HVAC Air Duct Market to Grow at a CAGR of 4.1% to reach US$ 17,502.6 million from 2021 to 2028
The HVAC air duct market was valued at US$ 13,213.7 million in 2021 and is projected to reach US$ 17,502.6 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.
Rising inclination toward green building technology and increasing number of data centers are propelling the growth of the HVAC air duct market. Green buildings offer many economic or financial benefits, which are relevant to a range of different people or groups of people. With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others, the demand for advanced HVAC systems is surging. Many residential and commercial sector architects and governments implement green buildings technology owing to its various benefits, such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market growth. Moreover, the growing number of data centers across the world is propelling the demand for HVAC system and subsequently driving the HVAC air ducts market growth. Additionally, the growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. The technology is widely used for heating and cooling for premises, and its wide acceptance is expected to increase the demand for HVAC air ducts in the coming years.
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HVAC Air Duct Market: Strategic Insights
Market Size Value in US$ 13,213.7 million in 2021 Market Size Value by US$ 17,502.6 million by 2028 Growth rate CAGR of 4.1% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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HVAC Air Duct Market: Strategic Insights
| Market Size Value in | US$ 13,213.7 million in 2021 |
| Market Size Value by | US$ 17,502.6 million by 2028 |
| Growth rate | CAGR of 4.1% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on HVAC Air Duct Market
Impact of COVID-19 Pandemic on HVAC Air Duct Market
The COVID-19 pandemic has been affecting most of the businesses across the globe. The continuous growth in the count of virus-infected patients compelled government authorities of various countries to restrict the movements of humans, goods, and commodities by imposing travel restrictions, mass lockdowns, and business shutdowns. Imposition of lockdown has resulted in lesser production of commodities and goods, and lowered the frequency of service offerings. Manufacturing, automotive, semiconductor & electronics, oil & gas, aviation, mining, and other industries have witnessed a notable decline in their revenues due to the temporary shutdown of operations. In the first quarter of 2020, after the imposition of nationwide lockdown in most of the nations, many industrial sectors came to a standstill. HVAC air duct is extensively used in laboratories and in various industries such as pharmaceutical, food, electronic & semiconductors, and manufacturing industry. Demand for HVAC air duct at various small & medium enterprises was also affected negatively. However, after the situation comes to normalcy, the HVAC air ducts market is expected to grow remarkably across the world during the forecast period.
Market Insights – HVAC Air Duct Market
Rising Adoption of Green Building
With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others and the use of geothermal heating and cooling methods owing to the rise in demand for HVAC systems. The benefits associated with green buildings technology such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment are attracting many residential and commercial sector architects and governments to implement this technology. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market. In addition, commercial green buildings are seeking an increased volume of eco-friendly HVAC systems to reduce their dependency on petroleum products.
Product Type-Based Insights
Based on product type, the HVAC air duct market is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment held the largest market share in 2021.
Players operating in the HVAC air duct market are mainly focused on the development of advanced and efficient products.
- In April 2020, DuctSox, a well-recognized manufacturer of air dispersion systems and fabric ductwork, produced fabric ductwork systems, which can be utilized for medical tents during the COVID-19 pandemic.
HVAC Air Duct Market Report Scope
The HVAC air duct market has been segmented as follows:
HVAC Air Duct Market – by Product Type
HVAC Air Duct Market – by Product Type
- Sheet Metal Ducts
- Flexible Non-Metallic Ducts
- Fiberglass Duct Boards
- Other
HVAC Air Duct Market – by Application
- Residential
- Commercial
- Industrial
HVAC Air Duct Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East and Africa
- South Africa
- South Arabia
- UAE
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of SAM
HVAC Air Duct Market – Company Profiles
- TIN MAN SHEET METAL FABRICATION, LLC
- Hennemuth Metal Fabricators
- Waves Aircon Pvt. Ltd.
- DuctSox
- Lindab
- TurnKey Duct Systems
- M&M Manufacturing
- SetDuct
- US Duct
- V.K. STEEL
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
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. 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 GHP system is a central heating or cooling system that pumps heat to or from the ground.
Green buildings offer several economic or financial benefits, which are relevant to a range of different people or groups of people. Green building (GB) constructions seeks to address housing demands of the growing populace with better qualities, energy efficiency, using recycled and recyclable materials, improve building lifespan and health of occupants. The building sector has the largest potential for significantly reducing greenhouse gas emissions compared to other major emitting sectors.
The sheet metal ducts are rigid air ducts and are available in different sizes and shapes, such as rectangular and cylindrical. Sheet metal duct is rigid in structure which gives the advantage of less risk of kinks or bends. However, the rigidity makes it less suitable for tight or tricky spaces. Sheet metal ducts are made from either galvanized steel or aluminum. Mold resistant nature of the nonporous material used in sheet metal ducts is the prominent factor driving the market growth. Also, easy to clean smooth surfaces, durability, and lightweight are the leading factors propelling the market growth. The availability of advanced ductwork designing software and fabricated sheet metal as per requirement demand for sheet metal ducts is flourishing in commercial and residential sectors. Increasing demand for HVAC systems in the commercial industry in the US is supporting the market growth.
The residential sector is among the prominent arenas to adopt HVAC systems. The demand for residential air conditioning has been consistently surging over the years, and the trend is anticipated to continue in the coming years. This is foreseen to continue to support the growth of the HVAC air ducts market. Moreover, the construction of residential (both single-family homes and apartment buildings) showcases an upward trend in the US nations. The installation of HVAC in the residential sector is among the residents' top priorities, and due to the rising construction activities, the demand for HVAC would surge. This is anticipated to boost the HVAC air ducts market from the residential sector. For instance, the US residential sector consumed ~236 billion kWh of electricity in 2020 for cooling, which is 6% of the total US electricity consumption.
The evolving technology in HVAC systems is expected to spur the demand for HVAC air ducts soon. The rising adoption of advanced technologies such as the internet of things (IoT) in HVAC systems is expected to fuel the growth of the HVAC air ducts market during the forecast period. The new HVAC technologies which use IoT are embedded with sensors, software that enables the HVAC system to exchange data with other connected devices. IoT systems are expected to improve preventative maintenance by sensing data on air quality and equipment status. The IoT technology will also bring more automation in HVAC systems by integrating their functions with other virtual assistant devices such as Alexa to change the temperature through the voice.
The Asia-Pacific HVAC air ducts market is growing due to growing industrialization, increase in disposable income of the consumers, rising demand for luxury products, and stringent government norms focusing on global warming are the factors that is expected to drive the growth of the segment. Growing construction sector in countries such as China and India, which are witnessing huge investments in the infrastructure sector, specifically for retail spaces, commercial office buildings, manufacturing facilities, metro rail lines, and expansion and construction of airports. This attribute increasing commercial construction projects along with expansion in the number of shopping complexes and retail stores will significantly fuel the demand for HVAC air ducts in the region.
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. HVAC Air Ducts Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. HVAC Air Ducts Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Green Building Technology
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. HVAC Air Ducts Market – Global Analysis
6.1 HVAC Air Ducts Market Overview
6.2 HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. HVAC Air Ducts Market Analysis – By Product Type
7.1 Overview
7.2 HVAC Air Ducts Market Breakdown, 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. HVAC Air Ducts Market Analysis – By Application
8.1 Overview
8.2 HVAC Air Ducts Market Breakdown, By Application (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
9. HVAC Air Ducts Market – Geographic Analysis
9.1 Overview
9.2 North America: HVAC Air Ducts Market
9.2.1 North America: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: HVAC Air Ducts Market, by Product Type
9.2.3 North America: HVAC Air Ducts Market, By Application
9.2.4 North America: HVAC Air Ducts Market, by Key Country
9.2.4.1 US: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: HVAC Air Ducts Market, by Product Type
9.2.4.1.2 US: HVAC Air Ducts Market, By Application
9.2.4.2 Canada: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: HVAC Air Ducts Market, by Product Type
9.2.4.2.2 Canada: HVAC Air Ducts Market, By Application
9.2.4.3 Mexico: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: HVAC Air Ducts Market, by Product Type
9.2.4.3.2 Mexico: HVAC Air Ducts Market, By Application
9.3 Europe: HVAC Air Ducts Market
9.3.1 Europe: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: HVAC Air Ducts Market, by Product Type
9.3.3 Europe: HVAC Air Ducts Market, By Application
9.3.4 Europe: HVAC Air Ducts Market, by Key Country
9.3.4.1 Germany: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: HVAC Air Ducts Market, by Product Type
9.3.4.1.2 Germany: HVAC Air Ducts Market, By Application
9.3.4.2 France: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: HVAC Air Ducts Market, by Product Type
9.3.4.2.2 France: HVAC Air Ducts Market, By Application
9.3.4.3 Italy: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: HVAC Air Ducts Market, by Product Type
9.3.4.3.2 Italy: HVAC Air Ducts Market, By Application
9.3.4.4 UK: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: HVAC Air Ducts Market, by Product Type
9.3.4.4.2 UK: HVAC Air Ducts Market, By Application
9.3.4.5 Russia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: HVAC Air Ducts Market, by Product Type
9.3.4.5.2 Russia: HVAC Air Ducts Market, By Application
9.3.4.6 Rest of Europe: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: HVAC Air Ducts Market, by Product Type
9.3.4.6.2 Rest of Europe: HVAC Air Ducts Market, By Application
9.4 Asia Pacific: HVAC Air Ducts Market
9.4.1 Asia Pacific: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: HVAC Air Ducts Market, by Product Type
9.4.3 Asia Pacific: HVAC Air Ducts Market, By Application
9.4.4 Asia Pacific: HVAC Air Ducts Market, by Key Country
9.4.4.1 Australia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: HVAC Air Ducts Market, by Product Type
9.4.4.1.2 Australia: HVAC Air Ducts Market, By Application
9.4.4.2 China: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: HVAC Air Ducts Market, by Product Type
9.4.4.2.2 China: HVAC Air Ducts Market, By Application
9.4.4.3 India: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: HVAC Air Ducts Market, by Product Type
9.4.4.3.2 India: HVAC Air Ducts Market, By Application
9.4.4.4 Japan: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: HVAC Air Ducts Market, by Product Type
9.4.4.4.2 Japan: HVAC Air Ducts Market, By Application
9.4.4.5 South Korea: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: HVAC Air Ducts Market, by Product Type
9.4.4.5.2 South Korea: HVAC Air Ducts Market, By Application
9.4.4.6 Rest of Asia Pacific: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: HVAC Air Ducts Market, by Product Type
9.4.4.6.2 Rest of Asia Pacific: HVAC Air Ducts Market, By Application
9.5 Middle East & Africa (MEA): HVAC Air Ducts Market
9.5.1 MEA: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: HVAC Air Ducts Market, by Product Type
9.5.3 MEA: HVAC Air Ducts Market, By Application
9.5.4 MEA: HVAC Air Ducts Market, by Key Country
9.5.4.1 South Africa: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: HVAC Air Ducts Market, by Product Type
9.5.4.1.2 South Africa: HVAC Air Ducts Market, By Application
9.5.4.2 Saudi Arabia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: HVAC Air Ducts Market, by Product Type
9.5.4.2.2 Saudi Arabia: HVAC Air Ducts Market, By Application
9.5.4.3 UAE: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: HVAC Air Ducts Market, by Product Type
9.5.4.3.2 UAE: HVAC Air Ducts Market, By Application
9.5.4.4 Rest of MEA: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: HVAC Air Ducts Market, by Product Type
9.5.4.4.2 Rest of MEA: HVAC Air Ducts Market, By Application
9.6 South America: HVAC Air Ducts Market
9.6.1 South America: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 South America: HVAC Air Ducts Market, by Product Type
9.6.3 South America: HVAC Air Ducts Market, By Application
9.6.4 South America: HVAC Air Ducts Market, by Key Country
9.6.4.1 Brazil: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: HVAC Air Ducts Market, by Product Type
9.6.4.1.2 Brazil: HVAC Air Ducts Market, By Application
9.6.4.2 Argentina: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: HVAC Air Ducts Market, by Product Type
9.6.4.2.2 Argentina: HVAC Air Ducts Market, By Application
9.6.4.3 Rest of SAM: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: HVAC Air Ducts Market, by Product Type
9.6.4.3.2 Rest of SAM: HVAC Air Ducts Market, By Application
10. HVAC Air Ducts Market- COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 MEA: Impact Assessment of COVID-19 Pandemic
10.1.5 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 TIN MAN SHEET METAL FABRICATION, LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hennemuth Metal Fabricators
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Waves Aircon Pvt. Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 DuctSox
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lindab
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 TurnKey Duct Systems
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 M&M Manufacturing
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SetDuct
12.8.1 1.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 US Duct
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 V.K. STEEL
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: HVAC Air Ducts Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: HVAC Air Ducts Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: HVAC Air Ducts Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. France: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. France: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific: HVAC Air Ducts Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. China: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. China: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. India: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. India: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 39. MEA: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. South America: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. South America: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: HVAC Air Ducts Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: HVAC Air Ducts Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: HVAC Air Ducts Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: HVAC Air Ducts Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of SAM: HVAC Air Ducts Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM: HVAC Air Ducts Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. HVAC Air Ducts Market Segmentation
Figure 2. HVAC Air Ducts Market Segmentation – By Geography
Figure 3. Global HVAC Air Ducts Market Overview
Figure 4. Sheet Metal Ducts Segment held the largest share in 2020
Figure 5. Residential Segment held the largest share in 2020
Figure 6. APAC held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. HVAC Air Ducts Market – Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Impact Analysis of Drivers and Restraints
Figure 15. HVAC Air Ducts Market – Geographic Analysis
Figure 16. HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. HVAC Air Ducts Market Breakdown, By Product Type (2020 and 2028)
Figure 18. Sheet Metal Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Flexible Non-Metallic Ducts: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fiberglass Duct Boards: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. HVAC Air Ducts Market Breakdown, By Application (2020 and 2028)
Figure 23. Residential: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Commercial: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Industrial: HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global HVAC Air Ducts Market Revenue Share, by Region (2020 and 2028)
Figure 27. North America: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: HVAC Air Ducts Market Revenue Share, by Type (2020 and 2028)
Figure 29. North America: HVAC Air Ducts Market Revenue Share, By Application (2020 and 2028)
Figure 30. North America: HVAC Air Ducts Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: HVAC Air Ducts Market Revenue Share, by Type (2020 and 2028)
Figure 36. Europe: HVAC Air Ducts Market Revenue Share, By Application (2020 and 2028)
Figure 37. Europe: HVAC Air Ducts Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. Germany: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. France: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Asia Pacific: HVAC Air Ducts Market Revenue Share, by Type (2020 and 2028)
Figure 46. Asia Pacific: HVAC Air Ducts Market Revenue Share, By Application (2020 and 2028)
Figure 47. Asia Pacific: HVAC Air Ducts Market Revenue Share, by Key Country (2020 and 2028)
Figure 48. Australia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. China: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. South Korea: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Asia Pacific: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA: HVAC Air Ducts Market Revenue Share, by Type (2020 and 2028)
Figure 56. MEA: HVAC Air Ducts Market Revenue Share, By Application (2020 and 2028)
Figure 57. MEA: HVAC Air Ducts Market Revenue Share, by Key Country (2020 and 2028)
Figure 58. South Africa: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Saudi Arabia: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. UAE: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South America: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. South America: HVAC Air Ducts Market Revenue Share, by Type (2020 and 2028)
Figure 64. South America: HVAC Air Ducts Market Revenue Share, By Application (2020 and 2028)
Figure 65. South America: HVAC Air Ducts Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. Brazil: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Argentina: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Rest of SAM: HVAC Air Ducts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Impact of COVID-19 Pandemic in North American Country Markets
Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 71. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 72. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 73. Impact of COVID-19 Pandemic in SAM Country Markets
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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