Electric Fireplace Market

Global Electric Fireplace Market by Types (Wall-Mounted Electric Fireplace, Freestanding Electric Fireplaces, and Corner Electric Fireplace), Applications (Home, Hotel, and Other), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)

  • Report ID: CG-107
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 155
  • No. Of Pages: 175
  • Format:
  • Pub. Date: 2019-11-15
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Market Outlook:

The Global electric fireplace market was valued at USD 2,132.3 Mn in 2019 and is projected to reach around USD 3,561.0 Mn by 2027, expanding at CAGR of 6.9% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 6.4% between 2020 and 2027. Electric fireplaces are economical and safe to use, portable, and pollution-free, and their maintenance costs are lesser than conventional fireplaces that require gas and wood. Moreover, the manufacturers of electric fireplaces provide innovative products such as table or wall inserts and stove style, wall-mounted, and freestanding, which in turn, is expected to drive the growth of the electric fireplace market during the forecast period.

Global Electric Fireplace Market Key Takeaways

Market Dynamics
Low efficiency and high cost of electric fireplace restrain the growth of the global electric fireplace market. Moreover, electric fireplaces do not provide exact kind of flame and heat as the gas and wood fireplace, thus hindering market growth in future. Advancements in the technology of electric fireplaces such as the crackling sound of a wood-burning fireplace on the mic, smoke via hidden water chamber, and 3D flames are expected to increase the use of electric fireplace and create opportunities in the electric fireplace market during the forecast period. Rise in economy and living standards of people is fueling the demand for electric fireplaces.

Segmental Outlook

By Types
Definitions
Wall-mounted Electric Fireplace

A wall-mounted electric fireplace heater adds sophistication and style to any room. Most of the wall-mounted electric fireplace heaters provide low cost heat then conventional fireplace and are fully automated. Wall-mounted electric fireplaces provide various key features such as low energy consumption, LED flame technology, slim design, easy installation, remote and/or touch screen controls, variable heat settings, and a variety of color options.

Global Electric Fireplace Market By Type

Freestanding Electric Fireplace
A free-standing electric place provides the homeowner with an opportunity to kick back in front of the fireplace in whichever room they prefer. This type of electric fireplace is versatile, modern, easy to install, and requires little or no constriction for setup. A free-standing electric fireplace is considered to be attractive for hoteliers and homeowners who want to buy a fireplace but do not a large budget to install a fireplace. Hence, free-standing fireplaces are considered as their overall cost is less and don’t require a big project.

Corner Electric Fireplace
The corner electric fireplace comes in a triangle shape and is specially designed for the corners of the house. The product is no different from freestanding and wall mounted electric corner, as its operation and the primary properties are the same as other fireplaces, by the only difference is the shape and design.

By Applications
In terms of applications, the electric fireplace market is segregated into homes, hotels, and others. Electric fireplaces are extensively used in every area of the homes as kitchens, bedrooms, living rooms, patios, and bathrooms. Furthermore, electric fireplaces invoke a sense of comfort and warmth, and many people in cold countries are using electric fireplaces into their homes. These fireplaces serve the purposes of heating the homes, while enhancing their ambiance and beauty.

Global Electric Fireplace Market By Application

Regional Outlook

Based on regions, the global electric fireplace market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in North America is expected to expand at a CAGR of over 7.4% during the forecast period owing to rising awareness among the people about the climatic changes and high adoption of new technologies in the region. The market in Europe is projected to grow due to the increase in innovation of products by the manufacturers of electric fireplaces. Furthermore, the market in Asia Pacific is anticipated to grow at a moderate pace during the forecast period, as the number of houses is rising and growing awareness among people about pollution caused by conventional fireplaces. The market in the Middle East & Africa is expected to grow at a slow pace, as the climate in this region hot and the use of the electric fireplace is limited.

Global Electric Fireplace Market By Region

Competitive Landscape

  • Key players in the market include GLEN DIMPLEX GROUP, Twin Star Home, Zhejiang Fuerj Electric Science and Technology Co., Ltd, Fujian Allen Electronics Co., LTD, Yiwu Andong Electric Appliance Co., Ltd., and Techome (Zhongshan) Industrial Co., Ltd. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
  • These players are adopting key strategies such as product development and geographical expansion to increase their presence in the electric fireplace market.
  • In 2019, Twin Star Home announced plans to expand its electric fireplace mantel to help it increase its product portfolio.
  • In 2017, GLEN DIMPLEX GROUP acquired Real Flame, a manufacturer of gas fireplace technology, to increase its product portfolio.

Global Electric Fireplace Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global electric fireplace market
  • Historical, current and projected market size in terms of value and volume
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global electric fireplace market performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Fireplace Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Electric Fireplace Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Electric Fireplace Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Electric Fireplace Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Electric Fireplace Market Size & Forecast, 2017-2027
      4.5.1 Electric Fireplace Market Size and Y-o-Y Growth
      4.5.2 Electric Fireplace Market Absolute $ Opportunity
Chapter 5 Global Electric Fireplace Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Electric Fireplace Market Size & Volume Forecast By Type
      5.2.1 Wall-Mounted Electric Fireplace
      5.2.2 Freestanding Electric Fireplaces
      5.2.3 Corner Electric Fireplace
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Electric Fireplace Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Electric Fireplace Market Size & Volume Forecast By Application
      6.2.1 Home
      6.2.2 Hotel
      6.2.3 Other
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Electric Fireplace Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Electric Fireplace Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Electric Fireplace Analysis and Forecast
   9.1 Introduction
   9.2 North America Electric Fireplace Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Electric Fireplace Market Size & Volume Forecast By Type
      9.6.1 Wall-Mounted Electric Fireplace
      9.6.2 Freestanding Electric Fireplaces
      9.6.3 Corner Electric Fireplace
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Electric Fireplace Market Size & Volume Forecast By Application
      9.10.1 Home
      9.10.2 Hotel
      9.10.3 Other
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Electric Fireplace Analysis and Forecast
   10.1 Introduction
   10.2 Europe Electric Fireplace Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Electric Fireplace Market Size & Volume Forecast By Type
      10.6.1 Wall-Mounted Electric Fireplace
      10.6.2 Freestanding Electric Fireplaces
      10.6.3 Corner Electric Fireplace
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Electric Fireplace Market Size & Volume Forecast By Application
      10.10.1 Home
      10.10.2 Hotel
      10.10.3 Other
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Electric Fireplace Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Electric Fireplace Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Electric Fireplace Market Size & Volume Forecast By Type
      11.6.1 Wall-Mounted Electric Fireplace
      11.6.2 Freestanding Electric Fireplaces
      11.6.3 Corner Electric Fireplace
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Electric Fireplace Market Size & Volume Forecast By Application
      11.10.1 Home
      11.10.2 Hotel
      11.10.3 Other
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Electric Fireplace Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Electric Fireplace Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Electric Fireplace Market Size & Volume Forecast By Type
      12.6.1 Wall-Mounted Electric Fireplace
      12.6.2 Freestanding Electric Fireplaces
      12.6.3 Corner Electric Fireplace
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Electric Fireplace Market Size & Volume Forecast By Application
      12.10.1 Home
      12.10.2 Hotel
      12.10.3 Other
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Electric Fireplace Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Electric Fireplace Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Electric Fireplace Market Size & Volume Forecast By Type
      13.6.1 Wall-Mounted Electric Fireplace
      13.6.2 Freestanding Electric Fireplaces
      13.6.3 Corner Electric Fireplace
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Electric Fireplace Market Size & Volume Forecast By Application
      13.10.1 Home
      13.10.2 Hotel
      13.10.3 Other
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Electric Fireplace Market: Competitive Dashboard
   14.2 Global Electric Fireplace Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 GLEN DIMPLEX GROUP
      14.3.2 Twin Star Home
      14.3.3 Zhejiang Fuerj Electric Science and Technology Co., Ltd
      14.3.4 Fujian Allen Electronics Co., LTD
      14.3.5 Napoleon Fireplaces
      14.3.6 Techome (Zhongshan) Industrial Co., Ltd.
      14.3.7 Zhongshan Ritian Industrial Co., Ltd.
      14.3.8 Yiwu Andong Electric Appliance Co., Ltd.
      14.3.9 Southern Enterprises, LLC
      14.3.10 GHP Group Inc
      14.3.11 Shanghai Baolutong Electric Equipment Co., Ltd.
      14.3.12 Jetmaster
      14.3.13 Ningbo Richen Electrical Appliance Co., Ltd.
      14.3.14 Adam
      14.3.15 Hubei Ruolin Electric Technology Co., Ltd.
Key Segments Covered
By Types
  • Wall-Mounted Electric Fireplace
  • Freestanding Electric Fireplaces
  • Corner Electric Fireplace
By Applications
  • Home
  • Hotel
  • Others
By Regions
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East and Africa

Key Market Players Profiled in the Report
  • Adam
  • Fujian Allen Electronics Co., LTD
  • GHP Group Inc
  • GLEN DIMPLEX
  • Hubei Ruolin Electric Technology Co., Ltd.
  • Jetmaster
  • Napoleon Fireplaces
  • Ningbo Richen Electrical Appliance Co., Ltd.
  • Shanghai Baolutong Electric Equipment Co., Ltd.
  • Southern Enterprises, LLC
  • Techome (Zhongshan) Industrial Co., Ltd.
  • Twin Star Home
  • Yiwu Andong Electric Appliance Co., Ltd.
  • Zhejiang Fuerj Electric Science and Technology Co., Ltd
  • Zhongshan Ritian Industrial Co., Ltd.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers types of electric Fireplace such as wall-mounted electric fireplace, freestanding electric fireplaces, corner electric fireplace.

According to this Growth Market Reports report, the market from electric fireplace is likely to register a CAGR of 6.9% during forecast period 2020-2027, with an anticipated valuation of USD 3,561.0 million by the end of the 2027.

In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the electric fireplace is available in final report.

The market is driven by rise in the adoption of electric fireplaces as compared to the conventional fireplaces and the use of electric fireplace in growing in the market as they are ease to use and flexible.

Homes, hotels, and others are the key applications that are driving the global electric fireplace market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness slight fall in growth owing to the negative impact of COVID-19 pandemic on the electric fireplace market.

The base year considered for the global electric fireplace market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major manufactures include, GLEN DIMPLEX GROUP, Twin Star Home, Zhejiang Fuerj Electric Science and Technology Co., Ltd, Napoleon Fireplaces, Techome (Zhongshan) Industrial Co., Ltd., Zhongshan Ritian Industrial Co., Ltd., Yiwu Andong Electric Appliance Co., Ltd., and Others.