Demand For Europe HVAC Air Ducts Is Anticipated To Increase At A Volume CAGR Of 5.1% Over The Period Of 2021 To 2028

The Europe HVAC air ducts market is expected to grow from US$ 3,547.95 million in 2021 to US$ 5,009.27 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.

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The growing number of data centers across the region is positively favoring the demand for HVAC system and subsequently driving the HVAC air ducts market. Major driving factors for the construction of data centers are an increase in the use of the internet, the emergence of internet protocol as a common computer communication standard, and the continued advancements of web technology, which have served as catalysts for several common business initiatives. Another factor contributing to the surge in data center construction is the increase in the number of internet-connected devices for personal as well as commercial applications. Business professionals have started switching to wireless personal digital assistants (PDA) along with their mobile phone connection. Similarly, multiple PCs and wireless networks are frequently in use. Subsequently, the trend of more devices per user is driving the need for additional network connectivity and data center expansion. With the increasing data storage requirement, the construction of data centers is on the rise across the region. Hence, the above-mentioned factors have propelled the demand for HVAC air ducts as data centers are among the prime users of HVAC systems.

In 2020, the impact of COVID-19 differed from nation to nation across the European region. In the region, major countries which were affected by the pandemic of COVID-19 are the UK, Italy, Russia, France, Germany, and Spain. Due to increasing number of recorded cases, some of these nations had to impose stringent and longer lockdown along with social isolation. Due to the robust healthcare system, western European countries were less affected as compared to other European countries. To protect the citizens from the deadly virus, the European government authorities made all the required investments for incorporating respective technologies in the healthcare systems to help identify signs of the virus. As per the estimates by the United Nations World Tourism Organization, tourism sector in EU alone suffered economic losses approximately worth EUR 1 billion per month. Thus, the requirement of HVAC air ducts needed at various lodges, hotels motels and resorts decreased considerably. Additionally, in 2021, with easing of respective restrictions and the ongoing vaccination drive, HVAC air ducts market is recovering gradually.

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Leading Companies Reviewed in The Market‎ Report Are:
DuctSox
Lindab
Waves Aircon Pvt. Ltd.

Europe HVAC Air Ducts market – by Application:
Commercial
Residential
Industrial

Europe HVAC Air Ducts market – by Product Type:
Sheet Metal Ducts
Flexible Non-Metallic Ducts
Fiberglass Duct Boards
Others

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This release was published on openPR.