Smart Cooktops Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The global smart cooktops market has experienced significant growth from 2018 to 2022, driven by increasing consumer demand for convenient, energy-efficient, and technologically advanced cooking solutions. The market has been influenced by advancements in induction cooking technologies, IoT-enabled smart features, and the growing trend towards connected home appliances. These innovations have transformed cooking experiences, offering benefits like touchless control, energy-saving modes, and enhanced cooking precision. The growth of smart cooktops during this period is also attributed to changing consumer lifestyles, where convenience and time-saving appliances play a crucial role. As the global demand for smart kitchens and home automation continues to rise, the outlook for smart cooktops is optimistic. In 2022, the market saw a steady demand with an increasing number of households adopting these cutting-edge appliances. Smart cooktops have emerged as a prominent category in the broader smart home ecosystem, becoming more mainstream as consumers prioritize smart functionalities and energy-efficient cooking solutions.
Looking ahead from 2023 to 2033, the demand for smart cooktops is expected to surge even further. This is largely due to factors such as technological innovations, growing awareness of energy conservation, and the increasing adoption of IoT-enabled kitchen appliances. The potential of smart cooktops to integrate with other connected devices such as smart refrigerators, smart ovens, and AI-powered cooking assistants will further drive the market growth. As sustainability concerns continue to gain importance among consumers, smart cooktops are expected to offer energy-efficient cooking solutions, positioning them as an attractive option for eco-conscious buyers. Additionally, ongoing research and development in smart cooking technology, such as advanced touch controls, voice recognition, and AI-driven cooking modes, will contribute to the expansion of the market. The increasing popularity of electric and induction cooktops due to their low environmental impact is expected to play a pivotal role in the growth of the smart cooktops sector. Furthermore, as the penetration of smart home devices grows, smart cooktops are set to become more accessible to a broader audience.
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Samsung Electronics Co.
Ltd.
GE Appliances
BSH Home Appliances Corporation
Whirlpool Corporation
Electrolux Home Products
Inc.
LG Electronics Inc.
BuzzFeed
Inc.
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 Smart Cooktops Market
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest Smart Cooktops market share In 2023.
Gas Cooktop
Induction Cooktop
Hybrid Cooktop
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 Smart 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 Smart Cooktops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Smart Cooktops Market, By Type
6. Global Smart Cooktops Market, By Application
7. Global Smart Cooktops Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Smart Cooktops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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