Hearth Market with COVID-19 Impact Analysis by Fuel Type (Wood, Electricity, Gas, Pellet) Global For

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MarketsandMarkets Presents
Hearth Market with COVID-19 Impact Analysis by
Fuel Type (Wood, Electricity, Gas, Pellet),
Product (Fireplace, Insert, Stove), Placement,
Design, Application, Fireplace Type, Vent
Availability, Ignition Type, Material, and Region
- Global Forecast to 2025 The global hearth
market is estimated to be USD 7.7 billion in 2020
and projected to reach USD 9.7 billion by 2025
at a CAGR of 4.7. 
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MarketsandMarkets Presents
The fireplace segment to hold the largest market
share in 2025 The fireplace segment of the hearth
market, by product is estimated to hold the
largest market share in 2025. Fireplaces are
among the oldest forms of hearth appliances used
in many North American and European houses.
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rkets.com/pdfdownloadNew.asp?id37538589 Historic
ally, fireplaces were used for cooking, heating
water for laundry, and other domestic purposes.
Modern fireplaces are adopted at a high rate
because of their low emission rate, better fuel
efficiency, and attractive features. This is
expected to drive the market growth of fireplaces
in coming years.
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MarketsandMarkets Presents
The pellet segment to register higher CAGR during
the forecast period The pellet segment of the
hearth market, by fuel type, is projected to
register the highest CAGR during the forecast
period. Pellet-based hearths produce less air
pollution and have low heating costs. Some of the
other benefits offered by pellet-based hearth
include adjustable heating through the use of
thermostats, fuel flexibility, ease of operation,
and tax credit and related benefits on purchase
of pellet stoves, fireplaces, and inserts. These
factors together are expected to boost the demand
for pellet-based hearth products.
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MarketsandMarkets Presents
North America is projected to hold the largest
share of the hearth market in 2025 North America
is expected to hold the largest share of the
hearth market in 2025. The US is the largest
consumer within the North American market,
followed by Canada. The colder climates and
technological advancements in these countries
have enabled them to lead the hearth market.
The adoption of advanced technologies is growing
rapidly in the US market due to climatic
conditions. The large market size for hearths in
the US can be attributed to the high adoption of
electric and gas fireplaces along with the rapid
adoption of alternative fuel-based hearths, e.g.,
pellet-based hearths. The rapid growth of the
market size of hearths in Canada is mainly due to
the increasing demand for contemporary style
hearth designs among consumers. These
developments together are expected to drive the
market growth of hearth market in North America.
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MarketsandMarkets Presents
HNI Corporation (US), Travis Industries (Canada),
Napoleon Fireplaces (Canada), Hearth Product
Controls Company (HPC), Montigo (Canada),
Innovative Hearth Products (IHP) (US), Empire
Comfort Systems (US), GHP Group, Inc. (US),
Hearthstone Quality Home Heating Products, Inc.
(US), Stove Builder International (SBI) (Canada),
Glen Dimplex (Ireland), and RH Peterson (US) are
the key players in the global hearth market. 
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MarketsandMarkets Presents
Excavators are expected to hold the largest size
of the machine control system market by
2025 Excavators usually have a control system
mounted on them to enhance flexibility, accuracy,
and efficiency at the construction site.
Companies such as Trimble Inc. (US) and Hexagon
(Switzerland) offer excavators installed with 2D
and 3D control systems or grade control systems.
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arkets.com/pdfdownloadNew.asp?id62579001 Advance
d 3D guidance systems equipped with GNSS
technology guide operators with design
information and real-time cut/fill indications
are displayed on the control panel
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