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The global induction cooktops market was estimated at $9.16 billion in value during 2015. [citation needed] In April 2010, The New York Times reported that "In an independent survey [in 2009] by the market research company Mintel of 2,000 Internet users who own appliances, only 5 percent of respondents said they had an induction range or ...
From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [ 12 ] On September 8, 2014, General Electric agreed to sell the company to Electrolux , a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation , for US$3.3 billion in cash.
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These cooktops have a smooth surface and are thus easier to clean, but are markedly more expensive. [citation needed] A third technology is the induction stove, which also has a smooth glass-ceramic surface. Only ferromagnetic cookware works with induction stoves, which heat by dint of electromagnetic induction. [15]
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An induction cooktop involves the electrical heating of a cooking vessel by magnetic induction instead of by radiation or thermal conduction from an electrical heating element or from a flame. Because inductive heating directly heats the vessel, very rapid increases in temperature can be achieved and changes in heat settings are fast, similar ...