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Firebox Market: Dynamics

The major drivers of the fireplace market are the extensive replacement of worn fireplaces and the construction of new fireplaces in newly constructed buildings or in renovated homes and hotels. With the widespread use of steam turbines and superheaters in industrial applications, fireboxes are of immense importance in industries that use superheated steam to generate electricity. Fire pits are a must in cold regions as using electric heating systems is proving to be a costly proposition compared to using traditional heating systems. Although the newer technologies are more efficient, fireplaces can prove to be more reliable when designed with greater accuracy by considering the volume of space that needs to be supplied with heat. Since building a fireplace in a home or hotel room adds an additional aesthetic value to the place, it has emerged as a new trend in North America, Europe, Russia and other cold regions of the world. Many top notch hotels in these regions offer fireplaces in suites, which helps them attract customers while keeping the room warm and comfortable. The same trend can be observed among lay people who want to aesthetically enhance their home.

While the fire pit market is looking good, there are some limitations that cannot be ignored. First, the home in which a new fireplace or firebox needs to be installed should fall under the considerations cited by CSIA and comply with the building codes cited by ASME. Second, building a fireplace at home is often a costly affair and fireplaces require regular maintenance. It is important to look for cracks and crevices in the refractory panels because if they are not well maintained they can lead to carbon monoxide emissions which can be fatal. Also a bad…