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Air Duct Market Share & Growth Drivers during 2018 – 2024, Leading Players: Lindab, CMS Global, ALAN Manufacturing, Imperial Manufacturing
Air Duct Market
Air Duct Market size is projected to observe notable demand owing to growing consumer awareness associated with energy conservation. Enhanced thermal barrier from outdoor ambience along with effective indoor temperature control of the building are among key factors driving industry growth. Rising demand for HVAC equipment accompanied by growth in residential & commercial constructions will propel the product demand.
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Air duct is a specialized HVAC system extensively used as energy intensive equipment in various infrastructures. These are conduits or passages utilized in HVAC to enhance efficient ventilation and distribution of air. Supply, return and exhaust channels are required constituents in HVAC systems that flow through these channeling components. Growing product recognition as a suitable technique to ensure acceptable IAQ levels as well as thermal comfort will drive air duct market size.
Shifting trend towards fabric & insulated systems including flexible insulated channel and fibrous components particularly in new constructions will stimulate air duct market share. Rising product demand due to increasing emphasis on energy conservation and home performance contracting will support business growth. Heavy R&D spending resulting in product innovations in insulated machineries including fiberglass and highly flexible equipment will drive the air duct demand. Moreover, mold resilient properties during production and installation will propel industry growth.
Increasing preference for eco-friendly systems by construction firms to ensure building codes & standards with existing distribution network will fuel industry demand. Stringent regulations for energy conservation particularly in construction industry will support the product demand, Additional, implementation of various accreditations including Leadership in Energy and Environmental Design (LEED) certification and Energy Star designation is expected to propel air duct market size.
On the basis of material, air duct market is segregated into sheet metal, flexible nonmetallic and fiberglass boards. Among these, sheet metal is projected to gain largest industry share owing to growing recognition for high leakage standards and lower noise levels. Moreover, steel metal is extremely durable, rigid, posse low foldability and are least expected to witness any mold or biological growth due to its non-porosity.
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North America air duct market will witness notable gains in forecast period. Increasing construction of residential and commercial buildings along with growth in public infrastructure spending will propel the industry demand. Inclination towards energy conservation coupled with regulatory support for green buildings will support product demand.
Global air duct market share is highly diversified and competitive owing to large presence of local and international industry participants. Key industry players include:
• Lindab
• CMS Global
• Ductmann Spiral Tube & Fittings
• Imperial Manufacturing
• ALAN Manufacturing Naudens
• SheetMetal Fabricated Products
• ZEN Industries
• Texas Duct Systems
These companies are gradually focusing on innovations that have advanced quality to meet customer’s expectations comprising reliability, high performance and timely delivery. Moreover, high capital investments in manufacturing advanced channeling design and machineries poses a key challenge for industry entrants.
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