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India Induction Cooktop & Electric Cooker Market Outlook, 2026

  • ID: 5448455
  • Report
  • August 2021
  • Region: India
  • 88 Pages
  • Bonafide Research
OFF
until Dec 31st 2021

FEATURED COMPANIES

  • Bajaj Electricals Limited
  • Philips India Limited
  • TTK Prestige Limited
The recent report India Induction Cooktop & Electric Cooker Market Outlook, 2026, provides insights on the market, through market size by value & volume and market share by category, region, sales channel & company. Increasing awareness regarding safety has been attracting consumers towards advanced cooking appliances. The technology of the induction cooktop generates an electromagnetic field and transfer heat directly to the metal cookware that is made of ferrous metals such as steel and iron. An electric rice cooker is an electric appliance, having a non-stick coated inner removable bowl and insulated outer container. It boils the ingredients through heating using the electric element, available in either automatic or non-automatic variants.

Despite being costlier than the regular cookers, electric cookers are having an increase in demand in the country, due to factors such as rising disposable income, increasing urbanization, and rising awareness of using renewable energy products. In the year 2020-21, the electric cooker market accounted for a value of nearly INR 245 Cr., which by the forecasted period is expected to grow with an anticipated CAGR of 8.4% in volume terms. The rise in fuel prices for conventional gas cooktops and growth in modular kitchens trends along with comfort and safety benefits to the users are the major factors that drive the induction cooktops market. There has been an increase in the adoption of induction cooktops accounted for more than 10 Million Units in the year 2020-21.

Electric cookers are equipped with innovative features, like timer and heat adjustment knobs, etc. Some of the other benefits of electric cookers include hassle-free cooking with no need for fire and are beneficial for consumers during travel and also for the ones staying in hostels. Classifying on basics of category, the electric cooker market can be divided into three segments- Up to 3L, 3L to 5.99L, and 6L and more. While the 3L to 5.99L category leads the market with more than half of the market share, the 6L capacity category is to grow with an anticipated CAGR of more than 12%. Multi-functionality and power efficiency are also some of the major trends in the electric cookers market. Many vendors are introducing multifunctional electric cookers with LCD displays and voice navigation for enhanced convenience.

Currently, induction cooktops are in high demand among working women and the urban population, to ease operations and benefits towards healthy cooking. The north and west regions together are expected to be contributing to nearly 60% of the market share by the end of the forecasted period of 2026. Leading players are introducing smart electric cookers with built-in Wi-Fi connectivity that allows users to control functions through a smartphone. The introduction of such smart premium features is helping simplifying customer engagement, which is expected to further drive the growth of the electric cookers market during the forecast period. The induction cooktop market is segmented into three categories- Up To 1599 W, 1600-1999 W, and 2000 W & more segments. The market is led by the Up to 1599W segment with a marginal difference from the following segment of 1600-1999 W. However, the 2000 W & more segments are expected to grow with an anticipated CAGR of more than 12%.

Key Players mentioned in the report are: Butterfly Gandhimathi Appliances Limited, Preethi Kitchen Appliances Private Limited , Stovekraft Private Limited, TTK Prestige Limited, V-Guard Industries Limited, Whirlpool Of India Limited, Wonderchef Home Appliances Pvt. Ltd

The report gives an in-depth understanding of induction cooktop and electric cooker market in India:

  • India Electric Kitchen Appliance Market Outlook
  • India Induction Cooktop & Electric Cooker Market Outlook
  • India Induction Cooktop & Electric Cooker Market Size By Value & Forecast
  • India Induction Cooktop & Electric Cooker Market Size By Volume & Forecast
  • India Induction Cooktop Market Size By Value & Forecast
  • India Induction Cooktop Market Size By Volume & Forecast
  • India Induction Cooktop Market Segmental Analysis: By Company, By Region, By City
  • India Electric Cooker Market Size By Value & Forecast
  • India Electric Cooker Market Size By Volume & Forecast
  • India Electric Cooker Market Segmental Analysis: By Company
  • Product, Price and Variant Analysis of Induction Cooktop & Electric Cooker
  • The key vendors in this market space
  • Competitive Landscape & Strategic Recommendations
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology


The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of induction cooktop and electric cooker in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bajaj Electricals Limited
  • Philips India Limited
  • TTK Prestige Limited
1. Executive Summary

2. Report Methodology

3. India Demographics Insight

4. India Electric Kitchen Appliances Market Outlook
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share
4.2.1. By Company
4.2.2. By Product Type (Value & Volume)
4.2.3. By Sales Channel
4.2.4. By Region

5. India Induction Cooktop Market Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Company
5.2.2. By Category (Value & Volume)
5.2.3. By Region
5.2.4. By Sales Channel
5.3. Product, Price & Variant Analysis

6. India Electric Cooker Market Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share
6.2.1. By Company
6.2.2. By Category
6.2.3. By Region
6.2.4. By Sales Channel
6.3. Product, Price & Variant Analysis

7. India Economic Snapshot

8. PEST Analysis

9. Policy & Regulatory Landscape

10. Channel Partner Analysis

11. Indian Kitchen Appliances Market Dynamics
11.1. Key Drivers
11.2. Key Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Porters Five Forces Analysis
13.2. Company Profile
13.2.1. Bajaj Electricals Limited
13.2.2. Butterfly Gandhimathi Appliances Limited
13.2.3. Panasonic India Private limited
13.2.4. Philips India Limited
13.2.5. Preethi Kitchen Appliances Private Limited
13.2.6. Stove Kraft Private Limited
13.2.7. TTK Prestige Limited
13.2.8. Whirlpool Of India Limited

14. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Bajaj Electricals Limited
  • Butterfly Gandhimathi Appliances Limited
  • Panasonic India Private limited
  • Philips India Limited
  • Preethi Kitchen Appliances Private Limited
  • Stove Kraft Private Limited
  • TTK Prestige Limited
  • Whirlpool Of India Limited
Note: Product cover images may vary from those shown
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