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Global Air Duct Market to Grow at a CAGR of 4.60% During the Forecast Period of 2022-2027, Aided by Technical Advancements in HVAC Systems

According to a new report by EMR titled, ‘Global Air Duct Market Report and Forecast 2022-2027’, the global air duct market attained a value of about USD 8.9 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.60% to reach nearly USD 11.7 billion by 2027.

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.

Market Analysis by Type, Shape, Application, and Region:

  • Based on type, the market can be divided into galvanised steel duct, aluminium duct, flexible duct, and fabric duct, among others. 
  • Based on shape, the market can be categorised into round, half-round, square/rectangle, and triangular, among others. 
  • On the basis of application, the market can be segmented into public facilities, commercial facilities, and industrial facilities, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising adoption of HVAC systems in residential spaces to circulate clean air by removing unwanted particles such as dust, pollen, and viruses from the enclosed space.
  • Air ducts are increasingly deployed in large commercial spaces such as hospitals, gyms, banquets, and hospitals to avoid suffocation by providing fresh and cool air in crowded spaces, thereby favouring the market growth.
  • Air ducts are commonly found in residential spaces to remove unwanted odours like cooking smells and pet smells, among others, which are providing impetus to the market.
  • Advancements in HVAC systems such as IoT and sustainable features are expected to surge the deployment in various commercial and residential spaces in the following years, thus pushing the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global air duct industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, shapes, applications, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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