全球家用炉市场 - 2023-2030
市场调查报告书
商品编码
1390158

全球家用炉市场 - 2023-2030

Global Residential Furnace Maket - 2023-2030

出版日期: | 出版商: DataM Intelligence | 英文 192 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2022年,全球家用炉市场规模达68亿美元,预计2030年将达到110亿美元,2023-2030年预测期间CAGR为6.2%。

全球住宅炉市场预计在未来几年将显着成长,这主要是由于炉的新技术进步提高了其营运能源效率。製造商也越来越多地透过物联网 (IoT) 整合智慧功能,以改善客户的使用体验。

私募股权投资住宅炉製造商的成长趋势可能会影响市场的长期成长。随着私募股权公司在疫情后寻求更安全的投资选择,中小型製造商提供了绝佳的机会。此外,巨额投资使这些较小的参与者能够扩大其市场份额。

动力学

房屋装修率上升

过去三年,房屋装修和翻新有所增加。由于新冠肺炎 (COVID-19) 大流行引发的封锁,人们待在家里的时间越来越多,人们试图将精力投入到更具创造性的活动上,因此家居装修变得越来越受欢迎。哈佛大学住房中心联合中心(JCHS)的资料显示,美国消费者在房屋装修和改善方面的支出超过4,720亿美元,预计2023年将达到4,850亿美元。

房屋装修为房主透过安装新的住宅炉子来实现供暖系统现代化创造了机会。事实上,鑑于全球房地产市场的波动以及一些已开发市场新房销售的下降,新建住宅炉具销售大部分发生在房屋装修中。房屋装修率的上升,特别是在平均房屋使用年限超过 10 年的已开发市场,将是预测期内推动市场成长的关键因素。

加大混合用途住宅区的开发力度

长期住房短缺已成为已开发国家的一大特征。过去二十年的房屋成长一直非常乏力,再加上移民率上升和房价快速增长等其他因素,使这个问题像滚雪球一样发展成为一场重大的政治争议。

因此,为了缓解住房短缺问题,保障民众负担得起的住房,许多国家都着手开发高密度混合用途住宅区。这些区域将新公寓与商业和零售空间融为一体,从而为首次购房者提供了诱人的前景。

城市内高密度混合用途住宅区的不断建设预计将对住宅炉集中供暖产生巨大需求。随着这种类型的住房开发变得越来越受欢迎,在预测期内,它将同时增加对住宅炉的需求。

新的政府能源效率法规

各国政府正在针对能源密集型电器推出新的能源效率法规,以提高永续性。例如,美国政府从 2028 年起对所有销售的新型燃气住宅炉强制推行 95% 的年度燃料利用率 (AFUE) 标准。此外,欧盟也通过了固体燃料加热器的能源效率规则,这很可能并在未来几年内生效。

新能源效率规则的引入将导致住宅炉子价格上涨,因为製造商将把新高效系统增加的成本转嫁给消费者。由于疫情后供应链中断已经导致价格大幅上涨,新的政府效率标准可能会对中期内新住宅炉的销售产生不利影响。

目录

第 1 章:方法与范围

  • 研究方法论
  • 报告的研究目的和范围

第 2 章:定义与概述

第 3 章:执行摘要

  • 按类型分類的片段
  • 热源片段
  • 设计片段
  • 按地区分類的片段

第 4 章:动力学

  • 影响因素
    • 司机
      • 房屋装修率上升
      • 加大混合用途住宅区的开发力度
    • 限制
      • 新的政府能源效率法规
    • 机会
    • 影响分析

第 5 章:产业分析

  • 波特五力分析
  • 供应链分析
  • 定价分析
  • 监管分析
  • 俄乌战争影响分析
  • DMI 意见

第 6 章:COVID-19 分析

  • COVID-19 分析
    • 新冠疫情爆发前的情景
    • 新冠疫情期间的情景
    • 新冠疫情后的情景
  • COVID-19 期间的定价动态
  • 供需谱
  • 疫情期间政府与市场相关的倡议
  • 製造商策略倡议
  • 结论

第 7 章:按类型

  • 单段炉
  • 两段炉
  • 调製炉

第 8 章:依热源分类

  • 气体
  • 电的
  • 木头
  • 杂交种

第 9 章:设计

  • 自然吃水
  • 强制通风
  • 冷凝

第 10 章:按地区

  • 北美洲
    • 我们
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 法国
    • 义大利
    • 西班牙
    • 欧洲其他地区
  • 南美洲
    • 巴西
    • 阿根廷
    • 南美洲其他地区
  • 亚太
    • 中国
    • 印度
    • 日本
    • 澳洲
    • 亚太其他地区
  • 中东和非洲

第 11 章:竞争格局

  • 竞争场景
  • 市场定位/份额分析
  • 併购分析

第 12 章:公司简介

  • Lennox International Inc.
    • 公司简介
    • 产品组合和描述
    • 财务概览
    • 主要进展
  • Carrier Corporation
  • Johnson Controls
  • Rheem Manufacturing Company
  • Daikin Industries Ltd.
  • Fujitsu General
  • Alpine Home Air Products
  • Goodman
  • Trane
  • Boyertown Furnace

第 13 章:附录

简介目录
Product Code: FMCG7485

Overview

Global Residential Furnace Market reached US$ 6.8 billion in 2022 and is expected to reach US$ 11.0 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.

The global residential furnace market is expected to witness significant growth over the upcoming years, mainly on account of new technological advances in the furnaces to improve their operational energy efficiency. Manufacturers are also increasingly integrating smart features through internet of things (IoT) to improve customer usage experience.

The growing trend of private equity investment into residential furnace manufacturers is likely to influence market growth over the long term. With private equity firms looking for safer investment options in wake of the pandemic, small and medium-sized manufacturers offer the perfect opportunity. Furthermore, an outsize investment allows these smaller players to expand their market presence.

Dynamics

Rising Rates of Home Renovations

Home improvements and renovations have witnessed an uptick over the past three years. With people spending more time at home due to the COVID-19 pandemic-induced lockdowns, home improvements become more popular as people sought to channel their energies to more creative endeavors. According to data from the Joint Center for Housing Centers of Harvard University (JCHS), consumer spending on home renovations and improvements in U.S. topped US$ 472 billion and is expected to reach US$ 485 billion in 2023.

Home renovations create opportunities for home owners to modernize their heating systems by installing new residential furnaces. In fact, given the volatility in global housing market and decline in new home sales in some developed markets, the majority of new residential furnace sales are occuring in home renovations. Rising rates of home renovations, especially in developed markets, where the average house age is more than 10 years, will be a key factor in driving market growth over the forecast period.

Increasing Development of Mixed-Use Residential Zones

Chronic housing shortages has become a major feature of the developed world. Housing growth over the previous two decades has been highly anaemic and coupled with other factors, such as rising immigration rates and fast-paced growth in house prices, has snowballed the issue into a major political controversy.

Therefore, in order to alleviate housing shortage and to ensure affordable housing for the public, many countries are embarking on the development of high-density mixed-use residential zones. The zones encapsulate new apartments with commercial and retail spaces, thus providing an enticing prospect to first-time home buyers.

The rising construction of high-density mixed-use residential zones within the city are expected to generate significant demand for centralized heating from residential furnaces. As this type of housing development becomes evermore popular, it will concurrently raise the demand for residential furnaces over the forecast period.

New Government Energy Efficiency Regulations

Governments are unveiling new efficiency regulations for energy-intensive appliances in a bid to increase sustainability. For example, U.S. government has introduced a mandatory 95% annual fuel utilization efficiency (AFUE) standard on all new gas-powered residential furnaces sold from 2028. Furthermore, the European Union has also adopted energy efficiency rules for solid fuel heaters, which are likely to go into effect over the next few years.

The introduction of new energy efficiency rules will lead to an upward trend in residential furnace prices as manufacturers will pass on the increased costs of new efficient systems onto the consumers. With post-pandemic supply chain disruptions having already caused a significant price hike, new government efficiency standards are likely to have a detrimental effect on the sales of new residential furnaces over the medium term.

Segment Analysis

The global residential furnace market is segmented based on type, heat source, design and region.

Economical Costs Makes Gas-Powered Residential Furnace Ideal for Most Consumers

Residential furnaces utilizing gas as a heat source are most popular among consumers. Ease of installation, usage, high heating efficiency and the ability to ensure heating in the coldest temperatures are some of the key factors driving its popularity. Furthermore, gas-powered residential furnaces have some of the longest operational lifespans, nearly 15 to 20 years.

However, gas-powered residential furnaces require a municipal piped gas supply to function effectively. Still, given the operational inefficiences of electric, oil and coal as heating sources, gas-powered residential furnaces are more in demand among consumers and are likely to remain so without major design and operational improvements in other types of residential heaters.

Geographical Penetration

Consumers in North America Grapple With Increasing Prices

North America is expected to have the highest market growth during the forecast period. North America is a high per capita income region and is the primary source of demand for the global residential furnace industry. U.S. and Canada are the two countries within the region, which essentially generate all the demand for residential furnaces.

The North American market was highly fragmented, with a multitude of small, medium and large residential furnace manufacturers. However, over the last decade, the regional industry has undergone major consolidation, with multinational HVAC conglomerates such as Carrier and Johnson Control acquiring a host of smaller players. The consolidation has left consumers with reduced choices and has led to an increase in overall prices.

New energy efficiency requirements are likely to further increase the price burden on consumers. For instance, after U.S. Department of Energy (DoE) unveiled new energy efficiency regulations for residential furnaces in 2023, to be implemented five years later, manufacturers are likely to further raise prices to account for fitting of new technologies.

COVID-19 Impact Analysis

The onslaught of the COVID-19 pandemic created a slew of challenges for the global residential furnace market. The pandemic led to the disruption of global supply chains, thereby affecting the production, distribution and marketing of residential furnaces. Many manufacturers faced challenges in sourcing specialized components, as well as delays in transportation and logistics.

Residential furnace manufacturers adapted to the change in global market conditions by modifying residential furnaces with high-performance, antiviral air purification systems. However, it led to a steep price hike, leaving it unaffordable for a vast majority of consumers. Many consumers in developed regions put off purchasing new residential furnaces in wake of difficult economic conditions brought on by the pandemic.

Residential furnace manufacturers were buoyed by the K-shaped recovery in many developed markets in the post pandemic period. However, the effects of the pandemic are likely to linger on the industry over the short and medium term.

Russia-Ukraine War Impact Analysis

The ongoing war between Ukraine and Russia will continue to influence the demand dynamics of the global residential furnace market over the medium term. Stringent economic sanctions imposed on Russia due for the war have caused western residential furnace brands to exit the Russian market. The gap in the Russian market has been filled by lower quality Chinese imports. Western residential furnace brands are available at higher than market prices through parallel imports in the local grey market.

The sanctions on Russia have led to high energy costs for nations of the European Union (EU). High energy prices have led to consumers to cutback on heating expenses, thus curtailing the sales of residential furnaces in various European market over the short and medium term. The prolongation of the war could led to a permanent increase in European energy prices, thus affecting residential furance sales over the long term.

By Type

  • Single Stage Furnace
  • Two Stage Furnace
  • Modulating Furnace

By Heat Source

  • Gas
  • Electric
  • Oil
  • Wood
  • Hybrid

By Design

  • Natural Draft
  • Forced Draft
  • Condensing

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa

Key Developments

  • In October 2023, U.S. government issued new federal regulations requiring new gas-powered residential furnaces to maintain a 95% annual fuel utilization efficiency (AFUE), beginning from 2028.
  • In September 2023, Johnson Controls launched the new air365 Hybrid dual fuel system that combines heat pump with furnace to provide economical residential heating and cooling.
  • In September, 2023, Syntag Capital, a private equity firm, announced plan to buy the European HVAC operations of Lennox International Inc.

Competitive Landscape

The major global players in the market include: Lennox International Inc., Carrier Corporation, Johnson Controls, Rheem Manufacturing Company, Daikin Industries Ltd., Fujitsu General, Alpine Home Air Products, Goodman, Trane and Boyertown Furnace.

Why Purchase the Report?

  • To visualize the global residential furnace market segmentation based on type, heat source, design and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of residential furnace market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global residential furnace market report would provide approximately 61 tables, 59 figures and 192 Pages.

Target Audience 2023

  • Furnace Manufacturers
  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Type
  • 3.2. Snippet by Heat Source
  • 3.3. Snippet by Design
  • 3.4. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising Rates of Home Renovation
      • 4.1.1.2. Increasing Development of Mixed-use Residential Zones
    • 4.1.2. Restraints
      • 4.1.2.1. New Government Energy Efficiency Regulations
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Russia-Ukraine War Impact Analysis
  • 5.6. DMI Opinion

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID
    • 6.1.2. Scenario During COVID
    • 6.1.3. Scenario Post COVID
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. By Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 7.1.2. Market Attractiveness Index, By Type
  • 7.2. Single Stage Furnace*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Two Stage Furnace
  • 7.4. Modulating Furnace

8. By Heat Source

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 8.1.2. Market Attractiveness Index, By Heat Source
  • 8.2. Gas*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Electric
  • 8.4. Oil
  • 8.5. Wood
  • 8.6. Hybrid

9. By Design

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design
    • 9.1.2. Market Attractiveness Index, By Design
  • 9.2. Natural Draft*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Forced Draft
  • 9.4. Condensing

10. By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design
    • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design
    • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. UK
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Spain
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design
    • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia-Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design
    • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia-Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Heat Source
    • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Design

11. Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Company Profiles

  • 12.1. Lennox International Inc.*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Financial Overview
    • 12.1.4. Key Developments
  • 12.2. Carrier Corporation
  • 12.3. Johnson Controls
  • 12.4. Rheem Manufacturing Company
  • 12.5. Daikin Industries Ltd.
  • 12.6. Fujitsu General
  • 12.7. Alpine Home Air Products
  • 12.8. Goodman
  • 12.9. Trane
  • 12.10. Boyertown Furnace

LIST NOT EXHAUSTIVE

13. Appendix

  • 13.1. About Us and Services
  • 13.2. Contact Us