North America Cooking Range Market 2030: The Rise of Induction Technology
North America Cooking Range Market Growth & Trends The North America cooking range market size is anticipated to reach USD 18.31 billion by 2030 and is projected to grow at a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Changing energy efficiency standards for stoves and other appliances is driving manufacturers to innovate and offer more eco-friendly and energy-efficient cooking range options to consumers. For instance, in February 2024, Samsung announced that 10 of its induction ranges had achieved certification under the newly established ENERGY STAR regulation for residential electric cooking products, in accordance with the U.S. Environmental Protection Agency (EPA). This move aligns with the company's commitment to energy efficiency, exemplified by the launch of the Bespoke AI Slide-In Induction Range. Samsung also introduced energy monitoring and management features in its SmartThings app, promoting energy-conscious beh...