Air Duct Market

COVID-19 Impact on Air Duct Market in 2020 – Know the Forecast Demand till 2026.

The global “Air Duct Market” size is projected to reach USD 11.61 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. Growing prominence of smart air purifying technologies in urban areas worldwide will prove favorable for the development of this market, finds Fortune Business Insights™ in its new report, titled “Air Duct Market Size, Share & COVID-19 Impact Analysis, By Type (Galvanized Steel, Aluminum, Flexible, Fabric and Others), By Shape (Round, Half Round, Square/Rectangular, Triangular and Others), By Application (Public Facilities, Commercial Facilities, Industrial Facilities and Others), and Regional Forecast, 2020-2027”.

Smart HVAC systems are automated air filtration and purifying units that can be remotely regulated to reduce energy consumption in commercial buildings. According to the Building Performance Institute-Europe (BPIE), smart ventilation technologies can bring down energy consumption in residential buildings by 27% and save around 23% energy in offices. The International Energy Agency’s 2017 report “Digitalization and Energy Savings” suggested that digitized buildings can cumulatively save 10% of the total energy consumption in commercial and residential spaces by 2040. Heating, ventilation, and air conditioning (HVAC) air ducts will inevitably play a crucial role in this context as the global movement towards sustainable development intensifies in the coming years.

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As per the report findings, the market value stood at USD 8.28 billion in 2019. The report also contains the following:

  • Intelligent insights into the upcoming market trends and opportunities;
  • Detailed analysis of the key market drivers and restraints;
  • Microscopic study of all market segments; and
  • Comprehensive evaluation of the regional dynamics and competitive landscape of the market.

List of Players Covered in Air Duct Market Report

  • Advanced Mechanical Inc. (United States)
  • Kingspan Group (Ireland)
  • FabricAir (Denmark)
  • Imperial Manufacturing Group (Canada)
  • CMS Group of Companies (United Arab Emirates)
  • Lindab (Sweden)
  • Aldes Group (France)
  • FläktGroup Holding GmbH (Germany)
  • KAD AIR CONDITIONING (BIN DASMAL GROUP) (United Arab Emirates)
  • THERMAFLEX (United States)
  • Saint-Gobain Performance Plastics (ISOVER) (France)

Click here to get the short-term and long-term impact of COVID-19 on Air Duct market.

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Market Driver

Growing Demand for High-Efficiency HVAC Systems to Boost the Air Duct Market

Heating, ventilation, and air conditioning consume enormous amounts of energy in urban spaces. According to the US Small Business Administration, HVAC systems account for 40% of the energy used in commercial buildings. The US Department of Energy further notes that residential energy consumption is responsible for twice as much greenhouse gas (GHG) emissions as cars. As a result, there is growing clamor for the replacement of conventional duct systems, which are known to cause massive energy losses, especially in commercial buildings where air conditioning and heating are functioning throughout the day. Replacement or up-gradation of these systems will not only be environmentally attractive, but it will also be economically viable. For example, Energy Star-certified HVAC systems consume only half the energy that their conventional counterparts use and thus reduce utility bills by a substantial margin.

Segmentation of Air Duct Market:

By Type

  • Galvanized Steel Duct
  • Aluminum (Al) Duct
  • Flexible Duct
  • Fabric Duct
  • Others (PVC Duct, etc.)

By Shape

  • Round
  • Half Round
  • Square
  • Triangular
  • Others (Customized, etc.)

By Application

  • Public Facilities
  • Commercial Facilities
  • Industrial Facilities
  • Others (Government Buildings, etc.)

By Region

  • North America (U.S., Canada, and Mexico)
  • Europe (Germany, France, U.K., Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, and Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)

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Table of Content Air Duct Market:

1. Introduction

  • Definition, By Segment
  • Research Approach
  • Sources

2. Executive Summary

3. Market Dynamics

  • Drivers, Restraints and Opportunities
  • Emerging Trends

4. Key Insights

  • Macro and Micro Economic Indicators
  • Consolidated SWOT Analysis of Key Players
  • Porter’s Five Forces Analysis
  • COVID-19 Outbreak: Impact on Air Duct Market

5. Global Air Duct Market Analysis, Insights and Forecast, 2016-2027

5.1 Key Findings / Summary

5.2 Market Size Estimates and Forecasts

5.2.1 By Type (Value)

  • Galvanized Steel Duct
  • Aluminium (Al) Duct
  • Flexible duct
  • Fabric Duct
  • Others (PVC Duct, etc.)

5.2.2 By shape (Value)

  • Round
  • Half-round
  • Square/Rectangular
  • Triangular
  • Others (Customized, etc.)

5.2.3 By Application (Value)

  • Public Facilities
  • Commercial Facilities
  • Industrial Facilities
  • Others (Government Buildings, etc.)

5.2.4 By Region (Value)

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

TOC Continued….!

Competitive Landscape

Strategic Mergers among Companies to Stir Competitive Spirits

Some of the key players in Air Duct Market are merging with each other to enlarge their market share and deepen their market footprint. This strategy is also allowing the merging companies to widen their client base and broaden their market reach.

Industry Developments:

  • December 2019: The French ventilation veteran, Aldes Global, is merging its Aldes Canada and American Aldes into one unified brand to be known as Aldes North America. The amalgamation will allow the company to expand its presence strategically across North America and strengthen its network in the region.
  • January 2019: LG Electronics showcased its smart building solutions for residential spaces at the 2019 AHR Expo in Atlanta. Among these, the company’s most standout product was the AC Smart 5 Controller, its new home connectivity solution for seamless indoor environment regulation.

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Reasons to Purchase this Report:

  • Comprehensive analysis of the Wearable Medical Devices Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Wearable Medical Devices Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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