[250 Pages Report] The global electric fireplace market was worth US$ 2.18 Billion in 2021, and is expected to register a Y-o-Y growth of 1.4%. The market is expected to grow at a CAGR of 3.7% between 2022 and 2032, from US$ 2.21 Billion in 2022 to USD 3.2 Billion in 2032. The global market grew by 2% in 2020, compared to the average year-on-year growth from 2017 to 2019.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 2.18 Billion |
| Expected Market Value (2022) | US$ 2.21 Billion |
| Anticipated Forecast Value (2032) | US$ 3.2 Billion |
| Projected Growth Rate (2022 to 2032) | 3.7% CAGR |
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.
Furthermore, because an electrical switch controls them, electric fireplaces are more convenient and safe to use. The heat and flames are generated directly by using electricity in the electric fireplace, eliminating the need for a chimney and the production of smoke. One of the primary reasons for the high demand for electric fireplaces on the global market is the elimination of the need for a chimney.
Furthermore, manufacturers in the global market are concentrating their efforts on introducing novel products such as 3D flames and an electric fireplace with a crackling sound system. Electric fireplaces with multicolored flames are also available on the global market.
As a result, offering innovative products has become a major trend in the market, as manufacturers increase competition by adding more features to the electric fireplaces they offer. As a result, the electric fireplace market is expected to expand at a rapid pace during the forecast period.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The electric fireplace market is expected to grow at a healthy rate in the future, owing to the increasing adoption of electric fireplaces over traditional ones. Customers' preferences are shifting from traditional to electric fireplaces due to their benefits.
Electric fireplaces, for example, are pollution-free, portable, economical, and safer to use, and their maintenance costs are lower than those of wood and gas fireplaces.
Furthermore, electric fireplace manufacturers provide innovative products such as freestanding, wall-mounted, table-top, wall or table inserts, and stove style, which is one of the key factors responsible for the electric fireplace market's healthy growth during the forecast period.
Factors such as the higher cost of electric fireplaces, low efficiency when compared to conventional fireplaces, and the unsuitability of these fireplaces for exposure to the environment are some of the factors that are likely to impede the overall growth of the electric fireplace market in the future.
Principal Consultant
Over the forecast period, Asia Pacific is expected to grow at a slow pace. The tropical climate conditions in South Asia provide few opportunities for market growth in India and the majority of ASEAN countries. However, due to the colder climate, the market may see significant demand from countries in the Far East region. The manufacturers' target markets are expected to be Japan, South Korea, and China's eastern provinces.
The market in North America is expected to grow steadily due to the increased adoption of newer technologies, as well as growing regional awareness of rising pollution levels. The North American market was valued at US$ 901 Million in 2020.
In terms of market share, the United States is expected to maintain its dominant position throughout the forecast period. The substantial customer reach and impressive performance of key players in the country are expected to steer the regional market's growth projections. Increased customer awareness, stringent regulatory norms imposed by federal government authorities, and product portfolio enhancement by manufacturers are three notable factors driving the market growth.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The growing demand for smoke-free and environmentally friendly products with features such as smart connectivity, weather sensors, AI-based, and IoT integrated operation is propelling market growth across Europe.
Furthermore, favorable weather climates, advantages over gas-based or wood pallet-based units, and adoption of aesthetically advanced and modern fireplaces are promoting promising regional market development. The active market vendors' production of safe and secure electric fireplaces is supplementing sales of these products in commercial infrastructures.
The global market for electric fireplaces is highly consolidated and dominated by the market's top players. Some of the major players in the global market for electric fireplace manufacturing and sales are:
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 3.7% from 2022 to 2032 |
| Market Value in 2022 | US$ 2.21 Billion |
| Market Value in 2032 | US$ 3.2 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
FMI projects the global electric fireplace market to expand at a 3.7% value CAGR by 2032.
North America is expected to be the most opportunistic Electric fireplace market
Twin-Star Home (ClassicFlame®), Real Flame, Dimplex North America and Amantii Electric Fireplaces are some prominent electric fireplace manufacturers
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Electric Fireplace Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Electric Fireplace Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Electric Fireplace Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Electric Fireplace Type, 2022-2032 5.3.1. Stove 5.3.2. Insert 5.3.3. Table-Top 5.3.4. Wall-Mounted 5.3.5. Freestanding 5.4. Y-o-Y Growth Trend Analysis By Electric Fireplace Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Electric Fireplace Type, 2022-2032 6. Global Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Electric Fireplace Size 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Electric Fireplace Size, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Electric Fireplace Size, 2022-2032 6.3.1. Small - Up to 35" 6.3.2. Medium - 36" - 42" 6.3.3. Large - 43" - 48" 6.3.4. Extra Large - 9" & Above 6.4. Y-o-Y Growth Trend Analysis By Electric Fireplace Size, 2017-2021 6.5. Absolute $ Opportunity Analysis By Electric Fireplace Size, 2022-2032 7. Global Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application, 2022-2032 7.3.1. Residential 7.3.2. Commercial 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032 8. Global Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Electric Fireplace Type 9.2.3. By Electric Fireplace Size 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Electric Fireplace Type 9.3.3. By Electric Fireplace Size 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By Electric Fireplace Type 10.2.3. By Electric Fireplace Size 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Electric Fireplace Type 10.3.3. By Electric Fireplace Size 10.3.4. By Application 10.4. Key Takeaways 11. Europe Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By Electric Fireplace Type 11.2.3. By Electric Fireplace Size 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Electric Fireplace Type 11.3.3. By Electric Fireplace Size 11.3.4. By Application 11.4. Key Takeaways 12. East Asia Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Electric Fireplace Type 12.2.3. By Electric Fireplace Size 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Electric Fireplace Type 12.3.3. By Electric Fireplace Size 12.3.4. By Application 12.4. Key Takeaways 13. South Asia & Pacific Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By Electric Fireplace Type 13.2.3. By Electric Fireplace Size 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Electric Fireplace Type 13.3.3. By Electric Fireplace Size 13.3.4. By Application 13.4. Key Takeaways 14. MEA Electric Fireplace Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of MEA 14.2.2. By Electric Fireplace Type 14.2.3. By Electric Fireplace Size 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Electric Fireplace Type 14.3.3. By Electric Fireplace Size 14.3.4. By Application 14.4. Key Takeaways 15. Key Countries Electric Fireplace Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Electric Fireplace Type 15.1.2.2. By Electric Fireplace Size 15.1.2.3. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Electric Fireplace Type 15.2.2.2. By Electric Fireplace Size 15.2.2.3. By Application 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Electric Fireplace Type 15.3.2.2. By Electric Fireplace Size 15.3.2.3. By Application 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Electric Fireplace Type 15.4.2.2. By Electric Fireplace Size 15.4.2.3. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Electric Fireplace Type 15.5.2.2. By Electric Fireplace Size 15.5.2.3. By Application 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Electric Fireplace Type 15.6.2.2. By Electric Fireplace Size 15.6.2.3. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Electric Fireplace Type 15.7.2.2. By Electric Fireplace Size 15.7.2.3. By Application 15.8. U.K. 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Electric Fireplace Type 15.8.2.2. By Electric Fireplace Size 15.8.2.3. By Application 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Electric Fireplace Type 15.9.2.2. By Electric Fireplace Size 15.9.2.3. By Application 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Electric Fireplace Type 15.10.2.2. By Electric Fireplace Size 15.10.2.3. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Electric Fireplace Type 15.11.2.2. By Electric Fireplace Size 15.11.2.3. By Application 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Electric Fireplace Type 15.12.2.2. By Electric Fireplace Size 15.12.2.3. By Application 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Electric Fireplace Type 15.13.2.2. By Electric Fireplace Size 15.13.2.3. By Application 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Electric Fireplace Type 15.14.2.2. By Electric Fireplace Size 15.14.2.3. By Application 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Electric Fireplace Type 15.15.2.2. By Electric Fireplace Size 15.15.2.3. By Application 15.16. ASEAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Electric Fireplace Type 15.16.2.2. By Electric Fireplace Size 15.16.2.3. By Application 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Electric Fireplace Type 15.17.2.2. By Electric Fireplace Size 15.17.2.3. By Application 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Electric Fireplace Type 15.18.2.2. By Electric Fireplace Size 15.18.2.3. By Application 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Electric Fireplace Type 15.19.2.2. By Electric Fireplace Size 15.19.2.3. By Application 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Electric Fireplace Type 15.20.2.2. By Electric Fireplace Size 15.20.2.3. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Electric Fireplace Type 16.3.3. By Electric Fireplace Size 16.3.4. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Twin-Star Home (ClassicFlame®) 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Real Flame 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Dimplex North America 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Amantii Electric Fireplaces 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Napoleon Fireplaces 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Duraflame, Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. GHP Group Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Modern Flames 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Sierra Flames 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Woodbridge Fireplace Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Montigo 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. Heatilator 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.13. Alaskan Fireplace Company 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 17.1.14. OER Fireplaces 17.1.14.1. Overview 17.1.14.2. Product Portfolio 17.1.14.3. Profitability by Market Segments 17.1.14.4. Sales Footprint 17.1.14.5. Strategy Overview 17.1.14.5.1. Marketing Strategy 17.1.14.5.2. Product Strategy 17.1.14.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Industrial Automation
February 2022
REP-GB-1633
July 2023
289 pages
Explore Industrial Automation Insights
View Reports
Electric Fireplace Market
