Electric Fireplace Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022
The global electric fireplace market is expected to be worth US$ 2.18 billion in 2021, with a 1.4 percent year-on-year growth. Between 2022 and 2032, the market is expected to grow at a CAGR of 3.7 percent, from USD 2.21 billion in 2022 to USD 3.2 billion in 2032. In 2020, the global market grew by 2%, compared to the 2% average year-on-year growth from 2017 to 2019.
An electric fireplace is a heating device that is used in
both residential and commercial buildings to heat a room or workplace during
the winter. Electric fireplaces are becoming more popular because of their
lower energy consumption and higher efficiency output.
This can be attributed to the region’s low product awareness
as well as the pollution caused by traditional fireplaces. Furthermore, the
market in the Middle East and Africa region is expected to have low growth
potential and moderate growth in the future.
Global Electric Fireplace
Market: Market Participants
The global market for electric fireplaces is consolidated
and is highly dominated by top players in the market. Some of the leading
players involved in the manufacturing and sales of the electric fireplace
across the global market are:
- Twin-Star
Home (ClassicFlame®)
- Real
Flame
- Dimplex
North America
- Amantii
Electric Fireplaces
- Napoleon
Fireplaces
- Duraflame,
Inc.
- Muskoka
Electric Fireplaces
- Modern
Flames
- Sierra
Flames
- Woodbridge
Fireplace Inc.
- Montigo
- Heatilator
- Alaskan
Fireplace Company
- OER
Fireplaces
The research report presents a comprehensive assessment of
the electric fireplace market and contains thoughtful insights, facts,
historical data, and statistically supported and industry-validated electric
fireplace market data. It also contains projections using a suitable set of
assumptions and methodologies. The research report provides analysis and
information according to electric fireplace market segments such as
geographies, application, and industry.
The report covers an exhaustive analysis on:
- Market
Segments
- Market
Dynamics
- Market
Size
- Supply
& Demand
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Value
Chain
Regional analysis includes:
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil)
- Western
Europe (Germany, Italy, France, U.K, Spain)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessments by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides an in-depth analysis of parent market trends, macro-economic
indicators and governing factors along with market attractiveness as per
segments. The report also maps the qualitative impact of various factors on
electric fireplace market segments and geographies.
Access Full Report: https://www.futuremarketinsights.com/reports/electric-fireplace-market
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