Saudi Arabia Air Duct Market Will Generate $74.8 Million Revenue by 2030: P&S Intelligence
NEW YORK, Dec. 7, 2022 /PRNewswire/ — According to the latest market research study published by P&S Intelligence, 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.
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.
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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.
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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.
Global Saudi Arabia Air Duct Market Report Coverage
- Galvanized steel
- Half Round
- Commercial Buildings and Offices
- Transportation and Public Infrastructure
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About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
SOURCE P&S Intelligence
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