A furnace is a device used for high-temperature heating. The name derives from Latin word fornax, which means oven. The heat energy to fuel a furnace may be supplied directly by fuel combustion, by electricity such as the electric arc furnace, or through induction heating in induction furnaces.
Residential Furnace Market contains market size and forecasts of Residential Furnace in global, including the following market information:
- Global Residential Furnace Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Residential Furnace Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Residential Furnace companies in 2021 (%)
The global Residential Furnace market was valued at 110840 million in 2021 and is projected to reach US$ 153740 million by 2028, at a CAGR of 4.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Gas Furnace Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Residential Furnace include Maytag (Whirlpool), York (Johnson Controls), Carrier, Lennox, Daikin, Luxaire, Boyertown Furnace, American Standard and Rheem Manufacturing and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Residential Furnace manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Residential Furnace Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Residential Furnace Market Segment Percentages, by Type, 2021 (%)
- Gas Furnace
- Oil Furnace
- Electric Furnace
- Wood Furnace
- Hybrid Furnace
Global Residential Furnace Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Residential Furnace Market Segment Percentages, by Application, 2021 (%)
- Single Family
- Multifamily
Global Residential Furnace Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Residential Furnace Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Residential Furnace revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Residential Furnace revenues share in global market, 2021 (%)
- Key companies Residential Furnace sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Residential Furnace sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Maytag (Whirlpool)
- York (Johnson Controls)
- Carrier
- Lennox
- Daikin
- Luxaire
- Boyertown Furnace
- American Standard
- Rheem Manufacturing
- Goodman Manufacturing Company
Industry Market Size
