Title: Outlook of Air duct market status and development trends reviewed in new report
1Air duct market growth outlook with industry
review and forecasts 2019-2025
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2- According to Research by GMI, Air duct market is
expected to exceed total market size of more than
5.5 billion by 2025. - Growing awareness among the people about energy
conservation and regulation of indoor
temperatures in buildings is gradually making the
deployment of more number of air ducts, having
effective shapes, mandatory across the world.
This trend is expected to propel the air duct
market share over the forecast time span. - Additionally, with several nations across the
globe increasingly turning towards implementation
of green infrastructure to tackle growing
environmental problems, this shift is expected to
be one of the leading factors behind air duct
market growth in the forthcoming years. - In fact, the ASEAN organization in collaboration
with the Asian Development Bank (ADB) have
unveiled a novel service through which
approximately 1 billion would be invested in
green infrastructure development. This is slated
to provide a substantial boost the adoption of
the product across various commercial spaces.
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3- The office space application segment of the air
duct market is expected to generate a revenue
stream of more than 2 billion over the forecast
timespan. This momentous growth is primarily
being attributed to the growing investment
activities across the service sectors, as with
the improving educational facilities in several
developing nations skilled workers are available
at a comparatively lower cost. - Several conglomerates are investing as well as
outsourcing their respective backend operations
in these countries, which is further giving rise
to office constructions. - Air ducts are utilized in these premises to offer
comfortable work environment to all the
individuals working there. These factors are
further likely to propel the air duct industry
trends over the coming years.
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5- The Europe Air Duct Market is anticipated to
witness an exponential amount of growth during
the projected timeframe. In fact, Europe is
expected to hold more than 22 of the total air
duct market volume share over the forecast time
span. The projected growth in the region is being
attributed to the high level of demand for
numerous ventilation, centralized cooling and
heating systems.
- Some of the prominent industry players making
significant contributions to the air duct market
share are Set Duct Manufacturing, Hennemuth Metal
Fabricators, DN Duct, Zinger Sheet Metal Co.,
Sisneros Bros. Mfg., Hamlin Companies, Linx
Industries, Inc., MM Manufacturing, Tin Man
Sheet Metal, Masterduct, Inc., Pinnacle, VK
Ducting, Turnkey Duct, ZECO Aircon Ltd., and
Ducts, Inc., among others.
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