Residential Furnace Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global residential furnace market is estimated to grow at a CAGR of nearly 6.8% during the forecast period. This Residential Furnace Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under each industry sector. Future development visions and a wide range of subjects are covered in this Residential Furnace Market study report. All this crucial data greatly assists key players to establish their presence in the competitive market. It verifies and revalidates the knowledge provided in this global Market report. It also allows several organizations to learn more about a range of opportunities already available in the market and makes aware to firms about upcoming opportunities too. It ensures several firms to attain a long-standing business success by capturing all of the latest updates about market growth. Most important participants are able to employ such report as a great resource to attain a competitive advantage over the cut-throat market.

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As per the Energy Information Administration (EIA), in the US, space heating and water heating account for approximately two-thirds of energy use in the homes. This, in turn, leading the adoption of residential furnaces which is one of the crucial energy-efficient equipment for space and water heating. With the growing consumers’ choices for equipment that reduce environmental impact and offer significant long-term savings for energy cost, the builders are focusing on marketing their homes with highly efficient equipment. Due to consumer pressure, in the US, the federal Energy Star program is offering incentives to promote the use of more efficient equipment. As a result, there is an emerging adoption of residential furnaces for energy-saving and reduce carbon footprint.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Residential Furnace Market- Segmentation

By Product

  • Gas Furnace

  • Electric Furnace

  • Oil Furnace

  • Wood Furnace

  • Hybrid Furnace


By Application

  • Single-Family

  • Multi-Family


Market– Segment by Region 

North America

  • US

  • copyright


Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe


Asia-Pacific

  • China

  • Japan

  • India

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East Africa


The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global residential furnace market. Based on the availability of data, information related to products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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