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U.S. Residential Furnace Market Share

Report ID: GMI3235
Published Date: Nov 2024
Report Format: PDF

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U.S. Residential Furnace Market Share

In the U.S. residential furnace industry, leading companies like Carrier and Lennox compete based on energy efficiency, technology, price, and distribution reach. These companies focus on creating high-efficiency, eco-friendly products to meet the growing demand for sustainable heating. They also differentiate their products with smart technology and hybrid systems, offering features that improve convenience and control. Price is important, as companies try to balance affordability with advanced technology. A strong distribution network is also crucial, helping brands reach both urban and rural areas, which increases competition in the market.

This U.S. Residential Furnace Market Companies

Major players operating in the U.S. residential furnace industry are:

Amana
Boyer Furnace
Bryant
Carrier
Daikin
Lennox
Luxaire
Rheem
York

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The U.S. market for residential furnace was worth over USD 5.3 billion in 2023 and is estimated to grow at a 5% CAGR from 2024 to 2032, driven by increasing demand for energy-efficient heating solutions.

The gas furnace segment was surpassed USD 2.4 billion in 2023, due to their efficiency, cost-effectiveness, and reliability, making them a preferred choice among homeowners.

California's residential furnace market size exceeded USD 727.2 million in 2023, led by the state's stringent energy regulations and focus on reducing emissions, leading to a higher demand for high-efficiency, low-emission furnaces.

Key players in the industry include Amana, Boyer Furnace, Bryant, Carrier, Daikin, Lennox, Luxaire, Rheem, and York.