Induction Heating (IH) Rice Cooker Market, Global Outlook and Forecast 2024-2030
The global IH Rice Cooker market size was valued at US$ 4.56 billion in 2024 and is projected to reach US$ 7.23 billion by 2030, at a CAGR of 8.0% during the forecast period 2024-2030.
The United States IH Rice Cooker market size was valued at US$ 456.7 million in 2024 and is projected to reach US$ 698.4 million by 2030, at a CAGR of 7.3% during the forecast period 2024-2030.
Induction Heating Rice Cookers utilize electromagnetic heating technology for precise temperature control and even heating, providing superior cooking performance and energy efficiency.
The global market is experiencing robust growth, driven by smart home adoption and culinary preferences. In 2023, unit sales reached 45 million globally, with Asian markets accounting for 75% of demand. The market saw a 35% increase in smart-enabled cooker adoption in 2023. 5-6 cup capacity models dominate with a 50% market share, while large capacity models are growing at 10% annually. Asia Pacific leads with a 70% market share and is the fastest-growing region at 8.5% CAGR. The industry is focusing on developing AI-powered cooking algorithms, with a 40% growth in R&D investments for smart features.
Report Overview
A rice cooker or rice steamer is an automated kitchen appliance designed to boil or steam rice. It consists of a heat source, a cooking bowl, and a thermostat. The thermostat measures the temperature of the cooking bowl and controls the heat. Complex rice cookers may have many more sensors and other components, and may be multipurpose.The Induction Heating System Rice Cooker & Warmer uses high-tech Induction Heating (IH) technology to heat the inner cooking pan. This report studies the Induction Heating (IH) Rice Cooker market.
This report provides a deep insight into the global Induction Heating (IH) Rice Cooker market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Induction Heating (IH) Rice Cooker Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Induction Heating (IH) Rice Cooker market in any manner.
Global Induction Heating (IH) Rice Cooker Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Midea
Joyoung
SUPOR(SEB)
PHILIPS
ZO JIRUSHI
Cuckoo
TIGER
CUCHEN
Panasonic
Mitsubishi
Market Segmentation (by Type)
2L
3L
4L
5L
Above 7L
Market Segmentation (by Application)
Online
Offline
Geographic Segmentation
