HVAC Air Duct Market is expected to grow at USD 19.3 billion By 2031 | AIRCARE (India), AIRCARE SYSTEM AND SOLUTION INDIA PVT LTD

The global HVAC air duct market was valued at US$ 13.2 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 3.8% during the forecast period.

Get Access to A Free Sample Copy of Our Latest Report – https://www.globalinsightservices.com/request-sample/GIS10482

An air duct system consists of a pathway for conditioned air that is, cooled or heated by the ventilation, heating, and air conditioning system (HVAC). The air duct system consists of various components such as smoke & fire dampers, vibration isolators, volume control dampers, stack boots & heads, turning vanes, terminal units, plenums, and air terminals. The air ducts are mainly classified according to their use and requirement in various industries. The material used in air ducting used according to the requirement it can be Aluminium, Galvanized Steel, Polymers, Fiberglass, and Others. In addition, the shape of the air duct can be oval, rectangular, or round shape.

Air duct technology has its application in rapid transportation, airports, and an increase in adoption of construction equipped with air duct technology. The air ducting is adopted by government offices, hospitals, Multiplex, shopping malls, manufacturing units, and transportation systems. Some advantages of having air ducting are, it creates a clean living environment that reduces dust in the premises and maintains hygiene that reduces the efforts of cleaning the interior. In addition, air not only contains specks of dust but many other harmful micro-organisms and contaminants such as bacteria, mildew, pet dander, pollen, mold spores, and other toxins.

Market Drivers and Trends

Rising inclination toward green building technology and increasing number of data centers are propelling the growth of the HVAC air duct market. Green buildings offer many economic or financial benefits, which are relevant to a range of different people or groups of people.

Get Customized Report as Per Your Requirement – https://www.globalinsightservices.com/request-customization/GIS10482

With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others, the demand for advanced HVAC systems is surging. Many residential and commercial sector architects and governments implement green buildings technology owing to its various benefits, such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market growth. Moreover, the growing number of data centers across the world is propelling the demand for HVAC system and subsequently driving the HVAC air ducts market growth. Additionally, the growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. The technology is widely used for heating and cooling for premises, and its wide acceptance is expected to increase the demand for HVAC air ducts in the coming years.

Major Players in the Global HVAC Air Duct Market

The key players studied in the global HVAC air duct market are AASTHA ENVIRO SYSTEM PVT. LTD. (India), AIR DUCT MANUFACTURING INC (U.S.), AIRCARE (India), AIRCARE SYSTEM AND SOLUTION INDIA PVT LTD. (India), Durkeesox (Wuhan)Air Dispersion System Co., LTD (China), Kaalflex Pvt. Ltd. (India), Kingkraft Sheetmetal (Australia), TEXAIR (Latvia), US Duct (U.S.), and V.K. STEEL (India).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of HVAC air ducts worldwide. Thus, the COVID-19 pandemic negatively affected the global HVAC air duct market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of HVAC air ducts.

Global HVAC Air Duct Market Segmentation

By Product Type

• Sheet Metal Ducts
• Flexible Non-Metallic Ducts
• Fiberglass Duct Boards
• Others

By Application

• Residential
• Commercial
• Industrial

Buy Now – https://www.globalinsightservices.com/checkout/single_user/GIS10482

With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC

16192, Coastal Highway, Lewes DE 19958

E-mail: info@globalinsightservices.com

Phone: +1-833-761-1700

Website: https://www.globalinsightservices.com/