The Air Duct Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was estimated at USD 12.46 Billion in 2022, registering a CAGR of 3.90% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period 2023 to 2032.
The air duct market is a complex and dynamic industry that has grown significantly in recent years. The market encompasses a wide range of services, from air duct cleaning and maintenance to installation and repair. The primary focus of the air duct market is on improving indoor air quality and reducing energy costs through the effective management of HVAC systems. In recent years, the air duct market has seen significant growth due to increasing awareness of the importance of maintaining clean air ducts. Advances in technology have also led to new opportunities in the market, including the development of new cleaning methods and equipment. One of the most significant trends in the air duct market is the increasing demand for eco-friendly and energy-efficient air duct cleaning solutions. Customers are looking for green cleaning methods that minimize environmental impact and reduce energy costs.
Molekule just introduced the PECO-HEPA Tri-Power Filter for Air Pro, Air Mini+, and Air Mini. The new filter combines the real HEPA 99.97% particle-capture efficiency rate with Molekule's proprietary PECO technology, which removes organic pollutants from the air such as viruses, germs, mould, allergies, volatile organic compounds, chemicals, and more. The triple-layered filter is capped with a final layer of carbon filtration to decrease odours and hazardous gases and offer clean, crisp air. As compared to conventional filters, this makes it one of the most advanced filters on the market, capable of destroying a wide spectrum of contaminants.
On the basis of type the market is segmented as Galvanized steel, Aluminum, Flexible, Fabric, and others. The Sub segment Galvanized steel air ducts are durable and have a long lifespan. They are commonly used in commercial and industrial applications. Aluminum air ducts are lightweight and easy to install. They are commonly used in residential and commercial applications. Flexible air ducts are made of materials such as PVC or polyurethane and are highly flexible, making them easy to install in tight spaces. They are commonly used in residential and commercial applications. Fabric air ducts are made of materials such as polyester and are designed for use in industrial and commercial applications. They are lightweight and can be easily installed in a variety of configurations. Other types of air ducts include fiberglass, duct board, and insulated metal ducts. Galvanized steel and aluminum air ducts are expected to remain popular due to their durability and cost-effectiveness, while flexible and fabric air ducts will cater to consumers looking for easy installation and flexibility.
Based on Shape the market is sub segmented as Round, Half round, Square/Rectangular, Triangular and Others. The sub segment round air ducts is commonly used in ventilation systems for both commercial and residential applications. They are easy to install and have low air resistance. Where as the Half-round air ducts are used in situations where space is limited, such as in crawl spaces or between floors. The Square or rectangular air ducts are commonly used in HVAC systems in commercial and industrial applications. They are easy to install and provide a high level of airflow. The Triangular air ducts are used in situations where space is limited, such as in attics or between floors.
Based on Application the air duct market is categorized as Public Facilities, Commercial Facilities, Industrial Facilities and Others. The Air ducts are used in public facilities such as hospitals, schools, and government buildings. It is used in commercial facilities such as offices, retail stores, and restaurants. Which is expected to dominate the market due to the growing demand for energy-efficient buildings. Air ducts are also used in industrial facilities such as factories, warehouses, and power plants. Overall, the air duct market is expected to grow due to increasing demand for energy-efficient and eco-friendly HVAC systems.
The air duct market could be segmented based on specific countries or regions within these broader categories. In North America, the air duct market could be segmented by country, such as the United States, Canada, and Mexico. Similarly, in Europe, the air duct market could be segmented by country, such as Germany, France, and the United Kingdom, Russia, Italy, Spain the Netherlands, rest of Europe. In Asia Pacific the market could be segmented by country, such as China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific, The Middle East & Africa is Categorized as UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa. On the other hand, the South America could be segmented by country, such as Brazil, Argentina, Colombia, Rest of South America.
The Asia Pacific region is expected to witness the highest growth in the air duct market due to rapid industrialization, increasing construction activities, and rising awareness about energy conservation. Moreover, the rising demand for HVAC systems in commercial and residential buildings in the region is likely to drive the demand for air ducts. However, other regions such as North America and Europe are also significant markets for air ducts due to the presence of major manufacturers and increasing demand for energy-efficient solutions. The specific market share of each region would depend on several factors, including market trends, economic conditions, and regulatory policies.
- In 2023, Daikin, a global manufacturer of commercial-use and residential air conditioning systems, acquired Alliance Air Products, a San Diego-based provider of custom air-handling equipment design and manufacturing. This acquisition helps the Daikin portfolio of high-efficiency equipment and services for data center cooling, and other mission-critical and custom applications through Alliance Air’s engineering and technology expertise.
- In 2021, Johnson Controls announced its acquisition of Air Distribution Technologies, a leading provider of air distribution and ventilation solutions, in a deal worth $1.6 billion.
- In 2020, Mestek Inc. acquired the assets of Lindab Inc.'s rectangular duct business, adding to Mestek's existing portfolio of HVAC products and expanding its customer base.
- Galvanized steel
- Half round
- Public Facilities
- Commercial Facilities
- Industrial Facilities
- North America
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The air duct market is a highly competitive industry, with numerous players vying for market share. Some of the key players in the market includes Johnson Controls, Honeywell International Inc., Daikin Industries, Ltd., United Technologies Corporation, Trane Inc., LG Electronics Inc., Siemens AG, Panasonic Corporation, Carrier Corporation, Midea Group Co., Ltd.
Company overview, latest trends, financials, R&D expenditures, and SWOT analysis are some of the key features of the competitive analysis provided in this study.
Years Covered in the Study:
Historic Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2032
Objectives of this report:
- To estimate market size on regional and global basis.
- To identify major segments in the market and evaluate their market shares and demand.
- To provide a competitive scenario for the market with major developments observed by key companies in the historic years.
- To evaluate key factors governing the dynamics of the market with their potential gravity during the forecast period.
Reasons to Buy This Report:
- Technical Market definition of the global market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of more than 25+ Global as well as regional companies.
- Identification and analysis of micro and macro factors that are and will affect the growth of the market.
- A descriptive analysis of demand-supply gap, estimation and forecast in the global market.
- Statistical analysis of some significant economic factors.
- Partner Identification in the Supply Chain.
- 200+ Figures, charts, graphs, and pictures describe the market clearly.
- Historical and estimated Pricing Analysis of the market considered as part of scope.
Key Questions Answered in this Report:
- What is the market size and growth rate of the global and regional market by various segments?
- Market size and growth rate of the market for selective countries?
- Which region or sub segment is expected to drive the market in the forecast period?
- What are the driving factors as well as restraints in the market growth?
- How the technological shift and disruptions are helping market to grow?
- What are the key opportunities in the market?
- Which company accounted or will account for the highest market share in 2021, 2022, and 2023?
- Which are the key companies operating in the market?
This study is customized to meet your specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
- Product Specific Competitive Analysis
- Company profiling
- Client’s comparison vs others