Press release
Electric Fireplaces Market: Drivers, Restraints, Growth Opportunities, and Challenges 2018 to 2025
This report presents the worldwide Electric Fireplaces market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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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.
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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.
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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.
The Electric Fireplaces market was valued at 2050 Million US$ in 2017 and is projected to reach 3300 Million US$ by 2025, at a CAGR of 6.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Electric Fireplaces.
The following manufacturers are covered in this report:
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
Electric Fireplaces Breakdown Data by Type
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Electric Fireplaces Breakdown Data by Application
Home
Hotel
Other
Electric Fireplaces Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Electric Fireplaces Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
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