Electric Fireplace Market Outlook, Opportunity & Demand Analysis, Forecast 2022 to 2032

With a 1.4 percent year-on-year growth, the global electric fireplace market is expected to be worth US$ 2.18 billion in 2021. The market is expected to grow at a CAGR of 3.7 percent between 2022 and 2032, from US$ 2.21 billion in 2022 to US$ 3.2 billion in 2032. The global market expanded by 2% in 2020, compared to the 2% average year-on-year growth from 2017 to 2019.

During the winter, an electric fireplace is a heating device that is used to heat a room or workplace in both residential and commercial buildings. Electric fireplaces are becoming more popular due to their lower energy consumption and higher efficiency output.

This is due to the region’s lack of product awareness, as well as pollution caused by traditional fireplaces. Furthermore, the Middle East and Africa market is expected to have low to moderate growth in the future.

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Global Electric Fireplace Market Participants :

The global market for electric fireplaces is consolidated and is highly dominated by top players in the market. Some of the leading players involved in the manufacturing and sales of the electric fireplace across the global market are:

  • Twin-Star Home (ClassicFlame®)
  • Real Flame
  • Dimplex North America
  • Amantii Electric Fireplaces
  • Napoleon Fireplaces
  • Duraflame, Inc.
  • Muskoka Electric Fireplaces
  • Modern Flames

The research report presents a comprehensive assessment of the electric fireplace market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated electric fireplace market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to electric fireplace market segments such as geographies, application, and industry.

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Key Segments Covered in the Electric Fireplace Market Study

Electric Fireplace Market by Type:

  • Electric Stove
  • Insert Electric Fireplace
  • Table-Top Electric Fireplace
  • Wall-Mounted Electric Fireplace
  • Freestanding Electric Fireplace

Electric Fireplace Market by Size:

  • Small (Up to 35″) Sized Electric Fireplace
  • Medium (36″ – 42″) Sized Electric Fireplace
  • Large (43″ – 48″) Sized Electric Fireplace
  • Extra Large (49″ & Above) Sized Electric Fireplace

Electric Fireplace Market by Application:

  • Electric Fireplace for Residential Applications
  • Electric Fireplace for Commercial Applications

Electric Fireplace Market by Region:

  • North America Electric Fireplace Market
  • Latin America Electric Fireplace Market
  • Europe Electric Fireplace Market
  • East Asia Electric Fireplace Market
  • South Asia & Pacific Electric Fireplace Market
  • Middle East and Africa Electric Fireplace Market

About Future Market Insights, Inc.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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