Europe HVAC Air Ducts Market Segments and Growth by 2028
Europe HVAC Air Ducts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Boards, and Others) and Application (Commercial, Residential, and Industrial)
- Status : Published
- Report Code : TIPRE00026101
- Category : Manufacturing and Construction
- No. of Pages : 79
- Available Report Formats :
- Last update date : December 08, 2021
2021 Market Size
US$ 3,547.95 Mn
Base year value
2028 Forecast
US$ 5,009.27 Mn
Projected by 2028
CAGR 2022-2028
5.1 %
Growth rate
Addressable Market
US$ 30,453.23 Mn
(2022-2028)
The Europe HVAC air ducts market is expected to grow from US$ 3,547.95 million in 2021 to US$ 5,009.27 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The growing number of data centers across the region is positively favoring the demand for HVAC system and subsequently driving the HVAC air ducts market. Major driving factors for the construction of data centers are an increase in the use of the internet, the emergence of internet protocol as a common computer communication standard, and the continued advancements of web technology, which have served as catalysts for several common business initiatives. Another factor contributing to the surge in data center construction is the increase in the number of internet-connected devices for personal as well as commercial applications. Business professionals have started switching to wireless personal digital assistants (PDA) along with their mobile phone connection. Similarly, multiple PCs and wireless networks are frequently in use. Subsequently, the trend of more devices per user is driving the need for additional network connectivity and data center expansion. With the increasing data storage requirement, the construction of data centers is on the rise across the region. Hence, the above-mentioned factors have propelled the demand for HVAC air ducts as data centers are among the prime users of HVAC systems.In 2020, the impact of COVID-19 differed from nation to nation across the European region. In the region, major countries which were affected by the pandemic of COVID-19 are the UK, Italy, Russia, France, Germany, and Spain. Due to increasing number of recorded cases, some of these nations had to impose stringent and longer lockdown along with social isolation. Due to the robust healthcare system, western European countries were less affected as compared to other European countries. To protect the citizens from the deadly virus, the European government authorities made all the required investments for incorporating respective technologies in the healthcare systems to help identify signs of the virus. As per the estimates by the United Nations World Tourism Organization, tourism sector in EU alone suffered economic losses approximately worth EUR 1 billion per month. Thus, the requirement of HVAC air ducts needed at various lodges, hotels motels and resorts decreased considerably. Additionally, in 2021, with easing of respective restrictions and the ongoing vaccination drive, HVAC air ducts market is recovering gradually.
Europe HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe HVAC Air Ducts Market Segmentation
Europe HVAC Air Ducts Market By Product Type
- Sheet Metal Ducts
- Flexible Non-Metallic Ducts
- Fiberglass Duct Boards
- Others
Europe HVAC Air Ducts Market By Application
- Commercial
- Residential
- Industrial
Europe HVAC Air Ducts Market, by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe HVAC Air Ducts Market -Companies Mentioned
- DuctSox
- Lindab
- Waves Aircon Pvt. Ltd.
Europe HVAC Air Ducts Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,547.95 Million |
| Market Size by 2028 | US$ 5,009.27 Million |
| CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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