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.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Residential Furnace Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Residential Furnace Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand Residential Furnace Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Residential Furnace Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Residential Furnace Market- Segmentation
By Product
- Gas Furnace
- Electric Furnace
- Oil Furnace
- Wood Furnace
- Hybrid Furnace
By Application
- Single-Family
- Multi-Family
Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global residential furnace market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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