Press release
Boom in Construction Activities a Prominent Growth Driver in the Global HVAC Air Ducts Market
MarketResearchReports.biz has added a new report to its repository, titled, “Global HVAC Air Ducts Market 2017-2021.” The report examines the market in-depth to understand its size and scope. It also sheds light on the current competitive dynamics in the market.
The report forecasts the global market for HVAC air duct to expand at a 5.25% CAGR from 2017 to 2021.
Heating, ventilation, and air conditioning (HVAC) systems help to heat or cool residential, commercial or industrial buildings. They also help to provide fresh outdoor air to dilute interior airborne contaminants such as odors, volatile organic compounds (VOC’s) emanating from interior furnishings, and chemicals used for cleaning, among others. The report finds that the booming construction industry is a frontrunner in driving demand in the global market for HVAC air ducts. Other factors such as growing awareness of energy conservation and strict regulations pertaining to the environment are also driving the market.
Countering the growth in the market, on the other hand, is the steep upfront capital required to install HVAC air ducts. Besides, the economic slowdown in China – a key market – a short while back also crimped the market’s growth to some extent. Some of the recent noticeable trends in the market are increased green construction spending, effective HVAC duct sealing, and rising use of fabric and insulated ducts.
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Having shed light on the growth drivers, restraints, and prevalent trends in the global market for HVAC air ducts, the report goes on to segment it based on different parameters and study each segment in details. Depending upon the types of materials, for example, it segments the market into sheet metal ducts, fiberglass duct boards, and flexible non-metallic ducts.
Depending upon geography, the key segments of the global market for HVAC air ducts are the Americas, the Asia Pacific, and Europe, Middle East and Africa. Among them, Asia Pacific dominates the market and will likely continue doing so in the foreseeable future owing to the rising investments in the real estate sector brought about by infrastructure development.
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In order to gauge the current competitive landscape in the global market for HVAC air ducts, the report leverages SWOT analysis to understand the strengths and weaknesses of major players and the opportunities and threats awaiting them. The global market for HVAC air ducts is highly competitive and diversified on account of the presence of numerous regional and international vendors across the globe. In order to outsmart their competitors, the vendors are increasingly focusing on quality products that guarantee high performance and reliability.
Some of the key players profiled in the report are CMS Global, DuctSox, Lindab, Airmake Cooling Systems, Ductmann Spiral Tube and Fittings, KAD Air Conditioning, and ZEN Industries.
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