Gas Furnace Market Size is Valued at USD 8.41 Billion in 2023, and is Projected to Reach USD 13.31 Billion by 2032, Growing at a CAGR of 5.90% From 2024-2032.

The Gas Furnace market relates to the creation and supply of heat devices for residential, commercial and industrial uses via utilization of natural gas or propane. These furnaces are classified by the stage of the control, the fuel used, installation type, and efficiency classes. It is available in many outlets including direct selling, agents, and over internet. Market is affected by parameters like technology, energy conservation standards for equipment’s, geographical shifts in demand. These are the residential users, business and offices, and industrial users with a major emphasis being placed on energy management and home automation systems.

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Active Key Players in the Gas Furnace Market

·         Carrier Corporation (United States)

·         Trane Technologies (United States)

·         Lennox International Inc. (United States)

·         Rheem Manufacturing Company (United States)

·         Goodman Manufacturing Company (United States)

·         York International Corporation (United States)

·         American Standard (United States)

·         Bryant Heating & Cooling Systems (United States)

·         Amana (United States)

·         Ruud (United States)

·         Daikin Industries, Ltd. (Japan)

·         Nordyne (United States)

·         Arcoaire (United States)

·         Comfortmaker (United States)

·         Heil (United States), Other Active Players

Gas Furnace Market Segment Analysis:

By Type

·         Single-Stage Gas Furnace

·         Two-Stage Gas Furnace

·         Modulating Gas Furnace

By Fuel Type

·         Natural Gas

·         Propane

By End User

·         Homeowners

·         Builders/Contractors

·         Industrial Facilities

·         Commercial Establishments  

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Regional Analysis:

·         North America (U.S., Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

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