Electric Ranges Market Size, Share, Trends And Industry Report, 2030
Electric Ranges Market Growth & Trends The global electric ranges market size is anticipated to reach USD 37.59 billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing growth due to rising consumer demand for energy-efficient appliances and heightened awareness of environmental sustainability. Advances in cooking technology, along with the integration of smart home features, are making electric ranges increasingly attractive to urban consumers. A 2023 Climate Nexus survey indicates a near split in preferences, with 43% of American adults favoring gas stoves and 42% preferring electric. However, there is considerable public concern over gas stove safety and strong support for regulations addressing the risks of methane emissions. This evolving sentiment is likely to drive consumers toward electric ranges as they seek safer, more sustainable cooking options. The market is governe...