North America Residential Furnace Market (Type: Gas Furnace, Oil Furnace, and Others; and AFUE: 80% to 90%, 90% to 95%, and Above 95%) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Report Highlights

North America Residential Furnace Market – Scope of Report

TMR’s report on the residential furnace market in North America studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the residential furnace market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of residential furnace market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the residential furnace market in North America.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the residential furnace market in North America.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the residential furnace market in North America. These serve as valuable tools for existing market players as well as for entities interested in participating in the residential furnace market in North America.

The report delves into the competitive landscape of the residential furnace market. Key players operating in the residential furnace market in North America have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the residential furnace market profiled in this report.

Research Methodology
The research methodology is a combination of exhaustive primary and secondary research to analyze the residential furnace market.

Secondary Research

Secondary research included a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we referred to include, but are not limited to:

• Company websites, presentations, annual reports, white papers, technical papers, product brochures
• Internal and external proprietary databases and relevant patents
• National government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

• Industry Sources:
  • WorldWideScience.org
  • Elsevier, Inc.
  • National Institutes of Health (NIH)
  • PubMed
  • NCBI
  • Department of Health Care Service
• Trade Data Sources
  • Trade Map
  • UN Comtrade
  • Trade Atlas
• Company Information
  • OneSource Business Browser
  • Hoover’s
  • Factiva
  • Bloomberg
• Mergers & Acquisitions
  • Thomson Mergers & Acquisitions
  • MergerStat
  • Profound

Primary Research

During the course of the research, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research.

We conducted primary interviews with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

• Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening secondary research findings
• Develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who took part in the process include, but are not limited to:

• Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
• Purchasing/sourcing managers, technical personnel, distributors
• Outside experts: Investment bankers, valuation experts, and research analysts
• Key opinion leaders specializing in the market with respect to different industry verticals

Primary participants included, but are not limited to:

• Bayer AG
• Elanco Products Company
• Merck & Co., Inc.
• Ceva Sante Animale
• Virbac SA