Growing demand from consumers for convenience and energy efficiency is expected to drive market expansion in the near future at a CAGR of 3.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Electric Fireplace Market”.

The electric fireplace market is estimated to register a CAGR of 3.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global electric fireplace market - GLEN DIMPLEX (Gerlingen, Germany), Empire Comfort Systems (Illinois, U.S.), Alaskan Fireplace Company (Wisconsin, U.S.), Giantex Inc. (Neuville-en-Ferrain, France), Twin Star Home (Florida, U.S.), NAPOLEON (Ontario, Canada), Touchstone Home Products, Inc. (Pennsylvania, U.S.), BFM Europe Ltd (Stoke-on-Trent, U.K.), Sierra Flames (New York, U.S.), and European Home (Massachusetts, U.S.).

Market Highlights

The global electric fireplace market is accounted to register a CAGR of 3.50% during the forecast period and is estimated to reach USD 3.134 billion by 2032.

Due to their many benefits, which include portability, reduced energy consumption, increased output efficiency, no need for a chimney, easy installation, cost-effectiveness, and flexible design, electric fireplaces are becoming more and more popular worldwide. This is principally contributing to the expansion of the worldwide electric fireplace market. Furthermore, the top companies in the worldwide electric fireplace market are making significant investments to launch cutting-edge products.

Access full report @ https://www.marketresearchfuture.com/reports/electric-fireplace-market-20312

Segment Analysis

The global electric fireplace market has been segmented into product type, application, and installation.

On the basis of product type, the market is segmented into Wall Mounted, Built-In, Fireplace Inserts, Mantel/Freestanding, and Tabletop. The wall mounted segment was attributed to holding the largest market share in 2022 since the units are low-profile integratable and can be mounted on a wall, making installation simple. The factors supporting the segment's hopeful performance include manufacturers' attempts to develop a wide range of items in the product type mentioned above, as well as the integration of enhanced media options and remote connectivity.

Based on application, the global electric fireplace market has been segmented into Residential and Commercial. The residential segment was expected to hold the largest market share in 2022. The main factor propelling the growth of this market is the widespread use of electric fireplaces in homes, which use less electricity than conventional heating systems since they consume less energy.

Based on installation, the global electric fireplace market has been segmented into Fixed and Portable. The fixed segment was expected to hold the largest market share in 2022. Luxurious residences, workplaces, and hotels all have fixed electric fireplaces installed. Due to the fact that permanent fireplace systems are favored in most locations for reasons of comfort and safety, the demand for them is expanding quickly on a global scale.

Regional Analysis

The global electric fireplace market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe electric fireplace market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The electric fireplace market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World electric fireplace market comprises of Middle East, Africa, and Latin America.

The largest market share for electric fireplace was maintained by the North American regional sector because there is an increasing need for products that are environmentally efficient in terms of fuel use and operation. Furthermore, the market's potential for growth in North America is being increased by consumers switching from older, less efficient gas- or wood-pallet-powered items to more modern, quiet, and appealing electric heating systems.

Moreover, the Europe market has been persistently growing over the forecast period owing to the rise in product innovation from electric fireplace producers. The region's consumers are becoming more and more receptive to electric heating systems as a result of the production of safe and adaptable solutions.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to urbanization, rising disposable incomes, and increased concerns about the quality and safety of the air. The market for electric fireplaces is expected to grow at the fastest rate in history as more individuals in the APAC region search for modern, eco-friendly heating choices.

Furthermore, the rest of the world's electric fireplace market is divided into the Middle East, Africa, and Latin America. The rest of world market is expected to expand at a moderate rate over the course of the forecast period due to an increase in the number of homes and greater public awareness of the pollution that traditional fireplaces generate. Whereas, due to the hot heat and low usage of electric fireplaces in the Middle East and Africa, the market is anticipated to expand slowly.

Key Findings of the Study

• The global electric fireplace market is expected to reach USD 3.134 billion by 2032, at a CAGR of 3.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the growing worries about the safety and quality of the air, urbanization, and disposable incomes.


• Based on application, the residential segment was attributed to holding the largest market in 2022, with an approximate market share of 57%.


• GLEN DIMPLEX (Gerlingen, Germany), Empire Comfort Systems (Illinois, U.S.), Alaskan Fireplace Company (Wisconsin, U.S.), Giantex Inc. (Neuville-en-Ferrain, France), Twin Star Home (Florida, U.S.), NAPOLEON (Ontario, Canada), Touchstone Home Products, Inc. (Pennsylvania, U.S.), BFM Europe Ltd (Stoke-on-Trent, U.K.), Sierra Flames (New York, U.S.), and European Home (Massachusetts, U.S.).