Electric Fireplace Market Share Leaders, Insights, Growing and forecast 2027

[manisha kashid]

Electric fireplaces resemble traditional wood-fired fireplaces in appearance but do not require professional installation or venting in the home. Because of constant technological advancements, there are more types of Electric Fireplaces available, such as those that use infrared technology. They are, however, free of fumes and hazardous gases.

Electric Fireplace Market Report Scope and Research Methodology

The report is the guide for the organizations for the strategic planning, which includes Electric Fireplace market supply, trends, share and recent developments. The report assists in the analysis of the key players, price and revenue as well as Electric Fireplace Market industry sales channels, distributors, dealers and traders, company strengths, weaknesses, research findings, conclusion, data source and appendix.

The report covers key players in the Electric Fireplace industry including company profiles, Revenue, Price, product specifications, product capacity and sales and gross margin sales with in-depth examination of Electric Fireplace market’s competitive landscape with definite data on vendors. SWOT analysis was used to provide the strengths and weaknesses of the Electric Fireplace key players in the industry while the bottom-up approach used to estimate the regional and global Electric Fireplace market size.

Electric Fireplace Market Report Overview:

The research is based on forecasts from major organizations as well as Electric Fireplace Market statistics. The report on the Electric Fireplace Market enlightens about the growth variables, current market share, technological developments, applications, and regional penetrations by 2029.

Electric Fireplace Market Size was valued at US$ 3.41 Billion in 2027, growing from US$ 2.77 Billion in 2021. It is expected to grow at a CAGR of 3.5% over the forecast period.

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Electric Fireplace Market Regional Analysis:

The Electric Fireplace Market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The current state and the forecast of the regional Electric Fireplace market is provided in the report in terms of market size, share, and volume.

Electric Fireplace Market Segmentation:

The Electric Fireplaces Market is classified into four types: wall mounted, built-in, fireplace inserts, mantel/freestanding, and tabletop. Because the units can be hung on a wall and are capable of low-profile integration, wall mounted systems will be in high demand. Manufacturers' efforts to introduce a diverse range of products in the product above type, as well as the incorporation of remote connectivity and advanced media options, are factors favouring the segment's promising performance. In addition to a sizable market share, the wall mount electric segment is expected to grow steadily over the forecast period.

The majority of manufacturers believe that the wall-mounted segment will grow faster than the built-in segment. Glen Dimplex, for example, has received high demand from customers for wall-hung and built-in models in 2020, according to Brain Mills, Vice President of Commerce. The ease of installation of wall-hung models in existing infrastructure is the primary reason for the segment's stellar performance. Whereas efficient use of available space and appropriate installation of built-in structure to generate highly efficient operation open up new growth opportunities for the built-in segment.

The Electric Fireplace Market is divided into two applications: residential and commercial. Among these, the residential segment dominates and is expected to grow at a faster rate due to increased interest among domestic consumers in installing electric-powered systems in their homes. People spent a lot of time at home during the COVID-19 pandemic, which led them to rediscover their interior aesthetics.

The Global Electric Fireplace Market is divided into Fixed and Portable installations. Fixed Fireplaces dominate the market and account for the highest growth aspects. The primary reason for this is the development and production of high-powered fixed-installation units.

Electric Fireplace Market Key Players:
Twin-Star Home (Florida, US)
Sierra Flames (New York, US)
Glen Dimplex (Gerlingen, Germany)
Amantii Electric Fireplaces (Burnaby, BC)
Napoleon Fireplaces (Ontario, Canada)
Duraflame, Inc. (Henderson, US)
Modern Flames (Phoenix, Arizona)
Woodbridge Fireplace Inc. (Mississauga, Canada)
Heatilator (Mount Pleasant, Lowa)
Alaskan Fireplace Company (Wisconsin, US)
OER Fireplaces (Longton, UK)
Giantex Inc. (Neuville-en-Ferrain, France)

Key Questions answered in the Electric Fireplace Market Report are:

• What is Electric Fireplace Market?
• What are the Electric Fireplace market segments?
• Which segment of the Electric Fireplace market is expected to grow at a high rate during the forecast period?
• What is the expected CAGR of the Electric Fireplace market during the forecast period?
• Which factor is expected to create growth opportunities for the Electric Fireplace Market?
• What factors are affecting the Electric Fireplace market growth?
• Which regional Electric Fireplace market is expected to grow at a high rate during the forecast period?
• What key trends are expected to emerge in the Electric Fireplace market during the forecast?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation- A detailed analysis of each segment and their sub-segments
• Competitive Landscape - Leading key players and other prominent key players.

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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