Underfloor Air Distribution Systems Market Drivers, Trends, and Forecast by 2031

MARKET OVERVIEW

In buildings, underfloor air distribution system is usually installed for the delivery of providing appropriate cooling and heating facility. The underfloor air distribution system technology is highly efficient and can be effortlessly installed in buildings where centralized air conditioning is needed. The growing construction industry and rise in number of multi-store buildings is likely to drive the underfloor air distribution system market during the forecast period. Also, various key players involved in the manufacturing and installation of underfloor air distribution systems are emphasizing on making energy efficient and sophisticated systems, which is likely to drive the underfloor air distribution system market.

MARKET SCOPE

The "Global Underfloor Air Distribution Systems Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the underfloor air distribution systems market with detailed market segmentation by component, application, and geography. The report provides key statistics on the market status of the leading underfloor air distribution systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global underfloor air distribution systems market is segmented into underfloor air supply plenums, diffuser, electronic control unit, and underfloor fan terminals.
  
•   On the basis of application, the market is segmented into offices, commercial spaces, data centers, community halls and other public gatherings, exhibitions and temporary constructions, and others.
  

MARKET DYNAMICS

Drivers:

•   The need for the underfloor air distribution systems is rising due to the growing development in the construction industry and the increase in number of multi-story buildings.
  

Restraints:

•   The lack of awareness about the technology and high initial investment may hinder the growth of underfloor air distribution systems market
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The underfloor air distribution systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the underfloor air distribution systems market in these regions.

IMPACT OF COVID-19 ON UNDERFLOOR AIR DISTRIBUTION SYSTEMS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the underfloor air distribution systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from underfloor air distribution systems market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underfloor air distribution systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Advanced Ergonomic Technologies Ltd
  
•   Air System Components, Inc.
  
•   AirFixture, LLC
  
•   Carrier Corporation (United Technologies Corp.)
  
•   DuctSox Corporation
  
•   Johnson Controls International Plc.
  
•   Kingspan Group
  
•   Longden
  
•   Price Industries
  
•   TROX USA, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Underfloor Air Distribution Systems Report Scope