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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421702
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421702
Warm Air Furnaces Market Share, Size, Trends, Industry Analysis Report, By Type (Gas Warm Air Furnaces, Oil Warm Air Furnaces), By Application, By Region, And Segment Forecasts, 2023 - 2032
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The global warm air furnaces market size is expected to reach USD 10.92 billion by 2032, according to a new study by Polaris Market Research. The report "Warm Air Furnaces Market Share, Size, Trends, Industry Analysis Report, By Type (Gas Warm Air Furnaces, Oil Warm Air Furnaces), By Application, By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising investments in construction projects, coupled with a rising appetite for exceptionally energy-efficient heating alternatives, are anticipated to propel the global demand for warm-air furnaces. Moreover, advantageous governmental initiatives, including incentives aimed at promoting the adoption of energy-efficient warm-air furnaces, are projected to impact the market positively. Furnaces employ heat to distribute warmed air via ducts throughout residential areas, particularly when faced with significant temperature fluctuations. Additionally, in 2022, the U.S. Energy Information Administration (EIA) documented that out of the 911,000 new single-family homes, 538,000 were equipped with forced-air furnaces.
Construction activity in the United States exhibited a remarkable annual increase of more than 6% in both 2021 and 2022. This surge can be largely attributed to the robust demand for single-family homes, which stands as the primary driver behind the swift growth in residential construction. The persistently high demand for home renovations and enhancements remains robust due to heightened discretionary spending within households. A substantial portion of this expansion will stem from a notable upswing in expenditures on residential building construction.
Furnace efficiency in the United States is regulated by the minimum Annual Fuel Utilization Efficiency (AFUE) standard. This standard calculates seasonal efficiency by averaging performance during both peak and part-load scenarios. Beyond considering the electricity consumption of components such as air handler, inducer fan, and controls, AFUE incorporates factors such as start-up, cool-down, and operating losses that occur in real-world conditions. A higher AFUE indicates enhanced efficiency for the furnace or boiler.
Commercial warm-air furnaces are required to possess a minimum capacity of 225,000 Btu/hr and are designed to furnish heated air through a network of ducts. In practical application, these commercial furnaces typically form the gas or propane heating components within integrated rooftop units employed in small to medium-sized commercial structures. Utilizing condensing technology, these furnaces capitalize on energy conservation by extracting added heat through the condensation of water vapor in the gases, thereby attaining efficiency levels of 90% or higher.
Warm Air Furnaces Market Report Highlights
Gas warm furnaces garnered the largest share, as they are cost-effective, environment-friendly, and can be used in wide settings
The residential segment will exhibit high growth, owing to increasing population and housing demand
North America leads in revenue due to government investments in infrastructure, residential construction, and increasing energy conservation awareness.
Key players include Carrier Corp., Mitsubishi Electric, Emerson Electric, Ingersoll-Rand, Daikin Industries, Rheem Manufacturing, Johnson Controls, Robert Bosch, Viessmann Group, Lennox International, Goodman Manufacturing, and Fujitsu.
Polaris Market Research has segmented the warm air furnaces market report based on type, application, and region:
Warm Air Furnaces, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Gas Warm Air Furnaces
- Oil Warm Air Furnaces
Warm Air Furnaces, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Residential
- Industrial
- Commercial
Warm Air Furnaces, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4049
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Warm Air Furnaces Market Insights
- 4.1. Warm Air Furnaces Market - Industry Snapshot
- 4.2. Warm Air Furnaces Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Efficient warm air furnaces with effective air conditioning
- 4.2.1.2. Built-in humidification for improved air quality
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Maintenance and repair costs
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Warm Air Furnaces Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Warm Air Furnaces Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Warm Air Furnaces, by Type, 2019-2032 (USD Billion)
- 5.3. Gas Warm Air Furnaces
- 5.3.1. Global Warm Air Furnaces Market, by Gas Warm Air Furnaces, by Region, 2019-2032 (USD Billion)
- 5.4. Oil Warm Air Furnaces
- 5.4.1. Global Warm Air Furnaces Market, by Oil Warm Air Furnaces, by Region, 2019-2032 (USD Billion)
6. Global Warm Air Furnaces Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 6.3. Residential
- 6.3.1. Global Warm Air Furnaces Market, by Residential, by Region, 2019-2032 (USD Billion)
- 6.4. Industrial
- 6.4.1. Global Warm Air Furnaces Market, by Industrial, by Region, 2019-2032 (USD Billion)
- 6.5. Commercial
- 6.5.1. Global Warm Air Furnaces Market, by Commercial, by Region, 2019-2032 (USD Billion)
7. Global Warm Air Furnaces Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Warm Air Furnaces Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Warm Air Furnaces Market - North America
- 7.3.1. North America: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Warm Air Furnaces Market - U.S.
- 7.3.3.1. U.S.: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Warm Air Furnaces Market - Canada
- 7.3.4.1. Canada: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4. Warm Air Furnaces Market - Europe
- 7.4.1. Europe: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Warm Air Furnaces Market - UK
- 7.4.3.1. UK: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Warm Air Furnaces Market - France
- 7.4.4.1. France: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Warm Air Furnaces Market - Germany
- 7.4.5.1. Germany: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Warm Air Furnaces Market - Italy
- 7.4.6.1. Italy: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Warm Air Furnaces Market - Spain
- 7.4.7.1. Spain: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Warm Air Furnaces Market - Netherlands
- 7.4.8.1. Netherlands: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Warm Air Furnaces Market - Russia
- 7.4.9.1. Russia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5. Warm Air Furnaces Market - Asia Pacific
- 7.5.1. Asia Pacific: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Warm Air Furnaces Market - China
- 7.5.3.1. China: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Warm Air Furnaces Market - India
- 7.5.4.1. India: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Warm Air Furnaces Market - Malaysia
- 7.5.5.1. Malaysia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Warm Air Furnaces Market - Japan
- 7.5.6.1. Japan: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Warm Air Furnaces Market - Indonesia
- 7.5.7.1. Indonesia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Warm Air Furnaces Market - South Korea
- 7.5.8.1. South Korea: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.6. Warm Air Furnaces Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Warm Air Furnaces Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Warm Air Furnaces Market - UAE
- 7.6.4.1. UAE: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Warm Air Furnaces Market - Israel
- 7.6.5.1. Israel: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Warm Air Furnaces Market - South Africa
- 7.6.6.1. South Africa: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.7. Warm Air Furnaces Market - Latin America
- 7.7.1. Latin America: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Warm Air Furnaces Market - Mexico
- 7.7.3.1. Mexico: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Warm Air Furnaces Market - Brazil
- 7.7.4.1. Brazil: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Warm Air Furnaces Market - Argentina
- 7.7.5.1. Argentina: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Carrier Corp.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Daikin Industries
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Emerson Electric
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Fujitsu
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Goodman Manufacturing
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Ingersoll-Rand
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Johnson Controls
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Lennox International
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Mitsubishi Electric
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Rheem Manufacturing
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Robert Bosch
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Viessmann Group
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
Product Code: PM4049
List of Tables
- Table 1 Global Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 3 Warm Air Furnaces Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Warm Air Furnaces Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Warm Air Furnaces Market, by Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Warm Air Furnaces Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Warm Air Furnaces Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Global Warm Air Furnaces Market, by Type, 2022 & 2032 (USD Billion)
- Figure 10 Warm Air Furnaces Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Warm Air Furnaces Market
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