PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665226
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665226
Electric Fireplace Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Electric Fireplace Market reached USD 2.8 billion in 2024 and is projected to grow at a CAGR of 4.7% between 2025 and 2034. Electric fireplaces are becoming increasingly popular for their ease of installation and low maintenance requirements, making them a preferred choice for both homeowners and renters.
Among the various product types, wall-mounted electric fireplaces dominated the market in 2024, generating USD 1 billion. These sleek and modern fireplaces, with their space-saving designs, have become a favorite for urban homes with limited space. Their simple installation process, requiring minimal construction or renovation, makes them highly appealing to renters and homeowners alike. The demand for wall-mounted electric fireplaces is expected to grow at a CAGR of 4.9% over the forecast period, driven by their contemporary aesthetics and functionality.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $2.8 Billion |
| Forecast Value | $4.45 Billion |
| CAGR | 4.7% |
In terms of installation type, the market is divided into plug-in electric fireplaces and direct-wired electric fireplaces. The plug-in electric fireplaces segment captured 60.63% of the market share in 2024 and is anticipated to grow at a CAGR of 4.6% from 2025 to 2034. This growth is fueled by the unmatched convenience and accessibility of plug-in units. Requiring only a standard electrical outlet, these fireplaces are ideal for a wide range of consumers, including renters and those in temporary living situations. Their portability, flexibility, and affordable price points make them an excellent choice for individuals seeking hassle-free and cost-effective heating solutions.
The U.S. electric fireplace market stood at USD 870 million in 2024, reflecting strong consumer demand for energy-efficient, low-maintenance, and eco-friendly heating options. With the rising popularity of smart home technology, American consumers are increasingly drawn to electric fireplaces with advanced features such as remote controls and voice assistant compatibility. This trend highlights the growing desire for innovative and user-friendly heating solutions.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 3600 synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
- 3.2 Impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Eco-friendly and energy-efficient solutions
- 3.2.1.2 Customization and aesthetic appeal
- 3.2.1.3 Urbanization and compact living spaces
- 3.2.1.4 Ease of installation and maintenance
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Limited heating capacity and dependence on electricity
- 3.2.2.2 Competition from alternative heating solutions
- 3.2.1 Growth drivers
- 3.3 Technology & innovation landscape
- 3.4 Consumer buying behavior analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
- 3.5 Growth potential analysis
- 3.6 Regulatory landscape
- 3.7 Pricing analysis
- 3.8 Porter’s analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021 – 2034, (USD Billion)
- 5.1 Key trends
- 5.2 Wall-mounted electric fireplaces
- 5.3 Freestanding electric fireplaces
- 5.4 Built-in electric fireplaces
- 5.5 Corner electric fireplaces
Chapter 6 Market Estimates & Forecast, By Installation Type, 2021 – 2034, (USD Billion)
- 6.1 Key trends
- 6.2 Plug-in electric fireplaces
- 6.3 Direct-wired electric fireplaces
Chapter 7 Market Estimates & Forecast, By Heating Capacity, 2021 – 2034, (USD Billion)
- 7.1 Key trends
- 7.2 Up to 1.5 kW
- 7.3 1.5 kW to 2.5 kW
- 7.4 Above 2.5 kW
Chapter 8 Market Estimates & Forecast, By Style, 2021 – 2034, (USD Billion)
- 8.1 Key trends
- 8.2 Traditional
- 8.3 Modern
Chapter 9 Market Estimates & Forecast, By Application, 2021 – 2034, (USD Billion)
- 9.1 Key trends
- 9.2 Residential
- 9.3 Commercial
- 9.3.1 Offices
- 9.3.2 Restaurants and cafes
- 9.3.3 Hotels and hospitality
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021 – 2034, (USD Billion)
- 10.1 Key trends
- 10.2 Online
- 10.2.1 E-commerce platforms
- 10.2.2 Company websites
- 10.3 Offline
- 10.3.1 Specialty stores
- 10.3.2 Home improvement stores
Chapter 11 Market Estimates & Forecast, By Region, 2021 – 2034, (USD Billion)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
- 11.4.6 Malaysia
- 11.4.7 Indonesia
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.6 MEA
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 South Africa
Chapter 12 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
- 12.1 Amantii Electric Fireplaces
- 12.2 BFM Europe Ltd
- 12.3 Dimplex North America
- 12.4 Duraflame, Inc.
- 12.5 European Home
- 12.6 GHP Group Inc.
- 12.7 Heatilator
- 12.8 Jetmaster
- 12.9 Modern Flames
- 12.10 Montigo
- 12.11 Napoleon Fireplaces
- 12.12 OER Fireplace
- 12.13 Real Flame
- 12.14 Sierra Flames
- 12.15 Touchstone Home Products, Inc
