for greater convenience and control. The aesthetics of induction cooktops have become a focal point in consumer choices.
The modern and sleek design of induction cooktops aligns with contemporary kitchen aesthetics. Consumers are increasingly interested in appliances that offer functionality and contribute to their kitchens' overall visual appeal. Induction cooktops can be installed flush with countertops, creating a seamless and integrated appearance. This design feature enhances the overall continuity of the kitchen surfaces, contributing to a polished and contemporary look. Many induction cooktops feature frameless designs, where the cooking surface seamlessly blends into the countertop without any visible edges.
With their sleek and minimalist design in the Asia Pacific, induction cooktops contribute to the modern look of kitchens, aligning with consumers' preferences in urban areas. The prevalence of high-rise apartments in urban areas necessitates kitchen appliances that are both efficient and space-conscious in Asia Pacific. In Asia Pacific countries, where urbanization and modernization are prevalent, consumers appreciate the aesthetics of induction cooktops, which often align with contemporary kitchen designs. All these factors will uplift the regional market’s expansion in the coming years.
The China market dominated the Asia Pacific Household Induction Cooktops Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,669.9 Million by 2030. The Japan market is registering a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.7% during (2023 - 2030).
Based on Type, the market is segmented into Built-In, and Free-Standing & Portable. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, LG Corporation, Panasonic Holdings Corporation, Sub-Zero Group, Inc., Haier Smart Home Co., Ltd. (Haier Group Corporation), Koninklijke Philips N.V., Robert Bosch GmbH, SMEG S.p.A., AB Electrolux, and Miele & Cie. KG.
A notable trend in the household induction cooktops market is the integration of smart technologies. Manufacturers are incorporating features such as programmable cooking settings, connectivity with mobile devices, and compatibility with smart home ecosystems. This trend aligns with the broader movement towards smart homes, where consumers seek interconnected appliances for greater convenience and control. The aesthetics of induction cooktops have become a focal point in consumer choices.
The modern and sleek design of induction cooktops aligns with contemporary kitchen aesthetics. Consumers are increasingly interested in appliances that offer functionality and contribute to their kitchens' overall visual appeal. Induction cooktops can be installed flush with countertops, creating a seamless and integrated appearance. This design feature enhances the overall continuity of the kitchen surfaces, contributing to a polished and contemporary look. Many induction cooktops feature frameless designs, where the cooking surface seamlessly blends into the countertop without any visible edges.
With their sleek and minimalist design in the Asia Pacific, induction cooktops contribute to the modern look of kitchens, aligning with consumers' preferences in urban areas. The prevalence of high-rise apartments in urban areas necessitates kitchen appliances that are both efficient and space-conscious in Asia Pacific. In Asia Pacific countries, where urbanization and modernization are prevalent, consumers appreciate the aesthetics of induction cooktops, which often align with contemporary kitchen designs. All these factors will uplift the regional market’s expansion in the coming years.
The China market dominated the Asia Pacific Household Induction Cooktops Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,669.9 Million by 2030. The Japan market is registering a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.7% during (2023 - 2030).
Based on Type, the market is segmented into Built-In, and Free-Standing & Portable. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, LG Corporation, Panasonic Holdings Corporation, Sub-Zero Group, Inc., Haier Smart Home Co., Ltd. (Haier Group Corporation), Koninklijke Philips N.V., Robert Bosch GmbH, SMEG S.p.A., AB Electrolux, and Miele & Cie. KG.
Scope of the Study
Market Segments Covered in the Report:
By Type (Volume, Thousand Units, USD Billion, 2019-2030)- Built-In
- Free-Standing & Portable
- Offline
- Online
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
Companies Profiled- Whirlpool Corporation
- LG Corporation
- Panasonic Holdings Corporation
- Sub-Zero Group, Inc.
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Koninklijke Philips N.V.
- Robert Bosch GmbH
- SMEG S.p.A.
- AB Electrolux
- Miele & Cie. KG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Household Induction Cooktops Market, By Type
Chapter 5. Asia Pacific Household Induction Cooktops Market, By Distribution Channel
Chapter 6. Asia Pacific Household Induction Cooktops Market, By Country
Chapter 7. Company Profiles
Companies Mentioned
- Whirlpool Corporation
- LG Corporation
- Panasonic Holdings Corporation
- Sub-Zero Group, Inc.
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Koninklijke Philips N.V.
- Robert Bosch GmbH
- SMEG S.p.A.
- AB Electrolux
- Miele & Cie. KG
Methodology
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