Electric Stoves Market Report 2025

This Electric Stoves market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The electric stoves market size has grown strongly in recent years. It will grow from $16.1 billion in 2024 to $17.41 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to electrification of homes, urbanization and apartment living, mass production, electrification of rural areas.

The electric stoves market size is expected to see strong growth in the next few years. It will grow to $22.93 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to energy efficiency and sustainability, smart home integration, health and safety, compact living and urbanization, customization and aesthetics. Major trends in the forecast period include induction cooking, built-in and seamless designs, energy management and efficiency features, voice and app control, sustainable materials.

The increasing preference for energy-efficient cooking appliances is expected to drive the demand for electric stoves. Electric stoves are known for their cooking efficiency, surpassing gas cooktops, which often waste a significant amount of heat energy during cooking. Electric stoves are designed to minimize energy consumption while offering precise temperature control. For example, the introduction of energy-efficient appliances has led the US government to reduce its energy expenditures by 56%, resulting in decreased emissions.

The growing demand for electric stoves is anticipated to fuel the expansion of the electric stove market. Electric stoves, which use electricity as their primary energy source, have gained popularity due to their consistent and even heating, making them suitable for various cooking methods. According to the Energy Information Administration, approximately 68% of households in the US use electric appliances for cooking. In a US census involving 123 million respondents, over half (65 million) rely on electricity for their ovens and stoves. As a result, the increasing demand for electric stoves is a driving force behind the electric stove market's growth.

Major companies operating in the electric stoves market are focusing on developing innovative products, such as smart electric cooking stoves, to provide versatile, efficient, and stylish cooking solutions for modern kitchens. A smart electric cooking stove is an advanced kitchen appliance that connects to the internet, enabling users to control cooking functions remotely via smartphone apps or voice commands. It also offers features like automatic cooking settings, temperature monitoring, and recipe guidance. For instance, in October 2024, Xiaomi Inc., a China-based electronics and smart manufacturing company, launched the Mijia Electric Ceramic Stove S1. This smart electric stove is designed for modern kitchens, featuring 2200W of firepower, 10-level temperature adjustment, and an internal and external double-ring fire for precise heat control. It combines energy efficiency with versatility, making it suitable for diverse cooking needs while enhancing both convenience and style in the kitchen.

Leading companies in the electric stove market are focused on product innovation, as demonstrated by offerings like the Surya Nutan. The Surya Nutan serves as an electric stove equipped with solar thermal batteries to reduce household fuel expenses. In June 2022, the Indian Oil Corporation Limited introduced the Surya Nutan, a solar-electric indoor cooking stove that harnesses solar panel charging for its thermal batteries. With a ten-year lifespan and minimal maintenance requirements, this stove is used for cooking.

Major companies operating in the electric stoves market include Koninklijke Philips N.V., Panasonic Corporation, Haier Group Corporation, AB Electrolux, Robert Bosch GmbH, Broseley Fires, ESSE Engineering Ltd., Faber S.p.A., Galanz Group, General Electric Company, Whirlpool Corporation, Sunpentown International Inc., LG Electronics Inc., Fisher & Paykel Appliances Ltd., Smeg S.p.A., True Induction, Miele & Cie. KG, Waring Products, MENU SYSTEM, Chinducs Corporation, The Vollrath Company LLC, Fusibo Appliance, Summit Appliance Division Felix Storch Inc., Sub-Zero Inc., Andong Electric Co. Ltd., Samsung Electronics Co. Ltd., KitchenAid Inc., Maytag Corporation, Kenmore Appliances, Amana Corporation, Frigidaire International, Hotpoint Appliances, Jenn-Air Corporation, Viking Range LLC, Wolf Appliance Inc., Thermador, Dacor Inc., Bertazzoni S.p.A., Blomberg Appliances, Hisense Group Co. Ltd., Ilve S.p.A., La Cornue, Liebherr Group, Verona Appliances, Zephyr Corporation.

An electric stove is an electrical appliance that converts electricity into heat and serves as an alternative to gas stoves. Electric stoves typically feature a thermostat, spiral or coil-shaped burners placed on the cooktop for cooking, and heat-producing elements for baking.

The main product categories for electric stoves include built-in and free-standing models. Built-in stoves are self-contained appliances that fit snugly between cabinets and appear integrated into the kitchen setup. They typically consist of a cooktop with burners above an oven and may include a base drawer for storage. Electric stoves can be made from various materials, such as metal, stone, ceramic, and others, and they find applications in residential, commercial, and industrial settings for cooking and baking purposes.

The electric stoves market research report is one of a series of new reports that provides electric stoves market statistics, including electric stoves industry global market size, regional shares, competitors with a electric stoves market share, detailed electric stoves market segments, market trends and opportunities, and any further data you may need to thrive in the electric stoves industry. These electric stoves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the electric stoves market in 2024. Western Europe was the second-largest region in the electric stoves market. The regions covered in the electric stoves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric stoves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The electric stoves market consists of sales of stone stoves, metal stoves, ceramic stoves, and other electric stoves. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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