The global warm air furnaces market size reached US$ 8.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.15% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Warm Air Furnaces
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global warm air furnaces market size reached US$
8.8 Billion in 2023.
Warm air furnaces are a vital component of HVAC (Heating, Ventilation, and Air
Conditioning) systems that play a pivotal role in maintaining indoor comfort
and temperature control in residential, commercial, and industrial settings.
These furnaces operate by heating air and distributing it throughout a building
to provide warmth during cold weather.
They are designed to be energy-efficient, cost-effective, and environmentally
friendly, aligning with modern sustainability standards. In a warm air furnace, a
heat source, typically natural gas, propane, or electricity, is used to warm the
air within the system. The warmed air is then circulated through a network of
ducts and vents, ultimately reaching different rooms or spaces within the
building. Warm air furnaces offer precise temperature control, ensuring a
consistent and comfortable environment.
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air-furnaces-market/requestsample
4. Report Description
Global Warm Air Furnaces Market Trends:
Increasing awareness about energy conservation and the need to reduce utility costs have driven demand for
energy-efficient warm air furnaces. Consumers and businesses alike are seeking systems that can provide
comfort while minimizing energy consumption and carbon emissions. Additionally, as older, less efficient heating
systems become obsolete or require extensive repairs, consumers and businesses are inclined to replace them
with modern warm air furnaces. This replacement cycle is a significant driver of market growth. Other than this,
fluctuations in weather patterns and an increase in extreme temperatures, both hot and cold, have made reliable
heating systems a necessity.
This has led to a steady demand for warm air furnaces across various regions. Besides this, rapid urbanization
and ongoing construction projects, particularly in emerging economies, are driving the installation of HVAC
systems, including warm air furnaces, in new buildings and infrastructures. In line with this, the desire for
improved indoor air quality, temperature control, and convenience has spurred interest in smart and connected
warm air furnace systems that can be remotely controlled and monitored.
Looking forward, the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.5 %
during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/warm-air-furnaces-market
5. Report
Segmentation
Breakup by Type:
• Gas Warm Air Furnaces
• Oil Warm Air Furnaces
Breakup by Application:
• Residential
• Commercial
• Industrial
Breakup by Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
6. Competitive
Landscape with
Key Players
• Carrier Global Corporation
• Daikin Industries Ltd.
• Fujitsu Limited
• Lennox International Inc.
• Rheem Manufacturing Company (Paloma Co.
Ltd.)
7. Key Questions
Answered in
the Report
How has the global warm air furnaces market performed so
far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the
global warm air furnaces market?
What is the impact of each driver, restraint, and opportunity
on the global warm air furnaces market?
What are the key regional markets?
Which countries represent the most attractive warm air
furnaces market?
What is the breakup of the market based on the type?
Which is the most attractive type in the warm air furnaces
market?
8. Key Questions
Answered in
the Report
What is the breakup of the market based on the application?
Which is the most attractive application in the warm air
furnaces market?
What is the competitive structure of the global warm air
furnaces market?
Who are the key players/companies in the global warm air
furnaces market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Mark et Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Global Warm Air Furnaces Market - Introduction
4.1 Overview
4.2 Market Dynamics
4.3 Industry Trends
4.4 Competitive Intelligence
5 Global Warm Air Furnaces Market Landscape
5.1 Historical and Current Mark et Trends (2018 -2023)
5.2 Mark et Forecast (2024 -2032)
6 Global Warm Air Furnaces Market - Breakup by Type
6.1 Gas Warm Air Furnaces
6.1.1 Overview
6.1.2 Historical and Current Market Trends (2018 -2023)
6.1.3 Mark et Segmentation
6.1.4 Mark et Forecast (2024 -2032)
6.2 Oil Warm Air Furnaces
6.2.1 Overview
6.2.2 Historical and Current Mark et Trends (2018 -2023)
6.2.3 Mark et Segmentation
10. Table of
Contents
6.2.4 Mark et Forecast (2024 -2032)
6.3 Attractive Investment Proposition by Type
7 Global Warm Air Furnaces Market - Breakup by
Application
7.1 Residential
7.1.1 Overview
7.1.2 Historical and Current Mark et Trends (2018 -2023)
7.1.3 Mark et Segmentation
7.1.4 Mark et Forecast (2024 -2032)
7.2 Commercial
7.2.1 Overview
7.2.2 Historical and Current Mark et Trends (2018 -2023)
7.2.3 Mark et Segmentation
7.2.4 Mark et Forecast (2024 -2032)
7.3 Industrial
7.3.1 Overview
7.3.2 Historical and Current Mark et Trends (2018 -2023)
7.3.3 Mark et Segmentation
7.3.4 Mark et Forecast (2024 -2032)
7.4 Attractive Investment Proposition by Application
8 Global Warm Air Furnaces Market – Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Drivers
8.1.1.2 Historical and Current Mark et Trends (2018 -2023)
8.1.1.3 Mark et Breakup by Type
8.1.1.4 Mark et Breakup by Application
8.1.1.5 Key Players
8.1.1.6 Mark et Forecast (2024 -2032)
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