Sarasota, FL -- (SBWIRE) -- 12/25/2018 -- Global Hearth Market: Overview

The hearth is a stone or brick-lined fireplace which is used for heating purpose. It is used for cooking purpose as well as for managing the room temperature in cool places. Usually, in North America and Europe hearth is an integral part of a house. Along with the aforementioned benefits hearth also improves the interiors of the house giving it an esthetical appeal.

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Global Hearth Market: Growth Factors

The major factors driving the growth of the hearth market are the increasing demand for the home décor products and the cold climatic conditions in certain regions. The growing disposable income has increased the interest of the consumers towards esthetical products for home decoration. Increasing developments in the hearth technologies and the use of the fuels that are smoke-free are driving the growth of the hearth market.

The demand for the electric hearths is expected to grow in the coming years owing to its benefits such as fewer emissions and proficient space heating. Electric hearths are more economical and require less maintenance and installation costs thus increasing its demand.

Global Hearth Market: Segmentation

The global hearth market can be segmented into the fuel type, product, design, placement, application, and technology. In terms of fuel type, the market can be categorized into pellet, gas, wood, and electricity. Based on the product, the market is segregated into the fireplace, insert, and stove. On the basis of design, the hearth market is bifurcated into the modern and traditional hearth. In terms of placement, the market is divided into the portable, outdoor, and indoor hearth. According to the technology, the market is categorized into direct vent technology, zone heating technology, intermittent pilot ignition system, smart home integration, and others. On the basis of application, the market is fragmented into commercial, institutional, residential, and hospitality.

Global Hearth Market: Regional Analysis

It is anticipated that the major shares of the hearth market are held by North America owing to the growing presence of the market players in the region. In North America, the U.S. and Canada are the major contributors to the hearth market. The other factors that are driving the growth of the market in this region are the cold climate and the increasing interest among the people towards products related to home decoration.

It is expected that the hearth market will grow at a rapid growth rate in Europe in the coming years. Increasing adoption of the hearth products in the home décor to manage with the cold climatic conditions drives the growth of the market. The increasing use of the hearth products by the interior designers to improve the aesthetic appeal also increases its demand.

Global Hearth Market: Competitive Players

Some of the most important market players in the hearth market include Innovative Hearth Products LLC, FPI Fireplace Products International Ltd., Empire Comfort Systems, Inc., Hearthstone Stoves, Pacific Energy, HNI Corporation, Travis Industries Inc., Napoleon Products, Hearth Products Controls Co., and Montigo, among others.

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Global Hearth Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa