European Air Duct Market to Reach USD 2.95 Billion by 2028;
Pune, India, February 17, 2022 (GLOBE NEWSWIRE) — The Europe air duct market size reached $2.95 billion by 2028, posting a CAGR of 4.5% during the forecast period. The market was valued at USD 2.08 Billion in 2020 and reached USD 2.17 Billion in 2021. Rising importance of indoor air quality and adoption of smart technologies is expected to drive the growth of the industry . Fortune Business Insights™ provides this information in its report titled “Europe Air Duct Market, 2021-2028”.
The air duct is used in several commercial, industrial and public facilities to efficiently distribute airflow. They transport cool or heated air through pipelines and improve air quality and safety. The emergence of multiple industries and growing concerns over employee safety and air quality are expected to drive adoption of the product. Furthermore, the integration of smart technologies such as demand-driven ventilation, IoT-enabled products and sensor connection is expected to boost the European air duct industry. In addition, the emergence of several commercial and residential constructions is likely to promote the development of the market.
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Companies operating in Europe air duct market
- Lindab (Båstad, Sweden)
- Air Spiralo Group (Schagen, Netherlands)
- FabricAir (Køge, Denmark)
- Kingspan Group (Cavan, Ireland)
- Domus (Genuit Group) (Caerphilly, UK)
- ISOVER (SAINT-GOBAIN) (Courbevoie, France)
- Aldes Group (Lyon, France)
- Airflow Developments Limited (High Wycombe, UK)
- Verplas Limited (Indutrade) (Dorset, UK)
- ROKAFLEX (Braak, Germany)
- HAS-Vent Ltd. (Wombourne, England)
- Nordfab (Marriage, Denmark)
- Aermec (UK) (Basildon, England)
- Rega Ventilation (Biggleswade, England)
- Maschinen- und Apparatebau Hagen GmbH (Breckerfeld, Germany)
- BerlinerLuft International (Berling, Germany)
Report scope and segmentation
|Forecast period||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR||4.5%|
|2028 value projection||$2.95 billion|
|Market size in 2020||$2.08 billion|
|Historical data for||2017 to 2019|
|Number of pages||140|
|Segments Covered||Type, shape, application and region.|
|Growth engines||Adoption of direct ducts using sealed joints to support market development|
|Infrastructure development and government agency support to fuel market growth in Germany|
|Major Players Integrate Acquisition Strategies to Grow Their Manufacturing Businesses|
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Impact of COVID-19
Robust demand from commercial and residential sectors to support market growth
This market is expected to be positively impacted by the COVID-19 pandemic owing to the growing demand for ducts from the commercial and residential sectors. The adoption of social distancing, technologically automated production machinery and reduced capacities allow manufacturers to meet deadlines and meet consumer demand. In addition, increasing construction activities and growing demand for good air quality are expected to drive product demand. These factors are likely to propel industry growth during the pandemic.
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Type, Shape, Application, and Region are studied for the Market
By Type, the market is segmented into fabric duct, flexible duct, aluminum (AI) duct and others. According to the shape, it is classified into triangular, square/rectangular, half-round, round and others. Depending on the application, it is classified into industrial facilities, commercial facilities, government buildings, public facilities and others. Nationally, it is clubbed in Italy, Russia, the UK, Germany and the rest of Europe.
The report provides a detailed analysis of major segments and latest market trends. It discusses in detail the driving and restraining factors and the impact of COVID-19 on the market. Moreover, it examines the regional developments and the strategies undertaken by the major market players.
Drivers and Restrictions
Adoption of direct ducts using Seals to support market development
The increasing adoption of direct ducting using sealed joints and connections increases efficiency and ensures minimal heat loss. Sealed air ducts reduce leakage and energy loss issues. They can be used in an enclosed design and provide optimum comfort, maintaining heating, ventilation, and air conditioning (HVAC) efficiency. Additionally, the growing awareness of energy saving air ducts is likely to boost their adoption in residential sectors. Rising per capita income, rapid urbanization, and increasing investment in the development of technologically advanced air ducts are likely to drive product adoption. These factors are likely to drive the growth of the air duct market in Europe.
However, the rise in ductless system installations and high duct maintenance costs may hamper the progress of the market.
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Infrastructure development and government agency support to fuel market growth in Germany
Germany is expected to dominate the air ducts market share in Europe due to increasing infrastructure development and government support to develop efficient air ducts. The market in Germany was worth USD 0.48 billion in 2020 and is expected to hold the major part of the market share during the forecast period. Also, rapid adoption of advanced technologies and increase in construction activities and industries can drive the progress of the market.
Major Players Integrate Acquisition Strategies to Grow Their Manufacturing Businesses
Leading companies operating in the market use acquisition strategies to expand their production activities. For example, in June 2021, Kingspan Group acquired LOGSTOR A/S, a leading energy efficient pre-insulated pipe and distribution system. This venture will expand the company’s production facilities and enable the company to manufacture efficient conduit and piping solutions. Additionally, the integration of research and development, partnerships, mergers, and new product launches can help companies strengthen their position in the global market.
- March 2021: Verplas Limited has signed an agreement with VEKA Compounds to supply the highest quality recycled ‘PVC-U pellets’. Verplas uses recycled virgin PVC-U for the production of its extruded duct products.
- Definition, by segment
- Methodology/Research Approach
- Data sources
- Market dynamics
- Macro and micro economic indicators
- Drivers, constraints, opportunities and trends
- Impact of COVID-19
- Short term impact
- Long term impact
- Competition landscape
- Business strategies adopted by key players
- Consolidated SWOT analysis of key players
- Porter’s Five Forces Analysis
- Overview and Market Share Analysis of Key Players of Air Ducts in Europe, 2020
- Europe Flexible Air Duct Market Analysis
- Price trend analysis
- RECENT DEVELOPMENTS
- Europe Flexible Conduit Market Share Analysis 2020
- Flexible Conduit Suppliers
- Quantitative data for the European flexible conduit market
- Key market insights and analysis, by segments
- Profiles of key players (would be provided for 10 players only)
- Key management
- Headquarters, etc.
- Offers/Business Segments
- Key details (Key details are subject to data availability in the public domain and/or on paid databases)
- Employee size
- Past and current income
- Geographic share
- Industry share
- RECENT DEVELOPMENTS
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