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.
According to this study, over the next five years the Electric Fireplaces market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 2910 million by 2024, from US$ 2050 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Fireplaces business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Fireplaces market by product type, application, key manufacturers and key regions and countries.
This study considers the Electric Fireplaces value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Home
Hotel
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electric Fireplaces consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Fireplaces market by identifying its various subsegments.
Focuses on the key global Electric Fireplaces manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Fireplaces with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Fireplaces submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Electric Fireplaces . Industry analysis & Market Report on Electric Fireplaces is a syndicated market report, published as Global Electric Fireplaces Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Electric Fireplaces market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.