Gas & Electric Pressure Cooker Market Growth & Trends [2031]

Segments - Gas & Electric Pressure Cooker Market by Materials (Stainless Steel and Aluminum) Applications (Residential and Commercial), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The Global Gas & Electric Pressure Cooker Market size was valued at USD 8.15 Billion in 2022 and is expected to surpass USD 15.12 Billion by 2031, expanding at a CAGR of 7.11% during the forecast period, 2023 – 2031. The growth of the market is attributed to growing preference of the product from working population.

A pressure cooker is a sealed pot with a valve that controls the steam pressure inside. Once the pot is heated, the liquid inside forms steam, which raises the pressure in the pot. The gas pressure cooker is designed to be cost-effective and reliable. On the other hand, electric pressure cookers are connected directly to the electric system, they are safer than the gas models and also have timers and other cooking options for several food recipes.

Gas & Electric Pressure Cooker Market Outlook

Pressure cookers play a prominent role in kitchens across the globe. They are more favored in Indian households. These cookers reduce the cooking time by around 70% than that of traditional cooking methods, while the use of electric power helps to save energy required during cooking. Additionally, they help in preserving the nutrients in the food and create rich flavors

Market Drivers, Restraints, Trends, and Opportunities

Growing awareness regarding the benefits is expected to drive the market growth.
Increasing demand for hard anodized aluminum and ceramic coated products is anticipated to spur the market growth.
Gas pressure cookers do not allow users to check on the progress during cooking. The meal can be over cooked or undercooked. Moreover, the sealing ring needs to be in proper condition to seal the cooker correctly and develop the enough pressure. Thus, such demerits are expected to restrain the market growth.
Growing concerns of consumers regarding time and energy efficiency is expected to favor the adoption of the pressure cookers, which in turn, is expected to drive the market growth.
Increasing disposable income and rising adoption of innovative products are expected to drive the market growth during the forecast period.
Electric cookers are equipped with automatic switch-off button, which saves energy and gets turned off before the food gets burnt. These factors are anticipated to positively impact the market growth during the forecast period.

Scope of Gas & Electric Pressure Cooker Market Report

The report on the global gas & electric pressure cooker market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Gas & Electric Pressure Cooker Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Materials (Stainless Steel and Aluminum) Applications (Residential and Commercial)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	GROUPE SEB, Zwilling, Fissler, Koninklijke Philips N.V., Panasonic Corporation, WMF Group, Zhejiang Supor Co., Ltd., Midea Group Co., Ltd., Joyoung Co., Ltd., and Qingdao Haier Co., Ltd.

Global Gas & Electric Pressure Cooker Market Segment Insights

Stainless steel segment anticipated to grow at a healthy rate

On the basis of materials, the market is segmented into stainless steel and aluminum. The stainless steel segment is anticipated to grow at a healthy rate during the forecast period. Stainless steel is a heavy duty material and is generally used in the manufacturing of gas & electric pressure cookers. It eliminates excessive heat absorption during the cooking process, which avoids uncontrolled burning of food. These factors are anticipated to drive the segment growth.

The aluminum segment is expected to register a CAGR of 7.9% owing to the cost efficiency of the product. Aluminum is a light weight material that makes it favorable for industrial quacking. Moreover, its good conductor characteristics aids in fast cooking.

Residential segment anticipated to account for a large market share

Based on applications, the market is divided into residential and commercial. The residential segment accounted for a large market share in 2020, in terms of revenue. Electric pressure cookers require single phase power connections, which makes them more favorable in residential areas. Lack of proper ventilation in urban residential areas leads to the adoption of advanced cooking equipments. Pressure cookers require a small amount of heat and in turn causes low smoke emission, which increases adoption of them in residential buildings.

The commercial segment is expected to witness a substantial CAGR owing to rising need for fast cooking in various commercial spaces such as restaurants and hotels. Large sized cookers enable huge amount of food to be cooked in a limited time. Increasing demand for electric pressure cookers to maintain temperature inside commercial areas is anticipated to spur the segment growth during the forecast period.

Gas & Electric Pressure Cooker Market Applications

Asia Pacific expected to account for a large market share

In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. Asia Pacific is anticipated to account for a large market share owing to the increasing population and rising disposable income in countries such as India and China. Additionally, increasing number of households and rising adoption of innovative products is expected to spur the market growth in this region.

The market in Europe is expected to expand at a CAGR of 8.9% during the forecast period. Recent government initiatives to promote the use of ecofriendly and low emissive product in countries such as Italy, France, and Germany is expected to spur the market growth in this region.

Gas & Electric Pressure Cooker Market Regions

Segments

The global gas & electric pressure cooker market has been segmented on the basis of

Materials

Stainless Steel
Aluminum

Applications

Residential
Commercial

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

GROUPE SEB
Zwilling
Fissler
Koninklijke Philips N.V.
Panasonic Corporation
WMF Group
Zhejiang Supor Co., Ltd.
Midea Group Co., Ltd.
Joyoung Co., Ltd.
Qingdao Haier Co., Ltd.

Competitive Landscape

Major players competing in the global gas & electric pressure cooker market include GROUPE SEB, Zwilling, Fissler, Koninklijke Philips N.V., Panasonic Corporation, WMF Group, Zhejiang Supor Co., Ltd., Midea Group Co., Ltd., Joyoung Co., Ltd., and Qingdao Haier Co., Ltd.

Manufacturers are focusing on product innovations and introduction of advanced technologies such as electric and highly emissive flame burners to cater the demand for nontoxic pressure cookers.

Gas & Electric Pressure Cooker Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gas & Electric Pressure Cooker Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gas & Electric Pressure Cooker Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gas & Electric Pressure Cooker Market - Supply Chain
  4.5. Global Gas & Electric Pressure Cooker Market Forecast
     4.5.1. Gas & Electric Pressure Cooker Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gas & Electric Pressure Cooker Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Gas & Electric Pressure Cooker Market Absolute $ Opportunity
5. Global Gas & Electric Pressure Cooker Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Gas & Electric Pressure Cooker Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Gas & Electric Pressure Cooker Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
7. North America Gas & Electric Pressure Cooker Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Gas & Electric Pressure Cooker Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
8. Latin America Gas & Electric Pressure Cooker Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Gas & Electric Pressure Cooker Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
9. Europe Gas & Electric Pressure Cooker Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Gas & Electric Pressure Cooker Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
10. Asia Pacific Gas & Electric Pressure Cooker Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Gas & Electric Pressure Cooker Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
11. Middle East & Africa Gas & Electric Pressure Cooker Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Gas & Electric Pressure Cooker Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Gas & Electric Pressure Cooker Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Gas & Electric Pressure Cooker Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Gas & Electric Pressure Cooker Market: Market Share Analysis
  12.2. Gas & Electric Pressure Cooker Distributors and Customers
  12.3. Gas & Electric Pressure Cooker Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. GROUPE SEB
     12.4.2. Zwilling
     12.4.3. Fissler
     12.4.4. Koninklijke Philips N.V.
     12.4.5. Panasonic Corporation
     12.4.6. WMF Group
     12.4.7. Zhejiang Supor Co., Ltd.
     12.4.8. Midea Group Co., Ltd.
     12.4.9. Joyoung Co., Ltd.
     12.4.10. Qingdao Haier Co., Ltd.