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Furnace Market Share

Report ID: GMI9458
Published Date: May 2024
Report Format: PDF

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Furnace Market Share

Furnace Company Market Share Analysis, 2023

Trane Technologies stands as one of the leading providers of innovative solutions worldwide, catering to a diverse array of industries with a comprehensive portfolio spanning heating, ventilation, and air conditioning systems, as well as building automation and energy services. Renowned for its steadfast dedication to excellence, sustainability, and customer-centric approach, Trane Technologies continually sets the standard for pioneering advancements aimed at enhancing comfort, improving indoor air quality, and fostering environmental stewardship. With a legacy of innovation and a commitment to delivering superior products and services, Trane Technologies remains at the forefront of driving transformative solutions that optimize energy efficiency, promote sustainability, and create healthier, more comfortable environments for individuals and communities worldwide.

Furnace Market Companies

Eminent players operating in the furnace industry include:

Andritz AG
Carbolite Gero Ltd.
Carrier
CM Furnaces, Inc.
Daikin
Emerson
Entec Furnace
Goodman Manufacturing Company
IHI Machinery and Furnace Co., Ltd.
Inductotherm
Ipsen
Johnson Controls
JR Furnace
Lennox
Lucifer Furnaces
NIPPON STEEL ENGINEERING CO., LTD.
Rheem Manufacturing
Technotherma Pvt. Ltd
The Grieve Corporation
Trane Technologies

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of furnace was reached USD 16.6 billion in 2023 and is expected to register 5.3% CAGR from 2024 to 2032, owing to the stringent energy efficiency regulations set by governments and regulatory bodies worldwide.

Furnace industry from the residential furnace segment is expected to reach over USD 10 billion by 2032, due to growing trend toward smart home integration leading to the development of connected furnaces that can be remotely monitored and controlled via smartphones and other devices.

North America furnace industry is expected to record over USD 20 billion by 2032 due to increasing consumer demand for vehicles and government initiatives fostering the business landscape in the region.

Daikin, Emerson, Inductotherm, Ipsen, Johnson Controls, JR Furnace, Lennox, Lucifer Furnaces, NIPPON STEEL ENGINEERING CO., LTD., Rheem Manufacturing, Technotherma Pvt. Ltd, The Grieve Corporation, and Trane Technologies, are some of the major furnace companies worldwide.