Gas Stove Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2023
“Factors responsible for the robust growth of gas stove
market include growing awareness for indoor pollution
and soaring demand for advanced electrical appliances
around the globe.”
The Global Gas Stove Market is subject to witness a substantial growth due to the changing lifestyle, growing
number of working women, improved living standards and easy availability. Factors responsible for the robust
growth of gas stove market include growing awareness for indoor pollution and soaring demand for advanced
electrical appliances around the globe. In addition, lowered prices of cooking gas and higher penetration of gas
stove in developing and underdeveloped economies across the globe are expected to stimulate market growth
in the upcoming years.
The recent technological advancement in the gas stove industry has led to development of cost-effective
solutions thus fostering market growth, in the recent years. Additionally, numerous governments’ initiative and
subsidies to promote adoption of gas stove is expected to offer lucrative growth opportunities for industry
players over the forecast period. Introduction of multi-cooking feature that save space in modular kitchen is
gaining traction among large number of homes across the globe. Globally, the market is anticipated to grow at
a CAGR of 10.6% by 2023, providing numerous opportunities for market players to invest in research and
development of the gas stove market.
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A gas stove is capable of operation on different types of gases such as syngas, natural gas, propane, butane, and
liquefied petroleum gas or LPG as a fuel source. Gas stoves are broadly categorized into two major types based
on ignition sources such as standing pilot gas stoves and electric gas stoves. A standing pilot consists of a small,
constantly flaming pilot light, located under the cooktop. The electric gas stove is considered as one of the