Market Overview:
The global electrical heating stoves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient heating solutions, rising awareness about the benefits of electrical heating stoves, and growing adoption of these stoves in residential, commercial, and industrial applications. The global electrical heating stove market can be segmented on the basis of type into built-in stoves and free-standing stoves. The free-standing stove segment is expected to account for a larger share of the global market than the built-in stove segment during the forecast period. This can be attributed to their growing popularity among consumers due to their flexibility in terms of installation and design options. On the basis of application,the global electrical heating stove market can be divided into residential use, commercial use, and industrial use.
Product Definition:
An electrical heating stove is a type of heater that uses electricity to heat up a resistor, which then emits heat. This type of stove is often used as an alternative to traditional wood-burning stoves, as it does not produce any fumes or smoke.
Built-in Stoves:
The global built-in stoves industry is expected to witness significant growth over the forecast period. The market is driven by factors such as increasing demand for energy-efficient solutions, rising awareness of modern interior designs and technological advancements in electrical heating stove manufacturing.
Free-Standing Stoves:
Free-standing stoves are also known as standalone stoves. They are a type of portable stove that is used for cooking and other related purposes in residential and commercial applications. Free-standing stoves can be used with an open fire, in an electric mode, or with the help of a gas connection. These products have different types of fuel sources such as LPG, white gas, petrol & diesel among others which makes them suitable for use across various regions globally.
Application Insights:
The commercial use segment dominated the global electrical heating stove market in 2017, accounting for over 60.0% share of the total revenue. The residential use is expected to be the fastest-growing segment, expanding at a CAGR of XX% from 2018 to 2030 owing to increasing adoption due to cost-effectiveness and energy efficiency coupled with rising environmental concerns regarding greenhouse gas emissions and pollution levels in China and India are expected drive demand over the forecast period.
Electrical cooking equipment has been proven as an efficient substitute for open fireplaces or stoves that burn fossil fuels, which were previously used widely across households as they provided heat quickly without consuming much fuel or generating much smoke or odor. As a result, governments around the world have passed regulations encouraging its installation within new constructions and old buildings renovation projects including hospitals, schools etc., thereby driving growth in commercial application areas such as restaurants/ hotels/hostels etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of households. This trend is projected to continue over the coming years, thereby driving product demand. In addition, rising disposable income levels are anticipated to fuel market growth during the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high acceptance of advanced technologies and growing awareness regarding various benefits associated with electrical heating stoves such as low emission and eco-friendly characteristics among others.
The Middle East & Africa held a considerable share due to increasing adoption by commercial institutions such as hotels.
Growth Factors:
- Increasing demand for electrical heating stoves from the residential sector as a result of growing awareness about their benefits over traditional heating methods.
- Rising popularity of electric vehicles, which will lead to an increase in the demand for electrical heating stoves as they can be used to heat these vehicles.
- The increasing trend of home automation and smart homes, which is making electrical heating stoves more popular as they can be integrated into these systems easily.
- Growing demand for energy-efficient appliances, especially in developed countries, due to rising electricity costs and concerns about climate change; this is expected to boost the sales of electrical heating stoves in the coming years.
- Technological advancements that are making electrical heating stoves more efficient and affordable, thereby widening their appeal among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Heating Stoves Market Research Report
By Type
Built-in Stoves, Free-Standing Stoves
By Application
Residential Use, Commercial Use, Industrial Use
By Companies
Broseley Fires, Chesney, Faber, GLEN DIMPLEX, SEI, Buck Stove, Twin-Star International, Holly & Martin, Napoleon, Kent Fireplace, Adam, Jetmaster, Fuerjia, Rui Dressing Technology, Allen, BTB, Boge Technology, RICHEN, Saintec, Hubei Ruolin, Paite, Andong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Heating Stoves Market Report Segments:
The global Electrical Heating Stoves market is segmented on the basis of:
Types
Built-in Stoves, Free-Standing Stoves
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Broseley Fires
- Chesney
- Faber
- GLEN DIMPLEX
- SEI
- Buck Stove
- Twin-Star International
- Holly & Martin
- Napoleon
- Kent Fireplace
- Adam
- Jetmaster
- Fuerjia
- Rui Dressing Technology
- Allen
- BTB
- Boge Technology
- RICHEN
- Saintec
- Hubei Ruolin
- Paite
- Andong
Highlights of The Electrical Heating Stoves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Built-in Stoves
- Free-Standing Stoves
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Heating Stoves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrical heating stove is a type of stove that uses electricity to heat the air or water.
Some of the major companies in the electrical heating stoves market are Broseley Fires, Chesney, Faber, GLEN DIMPLEX, SEI, Buck Stove, Twin-Star International, Holly & Martin, Napoleon, Kent Fireplace, Adam, Jetmaster, Fuerjia, Rui Dressing Technology, Allen, BTB, Boge Technology, RICHEN, Saintec, Hubei Ruolin, Paite, Andong.
The electrical heating stoves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Heating Stoves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Heating Stoves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Heating Stoves Market - Supply Chain
4.5. Global Electrical Heating Stoves Market Forecast
4.5.1. Electrical Heating Stoves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Heating Stoves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Heating Stoves Market Absolute $ Opportunity
5. Global Electrical Heating Stoves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Heating Stoves Market Size and Volume Forecast by Type
5.3.1. Built-in Stoves
5.3.2. Free-Standing Stoves
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Heating Stoves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Heating Stoves Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.3.3. Industrial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Heating Stoves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Heating Stoves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Heating Stoves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Heating Stoves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Heating Stoves Demand Share Forecast, 2019-2026
9. North America Electrical Heating Stoves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Heating Stoves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Heating Stoves Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.4.3. Industrial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Heating Stoves Market Size and Volume Forecast by Type
9.7.1. Built-in Stoves
9.7.2. Free-Standing Stoves
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Heating Stoves Demand Share Forecast, 2019-2026
10. Latin America Electrical Heating Stoves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Heating Stoves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Heating Stoves Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.4.3. Industrial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Heating Stoves Market Size and Volume Forecast by Type
10.7.1. Built-in Stoves
10.7.2. Free-Standing Stoves
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Heating Stoves Demand Share Forecast, 2019-2026
11. Europe Electrical Heating Stoves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Heating Stoves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Heating Stoves Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.4.3. Industrial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Heating Stoves Market Size and Volume Forecast by Type
11.7.1. Built-in Stoves
11.7.2. Free-Standing Stoves
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Heating Stoves Demand Share, 2019-2026
12. Asia Pacific Electrical Heating Stoves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Heating Stoves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Heating Stoves Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.4.3. Industrial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Heating Stoves Market Size and Volume Forecast by Type
12.7.1. Built-in Stoves
12.7.2. Free-Standing Stoves
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Heating Stoves Demand Share, 2019-2026
13. Middle East & Africa Electrical Heating Stoves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Heating Stoves Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Heating Stoves Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.4.3. Industrial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Heating Stoves Market Size and Volume Forecast by Type
13.7.1. Built-in Stoves
13.7.2. Free-Standing Stoves
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Heating Stoves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Heating Stoves Market: Market Share Analysis
14.2. Electrical Heating Stoves Distributors and Customers
14.3. Electrical Heating Stoves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Broseley Fires
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chesney
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Faber
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GLEN DIMPLEX
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SEI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Buck Stove
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Twin-Star International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Holly & Martin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Napoleon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kent Fireplace
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Adam
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jetmaster
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fuerjia
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rui Dressing Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Allen
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. BTB
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Boge Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. RICHEN
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Saintec
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hubei Ruolin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
