US HVAC Air Ducts Market to Grow at a CAGR of 4.0% to reach US$ 1,620.03 million from 2021 to 2028

US HVAC Air Ducts Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Board, and Others) and Application (Commercial Buildings, Residential Buildings, and Industrial Buildings)

  • Report Code : TIPRE00024952
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 132

US HVAC Air Ducts Market to Grow at a CAGR of 4.0% to reach US$ 1,620.03 million from 2021 to 2028

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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

us-hvac-air-ducts-market
Market Size Value inUS$ 1,232.41 Million in 2020
Market Size Value byUS$ 1,620.03 Million by 2028
Growth rateCAGR of 4.0% from 2021-2028
Forecast Period2021-2028
Base Year2021
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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

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product Type and Application

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

US, Canada

The List of Companies - US HVAC Air Ducts Market

  1. DuctSox
  2. SETDuct
  3. TurnKey Duct Systems
  4. US Duct
  5. FabricAir
  6. Thermaduct
  7. Spiral Pipe of Texas
  8. M&M Manufacturing
  9. Gemini Group, Inc.
  10. Masterduct, Inc.

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