US HVAC Air Ducts Market to Grow at a CAGR of 4.0% to reach US$ 1,620.03 million from 2021 to 2028
The US HVAC air ducts market is expected to grow from US$ 1,232.41 million in 2021 to US$ 1,620.03 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
The growing number of data centers across the US is positively favoring the demand for HVAC air ducts and subsequently driving the HVAC air ducts market in the country. Major driving factors for the construction of data centers are an increase in the use of the internet, the emergence of internet protocol as a common computer communication standard, and the continued advancements of web technology, which have served as catalysts for several common business initiatives. Another factor contributing to the surge in data center construction is the increase in the number of internet-connected devices for personal as well as commercial applications.
Business professionals have started switching to wireless personal digital assistants (PDA) along with their mobile phone connection. Similarly, multiple PCs and wireless networks are frequently in use. Subsequently, the trend of more devices per user is driving the need for additional network connectivity and data center expansion. With the increasing data storage requirement in the US, the construction of data centers is on the rise across the country. Hence, the above-mentioned factors have propelled the demand for HVAC air ducts as data centers are among the prime users of HVAC systems.
Impact of COVID-19 Pandemic on HVAC Air Ducts Market
The US is the worst-hit country in North America, as thousands of infected individuals faced severe health conditions across the country. In 2020, the majority of the manufacturing plants operated with minimum staff or halted their manufacturing operations. Also, the supply chain of components and parts was disrupted. These are a few of the critical issues faced by the US. Also, lower demand for new HVAC system in commercial, industrial, and residential sectors except healthcare has hampered the growth of the US HVAC air ducts market. For instance, according to the Heating Air-conditioning & Refrigeration Distributors International (HARDI), the HVAC distributor experienced ~19% decline in HVAC orders in April 2020 compare to the previous year.
According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. Construction activities were declined in 2020, and the trend is prevailing in 2021 also. The construction activities are declined by ~ 20% in the hospitality industry, by ~ 8% in the retail sector, and close to 11% in commercial offices. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install the high volumes of HVAC systems have been hit at various levels by the COVID-19 pandemic. Hotels, hospitality, and restaurants are struggling due to the concerns over the transmission of novel coronavirus, even after they could reopen. Hence, owing to low business turnover and limited operational activities the demand for HVAC system among hospitality sector is reduced significantly
Market Insight
Growing Application of Geothermal Heat Pumps
The growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers in the US. Geothermal heat pumps are gaining popularity in the market, owing to their highly efficient renewable energy technology, which provides both heating and cooling by using stable temperatures from the earth. A geothermal heat pump (GHP) system is a central heating or cooling system that pumps heat to or from the ground. It uses the earth as a heat source (in the winter) or a heat sink (in the summer). This is a technology that is gaining wide acceptance for both residential and commercial buildings. The technology is widely used for heating and cooling for premises, and its wide acceptance in coming years is expected to increase the demand for HVAC air ducts.
Product Type Segment Insights
The US HVAC air ducts market, based on the product type, is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The air duct plays a vital role in maintaining the efficiency of HVAC systems, as minor leakage, improper cleaning, and fitting can reduce the airflow and system performance. Hence, to maintain continuous airflow in the residential and commercial sectors, various types of HVAC air ducts are available in the market. The sheet metal duct is the most preferred solution in the market due to the ease of installation and cleaning.
US HVAC Air Ducts Market, by Product Type (% Share)
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Application Segment Insights
Based on application, the US HVAC air ducts market is segmented into commercial buildings, residential buildings, and industrial buildings. The demand for HVAC air ducts is constantly surging among various applications mentioned above. The residential buildings segment dominated the market in 2020 and is expected to continue its dominance during the forecast period. This is because the residential HVAC systems integrate a high number of HVAC to maintain room temperature at constant level through continuous cooling or heating. Also, the rising number of residential constructions is catalyzing the procurement of HVAC systems, which is another driver for the growth of the HVAC air duct market for the residential building segment. For instance, according to the U.S. Department of Energy (DoE), around 3 million heating and cooling systems get replaced in the country, which are worth of ~US$ 14 billion including HVAC services or repairs.
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US HVAC Air Ducts Market: Strategic Insights
Market Size Value in US$ 1,232.41 Million in 2020 Market Size Value by US$ 1,620.03 Million by 2028 Growth rate CAGR of 4.0% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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US HVAC Air Ducts Market: Strategic Insights
| Market Size Value in | US$ 1,232.41 Million in 2020 |
| Market Size Value by | US$ 1,620.03 Million by 2028 |
| Growth rate | CAGR of 4.0% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors. In September 2021, Dakota Supply Group (DSG) announced that in March 2022, it will establish a new branch in Burnsville, Minnesota. The new facility will serve the plumbing, HVAC, and electrical needs of the Minneapolis-Saint Paul metro area's southern region. Apple Valley, Eagan, Savage, and Bloomington are among the communities included.
US HVAC Air Ducts Market – by Product Type
- Sheet Metal Ducts
- Flexible Non-Metallic Ducts
- Fiberglass Duct Board
- Others
US HVAC Air Ducts Market – by Application
- Commercial Buildings
- Residential Buildings
- Industrial Buildings
US HVAC Air Ducts Market – Company Profiles
- DuctSox
- SETDuct
- TurnKey Duct Systems
- US Duct
- FabricAir
- Thermaduct
- Spiral Pipe of Texas
- M&M Manufacturing
- Gemini Group, Inc.
- Masterduct, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US HVAC Air Ducts Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. US HVAC Air Ducts Market – Key Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Green Building Technology in US
5.1.2 Increasing Number of Data Centers
5.2 Market Restraints
5.2.1 Intense Competition from Ductless HVAC Systems for Residential Segment
5.3 Market Opportunities
5.3.1 Growing Application of Geothermal Heat Pumps
5.4 Future Trends
5.4.1 Rising Technological Advancements in HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. US HVAC Air Ducts – Market Analysis
6.1 Overview
6.2 US: HVAC Air Ducts Market – Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning – US Market Players Ranking
7. US HVAC Air Ducts Market – By Product Type
7.1 Overview
7.2 US: HVAC Air Ducts Market, By Product Type (2020 and 2028)
7.3 Sheet Metal Ducts
7.3.1 Overview
7.3.2 Sheet Metal Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Flexible Non-Metallic Ducts
7.4.1 Overview
7.4.2 Flexible Non-Metallic Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fiberglass Duct Boards
7.5.1 Overview
7.5.2 Fiberglass Duct Boards: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8. US HVAC Air Ducts Market – By Application
8.1 Overview
8.2 US: HVAC Air Ducts Market, By Application (2020 and 2028)
8.3 Commercial Buildings
8.3.1 Overview
8.3.2 Commercial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Residential Buildings
8.4.1 Overview
8.4.2 Residential Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial buildings
8.5.1 Overview
8.5.2 Industrial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9. US HVAC Air Ducts Market - COVID-19 Impact Analysis
9.1 US: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 DuctSox
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 SETDuct
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 TurnKey Duct Systems
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 US Duct
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 FabricAir
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Thermaduct
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Spiral Pipe of Texas
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 M&M Manufacturing
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Gemini Group, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Masterduct, INC.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. US: HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. US HVAC Air Ducts Market Segmentation
Figure 2. US HVAC Air Ducts Market Overview
Figure 3. US HVAC Air Ducts Market – By Product Type
Figure 4. US HVAC Air Ducts Market – By Application
Figure 5. US – PEST Analysis
Figure 6. US: HVAC Air Ducts Market – Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. US HVAC Air Ducts Market Impact Analysis of Drivers and Restraints
Figure 9. US: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. US: HVAC Air Ducts Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. Sheet Metal Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Flexible Non-Metallic Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Fiberglass Duct Boards: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. US: HVAC Air Ducts Market Revenue Share, by Application (2020 and 2028)
Figure 16. Commercial Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Residential Buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Industrial buildings: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Impact of COVID-19 Pandemic on US HVAC Air Ducts Market
The List of Companies - US HVAC Air Ducts Market
- DuctSox
- SETDuct
- TurnKey Duct Systems
- US Duct
- FabricAir
- Thermaduct
- Spiral Pipe of Texas
- M&M Manufacturing
- Gemini Group, Inc.
- Masterduct, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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