HVAC Air Ducts Market Size ($ 17,502.6M by 2028) Driven by Green Building Technology (4.1% CAGR) Impact of the Coronavirus Outbreak and Global Analysis and Forecast by TheInsightPartners.com

The HVAC Air Ducting market size is expected to reach $ 17,502.6 million by 2028, from $ 13,213.7 million in 2021 to grow at a CAGR of 4.1% from 2021 to 2028; while global market growth is being driven by the increasing adoption of green building technologies and the increasing number of data centers.

New York, October 29, 2021 (GLOBE NEWSWIRE) –

HVAC Air Duct Market: Key Findings
According to our new research study, too HVAC Duct Market Size and Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Sheets and Others) and Application (Commercial, Residential and Industrial).

Report coverage

details

Market size value in

$ 13,213.7 million in 2021

Market size value according to

$ 17,502.6 million by 2028

Growth rate

CAGR of 4.1% from 2021 to 2028

Forecast period

2021-2028

Base year

2021

number of pages

134

No tables

56

Number of diagrams & illustrations

73

Historical data available

Yes sir

Covered segments

Product type and application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country area

USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Sales forecast, company ranking, competitive landscape, growth factors and trends

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HVAC Air Duct Market: Competitive Landscape and Key Developments
TIN MAN SHEET METAL FABRICATION, LLC; Hennemuth Metal Fabricators, Waves Aircon Pvt. GmbH.; DuctSox, Lindab, TurnKey Duct Systems, M&M Manufacturing, SetDuct, US Duct and VK STEEL are among the main players presented in this market study. Additionally, several other key market players have been studied and analyzed for a holistic view of the global HVAC Air Ducting market and its ecosystem.

The increasing use of geothermal heat pumps (GHP) in residential and commercial buildings offers manufacturers of HVAC air ducts lucrative opportunities. Geothermal heat pumps are enjoying increasing popularity in the market due to their highly efficient renewable energy technology that both heats and cools by utilizing stable temperatures from the earth. GHP system is a central heating or cooling system that pumps heat to or from the floor. It uses the earth as a heat source (in winter) or as a heat sink (in summer). The technology is widely used for heating and cooling buildings, and its widespread adoption is expected to increase the demand for HVAC air ducts in the years to come. Increasing construction activity, particularly in the mid-size construction sector in Australia and New Zealand, is driving demand for HVAC ducts. The number of office complexes and shopping malls is rapidly increasing in India, resulting in an increasing installation of HVAC air ducts in the country.

The story goes on

In 2020, the effects of the COVID-19 pandemic across Europe varied from country to country. In the region, the UK, Italy, Russia, France, Germany and Spain are among the main countries affected by the pandemic. Due to the increasing number of COVID-19 confirmed cases, many of these nations have imposed severe and prolonged lockdowns and social isolation. Due to the robust health system, Western European countries were less affected than other European countries. To protect citizens from the deadly virus, European government agencies have made all the necessary investments in integrating technologies into health systems to detect signs of the virus. According to estimates by the United Nations World Tourism Organization, the EU tourism sector alone suffered economic losses of around US $ 1.22 billion per month. As a result, the need for HVAC air ducts, which are required in various lodges, hotels, motels and resorts, has decreased significantly. In addition, the HVAC Air Ducting market is gradually recovering in 2021 with the relaxation of respective restrictions and ongoing vaccination campaigns.

Download a sample PDF brochure on the HVAC Air Duct Market Sizes and Growth Research Report at https://www.theinsightpartners.com/sample/TIPRE00022929/.

Increasing technological advances in HVAC systems will fuel the growth of the HVAC Air Ducting market in the coming years:
It is expected that the evolving technology in HVAC systems will soon drive the demand for HVAC air ducts. The increasing adoption of advanced technologies such as the Internet of Things (IoT) in HVAC systems is expected to fuel the growth of the HVAC Ducting market over the forecast period. The new HVAC technologies that use IoT are equipped with sensors and software that allow the HVAC system to exchange data with other connected devices. IoT systems are expected to improve preventive maintenance by collecting data on air quality and device status. IoT technology will also bring more automation to HVAC systems by integrating its functions with other virtual assistant devices such as Alexa to change the temperature via voice. Hence, with the advent of IoT in HVAC systems, these systems are expected to provide predictive maintenance alerts to users before a real problem occurs. There will also be more automation functions in HVAC systems. Therefore, the above technological trends are expected to increase the demand for HVAC systems and thereby fuel the growth of the HVAC duct market.

HVAC Air Ducts Market: Sheet Metal Ducts Overview
The sheet metal channels are available in different sizes and shapes, for example rectangular and cylindrical. The sheet metal channel has a rigid structure, which has the advantage of less risk of kinks or bends. However, the stiffness makes it less suitable for tight or tricky spaces. These channels are made of either galvanized steel or aluminum. The mold-resistant nature of the non-porous material used in sheet metal ducts is the pre-eminent factor driving market growth for the sheet metal duct segment. Easy-to-clean smooth surfaces, durability and low weight are also the main features of sheet metal ducts that are driving market growth in this segment.

The availability of advanced software for ducting and precast sheet metal design is flourishing in the commercial and residential sectors. The increasing demand for HVAC systems in the commercial industry in the United States is supporting market growth. To meet the growing demand for HVAC equipment, leading market players and distributors are expanding their reach in the United States with new partnerships and cooperation strategies. For example.

To order a copy of the market report on the market size, share, strategic insights and forecasts 2021-2028 at https://www.theinsightpartners.com/buy/TIPRE00022929/.

Key Questions Regarding Inquiry For The HVAC Air Duct Market:

  • What are the reasons for the growth of the HVAC Duct market?

  • What are the market opportunities for the HVAC Air Ducting Market?

  • Which product type is likely to dominate the market in the forecast period?

  • Which application is likely to dominate the market in the forecast period?

  • Which region is expected to dominate the HVAC Air Ducting Market during the forecast period?

  • What trends are expected to drive demand for various HVAC air ducts?

About us:
The Insight Partners is a one-stop industry research provider for actionable information. We help our clients find solutions to their research needs through our syndicated and consultative research services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.

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