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 SegmentationAsia Pacific HVAC Air Ducts Market By Product Type
- Sheet Metal Ducts
- Flexible Non-Metallic Ducts
- Fiberglass Duct Boards
- Others
- Commercial
- Residential
- Industrial
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- DuctSox
- Lindab
- Waves Aircon Pvt. Ltd.
- V. K. STEEL
Asia Pacific HVAC Air Ducts Market Strategic Insights
Asia Pacific HVAC Air DuctsMarket Report Highlights
| 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
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Regions and Countries Covered
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| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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Asia Pacific HVAC Air Ducts Market Country and Regional Insights
