Electric Fireplaces Market Research Report 2021 – 2027
Latest released, the research study on Global Electric Fireplaces Market Report Forecast 2021 – 2027, offers a detailed overview of the factors influencing the global business scope. Electric Fireplaces Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Electric Fireplaces. The study covers emerging player’s data, including competitive landscape, sales, revenue and global market share of top manufacturers are: 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 2020, the global Electric Fireplaces market size was US$ 2477 million and it is expected to reach US$ 3773.1 million by the end of 2027, with a CAGR of 6.2% during 2021-2027.
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Electric Fireplaces is a kind of heating apparatuses used in home and hotel, especially when cold winter. It can support enough heat and you dont 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.
Global Electric Fireplaces key players include GLEN DIMPLEX, Twin-Star, Fuerjia, BTB, Allen, etc. Global top five manufacturers hold a share over 60%.
EU is the largest market, with a share over 35%, followed by China and USA, both have a share over 35%.
In terms of product, Wall is the largest segment, with a share over 35%. And in terms of application, the largest application is Hotel, followed by Home, etc.
This report elaborates the market size, market characteristics, and market growth of the Electric Fireplaces industry, and breaks down according to the type, application, and consumption area of Electric Fireplaces. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Segmentation By Type:
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Segmentation By Application:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Electric Fireplaces Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Electric Fireplaces Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered:
– Who are the Leading key players and what are their Key Business plans in the Global Electric Fireplaces market?
– What are the key concerns of the five forces analysis of the Global Electric Fireplaces market?
– What are different prospects and threats faced by the dealers in the Global Electric Fireplaces market?
– What are the strengths and weaknesses of the key vendors?
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