How will the U.S. residential furnace market garner commendable proceeds from oil furnace sales over 2019-2025?
Publisher : Fractovia | Published Date : 2019-08-09Request Sample
The U.S. residential furnace market has noted sturdy progress over the past half a decade, owing to indoor heating being required more than a luxury in most U.S. homes. The U.S. residential furnace market size is set to surpass $200 billion by 2025.
U.S. Residential Furnace Market Size, By Application, 2018 & 2025, (Million Units)
How will oil furnace influence the revenue share of U.S. residential furnace market?
The U.S. oil based residential furnace market share is going to observe gains of more than 4% over 2019-2025. It is broadly used in large housing buildings which need large systems in order to cover a huge area. These products distribute warm air via vents, steam through radiators, and hot water by baseboards. Furnace systems draw oil from tank and send it to burners to get ignited in the combustion chamber, which will offer increased efficiency and high output.
What will be the impact of wood furnace on the U.S. residential furnace market size?
The wood based U.S. residential furnace market size is foreseen to surpass $15 billion by the year 2025. These products are used in excessive cold places to offer warmth and heat in housing buildings. Recent regulations such as phase 2, EPA regulations, which mandate furnace manufacturers to cut emissions by over 84% are also expected to influence product demand and industry outlook.
How will the revenue share of Texas hybrid residential furnace market increase?
Texas hybrid residential furnace market size is forecast to witness significant gains of more than 4% over. Gas, electric, wood, and fuel -based system can be integrated to form a hybrid furnace. It offers high efficacy and consistency increased by combing properties of different systems which will help to drive the U.S. residential furnace industry growth.
Who are the major industry players impacting the U.S. residential furnace market trends over the forecast period?
U.S. residential furnace market share is fragmented among players such as Lennox, York, Carrier, Bryant, Daikin, Rheem, Luxaire, Amana, Boyer Town Furnace, and Rudd.
