Asia Pacific HVAC Air Ducts Market Share by Size and Growth 2028

The Asia Pacific HVAC air ducts market is expected to grow from US$ 5,901.65 million in 2021 to US$ 7,635.18 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028.

The growing application of geothermal heat pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. Geothermal heat pumps are gaining popularity in the market, owing to their highly efficient renewable energy technology, which provides both heating and cooling by using stable temperatures from the earth. A GHP system is a central heating or cooling system that pumps heat to or from the ground. It uses the earth as a heat source (in the winter) or a heat sink (in the summer). This is a technology that is gaining wide acceptance for both residential and commercial buildings. The technology is widely used for heating and cooling for premises, and its wide acceptance in coming years is expected to increase the demand for HVAC air ducts across Asia Pacific.

As per the Organization for Economic Co-operation and Development (OECD), the COVID-19 pandemic significantly affected economies such as India, Australia, and Japan. Due to inadequate health and medicine facilities, government authorities imposed restrictions at production sites. Also, in some nations, the transport of non-essential commodities and goods was restricted. As per the Purchasing Managers' Index surveys, manufacturing indices in Vietnam, Indonesia, and the Philippines fell considerably. Due to movement restrictions, various companies introduced work from home to their employees where it was possible. This impacted the demand for corporate HVAC air ducts severely. In 2021, with more people getting vaccinated and easing of pandemic restrictions, many industries have resumed operations. Therefore, the HVAC air ducts market in Asia Pacific is anticipated to grow promisingly after the pandemic.

Asia Pacific HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific HVAC Air Ducts Market Segmentation
Asia Pacific HVAC Air Ducts Market By Product Type

Sheet Metal Ducts
Flexible Non-Metallic Ducts
Fiberglass Duct Boards
Others

Asia Pacific HVAC Air Ducts Market By Application

Commercial
Residential
Industrial

Asia Pacific HVAC Air Ducts Market, by Country

Australia
China
India
Japan
South Korea
Rest of Asia Pacific

Asia Pacific HVAC Air Ducts Market -Companies Mentioned

DuctSox
Lindab
Waves Aircon Pvt. Ltd.
V. K. STEEL

Asia Pacific HVAC Air Ducts Market Strategic Insights

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Asia Pacific HVAC Air Ducts Market Segmentation Analysis

Asia Pacific HVAC Air Ducts Market Report Highlights

Asia Pacific HVAC Air Ducts Report Scope

Report Attribute	Details
Market size in 2021	US$ 5,901.65 Million
Market Size by 2028	US$ 7,635.18 Million
CAGR (2021 - 2028)	3.7%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Sheet Metal Ducts Flexible Non-Metallic Ducts Fiberglass Duct Boards By Application Commercial Residential Industrial
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	DuctSox Lindab Waves Aircon Pvt. Ltd. V.K. STEEL