The new report by Expert Market Research titled, ‘Global Air Duct Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global air duct market, assessing the market based on its segments like types, shapes, applications, and?major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 8.9 billion
- Forecast CAGR (2022-2027): 60%
- Forecast Market Size (2027): USD 7 billion
The global market for air ducts is being driven by the rising adoption of HVAC systems in residential, commercial and industrial spaces for the circulation of clean air. Air ducts are an essential component of these HVAC systems as they aid in the circulation of air from indoor to outdoor. In addition, air ducts aids in creating a clean environment by removing dust particles and unwanted microorganisms such as pollen, bacteria, and viruses from the enclosed space, which is expected to add to the industry growth. Furthermore, the recent advancements in computing technologies such as the integration of IoT solutions have surged the adoption of HVAC in residential spaces, fuelled by the rising investments in smart home technologies. This is expected to aid the overall growth of the market.
Industry Definition and Segmentation
Air ducts are defined as pipelines that are used in heating, ventilation, and air conditioning systems to circulate clean and fresh air in an enclosed space. These air ducts help to supply warm or cool air to heat, ventilate, and cool an area.
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On the basis of type, the market can be divided into:
- Galvanised Steel Duct
- Aluminium Duct
- Flexible Duct
- Fabric Duct
The market, based on shape, can be segmented into:
- Half Round
Based on application, the market can be classified into:
- Public Facilities
- Commercial Facilities
- Industrial Facilities
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growth of the global market for air duct can be associated with the growing commercial and public constructions. Large public spaces such as gyms, banquets, malls, hospitals, and offices, among others are equipped with air ducts to circulate fresh air and avoid suffocation amid large gatherings. Moreover, air ducts are also commonly used in restaurants and hospitals to get rid of unwanted odour, which is expected to contribute to the growth of the market. Furthermore, the deployment of air ducts in public transportation such as aircrafts and trains are estimated to positively influence the overall growth of the market.
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Key Market Players
The major players in the market are Lindab International, Compagnie de Saint-Gobain S.A., CMS Group of Companies, Fabric Air Inc, Imperial Manufacturing Group, KAD Air Conditioning L.L.C., and DMI Companies, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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