Global Warm Air Furnace Market Size & Outlook, 2022-2030
Global warm air furnace market, 2018-2030 (US$M)
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Global warm air furnace market highlights
- The global warm air furnace market generated a revenue of USD 8,413.7 million in 2022 and is expected to reach USD 10,831.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.2% by 2030.
- In terms of segment, residential accounted for a revenue of USD 3,694.5 million in 2022.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Finland is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8,413.7 million |
| Market revenue in 2030 | USD 10,831.8 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 54.2% of the global warm air furnace market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Finland is the fastest growing regional market and is projected to reach USD 110.5 million by 2030.
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Warm Air Furnace Market Scope
Warm Air Furnace Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global warm air furnace market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to warm air furnace market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 43.91% in 2022. Horizon Databook has segmented the Global warm air furnace market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Warm Air Furnace Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
- Global Warm Air Furnace Type Outlook (Revenue, USD Million, 2018-2030)
- Horizontal Unitary Heaters
- Vertical Unitary Heaters
- Suspended Unitary Heaters
- Gas Warm Air Furnaces
- Oil Warm Air Furnaces
- Non-condensing Space Heating Boiler
- Condensing Space Heating Boiler
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Our clientele includes a mix of warm air furnace market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global warm air furnace market , including forecasts for subscribers. This global databook contains high-level insights into Global warm air furnace market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global warm air furnace market size, by region, 2018-2030 (US$M)
Top 10 countries: Warm air furnace market size, 2022 (US$M)
Global warm air furnace market share, by application, 2022 & 2030 (%, US$M)
Warm air furnace market: Opportunity assessment by country
Global warm air furnace market, by region, 2022 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 159.6 | 160.8 | 151.8 | 168.6 | 149.5 | 152.5 | 156.0 | 160.1 | 164.2 | 168.1 | 172.3 | 176.9 | 181.9 | 2.4% |
| Europe | 1,972.0 | 1,970.2 | 1,879.9 | 1,986.3 | 1,939.1 | 1,974.5 | 2,023.0 | 2,082.7 | 2,146.7 | 2,212.3 | 2,283.1 | 2,360.7 | 2,445.6 | 2.8% |
| North America | 4,181.5 | 4,240.0 | 4,145.5 | 4,601.0 | 4,559.3 | 4,697.0 | 4,845.6 | 5,005.8 | 5,161.9 | 5,313.5 | 5,482.1 | 5,672.9 | 5,881.1 | 3.1% |
| MEA | 98.3 | 103.3 | 107.4 | 131.2 | 129.6 | 131.6 | 134.0 | 136.9 | 139.9 | 142.7 | 145.7 | 149.0 | 152.6 | 2.0% |
| Asia Pacific | 1,527.4 | 1,552.8 | 1,569.6 | 1,678.0 | 1,636.3 | 1,682.6 | 1,738.7 | 1,802.0 | 1,867.7 | 1,932.8 | 2,004.3 | 2,083.7 | 2,170.6 | 3.5% |
| Overall | 7,938.7 | 8,027.0 | 7,854.2 | 8,565.1 | 8,413.7 | 8,638.1 | 8,897.3 | 9,187.6 | 9,480.3 | 9,769.3 | 10,087.4 | 10,443.1 | 10,831.8 | 3.2% |
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