Summary

The economy of Australia depends on trade, as the country has a history of exporting raw minerals to Great Britain, its former colonial power, and other European nations. The economy has benefited from the Australian government's conservative stance. As limits are loosened, Australia's domestic consumption is anticipated to increase. However, significant tax benefits are anticipated to result in the biggest increase in company investment. Due to their high energy consumption, induction cooktops may need unique power connections. Consumers tend to verify the total wattage before purchasing a cooktop because some models may need more electricity than their home can provide. The best chefs in the world are big fans of induction cooking. Glass-ceramic induction cooktops are becoming more popular among professional chefs who are famed for their mastery of the gas flame, and not just because they are seen as a more ecologically responsible option than electric or gas burners. Cooktops and wall ovens, in contrast to conventional stove combos, which plug into a 240-volt outlet, are directly plugged into the house's electrical system via the installation of a suitable junction box.

According to the research report "Australia Induction Cooktop Market Overview, 2028," published by Bonafide Research, the Australia induction cooktop market is expected to add USD 211.45 Million by 2028. In Australia, there are over 100,000 registered users of induction cooktops.People in Australia prefer induction cooktops because they live in a developed country.Furthermore, due to rising demand for environmentally friendly appliances and increased access to electricity, the market graph is expected to rise significantly throughout the forecast period. Additionally, rising demand for modular kitchens is likely to support induction hob demand. The benefits of induction hobs, such as their speed, responsiveness, energy efficiency, and ease of use, have significantly fuelled market growth.

Kleenmaid, Bosch, Westinghouse, NEFF, and Omega are the top induction cooktop manufacturers in Australia. The features of an induction cooktop are touch control, four cooking zones, residual heat indicators, overflow detection, a child safety lock, and many more. Five induction cooktops, ranging in size from three- and four-zone 60 cm models to four-zone 70 cm and 90 cm versions, have recently been produced by Smeg Australia. There is also an induction cooktop with a wonderful 100-cm design that features four cooking zones side by side, making it unnecessary to reach over hot pots.

According to a Climate Council report, homeowners in Australia may save an average of over $1,000 annually by switching from gas appliances to their most energy-efficient electric equivalents. The idea that gas cooking is better than induction is untrue. Another excellent technique to save money without sacrificing a tasty dinner is to replace gas cooktops with induction appliances. For instance, ferromagnetic woks made of stainless steel, carbon steel, or cast iron can be used with induction cooktops to achieve the same amazing flash cooking much more effectively. Induction cooktops are now far less expensive than they were when they were first launched as a new technology. These days, there are a variety of styles and pricing points for induction cooking appliances to suit every home. Australia's induction cooktops are exported to many countries.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia Induction Cooktop market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Built-In
• Freestanding

By Application:
• Residential
• Commercial

By Distribution Channel:
• Specialty Store
• Hypermarkets & Supermarkets
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Induction Cooktop industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.