The United States
Electric/Induction Ranges Market size is anticipated to register an impressive
CAGR during the forecast period. The electric/induction market comprises sales
of electric/induction ranges, which substitutes for gas ranges by converting
power to heat. A thermostat, burners with spiral or coil shapes mounted on top,
and heat-producing devices for baking and cooking are all features of electric
ranges.
Built-in and free-standing
electric/induction ranges are the primary products. Built-in ranges are
entirely independent. They appear to be a part of the cabinets since they fit
in between them so snugly, but they are not. They have ovens with burners above
them and ranges with a drawer at the base. Metal stoves, stone stoves, ceramic
stoves, and other types are made of various materials and are implemented in
residential, commercial, and industrial applications.
The US market for
electric/induction ranges is expanding due to the rising number of food and
beverage producers and increasing demand for smart kitchen appliances.
Electric/Induction ranges with ovens or broilers are frequently used in the
food processing sectors to quickly cook vast quantities of food. These elements
are driving up demand for the electric/induction ranges in the United States.
The demand for
electric/induction ranges is anticipated to increase due to numerous new
residential projects. The market has already benefited from the progressive
shift away from gas ranges, and more consumers are inclined to install electric/induction
in their homes or large-scale residential projects. This is because more people
are aware of its advantages over gas ranges. Additionally, frequently utilized
in non-residential structures like restaurants and hotels are electric/induction
ranges. The change seems modest for commercial applications but is projected to
intensify over the projection period.
The market for
electric/induction ranges is anticipated to benefit from the growing economy
and population in the United States. Additionally, the number of food and
beverage producers and food service establishments is growing in the United
States, which is opening up a lot of potential for the major players in the
electric/induction ranges industry.
Rising Trend of Modular
Kitchen Fuels the Market Growth
One of the key factors
propelling the growth of the electric/induction ranges market is the rise in
trend towards modular kitchens among middle-income groupsacross the country..
The electric/induction ranges are safer than LPG cylinders since they don't
have open flames, and rising consumer awareness of safety as they buy more
sophisticated cooking appliances in the United States are driving the market's
expansion. The rise also influences the demand for induction ranges, which
automatically turn off when cookware is present. These ranges are also highly
preferred since they are safer and more energy-efficient than conventional
ranges.
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Innovative Offering Fuels the
Market Growth
United States manufacturers
are producing innovative products to attract consumers, which drives the
electric/induction ranges market in the United States. For instance, GE
launched a built-in wi-fi with a SmartHQ app connection that allows for guided
sous-vide cooking. This induction range has a user interface that is
straightforward to operate. Precision air True Convection technology is present
in this induction range. It also has a functional soft-close storage door.
Also, Frigidaire launched an induction range that makes large quantities of
crispy appetizers for a crowd rather than simply five french fries at a time
possible using an Air Fry mode. Three heating components and a fan power an
authentic convection oven. This range is quick and offers a 30-minute self-cleaning
steam feature that is secure and oriented at an induction surface, which
concentrates energy where needed.
Market Segmentation
The United States
electric/induction ranges market is segmented into type, end-use, distribution
channel, region, and company. Based on type, the market is segmented into
freestanding and built in. Based on end-use, the market is segmented into
residential and commercial. Based on distribution channel, the market is
segmented into supermarkets/hypermarkets, multi-branded stores, exclusive
stores, contract sales, and online.
Market Players
Electrolux Home
Products, Inc., Haier U.S. Appliance Solutions, Inc., Samsung Electronics
America, Inc., Whirlpool Corporation, LG Electronics U.S.A. Inc., Felix Storch,
Inc. (Summit Appliance), Miele, Inc., SMEG U.S.A. Inc., Prizer-Painter Stove
Works, Inc., BSH Home Appliances Corporation are the major market players in the United
States electric/induction ranges market.
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Attribute
|
Details
|
|
Base
Year
|
2022
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|
Historic
Data
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2018 – 2021
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|
Estimated
Year
|
2023
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|
Forecast
Period
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2024 – 2028
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Quantitative
Units
|
Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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|
Report
Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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|
Segments
Covered
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Type
End-Use
Distribution
Channel
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|
Regional
scope
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South, West, Mid-West,
North-East
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|
Key
companies profiled
|
Electrolux Home Products,
Inc., Haier U.S. Appliance Solutions, Inc., Samsung Electronics America,
Inc., Whirlpool Corporation, LG Electronics U.S.A. Inc., Felix Storch, Inc.
(Summit Appliance), Miele, Inc., SMEG U.S.A. Inc., Prizer-Painter Stove
Works, Inc., BSH Home Appliances Corporation., etc.
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|
Customization
scope
|
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report Scope:
In this report, United States electric/induction ranges market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- United States Electric/Induction Ranges Market, By Type:
- United States Electric/Induction Ranges
Market, By End-Use:
·
United States Electric/Induction
Ranges Market, By
Distribution Channel:
- Supermarkets/Hypermarkets
- Multi-branded
Stores
- Exclusive
Stores
- Contract
Sales
- Online.
·
United States Electric/Induction
Ranges Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States electric/induction
ranges market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Electric/Induction Ranges Market is an upcoming report to be
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the date of release, please contact us at [email protected]