Global Commercial Induction Cooktops Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Hobs;

Single Hob, Double Hob, and Multi Hob.

By Installation Type;

Countertop Commercial Induction Cooktops, Drop-In Commercial Induction Cooktops, and Floor-Standing Commercial Induction Cooktops.

By End User;

Restaurants, Hotels, Canteens, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn719469779 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Commercial Induction Cooktops Market (USD Million), 2021 - 2031

In the year 2024, the Global Commercial Induction Cooktops Market was valued at USD 13,609.64 million. The size of this market is expected to increase to USD 19,406.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


Global Commercial Induction Cooktops Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 13,609.64 Million
Market Size (2031)USD 19,406.92 Million
Market ConcentrationMedium
Report Pages390
13,609.64
2024
19,406.92
2031

Major Players

  • Panasonic Corporation
  • CookTek
  • The Vollrath Company, LLC
  • Garland Group
  • Elecpro
  • APW Wyatt
  • Equipex
  • True Induction
  • Globe Food Equipment Co.
  • Lincat Limited
  • Buffalo
  • Fisher & Paykel Appliances Limited

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Commercial Induction Cooktops Market

Fragmented - Highly competitive market without dominant players


The global commercial induction cooktops market has seen substantial growth in recent years, driven by increasing awareness of energy efficiency and the rising demand for advanced kitchen appliances. Induction cooktops use electromagnetic fields to directly heat pots and pans, offering superior energy efficiency compared to traditional gas and electric stoves. This technology not only reduces energy consumption but also enhances safety in commercial kitchens by eliminating open flames and reducing the risk of burns. As a result, many commercial kitchens, including those in restaurants, hotels, and catering services, are increasingly adopting induction cooktops to optimize their operations.

Another key factor contributing to the growth of the global commercial induction cooktops market is the rising trend of modernizing commercial kitchens. With the hospitality industry experiencing rapid growth, there is a continuous demand for kitchen equipment that is not only efficient but also aesthetically pleasing and easy to maintain. Induction cooktops fit this requirement perfectly, as they offer sleek designs, easy cleaning surfaces, and precise temperature control. Furthermore, the increased focus on sustainability and reducing carbon footprints has led many businesses to invest in energy-efficient appliances, further boosting the market for induction cooktops.

Additionally, advancements in induction technology and product innovations have played a significant role in the expansion of the market. Manufacturers are continuously developing new models with enhanced features such as touch controls, programmable settings, and multi-zone cooking capabilities. These innovations cater to the diverse needs of commercial kitchens, from small cafes to large-scale catering operations. As a result, the global commercial induction cooktops market is poised for continued growth, supported by technological advancements, increasing energy efficiency awareness, and the ongoing modernization of commercial kitchen spaces.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Hobs
    2. Market Snapshot, By Installation Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Commercial Induction Cooktops Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Demand
        2. Technological Advancements
        3. Safety Concerns
        4. Kitchen Modernization Trend
      2. Restraints
        1. High Initial Costs
        2. Compatibility Issues
        3. Limited Awareness
        4. Technological Complexity
      3. Opportunities
        1. Emerging Markets
        2. Product Innovation
        3. Green Initiatives
        4. Customization Options
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Commercial Induction Cooktops Market, By Hobs, 2021 - 2031 (USD Million)
      1. Single Hob

      2. Double Hob

      3. Multi Hob

    2. Global Commercial Induction Cooktops Market, By Installation Type, 2021 - 2031 (USD Million)
      1. Countertop Commercial Induction Cooktops
      2. Drop-In Commercial Induction Cooktops
      3. Floor-Standing Commercial Induction Cooktops
    3. Global Commercial Induction Cooktops Market, By End User, 2021 - 2031 (USD Million)
      1. Restaurants
      2. Hotels
      3. Canteens
      4. Others
    4. Global Commercial Induction Cooktops Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Panasonic Corporation
      2. CookTek
      3. The Vollrath Company, LLC
      4. Garland Group
      5. Elecpro
      6. APW Wyatt
      7. Equipex
      8. True Induction
      9. Globe Food Equipment Co.
      10. Lincat Limited
      11. Buffalo
      12. Fisher & Paykel Appliances Limited
  7. Analyst Views
  8. Future Outlook of the Market