Market Overview:
The global wall hanging 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 wall hanging furnaces from households and commercial applications across the globe. In addition, the growing awareness about energy-efficient heating solutions is also propelling the growth of this market. On the basis of type, noncondensing type wall hanging furnaces are expected to dominate the global market during the forecast period owing to their low cost and easy installation as compared to condensing type wall hanging furnaces. However, condensing type wall hanging furnaces are anticipated to witness higher growth rates due their superior performance in terms of efficiency and output as compared to noncondensing type ones. On the basis of application, household applications are estimated account for a larger share in terms revenue generated by Wall Hanging Furnace Market during 2018-2030 followed by commercial applications globally .
Product Definition:
A wall hanging furnace is a small, permanently installed furnace that hangs on the wall of a house or building. These furnaces are typically used to heat a single room or area of a home. Wall hanging furnaces are often less expensive to operate than other types of heating systems and can be more efficient than space heaters.
Noncondensing Type:
The noncondensing type is used in the wall-hanging furnaces. It has a capacity of burning wood up to 12” diameter and 18” length. The heat released by this equipment can be utilized for cooking as well as other household activities. This product is majorly used in developing countries including India, China, Brazil, Vietnam and South Africa among others where electricity is not easily accessible to people living in rural areas or hilly terrain where the road network ends.
Condensing Type:
The condensing type is a heat exchanger used in the wall-hanging furnaces. It is an important part of the furnace and its working depends on the temperature difference between its outer surface and inner surface. The Condensing Type Wall Hanging Furnace works like a regular wood-burning furnace but instead of burning wood it uses hot air to blow out by means of fan, which makes it possible to use in smaller homes as well as larger homes with smaller lot sizes.
Application Insights:
The household application segment dominated the global wall hanging furnace market in 2017. This is attributed to rising demand for convenient and energy-efficient products among residential consumers. Furthermore, increasing penetration of air conditioning systems in regions such as North America and Europe is expected to drive the demand for wall hanging furnaces over the forecast period.
The commercial application segment was valued at USD 544.3 million in 2017 owing to growing construction activities across industries including healthcare, data centers, educational institutes and hotels around the globe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness regarding energy conservation, low-cost installation, availability of cheap labor and raw materials as well as government support for industrial development. China is estimated to contribute significantly towards regional growth owing to presence of numerous manufacturers coupled with easy access to technology advancement through various trade shows and conferences held in China.
North America accounted for a significant share in terms of revenue due to growing concerns about rising fuel prices along with need for reducing environmental impact caused by carbon emission from coal-based furnaces used traditionally at home heating applications.
Growth Factors:
- Increasing demand from construction and infrastructure sector
- Growing popularity of wall-mounted furnaces for residential applications
- Rising awareness about energy-efficient heating solutions
- Technological advancements in wall furnace designs and features
- Affordable prices and easy installation
Scope Of The Report
Report Attributes
Report Details
Report Title
Wall Hanging Furnace Market Research Report
By Type
Noncondensing Type, Condensing Type
By Application
Household, Commercial
By Companies
Beretta, Vaillant, BOSCH, BDR Thermea, Ariston, Viessmann, FERROLI, KD Navien, Squirrel, Immergas, Rinnai, Esin, Wanward, Rinnai, Haydn, Dynasty
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Wall Hanging Furnace Market Report Segments:
The global Wall Hanging 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:
- Beretta
- Vaillant
- BOSCH
- BDR Thermea
- Ariston
- Viessmann
- FERROLI
- KD Navien
- Squirrel
- Immergas
- Rinnai
- Esin
- Wanward
- Rinnai
- Haydn
- Dynasty
Highlights of The Wall Hanging 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 Wall Hanging 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wall hanging furnaces are a type of furnace that is designed to be mounted on the wall. They are typically smaller than standard furnaces and have a lower heat output, making them better suited for use in small spaces.
Some of the major companies in the wall hanging furnace market are Beretta, Vaillant, BOSCH, BDR Thermea, Ariston, Viessmann, FERROLI, KD Navien, Squirrel, Immergas, Rinnai, Esin, Wanward, Rinnai, Haydn, Dynasty.
The wall hanging 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 Wall Hanging 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 Wall Hanging Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wall Hanging 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 Wall Hanging 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 Wall Hanging Furnace Market Size & Forecast, 2020-2028
4.5.1 Wall Hanging Furnace Market Size and Y-o-Y Growth
4.5.2 Wall Hanging 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 Wall Hanging 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 Wall Hanging 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 Wall Hanging Furnace Market: Competitive Dashboard
14.2 Global Wall Hanging Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beretta
14.3.2 Vaillant
14.3.3 BOSCH
14.3.4 BDR Thermea
14.3.5 Ariston
14.3.6 Viessmann
14.3.7 FERROLI
14.3.8 KD Navien
14.3.9 Squirrel
14.3.10 Immergas
14.3.11 Rinnai
14.3.12 Esin
14.3.13 Wanward
14.3.14 Rinnai
14.3.15 Haydn
14.3.16 Dynasty
