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Tuesday, January 17, 2023

Lucintel Forecasts Hearth Market to Reach $XX Billion by 2028

According to the recent study the hearth market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by rise in the need for aesthetically appealing fireplaces and increasing demand for the hearth system inside the hospitality sector.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in hearth market by fuel type (wood, electricity, pellet, and gas), product (fireplace, stove, and insert), design (traditional hearth and modern hearth), ignition type (electronic ignition and standard pilot ignition), material (brick, granite, marble, stone, stale, and quarry tiles), fireplace type (single-sided fireplaces and multi-sided fireplaces), placement (indoor, outdoor and portable), vent availability (vented hearth and unvented hearth), application (residential and non-residential) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link 

https://www.lucintel.com/hearth-market.aspx

“Electricity market is expected to remain the largest segment during the forecast period.”

Based on fuel type, the hearth market is segmented into wood, electricity, pellet, and gas. Lucintel forecasts that the electricity market is expected to remain the largest segment due to electric hearths are more effective and requires less installation and maintenance. Additionally, it offers benefits that include efficient space heating along with low emissions and environmentally friendly in nature.

“Within the hearth market, the residential segment is expected to remain the largest application.”

Based on application the residential segment is expected to witness the highest growth over the forecast period due to the visual appeal of a property is increased with the addition of a modern fireplace such as an electric fireplace.

“North America will dominate the hearth market in near future.”

North America will remain the fastest growing region due to the presence of major key companies which are growing their production and distribution across the region.

Download Brochure of this report by clicking on https://www.lucintel.com/hearth-market.aspx.

Major players of hearth market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Hearth Products Control Co., Hearthstones Stove, HNI Corporation, Innovative Hearth Products, Jotul AS, Nordpeis, Pacific Energy, Rasmussen Gas Logs and Grills, RH Peterson Co., Stellar Hearth Product are among the major hearth providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/hearth-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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