The global residential furnace market is estimated to grow at a CAGR of nearly 6.8% during the forecast period. Increasing demand for indoor heating solutions and a significant rise in residential construction activities across the globe. As per the US Census Bureau, in the US, in February 2020, building permits for privately owned residential units were 1,464,000, which is 13.8% more than the rate of 1,287,000 February 2019. The demand for residential construction is also increasing in emerging countries, including India and China owing to the rapid urbanization and significant population base in these countries. The growing residential construction is encouraging the adoption of heating and cooling equipment to reduce the level of energy consumption.
A full report of Residential Furnace Market available at https://www.orionmarketreports.com/residential-furnace-market/3422/
Residential Furnace Market Segmentations
By Product
• Gas Furnace
• Electric Furnace
• Oil Furnace
• Wood Furnace
• Hybrid Furnace
By Application
• Single-Family
• Multi-Family
Company Profile
• Boyertown Furnace
• Bryant Heating & Cooling Systems
• Carrier Global Corp.
• Daikin Industries, Ltd.
• Dettson Industries Inc.
• Fujitsu General Ltd.
• Ingersoll Rand, Inc.
• International Comfort Products LLC (ICP)
• Johnson Controls, Inc.
• Lennox International Inc.
• Mr Furnace
• MRCOOL LLC
• Nortek Global HVAC LLC
• R.E. Michel Co., Inc.
• Rheem Manufacturing Co.
• WaterFurnace Renewable Energy, Inc.
• Whirlpool Corp.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
