Heating, Ventilation, and Air Conditioning (HVAC) Ductwork Global Market Report 2025

The heating, ventilation, and air conditioning (HVAC) ductwork market size has grown strongly in recent years. It will grow from $10.63 billion in 2024 to $11.6 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. Growth during the historic period can be attributed to increasing urbanization, rising construction activity, growing demand for energy-efficient systems, expansion of commercial infrastructure, and heightened awareness of indoor air quality.

The heating, ventilation, and air conditioning (HVAC) ductwork market size is expected to see strong growth in the next few years. It will grow to $16.25 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. Growth in the forecast period can be attributed to the growing adoption of smart buildings, rising demand for automated HVAC solutions, expanding government initiatives focused on energy efficiency, growth in residential and commercial development, and increasing preference for sustainable HVAC systems. Major trends expected in the forecast period include technological advancements in HVAC ductwork, innovations in energy-efficient materials, developments in smart duct systems, research and progress in intelligent airflow management, and the adoption of IoT and automation across HVAC systems.

The growing construction of residential and commercial buildings is expected to drive the growth of the heating, ventilation, and air conditioning (HVAC) ductwork market. This increase in construction is largely fueled by urban population growth, as more people move to cities, creating a higher demand for housing and office spaces. HVAC ductwork plays a key role in enhancing these buildings by ensuring efficient heating, ventilation, and air conditioning systems that improve indoor air quality, comfort, and energy efficiency, making spaces more attractive and livable. For example, in July 2025, the U.S. Census Bureau reported that office construction spending in the U.S. reached $42.24 billion, marking a 1.7% increase from the previous year’s $41.53 billion. As a result, the growing construction of residential and commercial buildings is contributing to the expansion of the HVAC ductwork market.

Companies in the HVAC ductwork market are focusing on developing advanced solutions such as fully integrated smart-home heat pump platforms to improve system efficiency and simplify installation. A fully integrated smart-home heat pump platform combines core heat pump technology with smart-home connectivity, seamless integration with existing ductwork, and an easier installation process. This results in quieter operation, better performance in cold climates, and lower installation costs. For example, in September 2025, Jetson, a U.S.-based provider of advanced air conditioning and heating solutions, launched the Jetson Air smart-home heat pump platform. The system offers a one-day installation model, compatibility with existing ducts, quiet operation, and reliable performance in cold climates. Its key features include full integration with smart home systems, retrofit readiness for existing ductwork (eliminating the need for major modifications), and simplified installation that reduces labor time and overall costs compared to traditional heat pump systems.

In March 2024, Lindab Group, a Sweden-based provider of energy-efficient ventilation systems, acquired Airmaster for an undisclosed amount. The acquisition allows Lindab to expand its product portfolio and establish a new business area in decentralized ventilation solutions. Airmaster, based in Denmark, is a manufacturer of HVAC ducts, and the acquisition strengthens Lindab’s position in the HVAC market by broadening its offerings and enhancing its capabilities in decentralized ventilation.

Major players in the heating, ventilation, and air conditioning (HVAC) ductwork market are Honeywell International Inc., Mitsubishi Electric Corporation, Daikin Industries, Johnson Controls, Carrier Global Corporation, Trane Technologies, Kingspan Group, Lennox International Inc., Lindab, Greenheck Fan Corporation, Systemair AB, Zehnder Group, Swegon Group, TROX GmbH, Mestek Inc., Imperial Manufacturing Group, DuctSox Corporation, Spiro International, Airmake Cooling Systems, and FabricAir.

North America was the largest region in the heating, ventilation, and air conditioning (HVAC) ductwork market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in heating, ventilation, and air conditioning (HVAC) ductwork report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heating, ventilation, and air conditioning (HVAC) ductwork market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

The heating, ventilation, and air conditioning (HVAC) ductwork market research report is one of a series of new reports that provides heating, ventilation, and air conditioning (HVAC) ductwork market statistics, including heating, ventilation, and air conditioning (HVAC) ductwork industry global market size, regional shares, competitors with a heating, ventilation, and air conditioning (HVAC) ductwork market share, detailed heating, ventilation, and air conditioning (HVAC) ductwork market segments, market trends and opportunities, and any further data you may need to thrive in the heating, ventilation, and air conditioning (HVAC) ductwork industry. The heating, ventilation, and air conditioning (HVAC) ductwork market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Heating, ventilation, and air conditioning (HVAC) ductwork refers to the network of channels that distribute conditioned air throughout a building. It enables efficient airflow management, ensuring consistent indoor temperature and air quality. The system improves energy efficiency by directing air precisely where it is needed. HVAC ductwork supports a comfortable, healthy indoor environment while optimizing the performance of heating and cooling systems.

The main types of HVAC ductwork include galvanized steel, aluminum, fiberglass, and flexible ducting. Galvanized steel refers to steel sheets coated with zinc to prevent corrosion and enhance durability in air distribution systems. Installation types include new installation and retrofit, and the ducts come in various shapes such as rectangular, round, and oval. HVAC ductwork is used in residential, commercial, and industrial applications, with key end users including HVAC contractors, builders, facility managers, and others.

The heating, ventilation, and air conditioning (HVAC) ductwork market consists of sales of stainless steel ductwork, phenolic insulated ductwork, polyurethane (PIR) and polyisocyanurate insulated ductwork, and duct board. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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