Summary

One of the elegant technological advancements used to prepare food quickly and effectively is the induction cooktop. It is quite safe to use and runs on electricity. Compared to other traditional cooking methods, induction cooktops are energy efficient and aid in speedy meal preparation. Since they are built of earthenware or glass cooktops, they are sturdy, long-lasting, and incredibly easy to clean. An electromagnetic field is used by an induction cooktop to generate heat and directly convey it to the vessel's base. Steel or solid metal should be used for the metal vessel. With induction cooking, heat settings may be changed right away, and temperatures can rise quickly and with tremendous power. Induction cooking uses direct induction heating in cooking pots as opposed to indirect radiation, convection, or thermal conduction. In France as the government increases the price of LPG gas, the sale of induction cooktop increases drastically, price increased by the government because they want to shift LPG gas cylinders to the lower class peoples at a subsidize price. Electrolux AB, Robert Bosch GmbH, LG Electronics, Inc., Panasonic Corporation, Midea Group, Haier Smart Home Co., Ltd., etc. are the major companies operating in France.

According to the research report, "France Induction Cooktop Market Overview, 2028," published by Bonafide Research, the market is anticipated to add USD 600.14 Million. When compared to electric and gas cooktops, induction cooktops are one of the most energy-efficient appliances since the energy consumed is transferred to the food. Buyers will enjoy that these cooktops consume less energy, which is healthier for the environment and may potentially reduce power bills. And, when it comes to residences, more potential buyers are putting energy efficiency at the top of their wish lists, with buyers finding it a highly desired feature. As a result, changing LPG stoves to induction stoves could be one of the policy solutions employed by governments around the world to achieve energy sustainability and reduce carbon emissions. Several technological improvements, such as kitchen appliance manufacturers replacing antiquated mechanical controls and displays with touch technology to minimise dependability and after-sale costs, will drive market expansion. Touch screens with huge images are also gaining popularity. Consumers are projected to acquire technology-driven kitchen devices due to constantly changing work and family routines, a greater need for eco-friendly products, and easier access to inexpensive electricity. France has a good market in urban areas for induction cooktops and foreseeable growth in semi-urban and rural areas. Number of built-in type of induction cooktops is more in commercial sector than the household sector, where the free-standing type is more in used.

According to the IOP Conference Series on Materials Science and Engineering, for example, electrical energy already dominates home energy demand, which is anticipated to increase by about 50% by 2050. Induction stoves (74.03%), normal electric stoves (56.29%), and LPG stoves (38.55%) were tested for energy efficiency. Induction cooktops were discovered to be handier and more energy efficient. Induction stoves use less energy and cost less to operate than typical electric and LPG burners. The induction stove exceeds its competitors even in terms of carbon emissions. However, the high setup cost of induction cooktops and price variability throughout the market may stymie market expansion. Despite this, advanced features such as improved energy efficiency, compact designs, and effective safety management, as well as the creation of unique and less expensive induction cooktops, may create new opportunities for the worldwide induction cooktop market to grow further.

According to the World Bank, France has a population of 67.5 million people, there are 54.67 million urban residents and 12.83 million rural residents. According to the World Bank, France's GDP in 2021 was USD 2.94 trillion, with an inflation rate of 1.6% and a per capita income of $ 43,518.5 (2021). France's construction industry is booming. In France, where there are almost 31 million households and total spending on household appliances is almost USD 13 billion, Therefore, the market for induction cooktops, which are household appliances, continues to have enormous theoretical potential. Also, according to the French census data, households are growing at a pace of 0.3%, which is a very high rate.

Hypermarkets in France include Hyper U, Intermarche, Auchan, Geant Casino, Carrefour, and others. Supermarkets in France include Super U, AuchanSupermarche, Casino, Monoprix, Carrefour Market, E. Leclerc Express, and others. Retail establishments, which make up the offline distribution channel, held the majority of the market. In the past, retail establishments were the only places to find induction cooktops. Customers were assisted in making their selections from a variety of goods at these locations. The household induction cooktop market is expanding due to developments in internet marketing and an increase in the usage of digital media for product promotion. Increased acceptance of technologically innovative and high-tech items is likely to fuel the rise of kitchen appliance e-commerce websites, propelling the domestic induction cooktop market.

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

Aspects covered in this report
• France 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.