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EXCITED, November 30, 2022 /PRNewswire/ — The World “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, EuropeAPAC, South America& MEA) – Global Forecast to 2027″, The global market size for HVAC Insulation is estimated USD 5.8 billion in 2022, it is expected to arrive USD 7.4 billion in 2027, at a CAGR of 5.0% between 2022 and 2027.
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232 – Table
50 – Figures
210 – Page
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An HVAC system can be defined as a system that has three functions: heating, cooling and cooling. To prevent heatstroke, air conditioners are used in HVAC systems installed in residential and non-residential buildings to maintain a healthy and comfortable indoor climate and ensure energy efficiency. of the strength of that building. There are many different insulation materials used in this including mineral wool and plastic foam. These materials are available in two types, pipes and tubes. Insulation is used in residential, commercial, and industrial buildings
In terms of value, tapes are expected to be the largest market in the global HVAC Insulation market, by product type, during the forecast period.
Duct insulations were originally designed to provide acoustic insulation to the exhaust system, but they also play a role in improving thermal performance. Ductwork is found in every refrigeration and HVAC system, whether commercial or residential. It has a significant impact on the energy and comfort level of buildings. Demand for HVAC ducts is expected to increase across commercial applications such as hospitals, restaurants, and offices.
Mineral wool is expected to register the highest CAGR during the forecast period
The mineral wool segment is expected to exhibit a CAGR of 5.2% during the forecast period in the HVAC Insulation market. Growth related to lightness, energy efficiency, and good temperature control are some of the factors driving the HVAC Insulation market. In addition, mineral wool such as rock wool provides heat, sound, and fire protection.
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Industry is expected to be the second-largest end-use by value in 2022
Industrial HVAC systems are an important part of infrastructure in various industries such as food and beverage, and pharmaceuticals, where safe and healthy building conditions are determined in terms of temperature and humidity, by use fresh air from outside. HVAC systems used for heating include air or oil vapor or furnaces, heat pumps, rooftop units, infrared radiation, etc. Common sources of heat include rooftop units, heaters, heat pumps, and vents. In industrial buildings/houses, materials are used for insulation, ventilation, cold water, and other applications.
Western Europe accounted for the third largest region, by value, during the forecast period
Inside Western Europe, the HVAC air conditioning 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, Italya Germany. The growing need for safety and fire prevention in industries in these countries is driving the demand for the HVAC cooler market in Europe. It is poised for a market share of 18% in the global HVAC market by 2021. The continuous increase in energy consumption in these developed countries has increased the demand for energy-efficient solutions, including HVAC insulation.
Market players
Key market players profiled in the report include Knauf Insulation (US), Owens Corning Corporation (US), Rockwool International A/S (Denmark), Saint Gobain SA (France), Kingspan Group Plc. (Ireland), and Armacell International SA (Luxembourg).
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Construction Furniture Market – Global Forecast to 2027
Acoustic Insulation Market – Global Forecast to 2026
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