Traditionally, gas ranges have been the first choice for dedicated home cooks, but that's likely to change.

Induction cooking is gaining steam, and according to Forbes, it will overtake gas and electric ranges and cooktops within a couple of decades.

But before you switch to induction, there are a few important things you should know.

1. Induction stoves are more expensive to purchase than gas or electric. The higher price often pays off in the long run, though, because induction models use about 10 percent less energy. Induction cookings saves time, too, because cookware heats faster and more evenly.

2. You might need new cookware. Induction works by activating iron particles to create heat, which limits users to stainless steel or cast iron. Copper, glass or aluminum cookware will stay stone cold.

3. Induction is safer than gas or electric. If safety is a concern—think small children or curious pets—then induction might be a good pick because only the cookware becomes hot, meaning there are no open flames and the cooktop remains cool to the touch. 

4. Induction takes time to master. Induction burners require precise placement of the cookware to activate the heating element, and shorter cooking times require you to adjust your usual routines.

5. The use of induction stoves may help reduce air pollutants and release less hot air into the kitchen.