Dublin, March 21, 2023 (GLOBE NEWSWIRE) -- The "Saudi Arabia Air Duct Market Analysis by Material, Shape, Application - Global Industry Demand forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
According to the latest market research study, in 2021, the size of the Saudi Arabian air duct market was $36.4 million, which will witness an 8.4% CAGR from 2021 to 2030, to hit $74.8 million in 2030.
Companies Covered
- Zamil Air Conditioners
- Trane Technologies plc
- Al Salem Johnson Controls
- Cold Oasis Group (COG)
- Technical Duct Factory
- Air Duct Factory
- Saudi Akhwan Ducting Factory Co. Ltd.
- NAVCO
- Century Mechanical Systems Group (CMS)
- Sharqawi Air Distribution System Factory
- Safid Co. Ltd.
- Arabian Thermal Aire Industries Co. Ltd.
- Gulf Heavy Industries Co.
- Empower Air Technologies
The growing demand for comfort and effective airflow control is resulting in the increasing sale of such products in the country. The industry is projected to grow mainly because of the snowballing ventilation requirement throughout the country.
These products are used in several industries, including pharmaceutical, hospitality, food & beverage, aerospace & defense, semiconductor, and electronics.
Largest Share Is Captured by Galvanized Steel
The market is divided into aluminum, polymers, fiberglass, and galvanized steel, based on material. In this segment, a share of roughly 55% is held by galvanized steel. This can be credited to the toughness, longer life, cost-effective maintenance, and many other qualities of this material.
Hospitality Category Will Grow Rapidly
The hospitality division will likely advance at the highest rate, of about 10%, in the coming years. This is because of the strong efforts of the Government of Saudi Arabia to boost the value of the nation as a tourist destination.
Market in Western Saudi Arabia Will Grow Fastest
Western Saudi Arabia, in the terms of sales value, will grow at the highest rate, of more than 9%, in the coming years. The western coast is designated to be developed as a new vacation place in the nation because of its astonishing biodiversity. This will promote tourism and the construction of hospitals, thereby driving HVAC and associated component sales.
Rapid Adoption of Smart HVAC Systems
The surging acceptance of intelligent HVAC systems is driving the demand for air ducts in Saudi Arabia. The design advancements in these appliances' electrical & mechanical components and controls & operations have allowed for a reduction in their energy usage, without resetting the operating parameters, such as air humidity and temperature, and compromising on comfort.
Further, the country is focusing on catering to the growing housing demands with energy efficiency and better qualities, which is propelling green building construction. Such buildings, additionally, use recyclable and recycled materials for improved durability.
These benefits of green buildings are fascinating the government and several commercial and residential architects and attracting them to incorporate smart appliances and systems.
Therefore, in the recent past, there has been a rapid rise in the count of green industrial, commercial, and residential buildings in Saudi Arabia, which is contributing to the growing sale of advanced air ducts.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Saudi Arabia Air Duct Market Ecosystem
Chapter 6. Market Indicators
6.1 Growing Tourism in Saudi Arabia
Chapter 7. Definition of Market Segments
7.1 By Material
7.1.1 Galvanized Steel
7.1.2 Aluminum
7.1.3 Fiberglass
7.1.4 Polymer
7.2 By Shape
7.2.1 Round
7.2.2 Half Round
7.2.3 Triangular
7.2.4 Square/Rectangular
7.2.5 Others
7.3 By Application
7.3.1 Residential
7.3.2 Commercial Buildings and Offices
7.3.3 Transportation and Public Infrastructure
7.3.4 Retail
7.3.5 Hospitality
7.3.6 Healthcare
7.3.7 Industrial
7.3.8 Others
Chapter 8. Industry Outlook
8.1 Market Dynamics
8.1.1 Trends
8.1.1.1 Installation of smart HVAC systems
8.1.2 Drivers
8.1.2.1 Increasing infrastructure development activities
8.1.2.2 Growing number of data centers
8.1.2.3 Expanding hospitality sector
8.1.2.4 Increasing adoption of green building technology
8.1.3 Impact Analysis of Drivers on Market Forecast
8.1.4 Restraints
8.1.4.1 Intense competition from ductless HVAC systems in residential segment
8.1.5 Impact Analysis of Restraints on Market Forecast
8.1.6 Opportunities
8.1.6.1 Rising application of geothermal heat pumps
8.2 Impact of COVID-19
8.3 Industry Lifecycle
8.4 Porter's Five Forces Analysis
8.5 List of Raw Material Suppliers
8.6 Cost Analysis of Air Ducts
Chapter 9. Saudi Arabia Air Duct Market
9.1 Overview
9.2 Market Revenue, by Material (2017-2030)
9.3 Market Revenue, by Shape (2017-2030)
9.4 Market Revenue, by Application (2017-2030)
9.5 Market Revenue, by Region (2017-2030)
Chapter 10. Competitive Landscape
10.1 Competitive Benchmarking of Key Players
10.2 Market Share Analysis of Key Players
Chapter 11. Company Profiles
Chapter 12. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/u3hp78
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