Electric Ranges

Global Electric Ranges Market to Reach US$33.2 Billion by 2030

The global market for Electric Ranges estimated at US$24.0 Billion in the year 2024, is expected to reach US$33.2 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2024-2030. Freestanding Electric Ranges, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$20.8 Billion by the end of the analysis period. Growth in the Slide-in Electric Ranges segment is estimated at 4.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.5 Billion While China is Forecast to Grow at 8.8% CAGR

The Electric Ranges market in the U.S. is estimated at US$6.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Global Electric Ranges Market – Key Trends & Drivers Summarized

Is The Modern Kitchen Becoming a Stronghold for Electric Cooking?

The electric ranges market is experiencing a notable upswing as consumers, regulators, and manufacturers pivot toward cleaner, more efficient kitchen appliances. Once seen as a basic alternative to gas stoves, electric ranges have undergone a significant evolution, now encompassing advanced induction cooktops, multifunctional ovens, and smart connectivity features. One of the main catalysts of this shift is the growing wave of urban electrification initiatives aimed at reducing household reliance on fossil fuels. Several cities and regions—especially in Europe and North America—are enforcing gas bans in new residential constructions, directly influencing appliance choices toward electric options. This trend is further reinforced by rising consumer interest in healthier indoor air quality, as electric cooking eliminates the nitrogen dioxide and particulate emissions associated with gas combustion. In tandem, the rise of modern kitchen design has boosted the appeal of sleek, glass-top electric ranges that integrate effortlessly with minimalist and smart home aesthetics. Additionally, the availability of dual-fuel hybrid options and flexible power settings has attracted a broad spectrum of home cooks, from casual users to culinary enthusiasts. Retailers are also reporting increased demand for electric units due to their ease of cleaning, safer surface temperatures, and compatibility with integrated home automation platforms.

Can Electric Ranges Match the Precision and Versatility of Gas Counterparts?

A long-standing debate in the cooking appliance space has been whether electric ranges, particularly induction models, can rival the control and responsiveness of gas burners. Today’s electric ranges are closing this gap rapidly with high-efficiency induction coils, precision temperature controls, and customizable cook settings that cater to a variety of culinary needs. Induction technology, in particular, has gained prominence due to its ability to deliver instantaneous heat with pinpoint accuracy—making it ideal for both delicate simmering and high-heat searing. New models from top brands such as GE, Samsung, Bosch, and LG feature intuitive touch controls, bridge elements for oversized cookware, and zoneless surfaces that adapt to pan size. Multi-functional oven components offer capabilities such as air frying, steam baking, and convection roasting, thereby transforming the electric range into a central culinary workstation. Smart features now allow users to control oven settings remotely, monitor cooking status via apps, and receive recipe-based cooking suggestions. While the learning curve for induction technology remains a barrier for some, growing awareness and user education—combined with falling costs—are accelerating adoption. This functionality-rich landscape is redefining electric ranges not just as utility appliances but as high-performance kitchen tools capable of meeting the standards of professional and home chefs alike.

Is Infrastructure and Consumer Access Supporting Market Acceleration?

Supportive infrastructure and policy shifts are laying the groundwork for mass adoption of electric ranges across diverse markets. As residential electrification picks up pace, utility companies and home builders are aligning with appliance manufacturers to offer installation-ready, energy-efficient units in both new and retrofit housing developments. In some U.S. states and Canadian provinces, governments are offering incentives, rebates, and tax breaks for the purchase of ENERGY STAR-rated electric cooking appliances. In addition, the development of robust supply chains and digital retail channels has made electric ranges more accessible, with better price transparency, bundled installation services, and extended warranties enhancing buyer confidence. The growing prevalence of smart meter systems in urban homes also allows consumers to optimize electricity usage during off-peak hours, thereby lowering long-term operating costs. Retailers and kitchen designers are playing a pivotal role by incorporating electric cooking solutions into showroom models and renovation templates, further promoting their visibility. On the education front, partnerships with culinary schools and sustainability-focused influencers are helping to bridge knowledge gaps around how electric ranges work and why they represent a future-forward investment. These ecosystem-wide efforts are addressing lingering barriers while setting the stage for sustained market growth.

What’s Driving The Surging Demand For Electric Ranges Worldwide?

The growth in the electric ranges market is driven by several factors rooted in technological innovation, evolving cooking habits, regulatory shifts, and energy use preferences. On the technology front, improvements in induction coil efficiency, touchscreen interfaces, and multi-zone heat controls have made electric ranges more precise and flexible than ever. From an end-use perspective, urban homeowners and renters alike are prioritizing space-saving, all-electric kitchen solutions that align with compact floorplans and sustainable living goals. The increasing appeal of home cooking—fueled by social media trends, remote work culture, and meal kit delivery services—is also reshaping how consumers invest in kitchen equipment. Electric ranges, especially those with integrated smart features and cooking presets, are becoming essential tools for modern culinary lifestyles. Additionally, regional legislation mandating all-electric homes, particularly in new urban developments, is pushing electric cooking to the forefront. Safety concerns around open flames and gas leaks, especially in homes with children and seniors, are also encouraging the shift. Consumers are increasingly favoring appliances that support energy efficiency goals, integrate with home energy management systems, and future-proof their kitchens against evolving utility norms. This convergence of performance, policy, and user demand is propelling electric ranges from a once secondary option to a mainstream choice in residential and commercial kitchens alike.

SCOPE OF STUDY:

The report analyzes the Electric Ranges market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Freestanding Electric Ranges, Slide-in Electric Ranges, Drop-in Electric Ranges); Distribution Channel (Mass Retailers, Electronic & Appliance Stores, Online Distribution Channel, Other Distribution Channels); Application (Residential Application, Commercial Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• Amana Corporation
• Beko
• Bertazzoni
• Bosch Home Appliances
• Electrolux AB
• Fisher & Paykel
• Frigidaire
• General Electric (GE) Appliances
• Haier Group
• Hotpoint
• JennAir
• KitchenAid
• LG Electronics
• Maytag
• Miele
• Samsung Electronics
• Thermador
• Viking Range
• Whirlpool Corporation
• Wolf Appliance

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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