PUBLISHER: Allied Market Research | PRODUCT CODE: 1179578
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179578
The global air duct market size was valued at $13,880.1 million in 2021, and is projected to reach $22,659.5 million by 2031, registering a CAGR of 4.8% from 2022 to 2031.
Air duct is an essential tube that connects the HVAC system with air vents throughout the house. Air ducts facilitate necessary ventilation and help to maintain indoor air quality as well as thermal comfort. Air duct systems prevent air contamination by filtering the external air and thus removing dust, dirt, pollen, and other air contaminants. Leakages in air ducts can compromise the quality of supply air and cause health problems. Air ducts help to optimize the energy consumption of a building.
Rise in consumer awareness regarding energy conservation, improved thermal comfort, and energy efficiency are factors that are expected to help boost the demand for air duct in both residential and commercial construction markets. In addition, galvanized steel air ducts are suitable for high-temperature applications. Aluminum ducts are often used for kitchen chimney ventilation and light-duty applications. Air ducts made from materials such as fiberglass and polymers provide higher insulation and flexibility as desirable properties and are thus growing in popularity in new age infrastructure projects, which is expected to boost the air duct market growth. However, the growth in adoption of ductless equipment is a major restraining factor for the growth of the global air duct market.
The market is segmented on the basis of material, installation type, end-user industry, and region. On the basis of material, the market is divided into metallic and non-metallic. On the basis of installation type, the market is bifurcated into new installation and retrofits. On the basis of end-user industry, the market is categorized into residential, commercial, and industrial. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the air duct market are Aldes Group, Belimo Holding AG, Breffni Air Ltd, Carrier Global Corporation, Centuri Mechanical Systems, Danfoss, DMI Companies, Fabric Air, Hennemuth Metal Fabricators, Honeywell International Inc., Imperia Manufacturing Group, Pinnacle ductwork, Schneider Electric, Siemens, Thermaduct, Thermaflex, and Zinger Sheet Metal Co.
Key Benefits For Stakeholders
By Material
By Installation type
By End-user industry
By Region