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Electric Fireplace Market Share

Report ID: GMI12706
Published Date: Dec 2024
Report Format: PDF

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Electric Fireplace Market Share

The market, with prominent players, such as Modern Flames, Sierra Flames, Montigo and GHP Group Inc holds a market share of ~10%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Electric Fireplace Market Companies

Major players operating in the electric fireplace industry include:

Amantii Electric Fireplaces
BFM Europe Ltd
Dimplex North America
Duraflame, Inc.
European Home
GHP Group Inc.
Heatilator
Jetmaster
Modern Flames
Montigo
Napoleon Fireplaces
OER Fireplace
Real Flame
Sierra Flames
Touchstone Home Products, Inc

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global electric fireplace industry was valued at USD 2.8 billion in 2024 and is projected to grow at a CAGR of over 4.7% from 2025 to 2034, driven by increasing demand for easy-to-install and low-maintenance heating solutions.

The wall-mounted electric fireplace segment dominated the market with a valuation of USD 1 billion in 2024 and is expected to grow at a CAGR of 4.9% from 2025 to 2034, owing to their modern design and space-saving features, which cater to urban living spaces.

The U.S. electric fireplace market was valued at USD 870 million in 2024, driven by strong consumer preference for energy-efficient, low-maintenance, and environmentally friendly heating solutions.

Key players in the market include Amantii Electric Fireplaces, BFM Europe Ltd, Dimplex North America, Duraflame, Inc., European Home, GHP Group Inc., Heatilator, Jetmaster, Modern Flames, Montigo, Napoleon Fireplaces, and OER Fireplace.