Lucintel's latest market report analyzed that hearth provides attractive opportunities in the residential and non-residential market. The hearth market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, electricity is the largest segment by fuel type, whereas residential is largest by application.

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Based on fuel type, the hearth market is segmented into wood, electricity, pellet, and gas. The electricity segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.

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The Hearth Market is marked by the presence of several big and small players. Some of the prominent players offering hearth include 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.

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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 helpdesk@lucintel.com.

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