Electric Fireplace Market 2022 Size, Growth Analysis Report, Forecast to 2032

BySonu P

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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