NEW YORK, Feb. 22, 2017 /PRNewswire-iReach/ — The HVAC air duct market report considers the revenue generated from the sales of HVAC air ducts. Worldwide, the construction industry is pursuing various energy-efficient methods and is actively investing in energy-efficient solutions to counter rising energy costs without compromising on the quality of the services provided. The commercial sector is increasingly adopting green systems in buildings to promote a healthy and productive environment, increase efficiency, and reduce the impact on the surroundings. As a result, these systems earn Leadership in Energy and Environmental Design (LEED) certification or Energy Star designation.
Complete report on HVAC air duct market spread across 62 pages, analyzing 3 major companies and providing 20 data exhibits is now available at http://www.reportsnreports.com/reports/857502-global-hvac-air-ducts-market-2017-2021.html .
The analysts forecast the global HVAC air duct market to grow at a CAGR of 5.25% during the period 2017-2021. Heating, ventilation, and air conditioning (HVAC) is one of the most energy-intensive systems in commercial and residential buildings. Air ducts are conduits or passages used in HVAC to distribute and ventilate air. Supply air, return air, and exhaust air are the needed airflows in an HVAC system that flow through HVAC air ducts. Ducts commonly also deliver ventilation air along with the supply air. As such, air ducts are one method of ensuring acceptable IAQ as well as thermal comfort.
The report, Global HVAC Air Ducts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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The growth of the construction industry plays a significant role in boosting the global HVAC air ducts market. New constructions in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, cumulating into demand for HVAC air ducts. Innovations in building design and the increased focus on energy efficiency in buildings have created an opportunity for HVAC air duct manufacturers to expand their foothold in the market.
Further, the report states that the HVAC market is capital-intensive, which is restricting the greater use of HVAC systems, thus negatively impacting the HVAC air ducts market. HVAC market vendors face difficulty in investing the substantial amounts that the R&D of this equipment requires and in marketing campaigns. Many end-users also struggle to purchase HVAC equipment as it requires high initial investment. In developing countries, especially, the high cost hinders many residential users from buying HVAC equipment such as household furnaces, ACs, and others.
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