Tuesday, 16 January 2018

Air Duct Market 2017: Revenue, Opportunity, Application

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.
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.
 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. 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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 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.
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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.
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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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