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Base Year
Historical Year
Forecast Year
The United States electric fireplace market reached a value of nearly USD 1.01 billion in 2023. The market is projected to grow at a CAGR of 4.8% during the forecast period of 2024-2032 to attain around USD 1.54 billion by 2032.
United States Electric Fireplace Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 1.01 |
Market Size 2032 | USD Billion | 1.54 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.8% |
CAGR 2024-2032 - Market by Region | Southeast | 4.7% |
CAGR 2024-2032 - Market by Region | New England | 4.4% |
CAGR 2024-2032 - Market by Product Type | Wall Mounted Electric Fireplace | 5.2% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 5.2% |
Market Share by Region | Plains | 6.6% |
An electric fireplace is a type of heater that looks like a fireplace burning coal, wood, or some other kind of fuel and is often placed in the space for conventional fireplaces. The rising energy demand in the United States is a major driver for the United States electric fireplace market expansion. Additionally, the electric power sector accounted for about 96% of total U.S. utility-scale electricity generation in 2023, further showcasing the market’s attractiveness. According to the U.S. Energy Information Administration (EIA), the country’s power consumption will rise to record highs of 4,099 billion kilowatt-hours in 2024 and 4,128 billion kilowatt-hours in 2025.
Another key driver aiding the United States electric fireplace market is the growing concern for the environment that calls for the adoption of cleaner sources of power generation, such as using greener fuels, which drives the sales of electric fireplaces. Electric fireplaces are more efficient than traditional fireplaces made with coal or wood as electric products do not pollute the environment and ensure the air within the house remains clean, which is another reason for the development of the electric fireplace market in the United States.
CAGR 2024-2032 - Market by | Region |
Southeast | 4.7% |
New England | 4.4% |
Mideast | 4.1% |
Plains | 3.8% |
Great Lakes | 3.6% |
Southwest | 4.9% |
Rocky Mountain | 5.1% |
Far West | 5.5% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, and historical and current market trends, and forecasts the dynamics of the United States electric fireplace market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States electric fireplace market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States electric fireplace market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States electric fireplace market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Type |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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