January 02, 2020
According to the research report titled ‘Air Duct Market Size By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers), By Shape (Rectangular, Round, Oval), By Application (Office Spaces, Airport & Rapid transit, Retail stores & shopping complexes, Hospitality, Multiplex/Auditorium, Hospitals, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global air duct market is expected to cross USD 5.5 billion by the year 2025.
Escalating investments in infrastructure development, coupled with rising awareness towards environment conservation are major factors driving the air duct market growth. There has been a rise in adoption of air ducts by contract builders and government bodies since these ducts offer health benefits, better energy efficiency, and superior performance. Shifting consumer preference and favorable federal reforms pertaining to development of green infrastructure are aiding the expansion of the market.
As per material type, galvanized steel segment is expected to dominate the market during the estimated timeframe, since it is highly durable and can be molded into various shapes. Meanwhile, air duct market from fiberglass segment will hold 20% volume share by the year 2025. Fiberglass air ducts offer better energy conservation, condensation control, acoustic control, temperature control, and can distribute air efficiently.
In terms of shape, round air duct market will register significant growth during the forecast period, cites the report. These ducts are not only easier to clean but also exhibit low pressure drops. On the other hand, rectangular air duct segment is gaining momentum since it is easy to transport and install. It is extensively used for main trunks of HVAC system because of its flat surface which is viable for branching.
Based on application spectrum, air duct market from office space segment will hold the largest revenue share in the upcoming years, owing to significant adoption for efficient temperature control and better air circulation. Meanwhile, airport & rapid transit segment is estimated to be worth USD 1.1 billion by the year 2025. Surging need for efficient heating and cooling systems with fresh air circulation in airport is augmenting the segmental demand.
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Considering geographical landscape, air duct market is witnessing considerable growth in developing regions such as Middle East & Africa and Asia-Pacific. Rising adoption of HVAC systems in residential and commercial sectors, in tandem with numerous construction activities are contributing towards the popularity of the product across the two regions.
The prominent companies operating in air duct market are Set Duct Manufacturing, Tin Man Sheet Metal, Zinger Sheet Metal Co., Hennemuth Metal Fabricators, M&M Manufacturing, and ZECO Aircon Ltd. among others.
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