Sellbyville, DE -- (SBWIRE) -- 05/15/2019 -- Global Market Insights recently introduced new report on global Fiberglass Duct Wrap Insulation market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Fiberglass Duct Wrap Insulation industry considering all the major industry trends, market dynamics and competitive scenario.

The increasing awareness among the masses regarding energy conservation is one of the most essential drivers of fiberglass duct wrap insulation market. Considering the seriousness of the energy consumption scenario, HVAC system manufacturers have of late, begun to provide acoustic and thermal insulation with duct wrap. Though the initial cost of these duct insulators is a tad bit high, they are still deployed extensively, on account of their outstanding insulating capability and the ability to reduce unwanted heat loss from air conditioning and ventilating systems.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/1768

Armed with the intent to minimize the potential threats of hazardous air quality, major giants in fiberglass duct wrap insulation industry are proactively involved in product enhancement. Speaking of air quality, it is important to note that the demand for improving indoor air quality has led to the renovation of myriad commercial buildings across the globe. As HVAC systems provide uncontaminated and cleaner air, they are expected to observe a surge in demand, fueling fiberglass duct wrap insulation market size in the forthcoming years.

The U.S. Department of Energy unveiled that in the last few years, in about 90% of new homes, cooling and heating duct systems have been deployed. In addition, these ducts have also been deployed in commercial buildings. The exponentially increasing investments in residential as well as commercial sectors is thus likely to provide profitable opportunities for fiberglass duct wrap insulation industry players. Further opportunities will also be on the cards, with the growing need of repairs and maintenance of these ducts.

Duct repair is an essential activity that results in improved safety, reduced fuel cost, and enhanced comfort. Having recognized the same, even customers are giving preference for immediate repair work. Heating and cooling duct systems often lose energy through air leakage via a small hole and cracks & experience heat loss through duct walls. In order to increase the energy efficiency of the refrigeration of air-conditioning systems, fiberglass insulation is used prominently in recent times – a trend that is augmenting fiberglass duct wrap insulation market outlook.

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/1768

Nowadays, fiberglass duct insulation is quickly becoming one of the prominent components to be installed across commercial, industrial, and residential buildings for ventilating, heating, and air-conditioning systems. The growing need for comfort and high economic benefits are the main reasons behind the escalating deployment of fiberglass duct wrap for insulation. The presence of a regulatory framework supporting infrastructure development for enhancing the acoustical environment of buildings is a factor that is further slated to stimulate industry growth over the years ahead. Driven by the shifting trend toward energy efficiency, by the end of 2024, fiberglass duct wrap insulation market is expected to generate a revenue of more than USD 2 billion.

The main aim of product manufacturers is to the improve durability and energy-efficiency of buildings and provide a comfortable living and working environment. With consistent investments in innovative product development, manufacturers are this likely to better the future prospects of fiberglass duct wrap insulation market.

The Fiberglass Duct Wrap Insulation market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Fiberglass Duct Wrap Insulation market based on product, technology, end user and region.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/fiberglass-duct-wrap-insulation-market

Many players in fiberglass duct wrap insulation market are continuously striving to deliver innovative products for enhancing the experience of customers. A few days before, one of the leading producers of filament fiberglass, Johns Manville made it to the headlines for planning to launch a novel product portfolio at the NPE2018. With a widespread application base spanning thermal, waterproofing, acoustic insulation, and glass fiber composites, Johns Manville has already been holding a competitive position in fiberglass duct wrap insulation industry. Following its example, most of the companies are striving to consolidate their position in this vertical with investments in product enhancement.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.