According to the research report titled ‘Chilled Beams Market Size By Product, By Material, By Application, By Business, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global chilled beams market is anticipated to register tremendous growth during 2020-2026.
 

Growing adoption of multiservice chilled beams systems and focus towards developing energy efficient buildings are major factors expected to drive the market growth over the coming years. Notably, a chilled beam is an air distribution equipment with essential coil which can be installed in a space in order to give sensible heating and cooling. They are majorly used for ventilating spaces where both individual space control and indoor environment control are important. Chilled beams use water to eliminate heat from a room and are deployed to control humidity.
 

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Benefits like simplicity in operation, energy efficiency, space adaptability, minimum maintenance requirements, and potential decrease in initial costs are favoring the adoption of chilled beams. Furthermore, they reduce the size and number of fans required in a building, thereby inducing power saving, which in turn is impelling the market outlook.
 

Based on the product spectrum, global chilled beams market is segmented into active, multiservice beams, and passive. Among these, multiservice segment is expected to witness modest growth over the ensuing years.
 

With respect to application scope, the market is segmented into retail, industrial, offices, hotels & leisure, and others. The report cites that industrial segment is poised to grow rapidly through 2026, as chilled beams are widely used across manufacturing plants and industries. Meanwhile, market share from others sector, which consists of pharmaceutical and education, is expected to witness considerable growth during 2020-2026.
 

Speaking of material type, the industry is categorized into metal, plastering, gypsum, and aluminum. The plastering segment held 13% market share in the recent past and is likely to showcase accelerated growth over analysis timeframe.
 

Based on industry terrain, chilled beams market is divided into new construction and renovation. Preference for highly energy-efficient buildings is bolstering new construction projects, thereby amplifying the demand for chilled beams.
 

From a regional frame of reference, Latin America chilled beams market is reckoned to witness notable gains during 2020-2026, owing to stringent government norms regarding carbon emissions in the region.
 

Key players operating in global chilled beams market are Waterloo Air Products plc, FTF Group Climate, LTI Advanced Systems Technology, Lindab AB, Titus HVAC, Flakt Woods, SAS International Ltd., Halton, Swegon AB, Frenger Systems Ltd., and Trox.