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Was curious if induction water heaters were a thing and if they had any benefits over a traditional electric resistance coil. On quora someone argues that a resistance coil is a near perfect conversion of electricity to heat, therefore no benefit to induction - is this correct? Is the efficiency gains in induction cooktops solely due a more to less waste heat between the coil and pan than with a resistance coil? But then if induction transfers heat more efficiently to the metal surface on a cooktop, why not in a water heater?