QY Research has recently published a report based on electronics and semiconductors industry. The key objective of this report is to highlight various trends and dynamics, new and innovative technology and mergers and acquisitions that are expected to make a positive impact on the overall industry. QY Research has provided the comprehensive evaluation of electronics and semiconductors industry and has shared in-depth information about its various features.
City of Industry, CA -- (SBWIRE) -- 09/24/2018 -- Electric Fireplaces is a kind of heating apparatuses used in home and hotel, especially when cold winter. It can support enough heat and you don't worry about fire, it is much safer than the wooden fireplaces.
Electric fireplaces work by using metal coils that are heated via electricity. Electric fireplaces are also constructed with an air blower near the coils. As a charge runs through the metal coils, they heat up from the current and a blower inside the fireplaces sends the warm air out.
Electric fireplaces are also efficient. They do not waste heat as over 99 percent of the warmth is sent out by the blowers. Due to the efficient distribution of heat, electric fireplaces are also safe to touch.
In terms of installation, electric fireplaces are exceptionally cheaper than real fireplaces. Real fireplaces require installation of chimneys, wall mounting and restructuring of the house. Electric fireplaces can stand alone and by themselves with little time spent putting them in place. Electric fireplaces can also have designs which simulate the look and feel of a real fireplace.
Market competition is fierce. GLEN DIMPLEX has a big share with 30.73 market share of total market followed by Twin-Star (17%). Other companies are in small scale. In addition, Rui Dressing and Fuerjia not only have their own brands but also provide OEM service for the foreign famous brands.
Briefly speaking, in the next few years, electric fireplaces industry will still be a highly energetic industry. Although sales of electric fireplaces brought a lot of opportunities, we recommend that the new entrants who just have money but without technical advantage and downstream support, do not to enter into the electric fireplaces field hastily.
The Electric Fireplaces market was valued at 2050 Million US$ in 2017 and is projected to reach 3300 Million US$ by 2025, at a CAGR of 6.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Electric Fireplaces.
This study focuses on the production side and consumption side of Electric Fireplaces, presents the global Electric Fireplaces market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Electric Fireplaces capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Electric Fireplaces by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Electric Fireplaces is a kind of heating apparatuses used in home and hotel, especially when cold winter. It can support enough heat and you don't worry about fire, it is much safer than the wooden fireplaces.
This report includes the following manufacturers; we can also add the other companies as you want.
GLEN DIMPLEX
Twin-Star
Fuerjia
BTB
Allen
Napoleon
Rui Dressing
RICHEN
Saintec
Adam
Hubei Ruolin
Ritian Industry
Andong
SEI
GHP Group Inc
Jetmaster
Kent Fireplace
Buck Stove
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Market Segment by Product Type
Freestanding Electric Fireplaces
Wall Electric Fireplace
Corner Electric Fireplace
Market Segment by Application
Home
Hotel
Other
Market size split by Region
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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