Warm Air Furnace Market Report: Trends, Forecast and Competitive Analysis to 2030

Warm Air Furnace Trends and Forecast

The future of the global warm air furnace market looks promising with opportunities in the residential, industrial, and commercial markets. The global warm air furnace market is expected to reach an estimated $10.1 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing demand for HVAC systems and rising number of home construction and renovation projects.

A more than 150-page report is developed to help in your business decisions.

Warm Air Furnace by Segment

The study includes a forecast for the global warm air furnace by type, application, and region.

Warm Air Furnace Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Gas Warm Air Furnaces
• Oil Warm Air Furnaces

Warm Air Furnace Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Industrial
• Commercial

Warm Air Furnace Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Warm Air Furnace Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies warm air furnace companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the warm air furnace companies profiled in this report include-

• Carrier
• Mitsubishi Electric
• Emerson Electric
• Ingersoll-Rand
• Daikin Industries

Warm Air Furnace Market Insights

Lucintel forecasts that gas warm oil furnaces is expected to witness the highest growth over the forecast period due to its rising preference among users as they can use more of their fuel to transform it into usable heat, which lowers their energy expenditures and environmental impact.

Within this market, commercial is expected to witness the highest growth due to substantial use of warm air furnace in this space owing to its various advantages, such as versatility, efficiency, and relatively low installation and maintenance costs.

North America is expected to witness highest growth over the forecast period due to rising government investments in public infrastructure and residential construction in the region.

Features of the Global Warm Air Furnace Market

Market Size Estimates: Warm air furnace market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Warm air furnace market size by type, application, and region in terms of value ($B).

Regional Analysis: Warm air furnace market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the warm air furnace market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the warm air furnace market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the warm air furnace market size?

Answer: The global warm air furnace market is expected to reach an estimated $10.1 billion by 2030.

Q2. What is the growth forecast for warm air furnace market?

Answer: The global warm air furnace market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the warm air furnace market?

Answer: The major drivers for this market are growing demand for HVAC systems and rising number of home construction and renovation projects.

Q4. What are the major segments for warm air furnace market?

Answer: The future of the warm air furnace market looks promising with opportunities in the residential, industrial, and commercial markets.

Q5. Who are the key warm air furnace market companies?

Answer: Some of the key warm air furnace companies are as follows:

• Carrier
• Mitsubishi Electric
• Emerson Electric
• Ingersoll-Rand
• Daikin Industries

Q6. Which warm air furnace market segment will be the largest in future?

Answer: Lucintel forecasts that gas warm oil furnaces is expected to witness the highest growth over the forecast period due to its rising preference among users as they can use more of their fuel to transform it into usable heat, which lowers their energy expenditures and environmental impact.

Q7. In warm air furnace market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising government investments in public infrastructure and residential construction in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the warm air furnace market by type (gas warm air furnaces and oil warm air furnaces), application (residential, industrial, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?