Electric Pressure Cooker Market Growth at 2.9% CAGR | Industry Outlook
The global electric pressure cooker market is witnessing steady growth, driven by increasing consumer demand for convenient and energy-efficient cooking appliances. In 2024, the market size was valued at USD 4520.50 million and is projected to grow from USD 4651.59 million in 2025 to USD 5846.89 million by 2032, at a compound annual growth rate (CAGR) of 2.9% during the forecast period (2024–2032). This growth is attributed to the rising popularity of electric pressure cookers due to their time-saving and multifunctional capabilities.
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Market Categorization
By Type:
1.Mechanical Timer: Traditional electric pressure cookers with manual timer settings.
2.Digital/Programming: Advanced models featuring digital controls and programmable settings for precise cooking.
By Application:
1.Residential: Electric pressure cookers used in households for daily cooking needs.
2.Commercial: Heavy-duty electric pressure cookers designed for use in restaurants, hotels, and other commercial kitchens.
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Geographic Overview
1.North America: The United States and Canada lead the market with a high adoption rate of advanced kitchen appliances and a growing preference for energy-efficient cooking solutions.
2.Europe: Germany, the UK, and France are key markets, driven by increasing consumer awareness about the benefits of electric pressure cookers and a trend towards smart kitchen appliances.
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Top Players in the Electric Pressure Cooker Market
- Zwilling
- Fissler
- Koninklijke Philips N.V.
- WMF Group
- Zhejiang Supor Co., Ltd.
- Joyoung Co., Ltd.
- Qingdao Haier Co., Ltd.
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