Press release
Electric Fireplace Market Outlook with Company Profiles – GLEN DIMPLEX, SEI, Buck Stove, Twin-Star International, Allen, Napoleon, Kent Fireplace, Adam and More
Over the next five years, the research study projects that Electric Fireplace Market will register a 3.7% CAGR in terms of revenue, reach US$ 4800 million by 2023, from US$ 3870 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Fireplace market by product type, application, key manufacturers and key regions.
An Electric Fireplace is an electric heater that mimics a fireplace burning coal, wood, or natural gas. Electric Fireplaces are often placed in conventional fireplaces, which can then no longer be used for conventional fires. They plug into the Freestanding Electric Fireplaces, and can run on a "flame only" setting, or can be used as a heater, typically consuming 1.4-1.6 kW that can heat a 400 sq ft (37 m2) room.
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There is also a certain space of demand of Electric Fireplace product in market, but basically it shows the scarcity of high-end products and excess capacity of low end products. There is a large market demand of high-end products to seize market share of imports.
Despite the presence of competition problems, trend is clear due to the global recovery. Investors are still optimistic about this area; the future will still have more new investment.
As large demand of high-end products at abroad, many companies began to enter the field of high-end. Currently, the Chinese Electric Fireplace industry is not only begin to transit to high-end Electric Fireplace products but also extend in the resource-rich land and downstream industry chain.
To calculate the market size the research study considers value and volume generated from the sales of the following segments: Segmentation by product type are Wall Mount Electric Fireplaces, Built-In Electric Fireplaces and Freestanding Electric Fireplaces. Also, segmentation by application are House Use, Hotel Use and Other Place Use.
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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 are GLEN DIMPLEX, SEI, Buck Stove, Twin-Star International, Allen, Napoleon, Kent Fireplace, Adam, Jetmaster, Fuerjia, Rui Dressing, GHP Group Inc., BTB, Boge Technology, RICHEN, Saintec, Hubei Ruolin, Paite, Andong and Ruitian Industry.
Related Report:
Global Contemporary Fireplace Market Research Report 2018
In this report, the global Contemporary Fireplace market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Global Contemporary Fireplace market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including DAE chimeneas, EcoSmart Fire, Escea, Focus, GlammFire, HEAT & GLO, HERGOM, PIMAR, Purline-Climacity, Acquaefuoco, Acquisitions Fireplaces, Axis, Barbas, Bellfires and CL Design.
Read More: https://www.researchbeam.com/global-contemporary-fireplace-research-report-2018-market?utm_source=OPR&utm_medium=CC
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