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2022

Air Duct Market

Air Duct Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, by Installation type, by End-user industry : Global Opportunity Analysis and Industry Forecast, 2021-2031

CM : Residential Construction and Improvement

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Author's: Sonali Singh | Sonia Mutreja
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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.

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.

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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).

Air Duct Market by Material

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.

Air Duct Market by Region

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.

Air Duct Market by End-user industry

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

    Aspects Details
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    Market Size By 2031

    USD 22.7 billion

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    Growth Rate

    CAGR of 4.8%

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    Forecast period

    2021 - 2031

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    Report Pages

    220

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    By Material
    • Non-metallic
    • Metallic
      • System type
        • Centralized
        • Decentralized
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    By Installation type
    • New installation
    • Retrofits
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    By End-user industry
    • Residential
    • Commercial
    • Industrial
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    By Region
    • North America  (U.S., Canada, Mexico)
    • Europe  (Germany, France, UK, Italy, Rest Of Europe)
    • Asia-Pacific  (China, Japan, South Korea, India, Rest Of Asia-Pacific)
    • LAMEA  (Latin America, Middle East, Africa)
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    Key Market Players

    Thermaflex, Thermaduct, Belimo Holding AG, Hennemuth Metal Fabricators, Siemens AG, DMI Companies, Honeywell International Inc., Schneider Electric, Pinnacle ductwork, Fabric Air, Imperia Manufacturing Group, Aldes Group, Centuri Mechanical Systems, Zinger Sheet Metal Co, Danfoss, Carrier Global Corporation, Breffni Air Ltd

    Analyst Review

    The air duct market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to increase 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. In addition, an increase in commercial and residential construction activities fuels the demand for air duct, which boosts the growth of the air duct market. The commercial segment accounted for the majority of the market share 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.

    Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand their business and strengthen their market position. For instance, in February 2022, Carrier Global Corporation acquired Systemax Pty Ltd, an independent Automated Logic controls contractor operating in Queensland and Northern Territory, Australia and in Papua New Guinea. The acquisition expands Carrier’s global footprint in building automation and control in the region. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global air duct market.

     

    Author Name(s) : Sonali Singh | Sonia Mutreja
    Frequently Asked Questions?

    Growth in consumer awareness toward green building and eco-friendly construction are the upcoming trends of Air Duct Market in the world.

    Commercial is the leading end-user industry of Air Duct Market.

    Asia-Pacific is the largest regional market for Air Duct.

    The global air duct market size was valued at $13,880.1 million in 2021.

    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. are the top 17 companies to hold the market share in Air Duct.

    The base year considered in the global air duct market report is 2021.

    The top 17 market players are selected based on two key attributes- competitive strength and market positioning.

    The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

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    Air Duct Market

    Global Opportunity Analysis and Industry Forecast, 2021-2031