Residential Furnace Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global residential furnace market is estimated to grow at a CAGR of nearly 6.8% during the forecast period. Increasing demand for indoor heating solutions and a significant rise in residential construction activities across the globe. As per the US Census Bureau, in the US, in February 2020, building permits for privately owned residential units were 1,464,000, which is 13.8% more than the rate of 1,287,000 February 2019. The demand for residential construction is also increasing in emerging countries, including India and China owing to the rapid urbanization and significant population base in these countries. The growing residential construction is encouraging the adoption of heating and cooling equipment to reduce the level of energy consumption. 

Residential Furnace Market Segmentations

 By Product

• Gas Furnace
• Electric Furnace
• Oil Furnace
• Wood Furnace
• Hybrid Furnace

By Application

• Single Family
• Multi Family

Company Profile

• Boyertown Furnace
• Bryant Heating & Cooling Systems
• Carrier Global Corp.
• Daikin Industries, Ltd.
• Dettson Industries Inc.
• Fujitsu General Ltd.
• Ingersoll Rand, Inc.
• International Comfort Products LLC (ICP)
• Johnson Controls, Inc.
• Lennox International Inc.
• Mr Furnace
• MRCOOL LLC
• Nortek Global HVAC LLC
• R.E. Michel Co., Inc.
• Rheem Manufacturing Co.
• WaterFurnace Renewable Energy, Inc.
• Whirlpool Corp.

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Residential Furnace Market Report

• What was the Residential Furnace Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Residential Furnace Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Residential Furnace Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.