Hong Kong Air Furnaces Market (2025-2031) | Companies, Outlook, Growth, Segmentation, Size & Revenue, Trends, Value, Industry, Forecast, Competitive Landscape, Analysis, Share

Market Forecast By Type (Gas, Oil, Electric), By End-User (Residential, Commercial, Industrial) And Competitive Landscape
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

Hong Kong Air Furnaces Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Hong Kong Air Furnaces Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Hong Kong Air Furnaces Market Outlook
  • Market Size of Hong Kong Air Furnaces Market, 2024
  • Forecast of Hong Kong Air Furnaces Market, 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Revenues & Volume for the Period 2021- 2031
  • Hong Kong Air Furnaces Market Trend Evolution
  • Hong Kong Air Furnaces Market Drivers and Challenges
  • Hong Kong Air Furnaces Price Trends
  • Hong Kong Air Furnaces Porter's Five Forces
  • Hong Kong Air Furnaces Industry Life Cycle
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Gas for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Oil for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Electric for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By End-User for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Residential for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Commercial for the Period 2021- 2031
  • Historical Data and Forecast of Hong Kong Air Furnaces Market Revenues & Volume By Industrial for the Period 2021- 2031
  • Hong Kong Air Furnaces Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-User
  • Hong Kong Air Furnaces Top Companies Market Share
  • Hong Kong Air Furnaces Competitive Benchmarking By Technical and Operational Parameters
  • Hong Kong Air Furnaces Company Profiles
  • Hong Kong Air Furnaces Key Strategic Recommendations

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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

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