The portable induction hobs market is estimated to reach a value of USD 257.2 million in 2023, having grown at a CAGR of 7.3% from 2018 to 2022. By the end of the forecast period 2023 to 2033, sales of portable induction hobs are projected to reach USD 494.4 million. It is expected to grow at a CAGR of 6.8%.
Portable induction hobs, also known as induction hobs or electric induction cooker, has witnessed growth and transformation due to several factors including advances in technology, changing preferences of consumers, and raising awareness about efficient and sustainable energy use.
The market has grown globally due to factors such as urbanization, smaller living spaces, and growing interest in energy-efficient cooking solutions. The exact market size may vary by region, but the demand for portable induction hobs is growing in both developed and emerging economies.
A key driver in the market is their energy efficiency. Induction hobs are known for their ability to transfer heat directly and quickly, resulting in lower energy consumption than traditional gas or electric stoves.
Portable induction hobs offer precise temperature control, fast heating, and safety features such as cool touch surfaces. These aspects contribute to their appeal, especially to families with young children and safety-conscious consumers.
The growing concern about environmental sustainability has prompted consumers to seek energy-saving and eco-friendly cooking solutions that match the benefits of induction hobs.
One of the challenges of the market is to ensure that consumers have utensils compatible with magnetic properties for portable induction hobs. Manufacturers often need to educate consumers about the right cookware options.
The initial cost of a portable induction hob may be higher than that of a traditional stove. Though, the potential for energy savings over time can offset the initial investment. Educating consumers about the benefits, operation, and maintenance of portable induction hobs is essential to encourage adoption and appropriate use.
The design and aesthetics of portable induction hobs play a role in consumer preferences, especially in sectors where home aesthetics are valued. The market is witnessing increasingly stiff competition with the entry of several brands, both established home appliance manufacturers and new players.
| Attributes | Key Insights |
|---|---|
| Estimated Portable Induction Hobs Market Size (2023E) | USD 257.2 million |
| Projected Market Value (2033F) | USD 494.4 million |
| Value-based CAGR (2023 to 2033) | 6.8% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per the Future Market Insights (FMI) analysis, sales of portable induction hobs rose at a CAGR of 7.3% globally over the historical period 2018 and 2022. The global market for portable induction hobs is anticipated to grow at a moderate CAGR of 6.8% over the forecast period.
Induction cooking technology was introduced in the late 20th century, but it took a while to catch up due to factors such as cost and lack of knowledge. Early portable induction hobs were relatively bulky and expensive, which limited their widespread adoption.
As technology improves and production costs decrease, portable induction hobs become more compact, affordable, and user-friendly. Companies have begun to focus on sleek and modern designs that make devices visually appealing to consumers.
The growing awareness of sustainability and energy efficiency issues has led to a growing interest in induction hobs. Portable induction hobs have gained popularity for their energy-saving operation, as they transfer heat directly to the cookware. This reduces heat loss and energy consumption.
The rise of smart home technology has also expanded into portable induction hobs. Manufacturers have introduced models with connectivity features, such as Wi-Fi compatibility and apps that allow users to control and monitor the stove remotely. This trend has added convenience and improved user experience.
Over time, portable induction hobs have become popular as consumers become more familiar with the technology and its benefits. The market has expanded beyond early adopters to include more consumers, including those looking for energy-efficient, space-saving appliances.
Manufacturers have begun to focus on improving cooking capabilities, offering multi-zone cooking options that allow users to cook multiple dishes at different temperatures at the same time. This innovation is intended to satisfy users who are looking for more flexibility and efficiency in their cooking.
Energy Efficiency and Sustainability: Increasing consumer awareness and concerns about energy efficiency and environmental impact have prompted manufacturers to develop energy-efficient portable induction hobs.
Smart and Connected Features: Like several other home appliances, portable induction hobs are becoming "smart". They are integrated with advanced control options, such as smartphone apps, voice command compatibility (via platforms like Amazon Alexa or Google Assistant), and Wi-Fi connectivity.
Aesthetic Design: The aesthetic appeal of portable induction hobs is becoming increasingly important. Manufacturers focus on sleek, modern designs that can blend seamlessly with different kitchen and home decor styles.
Multi-zone and Flexible Cooking: Some portable induction hobs have been designed with several cooking zones or "burners". This allows the user to cook different dishes at separate temperatures simultaneously. This flexibility appeals to users who want to optimize their cooking efficiency.
Cost and Accessibility: Induction technology has traditionally been associated with high prices. However, efforts have been made to make portable induction hobs more accessible to a wider range of consumers by offering models at different price points.
Convenience and Time-saving: Portable induction hobs are marketed as a time saver thanks to their fast heating and precise temperature control. This trend is especially appealing to busy individuals and families.
Principal Consultant
High Initial Cost: Portable induction hobs typically have a higher initial cost than traditional gas or electric stoves. This initial investment could deter price-sensitive consumers from adopting the technology.
Cookware Compatibility: Induction hobs require specific types of cookware with magnetic properties to function properly. Consumers may need to invest in new cookware if their existing pots and pans are not compatible, adding to overall costs.
Lack of Awareness: Despite the benefits of an induction hob, consumers may still be unfamiliar with the technology or how it works. The lack of awareness and education about the benefits of induction hobs can hinder adoption.
Product Quality and Reliability: Concerns about the quality, toughness, and reliability of portable induction hobs may affect consumer confidence in the technology.
Portable Loading Ramps Market:
| Attributes | Portable Loading Ramps Market |
|---|---|
| CAGR (2022 to 2032) | 4.7% |
| Market Value (2032) | USD 3,913.0 million |
| Growth Factor | Manufacturers focus on manufacturing portable loading ramps that can be customized to meet specific needs and applications. This trend has allowed companies to have ramps designed to accommodate different loads, vehicle types, and loading situations. |
| Opportunity | The growth of e-commerce and online shopping provides access to a broader customer base. Developing a user-friendly website, optimizing online presence, and leveraging digital marketing strategies can help attract customers who are looking for a portable loading ramp online. |
| Key Trends | As environmental concerns grow, manufacturers are starting to incorporate sustainable materials and adopt eco-friendly production methods to attract eco-conscious buyers. |
Portable Metal Detectors Market:
| Attributes | Portable Metal Detectors Market |
|---|---|
| CAGR (2022 to 2032) | 8.3% |
| Market Value (2032) | USD 2,667 million |
| Growth Factor | Manufacturers focus on creating portable metal detectors that are lightweight, convenient, and easy to use. This is important for the comfort and efficiency of security personnel who must carry and use equipment for extended periods. |
| Opportunity | The primary application of portable metal detectors is in public safety and security environments, including airports, government buildings, events, and public venues. As security concerns continue to grow globally, there is increasing demand for advanced portable metal detectors that offer improved sensitivity, accuracy, and ease of use. |
| Key Trends | Portable metal detectors are designed to serve a wide range of applications. They are used not only for safety and security purposes in areas such as airports and public places but also in fields such as construction, archeology, and geology. |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Country | United States |
|---|---|
| Market Value (2033) | USD 86.5 million |
| CAGR | 6.7% |
| Country | United Kingdom |
|---|---|
| Market Value (2033) | USD 17.5 million |
| CAGR | 6.6% |
| Country | Japan |
|---|---|
| Market Value (2033) | USD 73.9 million |
| CAGR | 6.6% |
| Country | China |
|---|---|
| Market Value (2033) | USD 105.5 million |
| CAGR | 6.6% |
| Country | South Korea |
|---|---|
| Market Value (2033) | USD 24.9 million |
| CAGR | 6.2% |
As per Future Market Insights (FMI), it is projected that the United States would be valued at USD 86.5 million by 2033. The market is likely to surge at a CAGR of 6.7% through 2033.
The market in the country is growing and changing due to a variety of factors. This includes consumer preferences, technological advancements, and environmental considerations.
The rising emphasis on energy efficiency and ecological sustainability has led to a growing interest in induction cooking technology. Portable induction hobs are known for their energy-efficient operation and precise heat control. This is crucial in driving their popularity among environmentally conscious consumers.
Urbanization and the trend of shrinking living spaces, such as apartments and condominiums, have spurred demand for compact, space-saving kitchen appliances. Portable induction hobs fit well in these environments due to their small footprint and versatility.
Technological innovations have improved the performance and functionality of portable induction hobs. Better temperature control, faster warm-up times, and integration with smart home systems have made these devices even more appealing to consumers.
Induction hobs offer safety benefits such as a cool surface to the touch and precise control of the cooking temperature, reducing the risk of burns and accidents in the kitchen.
As consumers become adventurous in the kitchen, the versatility of portable induction hobs is driving their sales. Being able to perform tasks from boiling water to simmering has made them a popular choice.
The portable induction hobs market in China is estimated to increase from a CAGR of 7.2% from 2018 to 2022 to 6.6% by 2033. The market is expected to reach a valuation of USD 105.5 million by 2033.
China's urban environment and limited living space, especially in cities like Shanghai, have contributed to the popularity of compact, space-saving kitchen appliances such as portable induction hobs.
The focus on energy conservation matches the energy-saving nature of induction cooking, making portable induction hobs an attractive option for environmentally conscious consumers.
China-based consumers often prioritize product quality and innovative features. Manufacturers have responded by offering portable induction hobs with advanced technology, durability, and functional design.
Induction hob safety features, such as instant heating and surface cooling to the touch, are suitable for consumers who prioritize safety in their kitchens. The precise temperature control offered by the induction hob also appeals to those looking for consistent cooking results.
According to FMI, the residential segment is expected to dominate the application of portable induction hobs with a CAGR of 7.1% from 2018 to 2022. It is expected to grow at a significant 6.5% CAGR from 2023 to 2033.
Portable induction hobs have become popular in residential applications due to their convenience, energy savings, safety features, and versatile cooking capabilities. Here's how a portable induction hob is incorporated in a residential setting:
As the trend towards compact living, energy saving, and smart home technology continues, the demand for portable induction hobs in residential applications is expected to continue. Manufacturers in the United States also focus on aesthetic design, user-friendly, and perfectly suitable for modern kitchens.
In the type segment, the low-power induction hobs (below 0.8KW) segment is expected to dominate the portable induction hobs market with a CAGR of 6.7% by 2033.
Low-power induction hobs, especially below 0.8 kW (800 watts), offer unique advantages and applications in the portable induction hobs market. Here's how low-power induction hobs fit into the portable induction hob market and their potential benefits:
Low-power induction hobs are compatible with solar-powered systems due to their low energy requirements. This compatibility is especially beneficial for off-grid or sustainable living scenarios where solar panels are used to generate electricity. These hobs are suitable for specialized cooking techniques that require low, continuous heat, such as delicate custard, chocolate brewing or slow-cooked dishes.
For individuals or couples who cook smaller portions, a low-power induction hob can be a convenient and energy-efficient option for daily meal preparation. Low-power induction hobs can be used for food preservation tasks such as dehydrating fruit juices or making homemade jams and jellies.
In educational settings or cooking classes, low-power induction hobs can provide a safe and controlled environment to teach cooking techniques that require mild heat.
While low-power induction hobs offer several advantages, they may not be suitable for all cooking tasks due to their low heat output. Furthermore, the low-power induction hob market is likely to grow as durability, energy efficiency and adaptability continue to be significant considerations for consumers.
The portable induction hobs market is fiercely competitive and is characterized by the occurrence of several regional and global suppliers. The growing number of new suppliers will strengthen the modest setting of the market. These suppliers are progressively competing with each other based on aspects such as product pricing, technology, product quality, and product portfolio.
Key manufacturers in the portable induction hobs market focus on growing market share and profit margins by highlighting business growth and product launch and innovation.
For instance,
In November 2019, Robert Bosch GmbH announced the launch of Bosch induction hobs allowing users to synchronize their stoves with a wall-mounted range hood for automatic placement when the induction hob is switched on.
In October 2020, the Philips Induction Cooker Hd4929 launched an inexpensive induction cooker model.
| Attributes | Details |
|---|---|
| Market Estimated Value in 2023 | USD 257.2 million |
| Market Forecast Size in 2033 | USD 494.4 million |
| Anticipated Growth Rate (2023 to 2033) | 6.8% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD million) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
| Key Market Segments Covered | Type and Applications |
| Key Companies Profiled | Electrolux AB; Groupe SEB; Haier Group; Koninklijke Philips N.V.; LG Electronics, Inc |
The portable induction hobs market is valued at USD 257.2 million in 2023.
The portable induction hobs market is expected to be worth USD 494.4 million by 2033.
The portable induction hobs market is rising at a 6.8% CAGR through 2033.
The residential segment is expected to lead the market at a 7.1% CAGR through 2033.
The United States is dominating the market sales with a 6.7% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types 5.1. Low Power Induction Hobs (Below 0.8KW) 5.2. Common Power Induction Hobs (1KW to 2.5KW) 5.3. High Power Induction Hobs (3KW to 35KW) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Applications 6.1. Residential 6.2. Commercial 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Electrolux AB 17.2. Groupe SEB 17.3. Haier Group 17.4. Koninklijke Philips N.V. 17.5. LG Electronics, Inc. 17.6. Middleby Corporation 17.7. Midea Group Co., Ltd. 17.8. Panasonic Corporation 17.9. Robert Bosch GmbH 17.10. Samsung Electronics Co., Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Industrial Automation Insights
View Reports
Portable Induction Hobs Market
