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Residential Furnace Market Share

Report ID: GMI10947
Published Date: Aug 2024
Report Format: PDF

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Residential Furnace Market Share

Carrier is one of the leading brands in the HVAC industry renowned for its innovative and reliable solutions for residential heating and cooling needs. With a legacy of over a century, the company offers a comprehensive range of residential furnaces designed to meet the diverse needs of homeowners. Its furnaces are known for their advanced technology, including variable-speed blowers and modulating gas valves, which provide precise temperature control and improved energy efficiency. Their systems are engineered to enhance indoor comfort while minimizing energy consumption and environmental impact.

Residential Furnace Market Companies

The key industry players include:

Amana
American Standard Heating and Air Conditioning
Bryant
Carbolite Gero Ltd.
Carrier
Daikin Industries Ltd.
Emerson Electric Co.
Goodman Manufacturing Company
Heil
Inductotherm
Ipsen
Johnson Controls
Lennox International Inc.
Rheem Manufacturing
The Grieve Corporation
Trane Technologies

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of residential furnace was valued at USD 7.1 billion in 2023 and is projected to grow at 5.5% CAGR through 2032, supported by a rising demand for energy-efficient solutions and advancements in smart home technologies.

The small residential furnace market segment is set to surpass USD 4.5 billion by 2032, augmented by growing demand for energy-efficient heating solutions and a move towards smaller family units.

North America residential furnace market is expected to reach over USD 9 billion by 2032, bolstered by government initiatives to promote energy efficiency and reduce emissions.

Amana, American Standard Heating and Air Conditioning, Bryant, Carbolite Gero Ltd., Carrier, Daikin Industries Ltd., Emerson Electric Co., Goodman Manufacturing Company, Heil, Inductotherm, Ipsen, Johnson Controls, Lennox International Inc., Rheem Manufacturing, The Grieve Corporation, and Trane Technologies.