The global electric cooker market has witnessed significant growth in recent years, driven by shifting consumer preferences, rising urbanization, and the increasing need for convenient and energy-efficient cooking solutions. Electric cookers—ranging from induction cookers, rice cookers, and pressure cookers to multifunctional smart cookers—have transformed the way households and commercial kitchens approach cooking. With rapid technological advancements and evolving lifestyles, the electric cooker market is poised for robust expansion across both developed and emerging economies.
Electric Cooker Market Industry is expected to grow from 14.5(USD Billion) in 2024 to 25.6 (USD Billion) by 2035. The Electric Cooker Market CAGR (growth rate) is expected to be around 5.3% during the forecast period (2025 - 2035).
One of the primary factors contributing to the surge in demand for electric cookers is the growing urban population. Urban households, especially in densely populated regions like Asia-Pacific, Europe, and North America, are increasingly adopting electric cooking appliances due to their space-saving features, energy efficiency, and user-friendly operation. The rise of nuclear families, busy work schedules, and the trend of minimalistic kitchens have further fueled the need for compact and multifunctional cooking devices. Unlike traditional gas stoves, electric cookers offer precise temperature control, faster cooking times, and enhanced safety—attributes that resonate well with the modern consumer.
Technological innovations have played a pivotal role in shaping the electric cooker market. Manufacturers are integrating advanced features such as smart connectivity, touch-screen controls, preset cooking modes, and energy optimization systems. For instance, smart electric cookers connected via Wi-Fi or Bluetooth allow users to operate and monitor cooking remotely through mobile apps. These innovations not only enhance convenience but also align with the growing consumer preference for smart home ecosystems. Furthermore, the incorporation of AI and machine learning in smart cookers helps optimize cooking processes, making them more efficient and tailored to user preferences.
In terms of product segmentation, rice cookers and induction cooktops dominate the market due to their wide usage in Asian countries like China, Japan, South Korea, and India. These regions have a strong cultural reliance on rice as a staple food, which directly influences the demand for rice cookers. Induction cookers, on the other hand, are gaining popularity worldwide for their safety and energy efficiency. They offer faster cooking and eliminate the risk of open flames, making them ideal for families with children or elderly members. Meanwhile, electric pressure cookers and slow cookers are gaining traction in Western
markets where consumers are more inclined toward batch cooking and healthy meal preparation.
Environmental concerns and government policies are also shaping the electric cooker market. With increasing awareness of carbon emissions and the need to reduce dependence on fossil fuels, electric cooking is being promoted as a cleaner alternative to gas-based cooking. Several governments are offering subsidies and incentives to encourage the adoption of energy-efficient home appliances, including electric cookers. This trend is especially prevalent in Europe and North America, where sustainability goals are a key component of national policy frameworks.
However, the market does face certain challenges, particularly in underdeveloped regions where electricity access is limited or unreliable. High initial costs of advanced electric cookers may also deter lower-income households from making the switch. To overcome these barriers, manufacturers are investing in cost-effective production techniques and targeting emerging markets with affordable and durable models tailored to local needs.
Looking ahead, the electric cooker market is expected to continue its upward trajectory. As consumer demand for convenience, sustainability, and smart technology continues to rise, manufacturers are likely to focus on innovation, product diversification, and strategic partnerships to strengthen their market presence. Additionally, the post-pandemic shift toward home cooking and healthier lifestyles will further drive the need for efficient and intelligent cooking solutions. Overall, the electric cooker market presents a promising opportunity for stakeholders across the value chain, from appliance manufacturers to retailers and tech developers.
