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European Air Ducts Market size to cross $1.4 Bn by 2027
Published Date: 2021-08-05
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European Air Ducts Market size is anticipated to reach USD 1.4 billion by 2027, according to a latest forecast report by Graphical Research. The rapid urbanization has created new growth opportunities for industry in the region. Government authorities are planning to build complex infrastructure around the city, which is expected to drive air duct installation.
Ongoing initiatives for energy conservation will drive the market growth. According to the European Building Performance Institute (BPIE), smart ventilation technology can reduce the energy consumption of residential buildings by 27% and save about 23% of electricity in the offices. The International Energy Agency's 2017 Digitization and Energy Saving Report pointed out that by 2040, digital buildings can save 10% of the total energy consumption of commercial buildings. Heating, ventilation, and ducted air conditioning (HVAC) will inevitably come into play a vital role in this context, as the sustainable development movement will intensify in the next few years.
The aluminum segment will observe around 2% CAGR in Europe air ducts market by 2027. Aluminum duct is mainly used to move air through structures or buildings, such as in air conditioning or heating systems. These benefit from characteristics such as lightness and resistance to corrosion due to non-ferrous nature. Aluminum ducts are very suitable for eliminating hot and humid air from the dryer, thus propelling the industry growth.
Browse detailed statistical insights from the report, “Europe Air Duct Market Forecast 2027 By Application (Office Spaces, Airport & Rapid Transit, Retail Stores & Shopping Complexes, Hospitality, Multiplex/Auditorium, Hospitals, Manufacturing), By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers), By Shape (Rectangular, Round, Oval), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Round duct segment is predicted to generate over USD 740 million by 2027. Compared with other shapes, the high efficiency of air transportation is considered to be a key factor in creating round ducts. These tubes have a large cross-sectional area and a minimum contact area which has propel the product demand. In addition, round ducts achieve excellent acoustic properties and reduce the possibility of dirt and smoke accumulation, thereby creating a healthier indoor climate, which drives the segment penetration.
In 2020, the retail stores and shopping complexes segment generated over USD 190 million in Europe air ducts market. Retail stores and large commercial spaces are usually energy-intensive, which is largely due to high number of visitors, abundant lighting and other energy-consuming devices. HVAC needs to adapt constantly changing environmental conditions and work efficiently at the same time, that will bolster the industry growth.
The European air ducts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Material
- Galvanized steel
Europe Market, By Shape
Europe Market, By End-Use
- Office spaces
- Airports & metros
- Retail store and shopping complexes
The above information has been provided for the following countries:
- Rest of Europe