PUBLISHER: Astute Analytica | PRODUCT CODE: 1804282
PUBLISHER: Astute Analytica | PRODUCT CODE: 1804282
The US induction cooktop market currently stands at a pivotal moment, influenced by a combination of policy-driven electrification efforts and evolving consumer preferences within households. In 2024, this market was valued at approximately US$ 3,433.16 million and is projected to nearly double, reaching an estimated valuation of US$ 6,735.67 million by 2033. This growth corresponds to a compound annual growth rate (CAGR) of 7.87% during the forecast period from 2025 to 2033, underscoring a robust and sustained expansion driven by several key factors.
One of the primary forces propelling the adoption of induction cooktops in the US is the increasing emphasis on regulations, electrification incentives, and heightened consumer awareness around health and environmental benefits. These elements collectively encourage a transition away from traditional gas appliances toward electric alternatives that offer improved energy efficiency and reduced emissions. The momentum in the market outlook is now decisively shaped by energy-forward building codes that prioritize electrification in new construction and renovation projects.
Competition within the US induction cooktop market has increasingly concentrated around five major brands: GE Profile, Whirlpool, Samsung, LG, and Bosch. Over the past eighteen months, these companies collectively introduced 61 new induction models, each equipped with advanced features such as Wi-Fi diagnostics and support for the Matter 1.2 standard, which enhances device interoperability within smart home ecosystems. This surge in product offerings reflects a highly dynamic and technology-driven market where innovation and connectivity are key competitive factors.
Among these competitors, LG, Samsung, and Whirlpool have carved out a significant presence by leveraging domestic production capabilities, integrated smart ecosystems, and extensive service networks. Together, they command approximately 27% of the market share, particularly benefiting from expansion within the mid-price segment. Their ability to produce appliances locally strengthens supply chain resilience and responsiveness to market demands, while their smart home platforms foster consumer loyalty through seamless integration and added convenience.
Core Growth Drivers
Municipal policy has emerged as the most powerful driver shaping the outlook of the US induction cooktop market, primarily because it directly impacts the economic considerations of large-scale residential builders. Local governments are increasingly adopting regulations that restrict or ban natural gas connections in new housing developments, compelling builders to explore alternative cooking technologies that comply with these mandates. This regulatory shift is accelerating the adoption of induction cooktops, which run on electricity and align with broader efforts to reduce carbon emissions and promote cleaner energy use in residential construction.
By April 2024, the Building Decarbonization Coalition had identified 141 cities and counties across several states-including California, Colorado, Massachusetts, Maryland, New York, Oregon, and Washington-that have either enacted prohibitions or imposed stringent limitations on natural gas hookups for new homes. These policies represent a growing consensus among municipalities to phase out fossil fuel dependence in favor of electrification, driven by climate goals and public health considerations.
Emerging Opportunity Trends
Connectivity has quickly evolved from being a novel feature to becoming a standard specification in the US induction cooktop market, significantly influencing both competitive dynamics and after-sales service economics. This shift reflects broader trends in smart home technology, where consumers increasingly expect appliances to be seamlessly integrated into their connected ecosystems for enhanced convenience and functionality. Manufacturers are responding by embedding advanced wireless communication capabilities, such as Wi-Fi and Zigbee radios, into their induction cooktop models, enabling a range of smart features that go beyond basic cooking functions.
According to ENERGY STAR's April 2024 "Connected Appliance" registry, there are now 127 induction cooktop models equipped with Wi-Fi or Zigbee connectivity, marking a substantial increase of 49 models compared to mid-2023. This rapid growth highlights how quickly connectivity has become a key differentiator in the market, with more brands and models offering smart capabilities to meet rising consumer expectations. These connected cooktops enable over-the-air firmware updates, allowing manufacturers to continuously improve performance, add new features, and address security vulnerabilities without requiring users to replace hardware or visit service centers.
Barriers to Optimization
Despite significant advances in policy support and technological features, misinformation regarding electromagnetic exposure continues to pose a considerable challenge to the outlook of the US induction cooktop market. Concerns about electromagnetic fields (EMF) and radiation have been persistent among consumers, often fueled by outdated or non-peer-reviewed information. This skepticism has created a barrier to wider adoption, slowing market growth despite the many benefits induction cooktops offer in terms of safety, efficiency, and environmental impact.
Evidence of this ongoing concern is reflected in the public discourse monitored by regulatory bodies. In 2024, the Consumer Product Safety Commission (CPSC) received a total of 3,870 public comments related to induction appliances. Of these, 2,260 submissions specifically mentioned "EMF" or "radiation," with many referencing sources that lack scientific rigor or fail to represent the consensus of current research. This influx of comments highlights the level of consumer anxiety surrounding potential health risks, even as scientific studies consistently affirm the safety of induction technology within established exposure limits.
By Product Type, built-in induction cooktops dominate the US induction cooktop market, capturing over 60.86% of the market share due to their strong alignment with the structural realities of American kitchen renovations and new construction codes in 2024. This preference is largely driven by the widespread adoption of standardized cabinetry and countertop cut-outs in remodeling and new-build projects. According to housing industry data from the National Association of Home Builders, approximately 896,000 kitchen remodels are scheduled for completion in 2024, with 71% of these projects specifying 30- or 36-inch cut-outs. These dimensions are designed to accommodate built-in cooktops, making them the natural choice over portable units that do not integrate as seamlessly into kitchen layouts.
By Burner Type, two-burner induction cooktops hold the largest share in the US induction cooktop market, commanding 41.12% due to their ideal fit for the spatial constraints of increasingly common urban and downsized households. As more Americans move into smaller living spaces, the demand for compact and efficient kitchen appliances has surged. U-Haul migration data from the first quarter of 2024 reveals that approximately 396,000 people relocated to apartments smaller than 700 square feet, where traditional full-sized 30-inch ranges are often impractical or impossible to install. This shift in living arrangements has made smaller cooktops not only desirable but necessary for many consumers.
By Power Rating, models with power ratings between 1,500 watts and 2,000 watts dominate sales, capturing over 51.47% of the market share. This power range strikes an ideal balance between delivering efficient cooking performance and adhering to the electrical limitations commonly found in American households. Many consumers prioritize cooktops that can provide sufficient heat for everyday cooking tasks without necessitating costly electrical upgrades or risking circuit overloads. As a result, induction cooktops within this power band have become the preferred choice for a broad segment of the market.
By Control Type, knob-controlled models dominate, holding over 48.19% of the market share. This preference is largely driven by how well these cooktops align with the tactile expectations of American consumers, who often favor physical controls that provide immediate and intuitive feedback. The familiarity of knobs helps reduce the learning curve at the point of sale, making it easier for users, especially those new to induction cooking, to operate the appliances confidently and efficiently. This ease of use is a critical factor influencing purchasing decisions, as many buyers prioritize straightforward functionality over more complex digital interfaces.
By Product Type
By Burner Type
By Control Type
By Power Rating
By Price Range
By End User
By Distribution Channel