Press release
Air Duct Market Witness Robust Expansion with Current Industry Dynamics to Reach $22.7 Bn by 2031
An air duct is a system of tubes or channels designed to convey air from one location to another. They are commonly used in HVAC (Heating, Ventilation, and Air Conditioning) systems to distribute conditioned air throughout buildings, homes, and various other spaces. Air ducts play a crucial role in maintaining indoor air quality, temperature regulation, and overall comfort.The air duct market size was valued at $13.9 billion in 2021, and is estimated to reach $22.7 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
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Increase in health issues associated with deteriorating indoor air quality and rise in environmental concerns are some of the factors contributing significantly to the increased demand for air ducts in buildings. Furthermore, surge in infrastructure development and green building initiatives by various developing and industrialized nations around the world are anticipated to boost the air duct market opportunity. HVAC air duct systems can be found in new airports, hotels, multiplexes, office buildings and fast transportation is expected to surge the air duct market growth.
Air duct system consists of a path for conditioned air to be cooled or heated by the ventilation, heating, and air conditioning (HVAC) system. The air duct system consists of various components such as smoke and fire dampers, vibration isolators, volume control dampers, chimney collars & heads, baffles, termination units, plenums, and air diffusers. The material used in air ducts can be aluminum, galvanized steel, metallic, non-metallic, and others depending on the requirement. In addition, the shape of the air duct can be oval, rectangular, or round.
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Asia-Pacific accounted for largest share of the global air duct market share in terms of revenue in 2021, owing to increase in industrialization and rapid urbanization in countries such as China, India, Vietnam, and Indonesia that boost the growth of construction activities, which further fuel the growth of the market.
In addition, increase in number of tall buildings & skyscrapers and rise in construction of commercial & residential buildings fuel the growth of the air duct market. In addition, infrastructural dominance for hotels, restaurants, and other commercial establishments has become a matter of reputation and prestige. This factor coupled with need for better air conditioning facilities has created new opportunities for market growth.
Top Players:
Aldes Group, Belimo Holding AG, Breffni Air Ltd, Carrier Global Corporation, Centuri Mechanical Systems, Danfoss, DMI Companies, Fabric Air, Hennemuth Metal Fabricators, Honeywell International Inc., Imperia Manufacturing Group, Pinnacle ductwork, Schneider Electric, Siemens AG, Thermaduct, Thermaflex, Zinger Sheet Metal Co.
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