Induction Cooking - Vendors

Vendors

The market for induction stoves is dominated by German manufacturers, such as AEG, Bosch, Fissler, Miele and Siemens. The Spanish company Fagor, Italian firm Smeg and Sweden's Electrolux are also key players in the European market. Prices range from about GB£250 to 1,000 within the United Kingdom. In 2006, Stoves launched the UK's first domestic induction range cooker at a slightly lower cost than those imported.

The European induction cooking market for hotels, restaurants and other caterers is primarily satisfied by smaller specialist commercial induction catering equipment manufacturers such as Adventys of France, Control Induction and Target Catering Equipment of the UK and Scholl of Germany.

Taiwanese and Japanese electronics companies are the dominant players in induction cooking for East Asia. After aggressive promotions by utilities in HK like Power HK Ltd, many local brands like UNIVERSAL, icMagIC, Zanussi, iLighting, German Pool also emerged. Their power and ratings are high, more than 2,800 watts. They are multiple zone and capable of performing better than their gas counterpart. The efficiency is as high as 90% and saves a lot of energy and is environmentally friendly. Their use by local Chinese for wok cooking is becoming popular. Some of these companies have also started marketing in the West. However, the product range sold in Western markets is a subset of that in their domestic market; some Japanese electronics manufacturers only sell domestically.

The National Association of Home Builders in 2012 estimated that, in the United States, induction cooktops held only 4% of sales, compared to gas and other electric cooktops.