U.S. Electric Fireplace Market To Reach $3.11 Billion By 2033

U.S. Electric Fireplace Market Growth & Trends

The U.S. electric fireplace market is anticipated to reach USD 3.11 billion by 2033 and is anticipated to expand at a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. The rising trend of home renovations and remodeling plays a pivotal role in driving demand for electric fireplaces in the market. As homeowners aim to upgrade their living spaces, electric fireplaces offer a compelling combination of aesthetic enhancement and functional heating, eliminating the complexities associated with traditional fireplaces.

This growing preference is further reinforced by urbanization and evolving lifestyle choices, particularly in apartments and multi-family housing where space-saving, vent-free heating solutions are highly favored. Consequently, interior remodeling projects increasingly incorporate electric fireplaces as key design elements that enhance both visual appeal and comfort, aligning with contemporary home improvement trends.

Modern electric fireplaces are much more than just heating appliances these can be controlled via apps, voice commands, or automated settings, giving users effortless control and convenience. These fireplaces come with the combination of style, safety, and ease of installation, requiring minimal maintenance. The design made with practicality and aesthetic features is driving their growing popularity not only in homes but also across commercial spaces. Manufacturers are working on enhancing its features both in looks as well as performance, electric fireplaces are becoming an essential part of modern living, seamlessly offering comfort and ambiance in one stylish package.

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U.S. Electric Fireplace Market Report Highlights

• Wall mounted fireplace dominated the type segment with more than 42.0% share in 2024, owing to its space saving design.

• The free standing segment is expected to grow at the fastest CAGR over the forecast period.

• The one sided electric fireplace segment held the largest market share of 89.1% in 2024, and is expected to grow at the fastest CAGR over the forecast period.

• Rising disposable income and growing trend of home and workplace décor are one of the key drivers of the market.

• In February 2024, Glen Dimplex announced a strategic reorganisation of its operations across Ireland, involving a USD 53.8 million (€50 million) investment to consolidate manufacturing from five to three sites in the region. The initiative, focused on low-carbon heating and ventilation solutions, included workforce changes, with over 200 new roles expected by 2029 despite up to 300 net redundancies, and reinforced the company’s commitment to sustainable growth in Ireland.

U.S. Electric Fireplace Market Segmentation

Grand View Research has segmented the U.S. electric fireplace market on the basis of type, category, projection type, heating, application, end user and distribution channel:

U.S. Electric Fireplace Type Outlook (Revenue, USD Billion, 2021 - 2033)

• Wall Mounted

• Insert

• Free Standing

U.S. Electric Fireplace Category Outlook (Revenue, USD Billion, 2021 - 2033)

• One-sided

• Two-sided

U.S. Electric Fireplace Projection Type Outlook (Revenue, USD Billion, 2021 - 2033)

• LCD

• LED

U.S. Electric Fireplace Heating Outlook (Revenue, USD Million, 2021 - 2033)

• With heater

• Without heater

U.S. Electric Fireplace Application Outlook (Revenue, USD Million, 2021 - 2033)

• Indoor

• Outdoor

U.S. Electric Fireplace End User Outlook (Revenue, USD Million, 2021 - 2033)

• Residential

• Commercial

U.S. Electric Fireplace Distribution Channel Outlook (Revenue, USD Million, 2021 - 2033)

• Offline

• Online

List of Key Players in the Electric Fireplace Market

• Glen Dimplex Group

• Twin Star Home

• Napoleon (Wolf Steel LTD.)

• Hearth & Home Technologies, Inc.

• Empire Comfort Systems, Inc.

• Amantii Electric Fireplaces

• Flamerite Fires

• Touchstone Home Products, Inc.

• BFM Europe Ltd.

• Art Fireplace Technology Limited

• Innovative Hearth Products

• GHP Group Inc.