Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.41 Billion | USD 13.87 Billion | 4.4% | 2023 |
The global air duct market size was evaluated at $9.41 billion in 2023 and is slated to hit $13.87 billion by the end of 2032 with a CAGR of nearly 4.4% between 2024 and 2032.
The report covers forecast and analysis for the global air duct market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
The global air duct market is likely to have prominent growth in the forecast years and is anticipated to grow at a steady rate within the forecast period. There is immense scope for the air duct market, owing to a variety of applications, technological advancements, and growing demand for air ducts in the market. The excellent properties of air ducts, such as improved efficiency, superior performance, less impact on surroundings, and health benefits are the major factors that are anticipated to significantly propel the air duct market across the globe.
Additionally, an increase in urbanization and enhanced infrastructure has fueled the demand for the air ducts over the years. The worsening quality of indoor air has given rise to the formation of committees in energy and environmental design systems, to create a framework to build healthy, efficient and cost-saving green buildings. This green building construction concept is expected to upsurge the growth of the air duct market over the forecast timeframe.
The global air duct market has been segmented on the basis of material and application.
Based on the material, the air duct market is segmented into galvanized steel, aluminum, fiberglass, and polymers. The galvanized steel is majorly used for most of the ducting and is suitable for high-temperature applications. Aluminum ducts are often used for kitchen chimney ventilation and light-duty air movement applications.
Based on the application, the air duct system is segmented into corporate offices, airport & rapid transit, retail stores & shopping complexes, hospitality, multiplex/auditorium, hospitals, manufacturing.
Report Attributes | Report Details |
---|---|
Report Name | Air Duct Market |
Market Size in 2023 | USD 9.41 Billion |
Market Forecast in 2032 | USD 13.87 Billion |
Growth Rate | CAGR of 4.4% |
Number of Pages | 110 |
Key Companies Covered | Hennemuth Metal Fabricators, Set Duct Manufacturing, Zinger Sheet Metal Co., D&N Duct Solutions, Hamlin Companies, Sisneros Bros. Mfg., M&M Manufacturing, Masterduct Inc., Linx Industries, among others |
Segments Covered | By material, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The rise in the demand for the product, owing to the emerging trend of insulated and fabric system in new constructions and an increased focus on energy conservation, and enhanced efficiency is the main driver which is expected to propel the growth of the air duct market over the forecast years. The secondary factor that is expected to boost the demand for air ducts is the increasing usage of HVAC equipment in commercial and residential constructions. Some of the factors which might hamper the growth of the air duct market over the forecast years are increased adoption of the ductless equipment, and the high cost associated with the HVAC equipment such as dampers and isolators.
The global air duct market profiles key players such as:
Global Air Duct Market: Material Segment Analysis
Global Air Duct Market: Application Analysis
Global Air Duct Market: Regional Segment Analysis
FrequentlyAsked Questions
An air duct is a conduit or passage that is utilised to transport and exhaust air in heating, ventilation, and air conditioning (HVAC) systems. They are essential for the proper circulation of air and the distribution of conditioned air throughout a building or space.
The demand for air ducts as components of HVAC systems is driven by the growing number of residential, commercial, and industrial buildings being constructed. In order to enhance the purity of air and energy efficiency, it is frequently necessary to retrofit or upgrade air duct systems in existing buildings.
The global air duct market size was evaluated at $9.41 billion in 2023 and is slated to hit $13.87 billion by the end of 2032.
The global air duct market a CAGR of nearly 4.4% between 2024 and 2032.
North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
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