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Air Duct Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jan 2021 | 45 Views
 
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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 the external air and thus removes 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. Air ducts are designed to be energy efficient, have high performance and long service lives depending on the application area and the specific requirements as per the building design. Air ducts are commonly available in a variety of shapes such as round, rectangular or oval among other types and are used as per building design. Air ducts can help to reduce the cost efficiency of a building by being energy efficient if they are properly insulated and sealed while also reducing the impact on the environmental pollution. High efficiency air ducts ensure the smooth supply and return of air from the application area and maintain air flow.

­Market scope and structure analysis:

Report Metric

Details

  Market size available for years 

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Millions)

  Segments covered

Material, Shape, Application, Industry Verticals and Region.

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, Netherlands, Italy and France), Asia-Pacific (China, Japan, South Korea, Sri Lanka and India), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

The key players in the Air Duct market include Siemens, Danfoss, Honeywell International, Inc., Schneider Electric, and Belimo.

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has forced many companies including manufacturers and service providers in the HVAC market to halt their business operations to comply with new government rules and regulations. This halt in operations directly impacts the revenue flow of the market players and thereby the global Air ducts market. 
  • Moreover, research scientists are unable to rule out the possibility of spread of coronavirus through heating, ventilation, and air conditioning (HVAC) systems. 
  • Consumers around the world are confused whether HVAC air filtration systems can protect them from COVID-19 exposure. 
  • Some systems like germicidal wavelength UV fixtures were capable of filtering air in previous cases of SARS and MERS viruses but the same cannot be scientifically claimed for COVID-19, as research is still ongoing.
  • Installation and servicing operations would be impeded as contact prevention norms reduce the number of orders that can be handled per day by HVAC companies.
  • Therefore, the air duct market is expected to get negatively affected in 2020. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis

Growing consumer awareness regarding energy conservation, improved thermal comfort and energy efficiency are factors that are expected to help grow the demand for HVAC equipment in both the residential and commercial construction markets. With these factors, the global air duct market is also expected to grow. 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 like fiberglass and polymers provide higher insulation and flexibility as desirable properties and are thus growing in popularity in new age infrastructure projects. However, the growing adoption of ductless equipment is a major restraining factor for the growth of the global air duct market. Ductless systems are more energy efficient. The opportunity for growth of the global air duct market comes from the stringent environmental and energy-efficiency related regulations imposed by various governments and international bodies upon the global construction industry that is creating demand for better designed and improved products in the HVAC systems and equipment market. Moreover, growing consumer affinity towards green building and eco-friendly construction is also expected to boost the global HVAC equipment market. Growing awareness regarding energy conservation is also a major driver for the global air duct market.

The global Air Duct market trends are as follows:

Rising awareness of the importance of energy conservation and environmental degradation

A study by the Department of Energy, USA, estimates that the average air duct system loses 25 to 40 percent of the energy output of the HVAC system employed. Hence, up to one third of the air supply may get lost due. This wasted energy increases the utility bills of the consumer and causes inefficient and non-uniform air supply and temperature control. Growing awareness regarding energy conservation is a major driver for the global air duct market. Thus, with the growing importance of energy conservation, the demand for suitable and improved air duct designs is rising. Air ducts serve as a thermal barrier between the outdoor and indoor air temperature and quality of a building. As a result, government agencies around the world, international regulatory bodies and the global construction industry itself are pushing towards the increased adoption of advanced air duct systems to optimize energy consumption. Insulated air ducts have the ability to save more energy. The increasing popularity of green construction is also expected to drive the growth of the global air duct market in the future. Energy used for operation of HVAC systems is commonly generated by the burning of fossil fuels at power plants, which can cause increase environmental pollution and contributes to smog, acid rain, and climate change. Thus, with reduction of energy that is used in the operation of HVAC systems, air pollution is also reduced. By reducing the amount of energy necessary for operation of HVAC systems, the amount of air pollution generated can be reduced. The demand for high performance air ducts as a solution to energy-efficiency and environmental problems is increasing globally and this is expected to help the global air duct market grow.

Growth of global construction industry with rising population, urbanization and disposable income around the world

According to data from the United Nations (U.N), more than 54% of global population is living in urban areas. Due to the factors of growing population, urbanization and increased standard of living of consumers around the world, the global air duct market is expected to expand. These factors are expected to aid the global air duct market grow as the growth of the global HVAC industry goes hand in hand with growth in urbanization. With rising disposable income, consumers are increasingly looking for increased comfort in their living or working conditions. An air duct system that is well-designed and properly insulated can make a building more comfortable, improve air quality and increase energy efficiency. Contaminated air, fumes, dust and other forms of pollutants can enter the building, causing respiratory diseases, aggravation of diseases such as asthma, allergic reactions and other related health problems. Everyday appliances such as water heaters, clothes dryers, and furnaces release poisonous gases like carbon monoxide. Leaky ductwork in the heating and cooling system may cause back drafting, where these gases are drawn back into the living space. Well-designed and properly insulated air ducts increase the energy efficiency and thus lower the utility bills. Also, a well-designed, high performance and sealed air duct system may even allow consumers to downsize their HVAC system to a smaller, less costly alternative. These factors are expected to help grow the demand for air duct in the global food and beverages industry and thus, help the global Air Duct industry grow.

Key segments covered:

Segments

Sub-segments

  Material

  • Galvanized steel
  • Fiberglass
  • Polymers
  • Aluminum
  • Others

  Shape

  • Rectangular
  • Round
  • Oval
  • Others

  Application

  • Residential Construction
  • Commercial Construction
  • Industrial Construction
  • Others

 

  Industry verticals

 

  • Construction
  • Manufacturing
  • Healthcare
  • Hospitality
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global air duct market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global air duct market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global air duct market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global air duct market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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