Air Ducts Market Size

Air Ducts Market Size

Air Ducts Market size valued at USD 4.36 billion in 2020 and is anticipated to exhibit a CAGR of over 3.3% from 2021 to 2027. Increasing construction spending across the globe is expected to drive the industry growth.

According to the survey of the U.S. Census Bureau, construction in the U.S. surpassed USD 1.4 trillion in 2020 from 1.1 trillion in 2015. On the other hand, the Beijing Municipal Corporation of Development and Reform announced 300 construction projects worth USD 36 billion in 2020. Since air ducts are highly used in modern buildings to enhance the overall indoor air quality, these key trends are likely to fuel the installation of the product.
 

The increasing emissions from building and construction activities have encouraged developed nations to take initiatives in order to curb the environmental impacts from the construction sector. Additionally, the growing penetration off LEED certified houses in the U.S. is significantly driving the demand for air ducts. This is majorly attributable to the fact that 90% of Americans spend most of their time indoors, where pollutants are concentrated by more than two to five times than outdoors. Such trends will further reflect the need for creating energy-efficient buildings in the near term.