CHICAGO, Nov. 30, 2022 /PRNewswire/ -- The Global "HVAC Insulation Market by Product Type (Pipes And Ducts), Material Type (Mineral Wool And Plastic Foam), End Use (Commercial, Residential And Industrial), And Region (North America, Europe, APAC, South America, & MEA) - Global Forecast to 2027", The global market size for HVAC Insulation is estimated USD 5.8 Billion in 2022 and is projected to reach USD 7.4 Billion by 2027, at a CAGR of 5.0% between 2022 and 2027.
Browse in-depth TOC on "HVAC Insulation Market"
232 - Tables
50 - Figures
210 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75521260
A HVAC system can be defined as a system that has three functions heating, ventilation, and conditioning. To prevent heat loss, insulating material are used in the HVAC system installed in residential and non-residential buildings to maintain a healthy and comfortable indoor climate and ensure energy efficiency of that building. Various insulating materials used in this include mineral wool and plastic foams. These materials are mainly available in two types, pipes and ducts. Insulation is used in residential, commercial, and industrial buildings
In terms of value, ducts are estimated to be the largest market in the global HVAC Insulation market, by product type, during the forecast period.
Duct insulations are designed primarily to provide acoustic insulation to the ventilation system, but they also contribute to improving the thermal performance. Ductwork can be seen in every cooling and every HVAC system, whether commercial or residential. It has a major impact on the efficiency and comfort level of buildings. The demand for HVAC ducts is expected to increase across several commercial applications like hospitals, restaurants, and offices.
Mineral wool to register the highest CAGR during the forecast period
Mineral wool segment to witness a CAGR of 5.2% during the forecast period in HVAC Insulation market. The growth is attributed to the lightweight, high tensile strength, and excellent temperature controls are some of the properties driving the HVAC Insulation market. Additionally, mineral wool such as stone wool provides thermal, acoustic, and fire protection.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=75521260
Industrial is estimated to be the second-largest end-use by value in 2022
Industrial HVAC systems are an important part of structures in various industries like food & beverage, and pharmaceuticals, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors. The HVAC systems employed for heating purposes are gas or oil-fired boiler or furnace, heat pumps, rooftop units, infrared radiation, among others. Common cooling sources include rooftop units, chillers, heat pumps, and air conditioners. In industrial facilities/buildings, the materials are used for insulating, air ducts, chilled water, among other applications.
Western Europe accounted for third largest region, by value, during the forecast period
In Western Europe, the HVAC insulation market is mainly dependent on the growth of the construction industry. The region has a strong industrial base in developed economies, such as the UK, France, Italy, and Germany. The increasing necessity of safety and fire-resistance in industries of these countries are driving the demand for the HVAC insulation market in Europe. The region accounted for a market share of about 18% in the global HVAC insulation market, in 2021. The continued escalation of energy use in these developed countries has intensified the demand for energy-efficient solutions, including HVAC insulation.
Market Players
The key market players profiled in the report include Knauf Insulation (US), Owens Corning Corporation (US), Rockwool International A/S (Denmark), Saint Gobain S.A. (France), Kingspan Group Plc. (Ireland), and Armacell International S.A. (Luxembourg).
Browse Adjacent Market: Foam and Insulation Market Research Reports & Consulting
Related Reports:
Building Insulation Materials Market - Global Forecast to 2027
Acoustic Insulation Market - Global Forecast to 2026
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hvac-insulation-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/hvac-insulation.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hvac-insulation-market-worth-7-4-billion-by-2027--exclusive-report-by-marketsandmarkets-301689946.html
