Market Trends of Residential Induction Cooktops Industry
Sustainability and Energy Efficiency is Driving the Market Growth
The energy efficiency of induction cooktops is one of the most attractive characteristics of this cooking method. Induction cooktops are one of the most energy-efficient appliances, with the energy consumed transferred to the food, compared to electric and gas cooktops.
Buyers will appreciate that these cooktops use less energy, which is better for the climate and could even lower electric bills. And more potential buyers are putting energy efficiency at the top of their wish lists when it comes to homes, with buyers considering it a key desirable feature.
As a result, converting LPG stoves to induction stoves can be one of the policy alternatives used by the government of Indonesia to achieve energy sustainability and minimize carbon emissions.
Increasing Demand of Induction Cooktops for Home Cooking is Anticipated to Drive the Market
According to the Brazilian Journal of Nutrition, more than half of the participants in a study of 1,005 people said they cooked more frequently after the pandemic than before.
In addition, the rising need for energy efficiency and low operating costs is also fostering the market growth of induction cooktops. For instance, according to the IOP Conference Series on Materials Science and Engineering, electrical energy now dominates household energy demand, which is expected to increase by 50 percent by 2050.
