Saudi Arabian Air Duct Market Is on Track to Reach USD 74.8 Million by 2030

The Saudi Arabian government unveiled the Saudi Vision 2030, a plan for the country's multibillion-dollar development projects. The Diriyah Gate Development, Red Sea Development, and NEOM Project are a few of the significant infrastructural initiatives.

All of these are projected to result in the infrastructure sector rebound and increased demand for air ducts in both residential and commercial settings. Moreover, sales of HVAC appliances and parts in the Kingdom are driven by the growing infrastructure and urban development as well as the construction of residential units. According to P&S Intelligence, the Saudi Arabian air duct market is expected to reach USD 74.8 million by 2030.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/saudi-arabia-air-duct-market/report-sample

The growing population, extreme weather, and increasing healthcare issues are some other significant drivers for both domestic and international firms to engage in Saudi Arabia's HVAC and associated component market.

Furthermore, it is projected that in the future, expenditure on infrastructure development would increase as attempts are made to lessen the nation's reliance on the oil industry. Through a number of initiatives, including infrastructure development, the ambitious Saudi Vision 2030 program seeks to boost the country's economy and boost product sales, particularly in the commercial and residential sectors, which heavily rely on centralized cooling.

The need for eco-friendly building designs will also increase the demand for air ducts since they limit leakages and reduce energy losses. In addition, the country's high energy efficiency standards, growing worries about the price of power, and surging attention to sustainability are contributing to this trend.

Galvanized Steel Holds Largest Market Share

The market for air ducts in Saudi Arabia is divided into four categories based on material: aluminum, galvanized steel, fiberglass, and plastics. Among these, in 2021, galvanized steel accounted for the largest share, of about 55%. Moreover, galvanized steel's extended lifespan, durability, and low maintenance requirements are driving its demand.

The hospitality sector will grow at a CAGR of almost 10% in the coming years. This can be because the Saudi government is taking more and more steps to promote tourism as part of the Vision 2030 program.

Browse full report at: https://www.psmarketresearch.com/market-analysis/saudi-arabia-air-duct-market

Furthermore, sales will rapidly increase in western Saudi Arabia in the years to come, with a rate of over 9%. This can be because numerous substantial leisure projects are under progress on the western coast, which has been chosen to be the country's new leisure area due to its outstanding biodiversity.

Number of Data Centers Is Increasing

The need for HVAC systems and, consequently, air ducts, is being favorably influenced by the escalating count of data centers around the Kingdom. The growth of the internet, the establishment of internet protocol as a standard for computer communication, and the development of web technology are the main forces behind the building of data centers. These developments have also sparked a number of widespread commercial ventures, which, in turn, will drive the demand for air ducts in Saudi Arabia.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blogs: https://worldwideanalysistrends.blogspot.com/
Follow Us: https://www.linkedin.com/company/pnsintelligence/

This release was published on openPR.