Global Electric Fireplaces Market: Analysis & Forecast 2019-2024


Posted April 4, 2019 by prachitisharma98

The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Electric Fireplaces Market and Technology Forecast to 2024”under Consumer Goods Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Electric Fireplaces Market is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 2910 million US$ in 2024.

Global Electric Fireplaces Market is a kind of heating apparatuses used in home and hotel, especially when cold winter. It can support enough heat and you don’t worry about fire, it is much safer than the wooden fireplaces.


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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.

Scope of the Report:
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.

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 worldwide market for Electric Fireplaces is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 2910 million US$ in 2024, from 2050 million US$ in 2019, according to a new GIR (Global Info Research) study.

This report focuses on the Electric Fireplaces in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers:
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

Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers:
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace

Market Segment by Applications, can be divided into:
Home
Hotel
Other

Browse our full report with Table of Contents :
https://www.bharatbook.com/marketreports/global-electric-fireplaces-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024/1431669

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Last Updated April 4, 2019