Chilled Beams Market: Growth Prospects, Key Vendors, Future Scenario Forecast to 2026
Global chilled beams market is anticipated to depict a CAGR of 4.0% through 2026, having recorded a valuation of USD 37.84 million in 2019. By 2026, the market is expected to hit a remuneration of USD 431.5 million.
Chilled beams are ideal for application in hotels & leisure sector, retail, residential & commercial settings, industries, offices, and other areas. Retail sector is generating considerable demand for chilled beam systems due to requirement of both high performance cooling along with a better aesthetic design. Many shops, supermarkets and departmental stores owners are incorporating chilled beams in a bid to ensure comfort of customers in the marketplace.
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As the whole world is moving towards a low GHG emission goal, the demand for efficient cooling systems in buildings is driving chilled beams industry outlook. Chilled beam systems are being preferred over traditional HVAC or VAV due to their easy maintenance and quieter working. Fan use is minimized in chilled beam systems that significantly saves energy. Also, they offer better thermal comfort due to better air-distribution pattern.
Passive chilled beams make as an excellent option for cooling in labs or other spaces where human resource or machine processes generate high heat loads, especially where equipment or other manufacturing products are sensitive to changes in pressure or ventilation and do not require additional airflow. In 2019, passive chilled beams held over 15% of the global share. The systems work on the mechanism of convention to provide cooling and are extensively used only for cooling purposes.
In 2019, gypsum chilled beams accounted for 20% in the overall global demand for chilled beams market. These systems are witnessing heavy demand due to their key benefits of aesthetics appeal along with thermal comfort. Some of the key application areas of gypsum chilled beam systems are auditoriums, high standard conference rooms and shopping marts.
North America is one of the prominent regions driving chilled beams market, and is expected to account for more than 28% of the overall chilled beam systems demand within the forecasted timeframe. Countries in North America are imposing stringent regulations to promote the use of sustainable, energy efficient solutions. In fact, local governments in the US are urging building owners to set energy efficiency goals as well as minimize their energy consumption. Authorities have introduced seven programs on energy efficiency under building solution centers which further offers a model for replication.
Local governments in Fort Worth, GA, Atlanta and Texas are encouraging building owners to reduce energy consumption and follow energy efficiency goals. Increasing awareness among regional population regarding energy efficiency is likely to result in an increased demand for chilled beams in the forthcoming years. Some of the key chilled beams companies are Halton Groups, Trox, Frennger Systems, SAS International among others.
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Some Point from Table of Contents:
Chapter 6. Chilled Beams Market, By Application
6.1. Global Chilled Beams market application insights
6.2. Offices
6.2.1. Market estimates and forecast, 2016 - 2026
6.2.2. Market estimates and forecast by region, 2016 - 2026
6.3. Hotels & leisure
6.3.1. Market estimates and forecast, 2016 - 2026
6.3.2. Market estimates and forecast by region, 2016 - 2026
6.4. Retail
6.4.1. Market estimates and forecast, 2016 - 2026
6.4.2. Market estimates and forecast by region, 2016 - 2026
6.5. Industrial
6.5.1. Market estimates and forecast, 2016 - 2026
6.5.2. Market estimates and forecast by region, 2016 - 2026
6.6. Others
6.6.1. Market estimates and forecast, 2016 - 2026
6.6.2. Market estimates and forecast by region, 2016 - 2026
Chapter 7. Chilled Beams Market, By Industry
7.1. Global Chilled Beams market industry insights
7.2. New construction
7.2.1. Market estimates and forecast, 2016 - 2026
7.2.2. Market estimates and forecast by region, 2016 - 2026
7.3. Renovation
7.3.1. Market estimates and forecast, 2016 - 2026
7.3.2. Market estimates and forecast by region, 2016 - 2026
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