Increasing consumer expenditure on green building constructions to deliver effective ventilation will propel Air Duct market growth. Moreover, superior properties including high performance, improved efficiency, health & financial benefits along with reduced impact on surroundings will significantly drive industry share.
Air Duct Market is projected to observe notable demand owing to growing consumer awareness associated with energy conservation. Enhanced thermal barrier from outdoor ambience along with effective indoor temperature control of the building are among key factors driving industry growth. Rising demand for HVAC equipment accompanied by growth in residential & commercial constructions will propel the product demand.
As a result, government agencies and professional builders are gradually adopting advanced HVAC equipment to optimize energy consumption. Considerable efficiency levels in product operation as well as in production process will support the product demand. High potential to save more than twelve folds of energy needed in manufacturing will provide a positive outlook for product penetration.
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Shifting trend towards fabric & insulated systems including flexible insulated channel and fibrous components particularly in new constructions will stimulate Air Duct market share. Rising product demand due to increasing emphasis on energy conservation and home performance contracting will support business growth. Heavy R&D spending resulting in product innovations in insulated machineries including fiberglass and highly flexible equipment will drive the Air Duct demand. Moreover, mold resilient properties during production and installation will propel industry growth.
Increasing preference for eco-friendly systems by construction firms to ensure building codes & standards with existing distribution network will fuel industry demand. Stringent regulations for energy conservation particularly in construction industry will support the product demand, Additional, implementation of various accreditations including Leadership in Energy and Environmental Design (LEED) certification and Energy Star designation is expected to propel Air Duct market size.
Air Duct is a specialized HVAC system extensively used as energy intensive equipment in various infrastructures. These are conduits or passages utilized in HVAC to enhance efficient ventilation and distribution of air. Supply, return and exhaust channels are required constituents in HVAC systems that flow through these channeling components. Growing product recognition as a suitable technique to ensure acceptable IAQ levels as well as thermal comfort will drive Air Duct market size.
On the basis of material, Air Duct market is segregated into sheet metal, flexible nonmetallic and fiberglass boards. Among these, sheet metal is projected to gain largest industry share owing to growing recognition for high leakage standards and lower noise levels. Moreover, steel metal is extremely durable, rigid, posse low foldability and are least expected to witness any mold or biological growth due to its non-porosity.
Asia Pacific is expected to hold largest Air Duct market share over the forecast timeframe due to rapid expansion of real estate and construction sectors. Favorable government policies including China’s National Home Appliance Replacement Program is expected to benefit business development. Furthermore, rising urban population coupled with rapid urbanization in several emerging economies including India, Indonesia, Malaysia and Japan will positively impact industry demand.
North America Air Duct market will witness notable gains in forecast period. Increasing construction of residential and commercial buildings along with growth in public infrastructure spending will propel the industry demand. Inclination towards energy conservation coupled with regulatory support for green buildings will support product demand.
Global Air Duct market share is highly diversified and competitive owing to large presence of local and international industry participants. Key industry players include Lindab, CMS Global, Ductmann Spiral Tube & Fittings, Imperial Manufacturing and ALAN Manufacturing. Other prominent players are Naudens, SheetMetal Fabricated Products, ZEN Industries and Texas Duct Systems.
These companies are gradually focusing on innovations that have advanced quality to meet customer’s expectations comprising reliability, high performance and timely delivery. Moreover, high capital investments in manufacturing advanced channeling design and machineries poses a key challenge for industry entrants.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.