Press release
Air Duct Market - Demand and Geographical Forecast to 2025 | ZECO Aircon, M&M Manufacturing, Hennemuth Metal Fabricators, Zinger Sheet Metal
Air Duct Market
Air Duct Market is expected to exceed USD 5.5 billion by 2025. Growing consumer concern for energy conservation coupled with rising private investment in the development of infrastructural activities is likely to bolster the global market growth.
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Air ducts offer superior performance and better energy efficiency coupled with health benefits which enables the government bodies and professional contract builders to gradually adopt HVAC equipment to enhance energy consumption. A radical shift from oil & gas sector to construction sector in the developing countries of the Middle East region has created lucrative opportunities for the air duct manufacturers. For instance, with upcoming events such as 2022 FIFA World Cup and Expo 2020 in Qatar, there is a substantial demand for HVAC technologies in the region.
Apart from round shape, rectangular shape air duct is gradually gaining considerable market position in the global air duct market and is the most commonly shape used due to its easy transportation and fitting. It is widely used in manufacturing the HVAC systems main trunks as it offers flat surfaces for branches to be easily connected to the system. Also, for large duct areas, round shaped air duct is considered as a viable option owing to its ability to assemble easily when compared to round fittings.
Fiberglass material is likely to gain more than 20% volume share by 2025 owing to its ability to efficiently distribute air. Also, it offers better temperature control, acoustic control, condensation control, and better energy conservation. It is used to maintain high indoor air quality and comfort.
Airport end-user segment will be valued more than USD 1.1 billion in the following years. Airport are mainly in contact to air pollutants created by exhaust gases from aircrafts, fuel delivery systems, and buses. Thus, it creates a need to provide an effective heating and cooling along with fresh air circulation in airports buildings which further drives the demand for air ducts.
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Some major findings of the air duct market report include:
o Rising adoption of green building initiatives pertaining to the environmental benefits of energy conservation is the prime driver of air duct market.
o The galvanized steel duct material segment is estimated to gain the largest market share in the coming years on account of its ability to convert into various shapes and high durability properties.
o Round shape is the most preferred air duct used and is likely to account for the largest market share by 2025 as they are easier to clean and exhibit low pressure drops.
o The office space end user is expected to gain the highest revenue by 2026 owing to significant investment in service sectors and air ducts offer better air circulation and temperature control to the employees.
o Major players operating in the air duct market are ZECO Aircon Ltd., M&M Manufacturing, Hennemuth Metal Fabricators, Zinger Sheet Metal Co., Tin Man Sheet Metal, and Set Duct Manufacturing.
o Companies are engaged in expansion, investments, and mergers & acquisitions for expanding their business operations and to gain competitive advantage
Mergers & acquisitions, product innovation, and investment are some of the key strategies adopted by the air duct manufactures to gain profitability and significant market position in the air duct market.
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