| Product Code: ETC7520736 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Iceland electric fireplace market witnessed a notable increase in imports from 2020 to 2024. The Compound Annual Growth Rate (CAGR) of 19.70% during this period, along with a year-on-year growth rate of 28.17% in 2023-2024, contributed to the overall rise in imported electric fireplaces during these years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Electric Fireplace Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Electric Fireplace Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Electric Fireplace Market - Industry Life Cycle |
3.4 Iceland Electric Fireplace Market - Porter's Five Forces |
3.5 Iceland Electric Fireplace Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Iceland Electric Fireplace Market Revenues & Volume Share, By Size, 2022 & 2032F |
3.7 Iceland Electric Fireplace Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Iceland Electric Fireplace Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer interest in energy-efficient heating solutions |
4.2.2 Growing trend towards home renovation and interior decoration |
4.2.3 Government initiatives promoting the use of electric fireplaces as a sustainable heating option |
4.3 Market Restraints |
4.3.1 High initial cost of electric fireplaces compared to traditional heating options |
4.3.2 Limited awareness and availability of electric fireplace products in the market |
5 Iceland Electric Fireplace Market Trends |
6 Iceland Electric Fireplace Market, By Types |
6.1 Iceland Electric Fireplace Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Electric Fireplace Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Iceland Electric Fireplace Market Revenues & Volume, By Electric Stove, 2022-2032F |
6.1.4 Iceland Electric Fireplace Market Revenues & Volume, By Insert Electric Fireplace, 2022-2032F |
6.1.5 Iceland Electric Fireplace Market Revenues & Volume, By Tabletop Electric Fireplace, 2022-2032F |
6.1.6 Iceland Electric Fireplace Market Revenues & Volume, By Wall-mounted Electric Fireplace, 2022-2032F |
6.1.7 Iceland Electric Fireplace Market Revenues & Volume, By Freestanding Electric Fireplace, 2022-2032F |
6.2 Iceland Electric Fireplace Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Iceland Electric Fireplace Market Revenues & Volume, By Small, 2022-2032F |
6.2.3 Iceland Electric Fireplace Market Revenues & Volume, By Medium, 2022-2032F |
6.2.4 Iceland Electric Fireplace Market Revenues & Volume, By Large, 2022-2032F |
6.2.5 Iceland Electric Fireplace Market Revenues & Volume, By Extra Large, 2022-2032F |
6.3 Iceland Electric Fireplace Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Iceland Electric Fireplace Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Iceland Electric Fireplace Market Revenues & Volume, By Commercial, 2022-2032F |
7 Iceland Electric Fireplace Market Import-Export Trade Statistics |
7.1 Iceland Electric Fireplace Market Export to Major Countries |
7.2 Iceland Electric Fireplace Market Imports from Major Countries |
8 Iceland Electric Fireplace Market Key Performance Indicators |
8.1 Energy efficiency rating of electric fireplace models |
8.2 Number of home renovation projects incorporating electric fireplaces |
8.3 Percentage of households using electric fireplaces as a primary heating source |
9 Iceland Electric Fireplace Market - Opportunity Assessment |
9.1 Iceland Electric Fireplace Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Iceland Electric Fireplace Market Opportunity Assessment, By Size, 2022 & 2032F |
9.3 Iceland Electric Fireplace Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Iceland Electric Fireplace Market - Competitive Landscape |
10.1 Iceland Electric Fireplace Market Revenue Share, By Companies, 2025 |
10.2 Iceland Electric Fireplace Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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