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

Publish Date: Jan 2023

Report Code: TMR3480A

Publisher: Transparency

Single User License: $5795

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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

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2031
Growth rate 5.80%
Units considered $ Million
Segments covered By Type, By Energy, By Capacity, By AFUE, By Distribution Channel, By Region
Industry covered Consumer Goods & Services
Countries covered North America
Companies studied
  • Carrier Global Corporation,
  • Fujitsu General Limited,
  • Daikin Industries, Ltd.,
  • Goodman Manufacturing,
  • Ingersoll-Rand plc,
  • Johnson Controls, Inc.,
  • Lennox International Inc.,
  • Nortek Global HVAC LLC,
  • Trane Technologies plc,
  • United Technologies Corporation

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter

Market Estimation: Market size estimations involved an in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we used modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Population, inflation rates, and others

Industry Indicators: Production data, R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived by taking into account drivers, restraints/challenges, opportunities prevailing in the market, and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise consumption data are the other pivotal factors considered to derive market forecasts.

  • Table 1 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Table 2 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Table 3 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Table 4 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Table 5 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Table 6 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Table 7 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Table 8 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Table 9 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Table 10 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Table 11 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Region
  • Table 12 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Region
  • Table 13 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Table 14 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Table 15 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Table 16 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Table 17 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Table 18 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Table 19 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Table 20 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Table 21 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Table 22 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Table 23 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Country
  • Table 24 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Country
  • Table 25 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Table 26 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Table 27 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Table 28 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Table 29 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Table 30 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Table 31 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Table 32 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Table 33 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Table 34 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Table 35 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Country
  • Table 36 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Country
  • Figure 1 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Figure 2 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Figure 3 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by Type
  • Figure 4 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Figure 5 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Figure 6 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by AFUE
  • Figure 7 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Figure 8 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Figure 9 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Energy (BTU)
  • Figure 10 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 11 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 12 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Capacity (Tons)
  • Figure 13 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Figure 14 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Figure 15 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Distribution Channel
  • Figure 16 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Region
  • Figure 17 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Region
  • Figure 18 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Region
  • Figure 19 : North America Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Country
  • Figure 20 : North America Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Country
  • Figure 21 : North America Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Country
  • Figure 22 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Figure 23 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Figure 24 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by Type
  • Figure 25 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Figure 26 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Figure 27 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by AFUE
  • Figure 28 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Figure 29 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Figure 30 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Energy (BTU)
  • Figure 31 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 32 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 33 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Capacity (Tons)
  • Figure 34 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Figure 35 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Figure 36 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Distribution Channel
  • Figure 37 : U.S. Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Country
  • Figure 38 : U.S. Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Country
  • Figure 39 : U.S. Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Country
  • Figure 40 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by Type
  • Figure 41 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by Type
  • Figure 42 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by Type
  • Figure 43 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, by AFUE
  • Figure 44 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, by AFUE
  • Figure 45 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, by AFUE
  • Figure 46 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Energy (BTU)
  • Figure 47 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Energy (BTU)
  • Figure 48 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Energy (BTU)
  • Figure 49 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 50 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Capacity (Tons)
  • Figure 51 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Capacity (Tons)
  • Figure 52 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Distribution Channel
  • Figure 53 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Distribution Channel
  • Figure 54 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Distribution Channel
  • Figure 55 : Canada Residential Furnace Market Value (US$ Mn) Forecast, 2017-2031, By Country
  • Figure 56 : Canada Residential Furnace Market Volume (Thousand Units) Forecast, 2017-2031, By Country
  • Figure 57 : Canada Residential Furnace Market Incremental Opportunity (US$ Mn) Forecast, 2022-2031, By Country

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North America Residential Furnace Market (Type: Gas Furnace, Oil Furnace, and Others; and AFUE: 80% to 90%, 90%...