Industry Background:
Smart Gas Fireplace is the real-flame fire in the living area that can be controlled via remote control or virtual assistant. It can control turn fireplace, increase or decrease flame, set and change temperature, pre-set burn timer, and turn the interior light on or off, this is some of the features which help to boost the global market growth of the Smart Gas Fireplace
According to AMA Research, the market for Smart Gas Fireplace is expected to register a CAGR of 3.7% during the forecast period to 2030. This growth is primarily driven by Increasing Demand and Adoption of Emerging Technologies
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Household Appliances sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Travis Industries, Inc (United States), ENERGY HOUSE (United States), Valor Fireplaces (Canada), Heatilator (United States), LanChester Grill & Hearth (United States), Kozy Heat (United States), Woodbridge Fireplace Inc. (Canada), Napoleon (Canada), Acucraft Fireplaces (United States) and Heat & Glo (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 17th December 2021, Hearth & Home Technologies announced the acquisition of Outdoor GreatRoom Company. Hearth & Home Technologies provides the core design element as customers appreciate the benefits of moving outside of the four walls of their home to relax and entertain. The Outdoor GreatRoom Company put Hearth & Home Technologies in a leadership position in important growth segments
On 2nd September 2020, Heat & Glo introduced the new advanced technology IntelliFire. Google Assistant and Amazon Alexa voice command features are available and the IntelliFire app can control and monitor the fireplaceThe global smart gas fireplace market is fragmented due to digital technology advancement that increases the demand for smart gas fireplace. So the players are focusing on investing more in launching products. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market. Many of the new companies are focusing on realistic fire features and maintaining their competitive edge.
Influencing Trend:
Technological Advancement Smart Gas Fireplace and Increased Cost-Effectiveness of Fireplaces into Smart Gas Fireplace
Market Growth Drivers:
Increasing Demand and Adoption of Emerging Technologies and People’s Awareness of Various features of Smart Gas Fireplace like Ceramic Radiant Heating Technology, Multi-Speed Blowers, and Programmable Heat Controls
Challenges:
Concerns with the Low Gas Fire Performance
Restraints:
High Cost Associated with Smart Gas Fireplace and Lack of Regulatory Guidelines
Opportunities:
Increasing Demand in the Cold Weather Countries and Concerns related to the use of Harmful Chemicals
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Smart Gas Fireplace Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Smart Gas Fireplace Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Smart Gas Fireplace players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Gas Fireplace Study Sheds Light on
The Smart Gas Fireplace Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Gas Fireplace industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Gas Fireplace industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.