HVAC air duct market Reach USD 17,502.6 Million by 2028 at 4.1% CAGR | Global Analysis by The Insight Partners

The HVAC air duct market was valued at US$ 13,213.7 million in 2021 and is projected to reach US$ 17,502.6 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.

The growing number of data centers across the world is propelling the demand for HVAC systems and subsequently driving the HVAC air ducts market growth. A few driving factors for the construction of data centers are an increase in the use of 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 increasing number of internet-connected devices for personal and commercial applications.

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Companies Profiled in this report includes: TIN MAN SHEET METAL FABRICATION, LLC; Hennemuth Metal Fabricators; Waves Aircon Pvt. Ltd.; DuctSox; Lindab; TurnKey Duct Systems; M&M Manufacturing; SetDuct; US Duct; and V.K. STEEL

Impact of COVID-19 Pandemic on HVAC Air Duct Market

The COVID-19 pandemic has been affecting most of the businesses across the globe. The continuous growth in the count of virus-infected patients compelled government authorities of various countries to restrict the movements of humans, goods, and commodities by imposing travel restrictions, mass lockdowns, and business shutdowns. Imposition of lockdown has resulted in lesser production of commodities and goods, and lowered the frequency of service offerings. Manufacturing, automotive, semiconductor & electronics, oil & gas, aviation, mining, and other industries have witnessed a notable decline in their revenues due to the temporary shutdown of operations. In the first quarter of 2020, after the imposition of nationwide lockdown in most of the nations, many industrial sectors came to a standstill. HVAC air duct is extensively used in laboratories and in various industries such as pharmaceutical, food, electronic & semiconductors, and manufacturing industry. Demand for HVAC air duct at various small & medium enterprises was also affected negatively. However, after the situation comes to normalcy, the HVAC air ducts market is expected to grow remarkably across the world during the forecast period.

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Key Findings of Study:

The global HVAC Air Duct Market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The market in Europe is subsegmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Compared with the Nordic and Eastern European countries, Western European countries are more developed and technologically advanced. The market growth in the region is largely attributed to the growing demand for HVAC air ducts in hotels, restaurants, office buildings, and medical centers as well as in the food & beverages industry. The number of airports being constructed is expanding at a steady rate to accommodate the increasing footfall, which would drive the market growth in the coming years. Further, the rising adoption of green building technology across Europe is expected to fuel market growth during the forecast period. Many residential and commercial sector architects and governments implement green buildings technology owing to its various benefits, such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment. Subsequently, the demand for HVAC systems is expected to increase due to the application of renewable energy for heating and ventilation of premises.

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