Electric Stoves Global Market Report 2025

Description

An electric stove is an electrical appliance that converts electricity into heat and serves as an alternative to gas stoves. Electric stoves typically feature a thermostat, spiral or coil-shaped burners placed on the cooktop for cooking, and heat-producing elements for baking.

The main product categories for electric stoves include built-in and free-standing models. Built-in stoves are self-contained appliances that fit snugly between cabinets and appear integrated into the kitchen setup. They typically consist of a cooktop with burners above an oven and may include a base drawer for storage. Electric stoves can be made from various materials, such as metal, stone, ceramic, and others, and they find applications in residential, commercial, and industrial settings for cooking and baking purposes.

The electric stoves market research report is one of a series of new reports from The Business Research Company that provides electric stoves market statistics, including electric stoves industry global market size, regional shares, competitors with a electric stoves market share, detailed electric stoves market segments, market trends and opportunities, and any further data you may need to thrive in the electric stoves industry. These electric stoves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric stoves market size has grown strongly in recent years. It will grow from $16.1 billion in 2024 to $17.41 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to electrification of homes, urbanization and apartment living, mass production, electrification of rural areas.

The electric stoves market size is expected to see strong growth in the next few years. It will grow to $22.93 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to energy efficiency and sustainability, smart home integration, health and safety, compact living and urbanization, customization and aesthetics. Major trends in the forecast period include induction cooking, built-in and seamless designs, energy management and efficiency features, voice and app control, sustainable materials.

The increasing preference for energy-efficient cooking appliances is expected to drive the demand for electric stoves. Electric stoves are known for their cooking efficiency, surpassing gas cooktops, which often waste a significant amount of heat energy during cooking. Electric stoves are designed to minimize energy consumption while offering precise temperature control. For example, the introduction of energy-efficient appliances has led the US government to reduce its energy expenditures by 56%, resulting in decreased emissions.

The growing demand for electric stoves is anticipated to fuel the expansion of the electric stove market. Electric stoves, which use electricity as their primary energy source, have gained popularity due to their consistent and even heating, making them suitable for various cooking methods. According to the Energy Information Administration, approximately 68% of households in the US use electric appliances for cooking. In a US census involving 123 million respondents, over half (65 million) rely on electricity for their ovens and stoves. As a result, the increasing demand for electric stoves is a driving force behind the electric stove market's growth.

Major companies operating in the electric stoves market are focusing on developing innovative products, such as smart electric cooking stoves, to provide versatile, efficient, and stylish cooking solutions for modern kitchens. A smart electric cooking stove is an advanced kitchen appliance that connects to the internet, enabling users to control cooking functions remotely via smartphone apps or voice commands. It also offers features like automatic cooking settings, temperature monitoring, and recipe guidance. For instance, in October 2024, Xiaomi Inc., a China-based electronics and smart manufacturing company, launched the Mijia Electric Ceramic Stove S1. This smart electric stove is designed for modern kitchens, featuring 2200W of firepower, 10-level temperature adjustment, and an internal and external double-ring fire for precise heat control. It combines energy efficiency with versatility, making it suitable for diverse cooking needs while enhancing both convenience and style in the kitchen.

Leading companies in the electric stove market are focused on product innovation, as demonstrated by offerings like the Surya Nutan. The Surya Nutan serves as an electric stove equipped with solar thermal batteries to reduce household fuel expenses. In June 2022, the Indian Oil Corporation Limited introduced the Surya Nutan, a solar-electric indoor cooking stove that harnesses solar panel charging for its thermal batteries. With a ten-year lifespan and minimal maintenance requirements, this stove is used for cooking.

Major companies operating in the electric stoves market include Koninklijke Philips N.V., Panasonic Corporation, Haier Group Corporation, AB Electrolux, Robert Bosch GmbH, Broseley Fires, ESSE Engineering Ltd., Faber S.p.A., Galanz Group, General Electric Company, Whirlpool Corporation, Sunpentown International Inc., LG Electronics Inc., Fisher & Paykel Appliances Ltd., Smeg S.p.A., True Induction, Miele & Cie. KG, Waring Products, MENU SYSTEM, Chinducs Corporation, The Vollrath Company LLC, Fusibo Appliance, Summit Appliance Division Felix Storch Inc., Sub-Zero Inc., Andong Electric Co. Ltd., Samsung Electronics Co. Ltd., KitchenAid Inc., Maytag Corporation, Kenmore Appliances, Amana Corporation, Frigidaire International, Hotpoint Appliances, Jenn-Air Corporation, Viking Range LLC, Wolf Appliance Inc., Thermador, Dacor Inc., Bertazzoni S.p.A., Blomberg Appliances, Hisense Group Co. Ltd., Ilve S.p.A., La Cornue, Liebherr Group, Verona Appliances, Zephyr Corporation

Asia-Pacific was the largest region in the electric stoves market in 2024. Western Europe was the second-largest region in the electric stoves market. The regions covered in the electric stoves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the electric stoves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The electric stoves market consists of sales of stone stoves, metal stoves, ceramic stoves, and other electric stoves. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Electric Stoves Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric stoves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for electric stoves ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric stoves market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product: Built In; Free-Standing
2) By Material: Metal Stove; Stone Stove; Ceramic Stove; Other Materials
3) By Application: Residential Use; Commercial Use; Industrial Use
Subsegments:
1) By Built-In: Electric Cooktops; Electric Ovens
2) By Free-Standing: Electric Range (With Oven And Cooktop); Electric Cooker
Companies Mentioned: Koninklijke Philips N.V.; Panasonic Corporation; Haier Group Corporation; AB Electrolux; Robert Bosch GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.

Product Code: r32515

1. Executive Summary

2. Electric Stoves Market Characteristics

3. Electric Stoves Market Trends And Strategies

4. Electric Stoves Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Electric Stoves Growth Analysis And Strategic Analysis Framework

5.1. Global Electric Stoves PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Electric Stoves Market Growth Rate Analysis
5.4. Global Electric Stoves Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Electric Stoves Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Electric Stoves Total Addressable Market (TAM)

6. Electric Stoves Market Segmentation

6.1. Global Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Built-in
Free-Standing
6.2. Global Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Metal Stove
Stone Stove
Ceramic Stove
Other Materials
6.3. Global Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential Use
Commercial Use
Industrial Use
6.4. Global Electric Stoves Market, Sub-Segmentation Of Built-In, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Electric Cooktops
Electric Ovens
6.5. Global Electric Stoves Market, Sub-Segmentation Of Free-Standing, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Electric Range (With Oven And Cooktop)
Electric Cooker

7. Electric Stoves Market Regional And Country Analysis

7.1. Global Electric Stoves Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Electric Stoves Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Electric Stoves Market

8.1. Asia-Pacific Electric Stoves Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Electric Stoves Market

9.1. China Electric Stoves Market Overview
9.2. China Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Electric Stoves Market

10.1. India Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Electric Stoves Market

11.1. Japan Electric Stoves Market Overview
11.2. Japan Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Electric Stoves Market

12.1. Australia Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Electric Stoves Market

13.1. Indonesia Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Electric Stoves Market

14.1. South Korea Electric Stoves Market Overview
14.2. South Korea Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Electric Stoves Market

15.1. Western Europe Electric Stoves Market Overview
15.2. Western Europe Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Electric Stoves Market

16.1. UK Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Electric Stoves Market

17.1. Germany Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Electric Stoves Market

18.1. France Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Electric Stoves Market

19.1. Italy Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Electric Stoves Market

20.1. Spain Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Electric Stoves Market

21.1. Eastern Europe Electric Stoves Market Overview
21.2. Eastern Europe Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Electric Stoves Market

22.1. Russia Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Electric Stoves Market

23.1. North America Electric Stoves Market Overview
23.2. North America Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Electric Stoves Market

24.1. USA Electric Stoves Market Overview
24.2. USA Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Electric Stoves Market

25.1. Canada Electric Stoves Market Overview
25.2. Canada Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Electric Stoves Market

26.1. South America Electric Stoves Market Overview
26.2. South America Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Electric Stoves Market

27.1. Brazil Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Electric Stoves Market

28.1. Middle East Electric Stoves Market Overview
28.2. Middle East Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Electric Stoves Market

29.1. Africa Electric Stoves Market Overview
29.2. Africa Electric Stoves Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Electric Stoves Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Electric Stoves Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Electric Stoves Market Competitive Landscape And Company Profiles

30.1. Electric Stoves Market Competitive Landscape
30.2. Electric Stoves Market Company Profiles
- 30.2.1. Koninklijke Philips N.V. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Panasonic Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Haier Group Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. AB Electrolux Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis

31. Electric Stoves Market Other Major And Innovative Companies

31.1. Broseley Fires
31.2. ESSE Engineering Ltd.
31.3. Faber S.p.A.
31.4. Galanz Group
31.5. General Electric Company
31.6. Whirlpool Corporation
31.7. Sunpentown International Inc.
31.8. LG Electronics Inc.
31.9. Fisher & Paykel Appliances Ltd.
31.10. Smeg S.p.A.
31.11. True Induction
31.12. Miele & Cie. KG
31.13. Waring Products
31.14. MENU SYSTEM
31.15. Chinducs Corporation

32. Global Electric Stoves Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Electric Stoves Market

34. Recent Developments In The Electric Stoves Market

35. Electric Stoves Market High Potential Countries, Segments and Strategies

35.1 Electric Stoves Market In 2029 - Countries Offering Most New Opportunities
35.2 Electric Stoves Market In 2029 - Segments Offering Most New Opportunities
35.3 Electric Stoves Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer