Global Electric Fireplaces Market Insights, Forecast to 2025
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.
Market competition is fierce. GLEN DIMPLEX has a big share with 30.73 market share of total market followed by Twin-Star (17%). Other companies are in small scale. In addition, Rui Dressing and Fuerjia not only have their own brands but also provide OEM service for the foreign famous brands.
Briefly speaking, in the next few years, electric fireplaces industry will still be a highly energetic industry. Although sales of electric fireplaces brought a lot of opportunities, we recommend that the new entrants who just have money but without technical advantage and downstream support, do not to enter into the electric fireplaces field hastily.
The Electric Fireplaces market was valued at 2050 Million US$ in 2018 and is projected to reach 3300 Million US$ by 2025, at a CAGR of 6.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Fireplaces.
This report presents the worldwide Electric Fireplaces market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
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
Electric Fireplaces Breakdown Data by Type
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Electric Fireplaces Breakdown Data by Application
Home
Hotel
Other
Electric Fireplaces Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Electric Fireplaces Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electric Fireplaces status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Electric Fireplaces manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electric Fireplaces :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Fireplaces market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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.
Market competition is fierce. GLEN DIMPLEX has a big share with 30.73 market share of total market followed by Twin-Star (17%). Other companies are in small scale. In addition, Rui Dressing and Fuerjia not only have their own brands but also provide OEM service for the foreign famous brands.
Briefly speaking, in the next few years, electric fireplaces industry will still be a highly energetic industry. Although sales of electric fireplaces brought a lot of opportunities, we recommend that the new entrants who just have money but without technical advantage and downstream support, do not to enter into the electric fireplaces field hastily.
The Electric Fireplaces market was valued at 2050 Million US$ in 2018 and is projected to reach 3300 Million US$ by 2025, at a CAGR of 6.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Fireplaces.
This report presents the worldwide Electric Fireplaces market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
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
Electric Fireplaces Breakdown Data by Type
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Electric Fireplaces Breakdown Data by Application
Home
Hotel
Other
Electric Fireplaces Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Electric Fireplaces Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electric Fireplaces status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Electric Fireplaces manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electric Fireplaces :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Fireplaces market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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