San Francisco, 09 October 2024: The Report Chilled Beam System Market Size, Share & Trends Analysis Report By Design (Active Chilled Beams, Passive Chilled Beams, Multi-Service Chilled Beams), By Function, By Application (Commercial Offices), By Region, And Segment Forecasts, 2024 - 2030
The global chilled beam system market size was estimated at USD 365.4 million in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The market is primarily driven by increasing demand for energy-efficient cooling solutions in commercial buildings. As energy costs rise and there is an increased focus on reducing carbon emissions, both commercial and residential constructions are integrating systems that offer energy efficiency advantages. Chilled beam systems, which use less energy than traditional air conditioning systems by relying on water for heating and cooling, align perfectly with this trend.
A chilled beam system is a type of heating, ventilation, and air conditioning (HVAC) technology used to heat and cool large buildings. It's a water-based system that relies on the principle of convection to regulate the temperature within indoor spaces. Many organizations are moving toward greener, more sustainable building practices. Chilled beam systems, being more energy-efficient and using water as a transfer medium, align well with these sustainability goals.
The rising demand for improved indoor air quality (IAQ) and thermal comfort in buildings. Chilled beam systems provide superior air quality as they do not recirculate air, thus lowering the risk of spreading airborne contaminants. This aspect has become particularly pertinent in the wake of global health concerns, notably the COVID-19 pandemic, which has amplified focus on IAQ in public buildings, offices, and healthcare facilities.
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Technological advancements and regulatory support are driving the market. Innovations in chilled beam designs, including the integration of smart controls and improved aesthetics, have broadened their appeal and application range. Additionally, governments and regulatory bodies across the globe are setting stringent energy efficiency standards and offering incentives for green building practices. Such policies encourage the adoption of energy-saving technologies like chilled beam systems. As the technology gains in sophistication and the regulatory environment continues to favor sustainable construction practices, the market for chilled beam systems is expected to witness significant growth, making them a key component in future HVAC solutions.
Chilled Beam System Market Report Scope
Report Attribute Details Market size value in 2024 USD 384.6 million Revenue forecast in 2030 USD 594.4 million Growth Rate CAGR of 7.5% from 2024 to 2030 Base year for estimation 2023 Historical data 2018 - 2022 Forecast period 2024 - 2030
Moreover, chilled beams operate silently, enhancing the comfort of occupants by eliminating noise associated with traditional forced-air systems. This silent operation, coupled with efficient humidity control, makes chilled beam systems appealing in settings where noise minimization and air quality are paramount, such as hospitals, laboratories, and educational institutions.
While the chilled beam system market has significant benefits and drivers, it faces a notable restraint in the form of high initial installation costs. The complexity of integrating these systems into existing or new buildings demands specialized design considerations and can lead to increased upfront expenditures.
Key Chilled Beam System Companies:
The following are the leading companies in the chilled beam system market. These companies collectively hold the largest market share and dictate industry
• EB AIR CONTROL INC. • FTF Group • Level Solutions Group • Halton Group • Fläkt Woods • Temperature Equipment Corporation (TEC) • TROX GmbH • Dadanco • Arbonia
The report "Chilled Beam System Market with COVID-19 impact by Design (Active, Passive, Multi-Service), Business (New Construction, Renovation), Application (Commercial Offices, Educational Institutions, Healthcare, Hotels), Geography - Global Forecasts to 2025", size is projected to reach USD 298 million by 2025 from USD 203 million in 2020 at a CAGR of 7.9%.
Increasing need for energy savings coupled with various benefits offered by chilled beam systems such as thermal comfort, floor to floor savings, and improved air quality over traditional HVAC systems are expected to drive the chilled beam system market during the forecast period.
This induction process allows an active chilled beam to provide a higher cooling capacity than a passive chilled beam and also helps to prevent condensation by maintaining a trade-off between temperature and latent load.
These solutions provide the desired comfort to guests and react to changes in occupancy by quickly changing the room temperature.
North America comprises the US, Canada, and Mexico.
The increasing demand for energy-efficient ventilation and air condition systems and tightening of building codes with respect to energy consumption in order to achieve environmental emission targets is likely to drive the regional chilled beam system market.
Global Chilled Beam System Market size was valued at US$ 203 Mn.
in 2020 and the total revenue is expected to grow at 7.9 % through 2021 to 2027, reaching nearly US$ 345.66 Mn.The Chilled Beam System Market Size 2021-2027 provides detailed competitive analysis, including market share, size, future scope, and future outlook.
It also analyses the market drivers and opportunities.Global Chilled Beam System Market OverviewBecause they are lightweight and foldable, these Chilled Beam System are easy to transport and operate.
Companies are investing heavily in new electric mopeds and scooters to make them more efficient.Get a Sample PDF of the Report at : Request Free Sample Report List Of TOP KEY PLAYERS in Chilled Beam System Market Report are -• Airfixture, LLC• Airvent• Barcol-Air Group Ag• Carrier• Caverion Corporation• Climate Technologies• EB Air Control Inc.• Flaktgroup Holding Gmbh• FTF Group (Frenger Systems)• Grada International Inc.• Halton Group• Johnson Controls International plc.• Kiefer Klimatechnik Gmbh• Krantz Limited• Lindab• Madel Air Technical Diffusion• Nuclimate Air Quality Systems, Inc.• Price Industries• Roccheggiani Spa• Solid Air International• Swegon Group Ab• Systemair Ab• Titus• Trox Gmbh• TWA Panel Systems, Inc.COVID-19 Impact on Market:In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world.
Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries.
This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures.
The report also opens up on a detailed investigation of various market factor such as growth path, trends, revenue, challenges and opportunity during the forecast timeline.
Therefore, this report includes a full-scale market assessment that will help to acquire a deeper understanding of competitive benchmarking, market forecasts, company market share and market dynamics.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the chilled beam system market include Halton Group, Lindab, Swegon Group Ab, Climate Technologies, Flaktgroup Holding Gmbh, Ftf Group, Price Industries, Systemair Ab, Trox Gmbh, and Johnson Controls International plc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Chilled Beam System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/chilled-beam-system-market/download-sampleMarket DynamicsThe growing need for energy-efficient HVAC systems to heat and cool large buildings is the key trend for this market's growth.
Availability of prefabricated units enabling rapid installation and service connections with reduced costs will benefit market growth.
The demand for chilled beam systems is growing at a steady pace for offices, science laboratories, hospital patient rooms due to their silent functioning, low energy consumption, and high indoor air quality.
