Market Overview:
The global gas wall furnace market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for gas wall furnaces from households and commercial applications across the globe. Additionally, the growing awareness about energy-efficient heating solutions is also propelling the growth of this market. On the basis of type, noncondensing type gas wall furnaces are expected to dominate the global market during the forecast period owing to their low cost and easy installation process as compared to condensing type gas wall furnaces.
Product Definition:
A gas wall furnace is a heating appliance that uses natural gas or propane to heat a room or area. These furnaces are typically installed in an alcove in the wall and have a blower that forces heated air into the room. Gas wall furnaces are important because they provide supplemental heat for homes during cold weather months.
Noncondensing Type:
Noncondensing type is used in gas wall furnaces and it's the most important part of thermal insulation. Furnace consists of a chamber filled with fuel which is heated to generate heat energy. In case of non-flammable material being processed, there may be a risk of fire due to short circuit or error during handling.
Condensing Type:
Condensing type is a technology used in gas wall furnaces which helps in reducing the amount of heat loss during the combustion process. It does this by introducing a cooling medium inside the furnace, which reduces the temperature of combustion air and fuel to near room temperature levels. The reduction in combustion temperatures reduces ash production and increases efficiency, while also reducing carbon dioxide emissions from fossil fuels.
Application Insights:
The household segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth during the forecast period. Increasing disposable income owing to growing economies such as Asia Pacific, coupled with rising temperatures across major regions including North America and Europe are expected to drive demand for gas wall furnaces in households.
Increasing urbanization along with rising requirements for space heating is anticipated to augment product demand in residential applications over the forecast period. In addition, increasing government initiatives on energy conservation are likely to propel market growth further during the study period.
Commercial application was one of the prominent segments accounting for a share of around 30% in 2017 due largely to high product penetration across industries such as healthcare, office buildings.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from developing countries such as China and India. In addition, rising construction activities in these countries are likely to drive the product demand further.
The growing residential sector on account of increasing population is projected to fuel market growth over the forecast period. Furthermore, government initiatives encouraging people living in rural areas towards adopting modern energy-efficient heating solutions are anticipated to propel industry expansion over the next eight years.
Europe was estimated at USD X million in 2017 and is expected to grow at a CAGR of XX% from 2018 till 2030 due high consumption of natural gas as compared coal based furnaces for household and commercial applications across major economies including Germany, France, Italy, U K., Poland etc.; which indicates high adoption rate towards eco-friendly technologies among consumers; thereby driving industry development opportunities for manufacturers across this region during the forecast period.
Growth Factors:
- Increasing demand for gas wall furnaces from the residential sector as a result of growing awareness about their energy-efficiency and cost-effectiveness.
- Proliferation of micro apartments and single-family homes, which are typically warmer in winter than traditional multi-family dwellings, is also expected to boost demand for gas wall furnaces over the forecast period.
- Stringent government regulations mandating energy efficiency in heating equipment will spur replacement demand for gas wall furnaces, particularly in developed countries such as the US and Canada.
- The increasing popularity of smart home technologies is also likely to benefit the market growth as homeowners look to upgrade their heating systems with connected devices that can be controlled remotely via smartphones or other electronic devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Wall Furnace Market Research Report
By Type
Noncondensing Type, Condensing Type
By Application
Household, Commercial
By Companies
BOSCH, Vaillant, Squirrel, Viessmann, Wanward, Ariston, Macro, Immergas, Dynasty, Rinnai, FERROLI, BDR Thermea, Esin, Beretta, KD Navien, Haydn
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Gas Wall Furnace Market Report Segments:
The global Gas Wall Furnace market is segmented on the basis of:
Types
Noncondensing Type, Condensing Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BOSCH
- Vaillant
- Squirrel
- Viessmann
- Wanward
- Ariston
- Macro
- Immergas
- Dynasty
- Rinnai
- FERROLI
- BDR Thermea
- Esin
- Beretta
- KD Navien
- Haydn
Highlights of The Gas Wall Furnace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Noncondensing Type
- Condensing Type
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Wall Furnace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A gas wall furnace is a type of heating and cooling system that uses natural gas as its fuel. This system is typically used to heat or cool large spaces, such as warehouses or factories.
Some of the key players operating in the gas wall furnace market are BOSCH, Vaillant, Squirrel, Viessmann, Wanward, Ariston, Macro, Immergas, Dynasty, Rinnai, FERROLI, BDR Thermea, Esin, Beretta, KD Navien, Haydn.
The gas wall furnace market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Wall Furnace Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Wall Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Wall Furnace Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Wall Furnace Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Wall Furnace Market Size & Forecast, 2020-2028
4.5.1 Gas Wall Furnace Market Size and Y-o-Y Growth
4.5.2 Gas Wall Furnace Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Noncondensing Type
5.2.2 Condensing Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Wall Furnace Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Wall Furnace Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Noncondensing Type
9.6.2 Condensing Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Noncondensing Type
10.6.2 Condensing Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Noncondensing Type
11.6.2 Condensing Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Noncondensing Type
12.6.2 Condensing Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Noncondensing Type
13.6.2 Condensing Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Wall Furnace Market: Competitive Dashboard
14.2 Global Gas Wall Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOSCH
14.3.2 Vaillant
14.3.3 Squirrel
14.3.4 Viessmann
14.3.5 Wanward
14.3.6 Ariston
14.3.7 Macro
14.3.8 Immergas
14.3.9 Dynasty
14.3.10 Rinnai
14.3.11 FERROLI
14.3.12 BDR Thermea
14.3.13 Esin
14.3.14 Beretta
14.3.15 KD Navien
14.3.16 Haydn
