Air Duct Market

Air Duct Market Research, 2031

The global air duct market size was valued at $13.9 billion in 2021, and is projected to reach $22.7 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

Air ducts are channels or pipes or conduits used in heating, ventilation, and air conditioning (HVAC) systems to convey air across the building. They are the pathways that are used for either heated or cooled air to be delivered or removed from an area. 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 external air and thus remove dust, dirt, pollen, and other air contaminants.

The number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of air duct companies at their full-scale capacities. This is expected to help the market recover by the end of 2022.

Growth in consumer awareness regarding energy conservation, improved thermal comfort, and energy efficiency are factors that are expected to help foster the demand for air duct in both the 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 increase in number of stringent environmental and energy efficiency regulations imposed on the global construction industry by various governments and international organizations has created demand for better designed and improved products in the air duct market. Moreover, growth in consumer awareness toward green building and eco-friendly construction is expected to boost the global air duct market.

Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in August 2020, Pinnacle Ductwork launched a wholesale division, offering a full range of ducting, HVAC products & fixing accessories stocked and available for order, collection, and delivery. Such launches are anticipated to boost the air duct market opportunity.

The air duct market is segmented into Material, Installation type and 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).

On the basis of material, the metallic segment generated the highest revenue in 2021, due to increase in construction of commercial and residential buildings that fuel the growth of the air duct market.

On the basis of region, Asia-Pacific registered highest market share in the global air duct market share in 2021, owing to rise in industrialization and rapid urbanization in countries such as China, India, Vietnam, and Indonesia that boost the growth of construction activities, which further fuel the growth of the market. Furthermore, the majority of countries in the region are spending on construction sector for the growth of their economies.

On the basis of end-user industry, the commercial segment accounted for the highest revenue in the global market in 2021, owing to construction of new official buildings, railway stations, and commercial complexes, which is anticipated to drive the growth of the commercial sector.

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 AG, Thermaduct, Thermaflex, Zinger Sheet Metal Co.

KEY BENEFITS FOR STAKEHOLDERS

• The report provides an extensive analysis of the current and emerging global air duct market trends and dynamics. 
• In-depth global air duct market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
• Extensive analysis of air duct market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• Air duct market forecast analysis from 2022 to 2031 is included in the report.
• The key players with in air duct market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of air duct industry.

 Air Duct Market Report Highlights