Press release
HVAC air duct Market size to surpass around US$ 19.3 billion by 2031
HVAC air duct Market
Read more about HVAC air duct market here: https://www.globalinsightservices.com/reports/hvac-air-duct-market/
The global HVAC air duct market was valued at US$ 13.2 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 3.8% during the forecast period.
An air duct system consists of a pathway for conditioned air that is, cooled or heated by the ventilation, heating, and air conditioning system (HVAC). The air duct system consists of various components such as smoke & fire dampers, vibration isolators, volume control dampers, stack boots & heads, turning vanes, terminal units, plenums, and air terminals. The air ducts are mainly classified according to their use and requirement in various industries. The material used in air ducting used according to the requirement it can be Aluminium, Galvanized Steel, Polymers, Fiberglass, and Others. In addition, the shape of the air duct can be oval, rectangular, or round shape.
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Key Players
AASTHA ENVIRO SYSTEM PVT. LTD. (India)
AIR DUCT MANUFACTURING INC (U.S.)
AIRCARE (India)
AIRCARE SYSTEM AND SOLUTION INDIA PVT LTD. (India)
Durkeesox (Wuhan)Air Dispersion System Co., LTD (China)
Kaalflex Pvt. Ltd. (India)
Kingkraft Sheetmetal (Australia)
TEXAIR (Latvia)
US Duct (U.S.)
V.K. STEEL (India)
Global HVAC Air Duct Market Segmentation
By Product Type
Sheet Metal Ducts
Flexible Non-Metallic Ducts
Fiberglass Duct Boards
Others
By Application
Residential
Commercial
Industrial
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Market Drivers and Trends
Rising inclination toward green building technology and increasing number of data centers are propelling the growth of the HVAC air duct market. Green buildings offer many economic or financial benefits, which are relevant to a range of different people or groups of people. With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others, the demand for advanced HVAC systems is surging. 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. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market growth. Moreover, the growing number of data centers across the world is propelling the demand for HVAC system and subsequently driving the HVAC air ducts market growth.
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