According to a market report by Lucintel, the future of the global warm air furnace market looks promising with opportunities in the residential, industrial, and commercial markets. The global warm air furnace market is expected to reach an estimated $10.1 billion by 2030 from $8.2 billion in 2024, at a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing demand for HVAC systems and rising number of home construction and renovation projects.
A more than 150-page report to understand trends, opportunity and forecast in warm air furnace market to 2030 by type (gas warm air furnaces and oil warm air furnaces), application (residential, industrial, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that gas warm oil furnaces is expected to witness the highest growth over the forecast period due to its rising preference among users as they can use more of their fuel to transform it into usable heat, which lowers their energy expenditures and environmental impact.
Within this market, commercial is expected to witness the highest growth due to the substantial use of warm air furnaces in this space owing to its various advantages, such as versatility, efficiency, and relatively low installation and maintenance costs.
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North America is expected to witness highest growth over the forecast period due to rising government investments in public infrastructure and residential construction in the region.
Carrier, Mitsubishi Electric, Emerson Electric, Ingersoll-Rand, Daikin Industries are the major suppliers in the warm air furnace market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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