Air Duct Market Expected to Reach $22.7 Billion by 2031 with a 4.8% CAGR Growth from 2022

The global air duct market, valued at $13.9 billion in 2021, is expected to grow to $22.7 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2031.

Air ducts play a crucial role in HVAC systems, facilitating the distribution of heated or cooled air throughout buildings. They contribute to ventilation and indoor air quality maintenance, filtering out contaminants like dust and pollen. The market is anticipated to recover by the end of 2022 as COVID-19 cases decrease and vaccination efforts continue.

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Increased consumer awareness regarding energy conservation, improved thermal comfort, and energy efficiency is driving demand for air ducts in residential and commercial construction markets. Materials like galvanized steel, aluminum, fiberglass, and polymers offer various advantages, such as high insulation and flexibility, catering to diverse project requirements. However, the growth of ductless equipment adoption poses a challenge to market growth.

Stringent environmental regulations and a growing focus on green building practices are driving demand for better-designed air duct products. Major players are adopting strategies like product launches and acquisitions to enhance their market positions. For instance, Pinnacle Ductwork launched a wholesale division in August 2020, offering a comprehensive range of ducting and HVAC products.

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The market is segmented by material, installation type, end-user industry, and region. Metallic ducts dominated the market in 2021, primarily driven by increased construction activities. Asia-Pacific held the highest market share due to industrialization and urbanization, particularly in countries like China and India. The commercial sector led in end-user industry revenue, fueled by the construction of official buildings and commercial complexes.

Key players in the air duct market include Aldes Group, Belimo Holding AG, Carrier Global Corporation, Danfoss, Honeywell International Inc., and others.

Stakeholders can benefit from the report's comprehensive analysis of market trends, dynamics, and competitive landscape, aiding in strategic decision-making and identifying growth opportunities.

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