Air Ducts Market Detailed information on Top players, Industry Size, Trends and forecast
Air Ducts Market Size By Material, By Shape, By Application, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
Vikram Singh Mehta
The air ducts market is expected to showcase substantial growth by 2027 driven by the increasing consumer demand for more efficient and technologically advanced ventilation systems. Moreover, surging focus on improving indoor air quality is projected to further contribute to market growth through the forecast timeline.
Following the COVID-19 outbreak, leading healthcare agencies highlighted different approaches to reduce exposure to the SARS-CoV-2 virus that causes the COVID-19 infection. These methods included deploying several mitigation strategies, particularly enhancements in building ventilation, to limit the spread of the infection and reduce the risk of exposure.
The United States Centers for Disease Control and Prevention have explained how the virus spreads more easily between people indoors than outdoors. The concentration of viral particles indoors is typically higher than outdoors, wherein even a light wind could reduce concentrations. Lower concentration makes it less likely for viral particles to be inhaled into the lungs, fall out of the air to accumulate on surfaces, or come in contact with eyes, nose, and mouth.
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Notably, protective ventilation practices and interventions were found to reduce airborne concentrations and lower the overall viral dose exposure for occupants. As a result, the mounting need for better indoor air ventilation to reduce the spread of the COVID-19 infection has been favorable for market outlook across the globe.
The air ducts market has been segmented on the basis of material, shape, end-user, and region. In terms of material, the market has further been divided into aluminum, galvanized steel, polymers, fiberglass, and others. The aluminum sub-segment is estimated to witness significant growth at around 2.7% CAGR through the assessment timeframe.
Several key factors are expected to contribute to segmental growth through 2027. These materials possess superior lightweight properties and perform excellently against corrosion. Aluminum air ducts are highly recommended for applications in a wide range of industries, including auto production warehouses, food processing, concrete production areas, metalworking, paper & printing, plastics, woodworking, textile, and mining.
With respect to end-user, the market has been segmented into airport & metros, manufacturing, office spaces, retail stores & shopping complexes, multiplex/auditoriums, hospitals, hospitality, and others (food & beverage, pharmaceuticals, etc.). The hospitals sub-segment is calculated to witness considerable growth at a CAGR of over 3.5% through the forecast timeframe.
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The rising prevalence of chronic diseases and growing investments towards building healthcare facilities around the globe are projected to drive segmental growth over the analysis period. The COVID-19 pandemic is also speculated to propel the consumption of air ducts in the coming years mainly owing to the surging consumer requirement for optimum indoor air quality.
In the regional landscape, the Latin America air ducts market is projected to grow at a steady rate through the forecast time period. The non-residential construction industry of Latin America is at a nascent stage and is growing rapidly, which is expected to support regional market growth. Moreover, the limited presence of product manufacturers in the region is expected to create massive growth potential for industry players through the following years.
Vikram Singh Mehta