Australia Residential Furnace Market Size & Outlook, 2025-2033
OverviewAustralia Residential Furnace Market Highlights
- According to Market Strides analysis, the Australia Residential Furnace Market size was USD 149.86 Million in 2024 and is projected to reach USD 212.00 Million by 2033.
- The Australia market is projected to grow at a CAGR of 3.91% between 2025 and 2033.
- By segment, Gas Furnace emerged as the largest By Type in terms of market size in 2024.
- Gas Furnace is anticipated to remain the most attractive By Type segment, recording the fastest growth during the forecast period.
Source: MS Analysis Company Publications, Primary Interviews.
Other Key Findings
- In 2024, Australia accounted for 1.25% of the global Residential Furnace Market size.
- By 2033, United States is expected to lead the global Residential Furnace Market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional Residential Furnace Market size by 2033.
- South East Asia is identified as the fastest-growing market in Asia Pacific, anticipated to reach USD 2121.92 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 149.86 Million |
| Market Size In 2033 | USD 212.00 Million |
| Largest segment | Gas Furnace |
| Units | Revenue in USD Million |
| CAGR | 3.91% (2025-2033) |
| Segmnetation Covered | |
| By Type |
|
| By Efficiency Rating |
|
| By Installation Type |
|
| By Application |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Australia Residential Furnace Market By Type 2025-2033 (USD Million)
| By Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gas Furnace | XX.x | XX.x | XX.x | 61.61 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Oil Furnace | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Electric Furnace | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Dual Fuel Furnace | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Australia Residential Furnace Market By Efficiency Rating 2025-2033 (USD Million)
| By Efficiency Rating | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard Efficiency (Below 90% AFUE) | XX.x | XX.x | XX.x | 95.99 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| High Efficiency (90% & Above AFUE) | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Australia Residential Furnace Market By Installation Type 2025-2033 (USD Million)
| By Installation Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New Installation | XX.x | XX.x | XX.x | 92.33 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Replacement | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Australia Residential Furnace Market By Application 2025-2033 (USD Million)
| By Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Single-Family Homes | XX.x | XX.x | XX.x | 82.92 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Multi-Family Homes | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Author :
Market Strides Research Team
The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.
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Report Details
| Author | Market Strides Research Team |
| Format | PDF & Excel |
| Language | English |
| Published | Nov, 2025 |
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