United States Electric Fireplace Market Size (2024 - 2029)

The United States electric fireplace market is experiencing significant growth, driven by the increasing demand for energy-efficient heating solutions as substitutes for traditional coal and wood fireplaces. This demand is particularly strong in states with colder climates, where the need for effective heating appliances is paramount. The market size is further expanded by rising urbanization and the growing number of housing units, which boost the need for heating solutions in both residential and commercial spaces. Additionally, the post-COVID surge in smart appliance revenue, characterized by advanced features such as sensors and Bluetooth connectivity, is contributing to the positive growth trajectory of the electric fireplace market in the United States.

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Market Size of United States Electric Fireplace Industry

United States Electric Fireplace Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.00 %
Market Concentration Medium

Major Players

United States Electric Fireplace Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Electric Fireplace Market Analysis

The United States electric fireplace market has generated a revenue of USD 1.078 billion in the current year. It is poised to achieve a CAGR of more than 5% for the forecast period.

  • The United States exists as a major market for the launch of energy-efficient and carbon-reducing heating appliance products. In line with this, Electric fireplace acts as a substitute for coal and wood-based fireplace in the country. Alaska, North Dakota, Minnesota, Maine, Wisconsin, Vermont, and Michigan exist among the states in the United States, observing the coldest temperature per year and creating an expanding market for electric fireplaces. As the number of homes in the country is observing an increase in number, it is creating a demand for heating appliances by households with an increase in expenditure on heating appliances.
  • The country is observing a continuous rise in urbanization rate of more than 85%, with rising expenditure on home appliances creating an emerging market for electric fireplace sellers. Demand for commercial space is emerging with an increase in the number of hotels and motels in the region and an increase in commercial office space, creating demand for different ranges of electric fireplaces.
  • The number of housing units in the United States has observed a continuous increase over the years, existing at more than 140 Million units, of which the urban spaces in the countries exist with a major share of this increase. New York, Los Angeles, Chicago, Housten, and other populated cities of the United States are among the emerging markets for increasing electric heater sales, with a steep rise in the number of housing units.
  • Post-COVID, revenue of smart appliances in the United States has observed a continuous increase. With smart features of sensors, voice assistance, Energy consumption data, and Bluetooth connectivity through smartphones, sales of electric space heaters are expected to observe a positive growth over the coming period.

United States Electric Fireplace Industry Segmentation

An electric Fireplace is an electric heating appliance representing a real fireplace setting using flame effects through LED mirrors and a heat source. Their heat intensity can be adjusted using remote settings and are capable of providing sufficient warmth in a room space. Electric fireplace provides a more comfortable, safe, energy-efficient, and environment-friendly form of heating. 

The United States electric fireplace market is segmented by type (electric stove, insert electric fireplace, table-top electric fireplace, and wall-mounted electric fireplace), by end-user (residential and commercial), and by distribution channel (online and offline).  

The report offers market size and forecasts in value (USD) for all the above segments.

By Type
Electric Stove
Insert Electric Fireplace
Table Top Electric Fireplace
Wall Mounted Electric Fireplace
By Distribution Channel
Online
Offline
By End-User
Residential
Commercial
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United States Electric Fireplace Market Size Summary

The United States electric fireplace market is experiencing significant growth, driven by the increasing demand for energy-efficient heating solutions. As a substitute for traditional coal and wood-based fireplaces, electric fireplaces are gaining popularity, particularly in states with colder climates such as Alaska, North Dakota, and Minnesota. The rise in urbanization and the growing number of households are contributing to the expanding market, with cities like New York, Los Angeles, and Chicago leading the charge. The post-COVID era has seen a surge in smart appliances, with electric fireplaces incorporating features like sensors, voice assistance, and smartphone connectivity, further boosting their appeal and market penetration.

The market is characterized by a fragmented landscape with numerous players vying for market share through technological innovations and competitive pricing. Companies such as Sierra Flames, Alaskan Fireplace Company, and Touchstone Home Products are prominent in this space. The introduction of smart electric fireplaces, which can be integrated into smart home systems and controlled via devices like Google Home and Amazon Alexa, is particularly appealing to the tech-savvy population aged 25-44. The ongoing adoption of smart appliances in cities like Dallas and Chicago is expected to drive further growth in the electric fireplace market, as consumers seek efficient and convenient heating solutions.

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United States Electric Fireplace Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand from the Household Segment

      2. 1.2.2 Increase in Adoption Rate of Environment Friendly Heating Appliance

    3. 1.3 Market Restraints

      1. 1.3.1 Rising Price of Consumer Electronics Affecting the Sales

    4. 1.4 Market Opportunities

      1. 1.4.1 Demand for Specific Designs in Residential & Commercial Space

      2. 1.4.2 Increasing Demand for Smart Features in Electric Fireplace Raising Sales Opportunity

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in United States Electric Fireplace Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Electric Stove

      2. 2.1.2 Insert Electric Fireplace

      3. 2.1.3 Table Top Electric Fireplace

      4. 2.1.4 Wall Mounted Electric Fireplace

    2. 2.2 By Distribution Channel

      1. 2.2.1 Online

      2. 2.2.2 Offline

    3. 2.3 By End-User

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

United States Electric Fireplace Market Size FAQs

The United States Electric Fireplace Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Sierra Flames, Alaskan Fireplace Company, Touchstone Home Products, Empire Comfort System and European Home are the major companies operating in the United States Electric Fireplace Market.

United States Electric Fireplace Market Report Snapshots

United States Electric Fireplace Market Size & Share Analysis - Growth, Trends & Forecast (2024-2029)