An electric fireplace is an electric heater that simulates the appearance of a real wood, coal or natural gas fireplace. They plug into a wall socket and can operate with or without heating. When users do not want to heat the space but want the atmosphere of fire, flame settings can be used to add atmosphere to the room. Compared with other types of fireplaces, electric fireplaces have many advantages. For example, cost saving, portability and multi-function.
North East America was the largest revenue market. GlenDimplex is one of the major players operating in the Electric Fireplace market, holding a share of 13.15% in 2021. Dimplex is a subsidiary of Glen Dimplex Heating & Ventilation (GDHV), a division of the Glen Dimplex Group, the world\'s largest electrical heating business. GlenDimplex sells electric fireplaces.
Limitations Market of Electric Fireplace
In the American electric fireplace market, the cost of electric fireplaces is relatively high. Regardless of the raw materials or other production costs, the price is much higher than that of a traditional fireplace. If in the future, the cost of electric fireplaces is still very high, the development of the electric fireplace market may be restricted. The Electric Fireplace market is becoming more and more competitive owing to the presence of major players and regional players.
Drivers Market of Electric Fireplace
Compared with traditional fireplaces, electric fireplaces have many advantages. They do not need to burn real wood and fuel, are very safe, and have low maintenance costs. In addition, electric fireplaces are environmentally friendly, pollution-free, portable and economical. Therefore, the utilization rate of electric fireplaces in the market is getting higher and higher, and the electric fireplace market is expected to grow at a healthy rate in the future. Compared with traditional fireplaces, electric fireplaces have many advantages. They do not need to burn real wood and fuel, are very safe, and have low maintenance costs. In addition, electric fireplaces are environmentally friendly, pollution-free, portable and economical. Therefore, the utilization rate of electric fireplaces in the market is getting higher and higher, and the electric fireplace market is expected to grow at a healthy rate in the future.
Drivers |
Advantage |
The industry is constantly innovating |
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Limitations |
The cost of electric fireplaces is higher |
Fierce Market Competition |
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Opportunities |
The enhancement of the world\'s environmental protection concept |
Product innovation |
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