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.
This report 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.
MARKET MONITOR GLOBAL, INC (MMG) has 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