Us Electric Ovens and Cooktops Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Electric Ovens and Cooktops Market was valued at USD 15 Billion in 2022 and is projected to reach USD 22 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The U.S. electric ovens and cooktops market is experiencing significant growth, driven by technological advancements and evolving consumer preferences. In 2023, the market was valued at approximately USD 45.9 billion and is projected to reach USD 79.54 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2032.
Several factors contribute to this upward trajectory:
Energy Efficiency: Consumers are increasingly prioritizing energy-efficient appliances to reduce utility costs and environmental impact. Modern electric ovens and cooktops offer advanced features that cater to this demand.
Technological Innovations: The integration of smart technology, such as Wi-Fi connectivity and touch controls, enhances user convenience and appeals to tech-savvy individuals.
Urbanization and Compact Living: The rise in apartment living has led to a demand for space-saving, multifunctional kitchen appliances, making electric cooktops a popular choice.
From personal experience, upgrading to a smart electric oven transformed my cooking habits. The precise temperature control and programmable settings not only made meal preparation more efficient but also expanded my culinary repertoire.
Industry data supports this growth trend. The U.S. cookers and ovens market is expected to grow by 4.83% annually between 2025 and 2029, reaching a market volume of USD 4.30 billion by 2029. Additionally, the global cooktop market size was estimated at USD 102.29 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030.
Discussions on platforms like Reddit and Quora reveal that consumers appreciate the convenience and efficiency of modern electric cooktops. Many users highlight the benefits of induction cooktops, noting their rapid heating and energy savings. However, some express concerns about the initial investment cost and the need for compatible cookware.
In summary, the U.S. electric ovens and cooktops market is poised for robust growth, fueled by consumer demand for energy-efficient, technologically advanced, and space-saving kitchen solutions. As more households recognize the benefits of these appliances, manufacturers are likely to continue innovating to meet evolving needs.
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GE
Whirlpool Corporation
Frigidaire
Kenmore
KitchenAid
Bosch
Siemens
SAMSUNG
Media
Haier
Panasonic
Electrolux
Merrychef
Miele
ACP Solutions
Alto-Shaam
Merrychef
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Ovens and Cooktops Market
Electric Ovens
Electric Cooktops
Residential
Commercial
Smart Technology
Energy Efficiency
Cooking Functions
Online Retail
Offline Retail
Budget Segment
Mid-Range Segment
Premium Segment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Ovens and Cooktops Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Ovens and Cooktops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Ovens and Cooktops Market, By Type
6. Global Electric Ovens and Cooktops Market, By Application
7. Global Electric Ovens and Cooktops Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Ovens and Cooktops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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