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U.S. Residential Furnace Market to Witness Growth Acceleration During 2019-2025

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MarketStudyReport.com Adds New U.S. Residential Furnace Market Size 2019 – 2025 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Trends, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.

U.S. combination residential furnace market may witness steady gains owing to shifting consumer trends utilizing combination of gas, fuel, wood and electric based system owing to long term cost saving and minimize environmental impact should propel product demand. Government incentives provided through federal energy star program and state’s building code to promote more energy efficient heating equipment should accelerate U.S. residential furnace market.

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U.S. Residential Furnace Market is set to surpass USD 200 billion by 2025; according to a new research report. Rising residential furnace demand owing to increasing population and temperature uncertainty due to global climate change resulting to drastic fall in temperature should boost product demand. This equipment operates in lower temperature regions with optimum power utilization which will accelerate U.S. residential furnace market.

Minnesota gas household furnace market may surpass USD 9.5 billion by 2025. State government initiatives including Minnesota sustainable housing initiative recommending utilization of gas furnace due to eco-friendly, economic and low energy consumption should U.S. residential furnace market growth.

Gas residential furnace performance inefficiency at milder temperature may hamper U.S. residential furnace market growth. Higher maintenance cost of electric furnace along with lower large space heating efficiency may impact market price trend, thus affecting industry profitability.

U.S. residential furnace market from multifamily application is anticipated to witness gains over 5% by 2025. Multifamily heating systems are majorly utilized in multi-story residential structures owing to uniform temperature distribution, unit centralization and cost-effectiveness. Rising mid and high-rise residential building construction across U.S. owing to increasing migration and growing tourism sector should stimulate industry growth.

Increasing renovation projects in states including Texas and Louisiana due to destruction by Harvey hurricane should foster residential construction sector which should boost residential furnace product demand. Growing utilization of modern heating technologies over conventional systems in renovation projects owing to easy assembly and lower installation cost should boost U.S. residential furnace market.

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Shifting manufacturers preferences towards EC (electrically commuted) from PSC (Permanent Split Capacitor) motors owing to superior fan efficiency rating should promote industry growth. Residential furnaces powered by EC motors provides 85% efficiency as compared to PSC offering 65% which should propel product demand. U.S. residential furnace market share is moderately fragmented. Major player operating in the industry includes Boyer Town Furnace, York, Carrier, Luxaire, Lennox, Amana, Bryant, Rheem, Rudd, and Daikin.

Table of Contents:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. U.S. Residential Furnace Industry Insights

Chapter 4. U.S. Residential Furnace Market, By Product

Chapter 5. U.S. Residential Furnace Market, By Application

Chapter 6. U.S. Residential Furnace Market, By States

 

Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/u-s-residential-furnace-market

Related Report:

Global (United States, European Union and China) Heat Furnace Market Research Report 2019-2025

This report studies the global market size of Heat Furnace, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Heat Furnace production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019 and forecast to 2025.

https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-heat-furnace-market-research-report-2019-2025

Read More: https://www.reuters.com/brandfeatures/venture-capital/article?id=105857

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This post was originally published on Trading Herald

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