The global electric stove market has been steadily expanding, driven by trends like home electrification, urbanization, and the integration of smart home technology. This article will ease the process of choosing an electric stove for a studio apartment, offering valuable insights for professional retailers. It covers factors such as space considerations, stove types, energy efficiency, and essential features, helping you make an informed and practical decision for your buyer’s kitchen needs.
Table of Contents
What is the global market size for electric stoves?
5 essential tips for choosing the best electric stoves
Conclusion
What is the global market size for electric stoves?
In recent years the electric stove market has been growing and by 2023 it generated a revenue of US$ 22.98 billion. In 2024, the industry grew at the compound annual growth rate (CAGR) of 2.8% generating US$ 23.63 billion. There are several factors that led to the increase in revenue which include home electrification, apartment living and urbanization, electrification of rural areas and mass production of electric stoves.
Additionally, the market is expected to grow at CAGR of 2.4% generating a revenue of US$ 26.01 billion by 2028. The expected growth is because of anticipated growth in energy sustainability and efficiency, electric stoves integration to smart home systems, the importance of safety and health features, and the compact urban living trend.
Manufacturers are also incorporating technological features to electric stoves to meet the changing and evolving consumer needs. Some features include automatic temperature regulation, touchscreen controls, and automatic shutdown mechanisms. Moreover, leading electric stoves companies are putting more emphasis on product innovation.
5 essential tips for choosing the best electric stoves
1. Assess individual cooking needs
Different people have different cooking needs, habits, and capabilities. It is important to consider the frequency of cooking, the type of dishes people would like to prepare, and if it is essential for the electric stove to have additional features.
The number of times people cook determines the type of electric cooker to buy. For instance, if a person cooks daily they need a stove that has more durability and features such as multiple burners. For a person that does not cook much, a simple and compact electric stove will serve their needs.
Additionally many studio apartments have limited spaces, therefore understanding cooking habits helps in avoiding overcrowding the living area. The type of cooking determines the type of electric stove to buy. It is because different stoves have various features such as smooth ceramic tops, induction cooking, and convection oven.
Some additional features to consider can be automatic shut off, that adds an extra layer of safety. Safety is important for any small apartment, using an electric stove is safer than gas stoves.
2. Available space
One disadvantage of owning a studio apartment is its space limitation. Therefore it is vital to know electric stove placement. Some of the things to consider include the width, depth, and height. It ensures that the stove fits well in the kitchen without obstructing other appliances or movement.
The space available for an electric stove also determines the type of electric stove to install. Different electric stoves have various installation requirements such as appliance safety and ventilation clearance. Proper ventilation ensures safety and efficiency. Having an accurate measurement helps in installing the stove correctly.
3. The type of electric stove
There are a number of different types of electric stoves.
The first type is a freestanding electric stove. It is a versatile kitchen appliance that has both the oven and cooktop as one unit. Some of its features include the standalone design that makes it possible to place it anywhere in the kitchen space.
In addition, it is easy to install because it does not require custom installation. Many freestanding electric stoves have various features such as multiple burners, self cleaning option, and convection ovens.
The second type is a slide-in electric stove that fits between the kitchen cabinets that creates a built-in look. Its features include front controls that eliminate the back panel and provide a modern, sleek appearance.
Also, it has overlapping edges on the countertops that prevents any food and spills from falling between the cabinets and stoves. Finally, it provides an enhanced aesthetic that is a more streamlined and professional look.
The final type is a drop-in electric stove. It is a custom cabinetry installation that creates an integrated and seamless look for the kitchen space. Its features include a custom installation, that is unlike the slide in stoves, drop in stoves are set into the cabinet cutout and do not have a bottom drawer. It offers a built-in look.
These types of stoves do not have a base or feet, that is they directly sit on the cabinetry and provide a streamlined appearance. Another feature is it has integrated controls located on either the top or front of the stove. These controls make it easily accessible and offer a sleek design.
4. Efficient energy
An electric range for a studio apartment should be energy efficient. To know if a stove is energy efficient they have an ENERGY STAR label, this means that it meets the energy efficient guidelines set by the United States Environmental Protection energy. Owning an energy efficient electric stove ensures that it helps in reducing the environmental impact and electricity bills.
5. Disposable budget
Different electric stoves come with different prices from budget friendly to high end options. Most of the high end options have advanced features compared to budget friendly. By looking at the essential features and the budget available, people will be able to choose an electric range that fits their lifestyle. Additionally, consider including the delivery, potential upgrade, and installation to the budget.
Conclusion
Choosing the right electric stove for a studio apartment involves considering space, energy efficiency, and cooking needs. With the growing market and various stove types, buyers can find options that fit their budget and lifestyle. By focusing on key factors like stove size, features, and energy efficiency, you can make a smart choice that enhances both functionality and sustainability in smaller spaces.
