Transparency Market Research delivers key insights on the global gas and solid fuels (wood) fireplaces market. In terms of revenue, the global gas and solid fuels (wood) fireplaces market is estimated to expand at a CAGR of 5.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global gas and solid fuels (wood) fireplaces market.
The global gas and solid fuels (wood) fireplaces market is affected by several factors, including increasing cold climatic conditions and rising popularity among architects across the globe, which is expected to drive the market during the forecast period.
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Gas and Solid Fuels (Wood) Fireplaces Market: Dynamics
Regular gas fireplaces have the advantage of easy installation and maintenance compared to other solid fuel systems. Gas fireplaces require very little installation work compared to other solid fuel systems that may involve some construction work. Central gas fireplaces can be installed almost anywhere in the home. In addition, gas fireplaces are known to be less harmful to the environment, producing less air than conventional solid fuel and benefiting from non-creosote-free issues, which makes it desirable for consumers to adopt the product.
For gas fireplaces, consumers are finding natural gas as an alternative fuel which is cheap and comparatively less hazardous. Also manufacturers are able to offer products which are almost 84% more efficient than previous products available in the market. More than 11 million households in the U.K. still have a chimney and gas, representing a large market for refurbishment and replacement; but technological advances have also opened up the market to homes without chimneys.
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Wood fires, along with coal fires, are estimated to cause about 40% of the damage with the small particles outside and create toxic air inside the home. More than one-third of local authorities in the U.K. have areas where the PM2.5 level exceeds the limits of the World Health Organization. The U.S. Department of Energy (DOE) for years has been considering regulating wood and gas-fired fireplaces. The Government intends to ban the sale of fossil fuels to combat air pollution caused by the growing popularity of fossil fuels. The U.S. Environmental Protection Agency proposed to end the sale of coal and to use sulfur scales, as well as smoke extraction limits, in the sale of all solid fuels. Ministries are also considering stricter laws to prevent the burning of wet wood in people’s homes, which are less potent than dry wood but produce more smoke.
Gas and Solid Fuels (Wood) Fireplaces Market: Prominent Regions
Globally, North America held the largest share of the gas and solid fuels (wood) fireplaces market in the year 2020. This is mainly due the presence of prominent players in the region and the large number of households opting for space heating products in the region. Increasing dependency of the non-urbanized sector on gas and solid fuel fireplaces have impacted the overall growth rate of the market. Similarly, Europe is also seen to be a popular region for the growth of the gas and solid fuels fireplaces market owing to presence of a strong hearth industry having traditional as well as modern design. Development of multipurpose fireplaces is also likely to gain attention among users in the Asia Pacific region.
In North America, around half of the household population especially in the U.S., and Canada are opting for fireplaces due to their climatic and weather conditions. Gas and solid fuels fireplaces are chosen by users for several purposes such as drying clothes, heating water, cooking, and other domestic purposes. This is expected to drive the market growth of fireplaces in the coming years. In the U.S., about 2/3rd of households are opting for fireplaces and Canada is depending on different space heating products due to vast cold belts covering the land and climatic conditions which are likely to promote the sales of gas and solid fuels (wood) fireplaces.
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In the European region, demand for gas and solid fuels (wood) fireplaces is on the rise due to cold weather conditions. One way of beautifying the premises of residential and commercial interiors is by installing different styles of fireplaces with innovative designs which is likely to promote the gas and solid fuels (wood) fireplaces market in the coming years. Key countries such as the UK, Germany, France, Russia, and Italy are commonly opting for these type of fireplaces in order to improve overall comfort of their residential premises.
The Asia Pacific region is witnessing high demand for multipurpose fireplaces, with increasing preference for modern technologies with eco-friendly features, releasing minimal smoke or pollution. Additionally, countries such as China, South Korea, Japan, and India, are opting for fireplaces in seasonal climatic conditions. Increasing dependency of consumers on these heating products in snow or cold belt areas is likely to drive demand for the gas and solid fuels (wood) fireplaces.
Gas and Solid Fuels (Wood) Fireplaces Market: Key Players
Key players operating in the global gas and solid fuels (wood) fireplaces market are Glen Dimplex Group, Empire Comfort Systems Inc., Travis Industries, Inc., HNI Corporation, NAPOLEAN, Innovative Hearth Products, FPI Fireplace Products International Ltd., BFM Europe Limited, Stovax Gazco, and Ortal Heat.
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