Global Electric Fireplaces Market Research Report 2023(Status and Outlook)

Global Electric Fireplaces Market Research Report 2023(Status and Outlook)

Report Overview

Electric Fireplaces is a kind of heating apparatuses used in home and hotel, especially when cold winter. It can support enough heat and you don’t worry about fire, it is much safer than the wooden fireplaces.

Electric fireplaces work by using metal coils that are heated via electricity. Electric fireplaces are also constructed with an air blower near the coils. As a charge runs through the metal coils, they heat up from the current and a blower inside the fireplaces sends the warm air out.

Electric fireplaces are also efficient. They do not waste heat as over 99 percent of the warmth is sent out by the blowers. Due to the efficient distribution of heat, electric fireplaces are also safe to touch.

In terms of installation, electric fireplaces are exceptionally cheaper than real fireplaces. Real fireplaces require installation of chimneys, wall mounting and restructuring of the house. Electric fireplaces can stand alone and by themselves with little time spent putting them in place. Electric fireplaces can also have designs which simulate the look and feel of a real fireplace.

Global Electric Fireplaces key players include GLEN DIMPLEX, Twin-Star, Fuerjia, BTB, Allen, etc. Global top five manufacturers hold a share over 60%.

EU is the largest market, with a share over 35%, followed by China and USA, both have a share over 35%.

In terms of product, Wall is the largest segment, with a share over 35%. And in terms of application, the largest application is Hotel, followed by Home, etc.

The Global Electric Fireplaces Market Size was estimated at USD 2477.00 million in 2022 and is projected to reach USD 3773.96 million by 2029, exhibiting a CAGR of 6.20% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Electric Fireplaces market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Fireplaces Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Fireplaces market in any manner.

Global Electric Fireplaces Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

GLEN DIMPLEX

Twin-Star

Fuerjia

BTB

Allen

Napoleon

Rui Dressing

RICHEN

Saintec

Adam

Hubei Ruolin

Ritian Industry

Andong

SEI

GHP Group Inc

Jetmaster

Kent Fireplace

Buck Stove

Market Segmentation (by Type)

Freestanding Electric Fireplaces

Wall Electric Fireplace

Corner Electric Fireplace

Market Segmentation (by Application)

Narrow-Body

Wide-Body

Regional Jet

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electric Fireplaces Market

Overview of the regional outlook of the Electric Fireplaces Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors