What is Ventilation Duct Market?
The global ventilation duct market is expected to witness healthy growth during the forecast period, according to the AMA study. This is owing to the growing demand for cost-effective HVAC systems across various end-use industries for different applications such as residential, commercial and industrial applications. Furthermore, the growing construction of corporate buildings is also generating demand for new ventilation duct installations wherein the existing corporate buildings are generating the demand for ventilation duct through retrofitting requirements. Moreover, the growing construction of auditoriums, shopping malls worldwide is also generating the demand for ventilation ducts globally.
Highlights from Ventilation Duct Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | VENTS (United States), Total Air Conditioning (United States), Art Plumbing, AC & Electric. (United States), FSM Fabrications Ltd. (United Kingdom), Jensen Ventilation AB (Sweden), DC Duct & Sheet Metal LLC (United States), Deflecto, LLC (United States), Imperial Manufacturing Group (Canada), Lindab (Sweden), Lambro Industries, Inc. (United States), M&M Manufacturing (United States), SetDuct (United States), US Duct (United States), ZEN Industries Inc. (United States), The Tin Man, LLC (United States) and Hennemuth Metal Fabricators (United States) |
The companies in this market are focusing on developing new and innovative products with the latest technologies to cater to market demands. For instance, in January 2020, VENTS company a new series of extract fans for round ducts – the VENTS KSF K2 EC units with the airflow of 353-1682 m³/h. There are numerous players in this industry such as local vendors which are serving specific regional markets. The market for ventilation ducts is moderately fragment according to the AMA study. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Ventilation Duct market throughout the forecasted period.
VENTS (United States), Total Air Conditioning (United States), Art Plumbing, AC & Electric. (United States), FSM Fabrications Ltd. (United Kingdom), Jensen Ventilation AB (Sweden), DC Duct & Sheet Metal LLC (United States), Deflecto, LLC (United States), Imperial Manufacturing Group (Canada), Lindab (Sweden), Lambro Industries, Inc. (United States), M&M Manufacturing (United States), SetDuct (United States), US Duct (United States), ZEN Industries Inc. (United States), The Tin Man, LLC (United States) and Hennemuth Metal Fabricators (United States) are some of the key players profiled in the study. Ventilation Duct Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Industrial, Commercial and Residential |
Type | Flexible Duct {Insulated, Non-Insulated} and Rigid Duct {Fully Rigid, Semi-Rigid} |
Installation | New Installation,Retrofitting |
End Users | Corporate Buildings,Airports & Transportation Terminals,Retail & Shopping Complexes,Auditoriums & Hospitality,Logistics,Industrial,Others |
Material | Steel,Aluminum,Fiberglass,Polymers,Others |
On the basis of geography, the market of Ventilation Duct has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Improvements in Infrastructural Architecture Across the World and Increasing Construction of Airports and Railway Stations Across Different Regions
Market Growth Drivers:
Growing Demand for Cost-Effective HVAC (Heating, Ventilation, and Air Conditioning) Systems, Rising Deployment of Ventilation Ducts in Corporate Buildings Propelled By Increasing Construction of Corporate Buildings Worldwide Due to Rising Number of SMEs and Large Enterprises and Transforming Logistics Industry Generating Demand for Ventilation Ducts Owing to Achieve Cost-Effective Warehousing Storage
Challenges:
High Initial Installation Investment and The Requirement of Periodic Maintenance Such as Duct Cleaning, Repairs, etc.
Opportunities:
Growing Urban Construction Across Emerging Economies Such as India and Malaysia in Asia Pacific Region
Market Leaders & Development Strategies
In April 2019, Lindab announced that it has completed the acquisition of Ductmann Ltd. A United Kingdom-based manufacturer of rectangular and fire-rated ductwork and silencers
In December 2019, VENTS company announced its expansion in the North American market. The company supplied 232 Frigate ERV 80R and Frigate ERV 120R supply and exhaust units to newly built Valleymede Towers development in the suburbs of Toronto.