Induction cooker history

China began to produce induction cooker in the 1980s, after nearly 30 years of development, induction cooker industry is accelerating the development trend, induction cooker is playing a more and more important role in people’s life.

In 2005, China’s induction cooker industry grew rapidly with the output of 14.5 million units, an increase of 87.34 percent over 7.74 million units in 2004.In 2005, the annual sales volume of induction cooker was 13.76 million, which increased by more than 90% compared with 7.205 million in 2004.

In 2006, China’s accelerated induction cooker industry development, annual production of more than 22 million units, up 51.72% over the same period in 2005, annual exports of 2.1 million, nearly 50% higher than the same period in 2005, induction cooker, further improve the degree of brand concentration of the top ten brand market share of 92.6%, further to the first-line brand market share concentration, induction cooker in kitchen appliances is to grab an eye most growth of the product.

In 2007, after the price of induction cooker microcrystal panel was lowered, part of induction cooker enterprises led by Galanz, Midea, Jinling, Kewei, etc. started a “price war”.And it is this round of price war, make a batch of electromagnetism furnace enterprise that is wandering in delister edge because of product unsalable originally lost viability completely, also make the brand concentration degree of the industry can improve.In 2007, the reshuffle of induction cooker industry scale is larger, only in October there are 20% of the enterprise was eliminated.

Induction cooker market after experiencing the prosperity in 2005, the second half of 2006 encountered “Waterloo” until 2007 continued weak, entered the third quarter of 2008, induction cooker market ushered in a year in the sales of small peak season.But in the context of the global financial crisis and economic slowdown, small appliances in the overall growth decline in the domestic home appliances industry unique.In 2008, domestic enterprises engaged in small home appliances sales in the first three quarters of growth.