Product ID: SQMIR20B2067
Europe Air Duct Market Size, Share, Growth Analysis, By Shape(Rectangular, Round), By Application(Office Spaces, Airport & Rapid Transit), By Material(Galvanized Steel, Aluminum) - Industry Forecast 2024-2031
Report ID:
SQMIR20B2067 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Europe Air Duct Market Insights
Europe Air Duct Market size was valued at USD 2.16 Billion in 2022 and is poised to grow from USD 2.26 Billion in 2023 to USD 3.21 Billion by 2031, at a CAGR of 4.5% during the forecast period (2024-2031).
The European air duct market is witnessing a steady growth period, which will continue in coming years. The market’s flourishing position can be credited to several factors. The Heating, Ventilation, and Air Conditioning (HVAC) and construction industries are targeting air ventilation solutions that prioritize environmental health and energy efficiency, channeling market innovation and growth.
Additionally, the demand for advanced air duct systems has risen among the household and commercial sectors. This is due to the heightened need for well-ventilated living or seating areas, coupled with the growing awareness of air quality and its effect on human health.
There are other factors that are boosting the demand and adoption of advanced ductwork. Rigid building codes and standards relating to emissions and consumption of energy have driven the need for innovative and green solutions in this market. In response to this trend, market participants are prioritizing the introduction of efficient and ecologically sound solutions. They are making huge investments in the innovation of different materials and designs that can achieve that.
The European air duct market is widely focused in the western region, mainly in the UK and Germany. However, countries in Northern Europe, like Sweden and Denmark are expected to be the fastest growing segments in the market. The countries in the Eastern European region are also raising the bar and contributing tremendously to air duct market growth.
Additionally, the ongoing urbanization and construction activities across Europe are creating opportunities for the expansion of the air duct market, as new buildings require efficient ventilation systems to meet modern living and working standards.
Europe Air Duct Market Report Snapshots
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