According to a report by Future Market Insights (FMI), the commercial induction cooktop market will reach USD 12.74 billion by 2023, expanding to USD 22 billion by 2033 with a CAGR of 5.6%. Induction cooktops are becoming increasingly popular in restaurant kitchens due to their high efficiency, precise temperature control, and enhanced safety features. These cooktops use electromagnetic fields to directly heat cookware, enabling faster and more efficient cooking compared to traditional stovetops.
To increase industry credibility and awareness, manufacturers are partnering with culinary schools, professional associations, and key influencers to highlight the advantages of induction cooking. Induction technology offers chefs faster cooking times and better temperature accuracy, improving kitchen efficiency and reducing customer wait times. Additionally, induction cooktops minimize the accumulation of food residue or contaminants on the cooking surface, making them an attractive option for establishments prioritizing food safety and hygiene.
Key Takeaways from the Market Study:
- Between 2023 and 2033, the commercial induction cooktop market is expected to rise by 5.6%.
- Commercial induction cooktops are expected to account for USD 22 Billion in 2033.
- As a developed market, Europe is expected to experience a high demand for commercial induction cooktops.
- With safety features on the rise, countertop commercial induction cooktops are in demand.
- Restaurants and hotels are projected to be among the fastest-growing markets for commercial induction cooktops in the coming years.
Competitive Landscape:
A growing number of companies are forming tactical alliances and partnerships with each other to maximize their capabilities and expand their market reach.
As key players establish local manufacturing facilities and consolidate distribution networks in these markets, their presence is expanding. To gain a competitive edge in these markets, they are offering cost-effective solutions.
Key Companies Profiled in the Global Commercial Induction Cooktops Industry:
- 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
- ELAG Products GmbH
- Dipo Induction
- Admiral Craft Equipment Corp.
- Hatco Corporation
- Spring USA
Commercial Induction Cooktops Market Segmentation Analysis:
By Number of Hobs:
- Single Hob
- Double Hob
- Multi Hob
By Type of Installation:
- Countertop
- Drop-In
- Floor-Standing
By End User:
- Restaurants
- Hotels
- Canteens
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/commercial-induction-cooktops-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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