Press release
What's driving the U.S. Residential Furnace Market Growth? Prominent Players: Boyer Town Furnace, York, Carrier, Luxaire, Lennox, Amana, Bryant, Rheem, Rudd, and Daikin
U.S. Residential Furnace Market is set to surpass USD 200 billion by 2025; according to a new research report.
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Rising residential furnace demand owing to increasing population and temperature uncertainty due to global climate change resulting to drastic fall in temperature should boost product demand. This equipment operate in lower temperature regions with optimum power utilization which will accelerate U.S. residential furnace market.
Minnesota gas household furnace market may surpass USD 9.5 billion by 2025. State government initiatives including Minnesota sustainable housing initiative recommending utilization of gas furnace due to eco-friendly, economic and low energy consumption should U.S. residential furnace market growth.
Supportive regulatory landscape to standardize residential furnace products which includes American federal government Rule 1111 and 4905 to lower levels of nitrogen oxide emission from furnaces will propel market growth. These regulations are providing opportunities to manufacturers for innovative processes for residue reduction and enhanced product quality.
Wisconsin residential furnace market may poise to surpass USD 5 billion by 2025. Frequent winter storms have increased prevalence of potential health threats including frostbite and hypothermia which should increase residential heat equipment?s demand thus, driving U.S. residential furnace market.
Growing LEED certification trend for residential and commercial building ensuring healthy, cost saving, and highly efficient green building should propel gas residential heating furnace product demand. Shifting preference towards clean heating systems over other fuel powered including coal, diesel and wood should boost U.S. residential furnace market.
Gas residential furnace performance inefficiency at milder temperature may hamper U.S. residential furnace market growth. Higher maintenance cost of electric furnace along with lower large space heating efficiency may impact market price trend, thus affecting industry profitability.
U.S. residential furnace market from multifamily application is anticipated to witness gains over 5% by 2025. Multifamily heating systems are majorly utilized in multi-story residential structures owing to uniform temperature distribution, unit centralization and cost-effectiveness. Rising mid and high-rise residential building construction across U.S. owing to increasing migration and growing tourism sector should stimulate industry growth.
Increasing renovation projects in states including Texas and Louisiana due to destruction by Harvey hurricane should foster residential construction sector which should boost residential furnace product demand. Growing utilization of modern heating technologies over conventional systems in renovation projects owing to easy assembly and lower installation cost should boost U.S. residential furnace market.
U.S. combination residential furnace market may witness steady gains owing to shifting consumer trends utilizing combination of gas, fuel, wood and electric based system owing to long term cost saving and minimize environmental impact should propel product demand. Government incentives provided through federal energy star program and state?s building code to promote more energy efficient heating equipment should accelerate U.S. residential furnace market.
Shifting manufacturers preferences towards EC (electrically commuted) from PSC (Permanent Split Capacitor) motors owing to superior fan efficiency rating should promote industry growth. Residential furnaces powered by EC motors provides 85% efficiency as compared to PSC offering 65% which should propel product demand.
U.S. residential furnace market share is moderately fragmented. Major player operating in the industry includes Boyer Town Furnace, York, Carrier, Luxaire, Lennox, Amana, Bryant, Rheem, Rudd, and Daikin.
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Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 U.S. Residential Furnace Market industry 360 degree synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 State trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 U.S. Residential Furnace Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaborations/Partnerships
3.3.2.2 Distributors
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 China
3.5 Raw material analysis
3.6 Technology landscape
3.7 Pricing analysis
3.8 Cost Structure Analysis
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Growing residential construction sector may propel industry growth
3.9.1.2 Strignent regulations regarding energy efficiecy of heating devices may stimulate demand for innovative and sustainable products
3.9.2 Industry pitfalls & challenges
3.9.2.1 Emissions from wood based residential furnace may hinder market growth
3.10 Innovation & sustainability
3.11 Growth potential analysis, 2018
3.11.1 Emerging business model
3.12 Porter's analysis
3.13 Competitive landscape, 2018
3.13.1 Company market share analysis, 2018
3.13.2 Strategy dashboard
3.14 PESTEL analysis
Chapter 4 U.S. Residential Furnace Market, By Product
4.1 Key product trends
4.2 Gas Furnace
4.2.1 U.S. gas residential furnace market, 2014-2025, (Million units) (USD Million)
4.2.2 U.S. gas residential furnace market, by states, 2014-2025, (Million units) (USD Million)
4.3 Oil Furnace
4.3.1 U.S. oil residential furnace market, 2014-2025, (Million units) (USD Million)
4.3.2 U.S. oil residential furnace market, by states, 2014-2025, (Million units) (USD Million)
4.4 Electric Furnace
4.4.1 U.S. electric residential furnace market, 2014-2025, (Million units) (USD Million)
4.4.2 U.S. electric residential furnace market, by states, 2014-2025, (Million units) (USD Million)
4.5 Wood Furnace
4.5.1 U.S. wood residential furnace market, 2014-2025, (Million units) (USD Million)
4.5.2 U.S. wood residential furnace market, by states, 2014-2025, (Million units) (USD Million)
4.6 Hybrid Furnace
4.6.1 U.S. hybrid residential furnace market, 2014-2025, (Million units) (USD Million)
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