Hvac Air Duct Market

The global HVAC air duct market is expected to experience considerable increase and could develop substantially in the following years. Increase in health issues associated with deteriorating indoor air quality and rise in environmental concerns are some of the factors contributing significantly to the increased demand for HVAC air ducts in buildings. Furthermore, rise in infrastructure development and green building initiatives by various developing and industrialized nations around the world are presenting tremendous growth opportunities for the vendors in the global HVAC air duct market. HVAC air duct facilities can be seen in new airports, hotels, multiplexes, office buildings and fast transportation. Urbanization has led to an increase in the infrastructural development of cities; tall skyscrapers are often spotted in different cities.

Market Scope and Structure Analysis

HVAC air duct system consists of a path for conditioned air to be cooled or heated by the ventilation, heating, and air conditioning (HVAC) system. The HVAC air duct system consists of various components such as smoke and fire dampers, vibration isolators, volume control dampers, chimney collars and heads, baffles, termination units, plenums and air diffusers. The HVAC air duct are mainly classified according to their usage and requirement in different industries. The material used in air ducts can be aluminum, galvanized steel, polymers, fiberglass and others depending on the requirement. In addition, the shape of the HVAC air duct can be oval, rectangular or round.

COVID-19 Impact Analysis

•  COVID-19 pandemic has forced many companies including manufacturers and service providers halt the business operations to comply with new government rules and regulations. This halt in operations directly impacts the revenue flow of the market players.
•  Moreover, research scientists are unable to rule out the possibility of spread of coronavirus.
•  Consumers across the globe are confused whether HVAC air filtration systems protect them from COVID-19 exposure.
•  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.

Top Impacting Factors

• Increase in tall buildings and skyscrapers and increase in construction of commercial and residential buildings fuel the growth of the HVAC air duct market.  In addition, infrastructural dominance for hotels, restaurants and other commercial establishments has become a matter of reputation and prestige. This factor coupled with need for better air conditioning facilities has created new opportunities for market growth.
• Market Trend
•  An increase in commercial construction, and dwelling activities fuels the demand for HVAC air duct, which boosts the growth of the HVAC air duct market.
•  Rise in application of geothermal heat pumps across residential and commercial spaces, is providing lucrative opportunities for the growth of the HVAC air duct market. 
   

Key Benefits of the Report

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

 Hvac Air Duct Market Report Highlights