The global chilled beam system market size was valued at USD 203 million in 2020 and is projected to reach USD 298 million by 2025; it is expected to grow at a CAGR of 7.9% from 2020 to 2025.
The major factors driving the market growth include the 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 drive the chilled beam system market during the forecast period
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Chilled beam technology provides several benefits over a conventional HVAC system, which include energy saving, reduction of mechanical noise, and improvement of indoor air quality in retrofit, renovated, and new construction projects. Chilled beams are hydronic HVAC components that circulate chilled or heated water and are designed to induce room air flow to cool or heat the space. Chilled beams are one of the most common HVAC systems installed in Europe. However, the comfort, energy conservation, and efficiencies provided by a chilled beam system have made it a more desirable technology in North America and other emerging markets such as Asia-pacific, the Middle East, and Africa
The market for multi-service chilled beam is estimated to grow at the highest CAGR over the forecast period. Multi-service chilled beam offers an alternative to suspended ceilings for cooling, ventilation, and heating, thereby fulfilling most needs for indoor climate. These chilled beams provide very economic cooling, acoustic baffling, as well as modern lighting and are incorporated with a variety of other services such as sprinkler systems, smoke detectors, public address systems, Passive Infrared (PIR) sensors, Closed-Circuit Television (CCTV), voice and data cables, and energy control. The increasing use of multi-service beams in commercial offices, hotels, and other applications is likely to drive the market during the forecast period.
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North America is expected to be the fastest-growing chilled beam system market from 2020 to 2025. 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. The increasing commercial floor space (both existing and new additions) coupled with the need for energy efficient equipment is expected to fuel the demand for chilled beam systems in North America.
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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.
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.
