July 18, 2022
According to the research report titled ‘Global Chilled Beam System Market Size study, By Design (Active Chilled Beam, Passive Chilled Beam, Multi-service Chilled Beam), By Business (New Construction, Renovation), By Application (Commercial Offices, Educational Institutions, Healthcare Facilities, Hotels, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global chilled beam systems market is anticipated to expand at a decent pace over 2022-2028.
Report findings cite that increasing demand for energy efficiency, surging residential and commercial development activities, and awareness about the advantages of chilled beam systems over conventional HVAC systems are the major growth propellants for global chilled beam systems market.
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For the unversed, chilled beam is a type of HVAC system using convection or radiation to heat and cool huge buildings. By reducing the total volume of supply air and moving partial loads from the unit to other spaces, these systems assist in handling return air and sensible loads in the space.
Furthermore, growing expenditure on construction activities, and rising public awareness of the availability of chilled beam systems are expected to bolster industry expansion in the coming years.
On the contrary, the possibility of water leaks, a scarcity of filters used in chilled beams, as well as high installation expenditures may restrain the growth of marketplace over the analysis timeframe.
Based on design, worldwide chilled beam system market is divided into multi-service chilled beam, passive chilled beam, and active chilled beam. In terms of business, the industry is split into renovation and new construction. On the basis of application ambit, the marketplace is branched into hotels, healthcare facilities, educational institutions, commercial offices, and others.
Regionally, North America industry holds a major revenue share at present, owing to growing demand for energy-efficient equipment, and widespread uptake of novel technologies in the region.
Whereas Asia Pacific market is poised to grow at a healthy CAGR over the stipulated timeframe, on the back of government initiatives for green buildings, and flourishing end-user verticals in the region.
NuClimate Air Quality Systems Inc., AirFixture LLC, Twa Panel Systems Inc., EB Air Control Inc., Krantz Limited, Johnson Controls International plc, TROX GmbH, Systemair AB, Halton Group, and FTF Group are the leading players in global chilled beam system market.