Electric Fireplaces Market Growth 2019-2024
Electric Fireplaces 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.
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.
According to this study, over the next five years the Electric Fireplaces market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 2910 million by 2024, from US$ 2050 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Electric Fireplaces business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Fireplaces market by product type, application, key manufacturers and key regions and countries.
This study considers the Electric Fireplaces value and volume generated from the sales of the following segments:
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Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
· Freestanding Electric Fireplaces
· Wall Electric Fireplace
· Corner Electric Fireplace
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
· Home
· Hotel
· Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
· Americas
· United States
· Canada
· Mexico
· Brazil
· APAC
· China
· Japan
· Korea
· Southeast Asia
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
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The key manufacturers covered in this report: Breakdown data in in Chapter 3.
· GLEN DIMPLEX
· TwinStar
· Fuerjia
· BTB
· Allen
· Napoleon
· Rui Dressing
· RICHEN
· Saintec
· Adam
· Hubei Ruolin
· Ritian Industry
· Andong
· SEI
· GHP Group Inc
· Jetmaster
· Kent Fireplace
· Buck Stove
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
· To study and analyze the global Electric Fireplaces consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
· To understand the structure of Electric Fireplaces market by identifying its various subsegments.
· Focuses on the key global Electric Fireplaces manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
· To analyze the Electric Fireplaces with respect to individual growth trends, future prospects, and their contribution to the total market.
· To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
· To project the consumption of Electric Fireplaces submarkets, with respect to key regions along with their respective key countries.
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