According to the “Heating Equipment Market in the U.S.” study from The Freedonia Group, forced-air heating is the preferred comfort delivery method in the U.S. Of those, warm-air furnaces comprise the vast majority of the overall demand with 64 percent of the total value of sales in 2016.
Shell and tube exchangers to show the highest growth rate
May 16, 2017
The global heat exchangers market was valued $12.61 billion in 2015 and is projected to reach $20.12 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent from 2016 to 2022, according to Heat Exchangers Market Report published by Allied Market Research. The shell and tube heat exchanger segment held approximately one-fourth of the total market share in 2015.
Residential Customers Could Cut Their Annual Heating Costs Nearly in Half
May 26, 2014
According to estimates, customers can save up to $1,262 on space heating and more than $300 on water heating costs annually by using appliances powered by natural gas instead of other common energy choices.
In my mind, there wasn’t much the residential market could throw at me. I should have guessed something was up by the half-amused look on my customer’s face when he described the problem as “a real hair raiser,” and that a measure of caution was in order … but what could be dangerous about a small furnace?