About Heating Stove
A stove is an enclosed space in which fuel is burned to heat. One of the most desirable features and benefits of the heating stove is the heat output it provides. Modern wood stoves and fireplace inserts are highly efficient. Models are available which distribute heat through existing ductwork in the home. Some wood burning appliances qualify as smokeless heat sources because of their low emissions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Heating Stove market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heating Stove Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Heating Stove market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ferroli (Italy), Beretta (Italy), Squirrel (United Kingdom), BOSCH (Germany), Immergas (Italy), Ariston Thermo Group (Italy), Viessmann (Germany), Vaillant Group (Germany) and Vanward (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Heating Stove market by Type (Wood burning stove, Gas heating stove, Electric heating stove, Pellet Stove and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Heating Stove has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Heating Stove market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Demand From Houses/Restaurants and Rise in Demand for Heating Stove Owing To Its Advantage Associated With It
Challenges:
Availability of Substitutes
Restraints:
High-Cost Associated With Heating Stove and Regulations for Environment Protection
Market Leaders and their expansionary development strategies
In July 2022, NIBE Stoves Canada Corp., a Swedish international heating technology company, completed the second tranche of its three step acquisition of 100% of the shares of Pacific Energy Fireplace Products Ltd., a manufacturer of wood stove and gas fireplace technology based on Vancouver Island, British Columbia. In this second tranche, NIBE Stoves acquired an additional 41% of the shares of Pacific Energy, bringing its total holdings to 51% and acquiring control of Pacific Energy.
In December 2022, This Navarre-based company is launching a new range of modern wood-burning stoves, the PARIS range, guaranteed to be eye-catching and the centre of attention. These unique stoves are available with either a log store base or as a wall-mounted unit, in two widths: 700 or 800 mm, and with a glass front and a 3-sided fire view (CLID).
Key Target Audience
Raw Material and Equipment Suppliers, Original Equipment Manufacturers (OEMs), Online Product Distributors, Installers and Maintenance Service Providers, Distributors and Retailers, Research Organisation, Component Integrator and Interior Designers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.