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.
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.
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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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