| Product Code: ETC7471439 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Hong Kong continued to see a high concentration of air furnace imports, with top exporting countries being China, Germany, Australia, Netherlands, and Singapore. The market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -16.09% from 2020 to 2024. Notably, there was a sharp decline in growth rate from 2023 to 2024 at -91.94%, reflecting challenging market conditions. The market dynamics and competitive landscape in Hong Kong`s air furnace import sector are undergoing notable shifts, likely influenced by global economic factors and industry trends.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Air Furnaces Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Air Furnaces Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Air Furnaces Market - Industry Life Cycle |
3.4 Hong Kong Air Furnaces Market - Porter's Five Forces |
3.5 Hong Kong Air Furnaces Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Hong Kong Air Furnaces Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Hong Kong Air Furnaces Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions in Hong Kong |
4.2.2 Growing construction activities and infrastructure development in the region |
4.2.3 Government initiatives promoting the adoption of eco-friendly heating technologies |
4.3 Market Restraints |
4.3.1 High initial cost of air furnaces and installation expenses |
4.3.2 Limited awareness and education about the benefits of air furnaces in Hong Kong |
4.3.3 Intense competition from other heating technologies such as electric heaters and gas furnaces |
5 Hong Kong Air Furnaces Market Trends |
6 Hong Kong Air Furnaces Market, By Types |
6.1 Hong Kong Air Furnaces Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Air Furnaces Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Hong Kong Air Furnaces Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.4 Hong Kong Air Furnaces Market Revenues & Volume, By Oil, 2021- 2031F |
6.1.5 Hong Kong Air Furnaces Market Revenues & Volume, By Electric, 2021- 2031F |
6.2 Hong Kong Air Furnaces Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Air Furnaces Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Hong Kong Air Furnaces Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Hong Kong Air Furnaces Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Hong Kong Air Furnaces Market Import-Export Trade Statistics |
7.1 Hong Kong Air Furnaces Market Export to Major Countries |
7.2 Hong Kong Air Furnaces Market Imports from Major Countries |
8 Hong Kong Air Furnaces Market Key Performance Indicators |
8.1 Energy efficiency ratings of air furnaces in the market |
8.2 Number of new construction projects incorporating air furnaces |
8.3 Percentage of government subsidies or incentives utilized by consumers for purchasing air furnaces |
8.4 Adoption rate of smart air furnace technologies in residential and commercial buildings |
8.5 Number of accredited installers and service providers for air furnaces in Hong Kong |
9 Hong Kong Air Furnaces Market - Opportunity Assessment |
9.1 Hong Kong Air Furnaces Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Hong Kong Air Furnaces Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Hong Kong Air Furnaces Market - Competitive Landscape |
10.1 Hong Kong Air Furnaces Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Air Furnaces Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |