Middle East and Africa HVAC Air Ducts Market

The Middle East & Africa HVAC air ducts market is expected to grow from US$ 941.80 million in 2021 to US$ 1,167.51 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Green buildings offer a number of economic or financial benefits, which are relevant to a range of different people or groups of people. Green building (GB) constructions seeks to address housing demands of the growing populace with better qualities, energy efficiency, using recycled and recyclable materials, improve building lifespan and health of occupants. The building sector has the largest potential for significantly reducing greenhouse gas emissions compared to other major emitting sectors. This emissions savings potential is said to be as much as 84 gigatonnes of CO2 (GtCO2) by 2050, through direct measures in buildings such as energy efficiency, fuel switching and the use of renewable energy. Over the past few years, the region has been continuously witnessing growth in the number of green buildings across sectors such as residential, commercial, and industrial buildings. With the rise in the adoption of green building, the demand for advanced HVAC systems is also on the rise. The benefits associated with green buildings technology such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment are attracting many residential and commercial sector architects and governments to implement this technology. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market. In addition, commercial green buildings are seeking an increased volume of eco-friendly HVAC systems to reduce their dependency on petroleum products. The use of geothermal heating and cooling methods is also on the rise. Owing to the rise in demand for geothermal HVAC systems, the HVAC component manufacturers are innovating technologically advanced components including air ducts. This is propelling the growth of the Middle East & Africa HVAC air ducts market. The UAE, Morocco, Saudi Arabia, Kuwait, and Egypt are some of the key countries that faced the economic ill effects of COVID-19 pandemic in the Middle East & Africa in 2020. In the Middle East & Africa, industries such as healthcare, retail and food & beverages, along with many small and medium-sized enterprises (SMEs), faced difficulties in running their businesses. With disruptions in the global supply chain, many airlines had to face enormous economic losses. Being a crucial part of the hospitality industry since last many years, the UAE had to face tough times as the hotel occupancy rate dropped down to 20% and room rates were at AED 500. The same hotel occupancy rate during the previous year was at 85% and room rates stood at around AED 1,000. Thus, the sale of HVAC air ducts needed at various resorts and hotels were reduced to notable extent. As per the decision made by Bureau International des Expositions (BIE), Dubai expo 2020 got postponed by 1 year due to the COVID-19 pandemic. Middle East & Africa HVAC Air Ducts Market Revenue and Forecast to 2028 (US$ Million) Middle East & Africa HVAC Air Ducts Market Segmentation Middle East & Africa HVAC Air Ducts Market By Product Type - Sheet Metal Ducts - Flexible Non-Metallic Ducts - Fiberglass Duct Boards - Others Middle East & Africa HVAC Air Ducts Market By Application - Commercial - Residential - Industrial Middle East & Africa HVAC Air Ducts Market, by Country - South Africa - Saudi Arabia - UAE - Rest of Middle East & Africa Middle East & Africa HVAC Air Ducts Market -Companies Mentioned - DuctSox - Lindab - Waves Aircon Pvt. Ltd.

Middle East and Africa HVAC Air Ducts Market Strategic Insights

Middle East and Africa HVAC Air Ducts Market Segmentation Analysis

Middle East and Africa HVAC Air Ducts Market Report Highlights

Middle East and Africa HVAC Air Ducts Report Scope

Middle East and Africa HVAC Air Ducts Market Country and Regional Insights