United States Electric Fireplace Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Electric Fireplace Market Analysis
The United States electric fireplace market has generated a revenue of USD 1.078 billion in the current year. It is poised to achieve a CAGR of more than 5% for the forecast period.
- The United States exists as a major market for the launch of energy-efficient and carbon-reducing heating appliance products. In line with this, Electric fireplace acts as a substitute for coal and wood-based fireplace in the country. Alaska, North Dakota, Minnesota, Maine, Wisconsin, Vermont, and Michigan exist among the states in the United States, observing the coldest temperature per year and creating an expanding market for electric fireplaces. As the number of homes in the country is observing an increase in number, it is creating a demand for heating appliances by households with an increase in expenditure on heating appliances.
- The country is observing a continuous rise in urbanization rate of more than 85%, with rising expenditure on home appliances creating an emerging market for electric fireplace sellers. Demand for commercial space is emerging with an increase in the number of hotels and motels in the region and an increase in commercial office space, creating demand for different ranges of electric fireplaces.
- The number of housing units in the United States has observed a continuous increase over the years, existing at more than 140 Million units, of which the urban spaces in the countries exist with a major share of this increase. New York, Los Angeles, Chicago, Housten, and other populated cities of the United States are among the emerging markets for increasing electric heater sales, with a steep rise in the number of housing units.
- Post-COVID, revenue of smart appliances in the United States has observed a continuous increase. With smart features of sensors, voice assistance, Energy consumption data, and Bluetooth connectivity through smartphones, sales of electric space heaters are expected to observe a positive growth over the coming period.
United States Electric Fireplace Market Trends
Rising Demand From Residential Users
- The total population in the United States is observing a continuous rise over the years, creating demand for more residential and housing units. Rising units of households are creating rising opportunities for sales of Electric fireplaces in the country. Revenue for household appliances in the United States is observing a continuous increase with an annual growth rate of more than 3%, and the market size of heaters in household appliances exists with an annual growth rate of around 5%.
- Among the residential units, major opportunities for the sale of electric fireplaces exist in urban areas as they lack coal and firewood and have small living spaces, making electric fireplaces the most convenient option. New York, Los Angeles, Chicago, and Dallas have emerged as the leading metropolitan cities in the United States, with the largest population share and expenditure on home appliances. With these trends, residential segments are emerging as major demand-creating segments for electric fireplaces in the United States in comparison to commercial units.
Increasing Demand For Smart Appliances
- Smart appliances are the category of appliances that help to save costs for the user and provide more comfortable and efficient service. With technology innovations, Electric fireplaces are enabled with Wi-Fi features, making them accessible through mobile apps and can be integrated into smart homes; they can also be controlled using voice assistance devices of Google Home and Amazon Alexa.
- The revenue of smart appliances in the United States has observed a continuous increase over the years, with the major share of users existing among the employed generation of 25-44 years. It is creating opportunities for smart electric fireplace manufacturers to focus more on a significant section of the population to increase their revenue and market share.
- Dallas, Chicago, Illinois, Texas, and Washington are emerging as the cities in the United States with the fastest adoption rate of smart appliances and are expected to drive the growth of smart electric fireplaces over the coming period.
United States Electric Fireplace Industry Overview
The United States electric fireplace market is fragmented, with a large number of players entering the market to provide efficient and comfortable heating appliances. With technological innovations, firms are competing with each other to enable their electric fireplace with the best technology at an affordable price. Some of the existing market players in the United States electric fireplace market are Sierra Flames, Alaskan Fireplace Company, Touchstone Home Products, Empire Comfort System, and European Home.
United States Electric Fireplace Market Leaders
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Sierra Flames
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Alaskan Fireplace Company
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Touchstone Home Products
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Empire Comfort System
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European Home
*Disclaimer: Major Players sorted in no particular order
United States Electric Fireplace Market News
- June 2022: American Residential Service (ARS) made significant acquisitions by adding three companies to their portfolio: Absolute Air, Captain Electric, and OyBoy Heating. Absolute Air specializes in providing residential services in heating, air conditioning, electrical, and plumbing.
- October 2023: The renowned global home appliance manufacturer DERO introduced a groundbreaking product, the WH710S Wall-Mounted Smart Space Heater. This innovative heater boasts hyperemic heating technology and an array of Shield 360掳 safety features, ensuring efficient and quiet operation while prioritizing user safety and protection.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand from the Household Segment
4.2.2 Increase in Adoption Rate of Environment Friendly Heating Appliance
4.3 Market Restraints
4.3.1 Rising Price of Consumer Electronics Affecting the Sales
4.4 Market Opportunities
4.4.1 Demand for Specific Designs in Residential & Commercial Space
4.4.2 Increasing Demand for Smart Features in Electric Fireplace Raising Sales Opportunity
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in United States Electric Fireplace Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Electric Stove
5.1.2 Insert Electric Fireplace
5.1.3 Table Top Electric Fireplace
5.1.4 Wall Mounted Electric Fireplace
5.2 By Distribution Channel
5.2.1 Online
5.2.2 Offline
5.3 By End-User
5.3.1 Residential
5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profile
6.2.1 Sierra Flames
6.2.2 Alaskan Fireplace Company
6.2.3 Touchstone Home Products
6.2.4 Empire Comfort System
6.2.5 European Home
6.2.6 Bosch
6.2.7 Haier
6.2.8 LG
6.2.9 King Electric
6.2.10 Toshiba*
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
United States Electric Fireplace Industry Segmentation
An electric Fireplace is an electric heating appliance representing a real fireplace setting using flame effects through LED mirrors and a heat source. Their heat intensity can be adjusted using remote settings and are capable of providing sufficient warmth in a room space. Electric fireplace provides a more comfortable, safe, energy-efficient, and environment-friendly form of heating.
The United States electric fireplace market is segmented by type (electric stove, insert electric fireplace, table-top electric fireplace, and wall-mounted electric fireplace), by end-user (residential and commercial), and by distribution channel (online and offline).
The report offers market size and forecasts in value (USD) for all the above segments.
| By Type | |
| Electric Stove | |
| Insert Electric Fireplace | |
| Table Top Electric Fireplace | |
| Wall Mounted Electric Fireplace |
| By Distribution Channel | |
| Online | |
| Offline |
| By End-User | |
| Residential | |
| Commercial |
Frequently Asked Questions
What is the current United States Electric Fireplace Market size?
The United States Electric Fireplace Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in United States Electric Fireplace Market?
Sierra Flames, Alaskan Fireplace Company, Touchstone Home Products, Empire Comfort System and European Home are the major companies operating in the United States Electric Fireplace Market.
What years does this United States Electric Fireplace Market cover?
The report covers the United States Electric Fireplace Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Electric Fireplace Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Electric Fireplace Industry Report
Statistics for the 2024 United States Electric Fireplace market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. United States Electric Fireplace analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
