Air Duct Market By Material (Metallic, Non-metallic), By Installation type (New installation, Retrofits), By End-user industry (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global air duct market size was valued at $13,880.1 million in 2021, and is projected to reach $22,659.5 million by 2031, registering a CAGR of 4.8% from 2022 to 2031.
Air duct is an essential tube that connects the HVAC system with air vents throughout the house. Air ducts facilitate necessary ventilation and help to maintain indoor air quality as well as thermal comfort. Air duct systems prevent air contamination by filtering the external air and thus removing dust, dirt, pollen, and other air contaminants. Leakages in air ducts can compromise the quality of supply air and cause health problems. Air ducts help to optimize the energy consumption of a building.
Rise in consumer awareness regarding energy conservation, improved thermal comfort, and energy efficiency are factors that are expected to help boost the demand for air duct in both residential and commercial construction markets. In addition, galvanized steel air ducts are suitable for high-temperature applications. Aluminum ducts are often used for kitchen chimney ventilation and light-duty applications. Air ducts made from materials such as fiberglass and polymers provide higher insulation and flexibility as desirable properties and are thus growing in popularity in new age infrastructure projects, which is expected to boost the air duct market growth. However, the growth in adoption of ductless equipment is a major restraining factor for the growth of the global air duct market.
The market is segmented on the basis of material, installation type, end-user industry, and region. On the basis of material, the market is divided into metallic and non-metallic. On the basis of installation type, the market is bifurcated into new installation and retrofits. On the basis of end-user industry, the market is categorized into residential, commercial, and industrial. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the air duct market are Aldes Group, Belimo Holding AG, Breffni Air Ltd, Carrier Global Corporation, Centuri Mechanical Systems, Danfoss, DMI Companies, Fabric Air, Hennemuth Metal Fabricators, Honeywell International Inc., Imperia Manufacturing Group, Pinnacle ductwork, Schneider Electric, Siemens, Thermaduct, Thermaflex, and Zinger Sheet Metal Co.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the air duct market analysis from 2021 to 2031 to identify the prevailing air duct market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the air duct market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global air duct market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
Non-metallic
Metallic
System type
Centralized
Decentralized
By Installation type
New installation
Retrofits
By End-user industry
Residential
Commercial
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest Of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Aldes Group
Belimo Holding AG
Breffni Air Ltd
Carrier Global Corporation
Centuri Mechanical Systems
Danfoss
DMI Companies
Fabric Air
Hennemuth Metal Fabricators
Honeywell International Inc.
Imperia Manufacturing Group
Pinnacle ductwork
Schneider Electric
Siemens AG
Thermaduct
Thermaflex
Zinger Sheet Metal Co
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