Press release
Global Steam Duct Market Evaluation Targets Top Key Players, Revenue, Supply & Demand Rate and Advancement Anticipated until 2027
Fact.MR
The research report covers analysis and actionable insights on various market facets. Various trends, government regulations, key developments, drivers and opportunities that have a positive impact on the growth of the global steam duct market have been covered. Moreover, analysis on key participants in the global steam duct market, for instance, their product developments, their target markets, their SWOT analysis, their expansion plans, their product portfolio and financials have been covered in this report. Global steam duct market research report includes profiles of Boxer, Raley Brothers, Airetech, Nortec and CORS-AIR, to name a few market participants.
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Recent Government Regulations to Initiate Code Changes for Steam Duct Systems
Governments have initiated code changes to ensure efficient air circulation and ventilation systems. With respect to commercial buildings, ASHRAE 90.1 that provides standards for energy efficiency with respect to design of buildings. In 2016, ASHRAE 90.1 standards were upgraded to reflect efficient and new technologies. Upgraded ASHRE 90.1 includes standards for steam duct testing and performance testing. ASHRAE 90.1 codes are adopted by International Green Construction Code (IGCC) and also are followed by International Energy Conservation Code (IECC). The amount of duct to be tested and the amount of leakage to be allowed is governed by these codes. With rising trend of green buildings, commercial properties have been using low pressure steam ducts that are energy efficient.
In 2017, Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) presented an updated version of standards for HVAC duct construction. Its fourth edition covers several updates that radiate innovations taking place impacting the installation, repair and construction of HVAC duct work. For instance, aerosol duct sealing has been introduced, which is a viable substitute for manual and traditional sealing methods.
Increasing Use of Steam Ducts for Room Ventilation and Heating to Trigger Sales of Steam Ducts for Residential Applications
In cold countries, such as Finland, Iceland, Estonia, Russia, Canada and United States, the use of efficient ventilation systems has been observed. Steam ducts for residential purposes essentially mean the integration of steam ducts with home ventilators, wherein steam passes through the duct. With open vents in homes, this steam is supplied to rooms, making the warm. This assembly offers increased efficiency in home heating applications and is gaining wide acceptance. This is expected to trigger sale of steam ducts at a significant rate in the coming years.
To know more about the Steam Duct Market Trends, Visit the link- https://www.factmr.com/report/612/steam-duct-market
Growth in Oil Refining Sector to Offer Steam Ducts a Potential Impetus
According to International Energy Agency (IEA), the demand for oil has risen since 2010. The demand for oil, according to IEA is expected to expand at 1.4 mb/d by 2018 end. With this increasing demand for oil, the supply side becomes crucial. Crude oil contains impurities that need to be removed. With increasing crude oil refining processes, the demand for steam ducts is expected to increase at a significant rate in the coming years, as high temperature steam is required to be blown on crude oil to remove impurities. This is expected to aid the growth of the global market.
The research report on global steam duct market includes a historical analysis of the global market along with current market data as well as covers future trajectory of the market with respect to application of steam ducts and their adoption in the coming nine years. The base year being 2018, market forecasts are carried out till 2027 reflecting a holistic understanding of the global market that can support the reader in planning future moves.
Regional Segments Analyzed Include
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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