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The market growth of air ducts is expected to be driven by the advancements in HVAC systems with advanced computing technology such as IoT. With the rising market penetration of smart consumer electronics such as smartphones and tablets provided by robust wireless internet technology, smart HVAC systems are augmenting the market growth of air ducts. Factors such as remote control and transparency are leading the growth of the market. The introduction of smart technologies such as smart thermostats and sustainable retrofits, among others, minimise the negative effects on the environment. This is further adding to the growth of the market. The rising developmental projects and the increase in green infrastructure are further expected to aid the market growth of air ducts in HVAC systems in the forecast period.
In December 2021, Trane Technologies (NYSE: TT) announced the launch of new digital indoor environmental quality (IEQ) management solutions that provide the user with actionable insights for healthier and efficient indoor spaces. As an extension to the existing WellsphereTM technology, the company’s Indoor Air Quality Assessment services, remote monitoring services, and integrated controls and sensors adjust HVAC systems based on real-time quality indicators. Since air ducts are an essential part of HVAC systems, the market is growing on account of such developments by leading market players.
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The major players in the global air duct market are Lindab International, Compagnie de Saint-Gobain S.A., CMS Group of Companies, Fabric Air Inc, Imperial Manufacturing Group, KAD Air Conditioning L.L.C., and DMI Companies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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