IH Electric Cookers Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 6.9 Billion by 2033, exhibiting a CAGR of 8.2% from 2026 to 2033.
In 2022, the global IH (Induction Heating) Electric Cookers market demonstrated significant regional variations in size and market share. North America accounted for approximately 35% of the market revenue, with Europe following at 30%. The Asia Pacific region contributed around 25%, while Latin America and the Middle East & Africa each held about 5% of the market share. Notably, the Asia Pacific region emerged as the fastest growing market, driven by increasing urbanization and rising disposable incomes. Within this region, China and India are experiencing substantial growth due to the expanding middle class and heightened consumer interest in energy efficient cooking appliances. In India, the cookers and ovens market was valued at USD 14,892.0 million in 2021 and is projected to reach USD 22,153.6 million by 2028, growing at a CAGR of 5.8% from 2022 to 2028. The market segmentation by product type reveals that single burner IH electric cookers are particularly popular among small households and individuals residing in compact spaces, owing to their portability and space saving design. Conversely, multi burner IH electric cookers are gaining traction in larger households and commercial kitchens due to their ability to prepare multiple dishes simultaneously. Technological advancements, such as the integration of smart features like touch controls and Wi Fi connectivity, are enhancing user experience and driving adoption across both segments. The commercial sector, encompassing restaurants and catering services, also represents a significant growth area, as these establishments seek efficient and reliable cooking equipment to meet high volume demands.
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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. 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 IH Electric Cookers Market
Pressure IH Cookers
Non-Pressure IH Cookers
Multi-function IH Cookers
Rice IH Cookers
Residential
Commercial
Catering Services
Restaurants
Small (Up to 2 Liters)
Medium (2 to 4 Liters)
Large (4 to 7 Liters)
Extra Large (Above 7 Liters)
Manual Control
Digital Control
Smart Control (IoT-enabled)
Touchscreen Control
Online Retailers
Physical Retail Stores
Wholesale Distributors
Direct-to-Consumer Sales
US (United States, US 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 IH Electric Cookers 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 IH Electric Cookers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IH Electric Cookers Market, By Type
6. Global IH Electric Cookers Market, By Application
7. Global IH Electric Cookers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IH Electric Cookers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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