Induction cookers have been present in the domestic market for almost two decades. During this time, they were primarily in a phase of promotion and popularization, which led to basic technical research being limited to the lower levels of development and application of single-unit models. Ordinary induction cookers are now in a mature stage of the market, with strong brand presence and intense competition. In contrast, commercial induction cookers lag behind their household counterparts by at least two stages in the market cycle due to various factors and are currently in the early phase of market cultivation.
In 2015, the development of China's induction cooker industry showed distinct trends. The commercial market was dominated by local brands, and the industry remained fragmented without a clear concentration. Companies like Shenzhen Global, Shenzhen Jinken, Beijing Xinli, Dongguan Lanwei, Ming Steel, Semykong, Mo Lisi, Kitchen Wo, Dongguan Yu Xin, and Dongguan Kitchen were key players. However, there was a lack of foundational research in high-power technology, which is considered the top tier of induction cooker innovation. Industry standards and norms were still in the process of being established. While major small-power manufacturers and power companies had not yet entered the large-scale commercial space, many traditional kitchen equipment producers had already made their mark in the commercial induction cooker market.
Although major brands had not fully entered the sector, this situation was temporary. According to SMR analysts, Midea launched a commercial induction cooker initiative in 2010. It was expected that the market structure would change significantly within the next two years, influenced by external factors such as US involvement.
The key success factors in the industry, as identified by SMR analysts, included resource relationships (5 points), channel capabilities (4 points), product price (3 points), solutions (2 points), and after-sales service (1 point). These factors were used to assess the market influence of different players.
Commercial induction cookers differ significantly from consumer products in terms of distribution channels. Unlike household appliances, which are sold in retail markets, commercial induction cookers are part of an engineering-based system. They are often customized to meet specific requirements across various industries, such as shipboard kitchens or multi-user dining environments. As a result, sales channels are independent and require tailored, comprehensive solutions rather than just selling individual units.
In terms of market size and growth potential, it is estimated that there are about 35 billion stoves worldwide, with 5.8 billion in China. However, nearly 70% of these use gas or fuel. If these are gradually replaced by commercial induction cookers, it could lead to significant energy savings, especially with government support for environmental policies. This shift could create a market worth hundreds of billions of yuan.
The catering industry alone has over 5 million kitchens, with an annual growth rate of 12%. Assuming a 10% demand rate for commercial induction cookers and an average of four units per kitchen, the market capacity could reach around 2 million units, representing a total demand of approximately 40 billion yuan. Each city could see more than 100 million yuan in market demand, indicating substantial growth potential.
Similarly, enterprise and institutional canteens—estimated at around 600,000 nationwide—are a key driver of energy conservation efforts. With a 30% demand rate and five sets of equipment per canteen, the market demand could reach about 20 billion yuan. Commercial induction cookers are increasingly becoming the preferred choice for these renovations.
In the education sector, universities spend an average of 15.2 million yuan annually on energy. With about 2,780 public and 235 private colleges, each averaging three canteens, the demand for induction cookers could reach around 1 billion yuan over the next five years if 30% of traditional kitchens are replaced with induction systems.
Despite the potential, the industry still faces several challenges. Technologically, basic research in high-power induction cookers remains underdeveloped, and China’s electromagnetic technology lags behind developed countries like Japan. Market acceptance is another issue—while ordinary induction cookers sell millions annually, they are still seen as auxiliary tools rather than replacements for gas stoves. The transition to high-power models may take time, and consumer readiness is uncertain.
Cost is also a critical factor. The popularity of single-burner induction cookers surged when prices dropped significantly. For example, when the price fell from 1,000 yuan to 300 yuan, penetration increased 30 times. High costs can hinder adoption, especially in developed countries where high-power induction cookers are often several times more expensive than gas or electric stoves. Lowering manufacturing and retail costs will be essential for broader acceptance.
Overall, while high-power induction cookers have the potential to revolutionize both home and commercial kitchens, their widespread adoption will require time, effort, and continued innovation. The Chinese market has shown a tendency for rapid growth, but the exact timeline and success factors remain uncertain. This is a complex and evolving process filled with opportunities and challenges.
Round Cotton Pads,Stitched Pure Cotton Round,Customized Cotton Rounds,Pure Cotton Pads
COTTONWHISPER (TAIZHOU) DAILY PRODUCTS CO.,LTD , https://www.cottonwhipershop.com