Air Duct Market Size And Forecast
According to Verified Market Research, the Air Duct Market was valued at USD 4.23 Billion in 2018 and is projected to reach USD 5.57 Billion by 2026, growing at a CAGR of 3.57% from 2019 to 2026.
What is Air Duct?
The air duct system is a pathway for conditioned air that is, heated or cooled by the heating, ventilation, and air conditioning (HVAC) system. The air duct system consists of various components such as vibration isolators, stack boots & heads, volume control dampers, smoke & fire dampers, turning vanes, plenums, terminal units, and air terminals. The air ducts are classified according to their application in various industries: conditioned air ducts, recirculating-air ducts, and fresh-air ducts.
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Global Air Duct Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rising health problems related to deteriorating indoor air quality and increasing environmental concerns are significantly contributing to the increased demand for air ducts in buildings. Furthermore, the growing construction industry and green building initiatives by several developing and developed countries across the globe are providing huge growth opportunities to the vendors in the global air ducts market. However, upsurge in the adoption of ductless equipment in HVAC systems may hinder market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Air Duct Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Air Duct Market Competitive Landscape
The “Global Air Duct Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Hennemuth Metal Fabricators, Rubber World Industries, M&M Manufacturing, and Zinger Sheet Metal Co.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Air Duct Market, By Material
• Galvanized Steel
• Aluminum
• Fiberglass
• Polymers
Air Duct Market, By Application
• Corporate offices
• Airport & Rapid transit
• Retail stores & shopping complexes
• Hospitality
• Multiplex/Auditorium
• Hospitals
• Manufacturing
Air Duct Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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