Chilled Beam System Market - Forecast(2024 - 2030)

Report Code: ESR 76557 Report Format: PDF + Excel

Chilled Beam System Market Overview

The market for Chilled Beam System Market is forecast to reach $317 Million by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The chilled beam system market is estimated to witness substantial growth over the forecast period primarily due to increasing need for energy savings along with benefits offered by chilled ceilings, beam systems such as thermal comfort, improved air quality that is expected to drive the chilled beam system market during the forecast period. Chilled beam system is a type of convection HVAC system designed to heat and cool large buildings. The benefits of chilled beam systems increase in occupant comfort over traditional systems, energy efficiency and space adaptability. Today, chilled beams are one of the most common HVAC systems installed in Europe and from the last decade the technology has begun to catch in various regions especially North America, gaining more popular technology.

Report Coverage

The report: “Chilled Beam System Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Chilled Beam System Market.

By Design/product type – Active Chilled Beam, Passive Chilled Beam, Multi-Service Chilled Beam.
By Function – Cooling Only, Cooling and Heating.
By Application – Commercial Office, Educational Institution, Hotels, Schools, Hospital, Government institution and others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

Key Takeaways

  • Increasing need for energy savings along with benefits offered by chilled beam systems such as thermal comfort, improved air quality are expected to drive the chilled beam system market
  • Chilled beam systems provide comfort features such as guest room air heating and cooling control, adjustment of individual room temperature set-point and reduced airflow which makes chilled beam system
  • North-America is expected to grow at the highest CAGR during the forecast period. It is due to increase in commercial floor space along with need for energy efficient equipment is expected to increase the market growth in this region.

Chilled Beam System Market, By Geography, 2020

Chilled Beam System Market, By Geography
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Chilled Beam System Market Segment Analysis - By Design

The market by design has been segmented into Active, Passive and Multi-service chilled beam. Active chilled beams are used when sensible cooling, heating and ventilation air is required. It is being used in classrooms, private and public office buildings, meeting facilities, healthcare facilities and other environments. Passive chilled beams are a good solution to provide sensible cooling in labs and other spaces where processes and people generate high heat loads, especially those that are sensitive to changes in pressure or ventilation and require no additional airflow.

Chilled Beam System Market Segment Analysis – By Application

The market by application has been segmented into commercial office, educational institution, hotels, schools, hospitals, government institution and others. Using chilled beams in commercial office spaces improves energy efficiency through significant reductions in fan power and reheat requirements. It helps in low noise levels and thermal comfort and high air quality are critical design criteria for schools and all educational institutions. Hospitals are unique applications requiring a minimum number of air changes per hour which chilled beams can be utilized to maximize the effect of the treated outdoor air by inducing the room through chilled beams to satisfy the air change requirements. It can also be designed to ensure a high level of occupant comfort in terms of noise, velocity and temperature which helps in patient wellbeing.

Chilled Beam System Market Segment Analysis – By Geography

Global chilled beam system market is dominated by North-America region and is estimated to grow at a highest CAGR of 16.35% during the forecast period 2021-2026. The increasing commercial floor space along with the need for energy efficient equipment is expected to increase the market for chilled beam systems in North-America. The market for chilled beam technology in this region is in boom which is replacing the traditional systems such as air volume systems and fan coil units. On the other hand chilled beams in Europe have become prevalent in the Europe commercial spaces and are gaining popularity in other end-user applications such as laboratories, healthcare facilities and retail stores.

Chilled Beam System Market Drivers

Benefits of chilled beam systems over traditional HVAC systems driving market growth

Advanced chilled beams have many advantages over traditional HVAC systems. Traditional systems involve mixing return air with outdoor air handling the total supply air volume and sensible capacity at the air handling unit. Unlike them chilled beam systems handle return air and sensible load within the space, reducing the total volume of supply air and shifting partial loads from the unit to the space which results in large decrease in the amount of ductwork required. Operation and maintenance of chilled beam systems is very simple, reliable and far less likely to require maintenance or replacement parts. Such advantages over traditional systems driving the market growth of chilled beam systems.

Growing adoption of Multi-Service Chilled Beam System driving the market growth

Multi service chilled beam offers an alternative to suspended ceilings for ventilation, cooling, and heating which fulfils most needs for indoor climate. It incorporates building functions into its design such as lighting, sound devices, fire sprinklers, motion detectors and various other options. These chilled beams provide very economic cooling, modern lighting with variety of other services such as sprinkler systems, public address systems, smoke detectors, voice and data cables. Canada is one of the fastest growing markets in multi-service chilled beams and it is expected to be driven by use of products in commercial offices and hotels and other applications.

Chilled Beam System Market Challenges

Rick of water leaks and high installation cost

Water leaks and high installation cost are one of the challenging factors of chilled beam systems. Piping and control valves must be installed to distribute chilled water to multiple beams in every space of the building as chilled beams are water-based systems which increases the risk of water leaks due to the increased pipe line connections. On the other hand chilled beam solutions have a higher installation costs associated with them due to which the capacity of the chilled beam is lower which leads to requirement of more chilled beams to cover large area and additional piping and control valves must be installed for each chilled beam which increases the installation cost.

Chilled Beam System Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Chilled Beam System market. The Chilled Beam System market is dominated by major companies which include Climate Technologies, FlaktGroup Holding GmbH, FTF Group, Halton Group, Lindab, Price Industries, Swegon Group AB, Systemair AB, TROX GmbH, and Johnson Controls International plc.

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1. Chilled Beam System Market Overview
    1.1 Definitions and Scope
2. Chilled Beam System Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Component
    2.3 Key trends By Deployment Mode
    2.4 Key trends By Organization Size
    2.5 Key trends By Analytics Type
    2.6 Key trends By Industry Verticals
    2.7 Key trends segmented by Geography
3. Chilled Beam System Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Chilled Beam System Market - Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Chilled Beam System Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Chilled Beam System Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Chilled Beam System Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Chilled Beam System Market – By Design/Product Type (Market Size -$Million/Billion)
    8.1 Active Chilled Beam
    8.2 Passive Chilled Beam
    8.3 Multi-Service Chilled Beam
9. Chilled Beam System Market – By Function (Market Size -$Million/Billion)
    9.1 Cooling Only
    9.2 Cooling and Heating
10. Chilled Beam System Market – By Application (Market Size -$Million/Billion)
    10.1 Commercial Office
    10.2 Educational Institution
    10.3 Hotels
    10.4 Schools
    10.5 Hospital
    10.6 Government Institution
    10.7 Others
11. Chilled Beam System Market – By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
        11.1.4 Rest of North America
    11.2 South America
        11.2.1 Brazil
        11.2.2 Venezuela
        11.2.3 Argentina
        11.2.4 Ecuador
        11.2.5 Peru
        11.2.6 Colombia
        11.2.7 Costa Rica
        11.2.8 Rest of South America
    11.3 Europe
        11.3.1 Germany
        11.3.2 France
        11.3.3 UK
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Belgium
        11.3.7 Denmark
        11.3.8 Spain
        11.3.9 ROE
    11.4 APAC
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia
        11.4.6 Taiwan
        11.4.7 Malaysia
        11.4.8 Hong Kong
        11.4.9 Rest of APAC
    11.5 Rest of World (RoW)
        11.5.1 Middle East
            11.5.1.1 Israel
            11.5.1.2 Saudi Arabia
            11.5.1.3 UAE
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Rest of Middle East & Africa
12. Chilled Beam System Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Chilled Beam System Market - Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
    13.2 Market Share by Country- Top companies
    13.3 Market Share by Region- Top 10 companies
    13.4 Market Share by type of Application - Top 10 companies
    13.5 Market Share by type of Product / Product category- Top 10 companies
    13.6 Market Share at global level - Top 10 companies
    13.7 Best Practises for companies
14. Chilled Beam System Market - Key Company List by Country Premium Premium
15. Chilled Beam System Market - Company Analysis
    15.1 Climate Technologies
    15.2 FlaktGroup Holding GmbH
    15.3 FTF Group
    15.4 Halton Group
    15.5 Lindab
    15.6 Price Industries
    15.7 Swegon Group AB
    15.8 Systemair AB
    15.9 TROX GmbH
    15.10 Company 10

LIST OF TABLES

1.Global Chilled Beam System Market, By Design Market 2023-2030 ($M)
1.1 Active Chilled Beam Market 2023-2030 ($M) - Global Industry Research
1.2 Passive Chilled Beam Market 2023-2030 ($M) - Global Industry Research
1.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Global Industry Research
2.Global Chilled Beam System Market, By Function Market 2023-2030 ($M)
2.1 Cooling Only Market 2023-2030 ($M) - Global Industry Research
2.2 Cooling And Heating Market 2023-2030 ($M) - Global Industry Research
3.Global Chilled Beam System Market, By Design Market 2023-2030 (Volume/Units)
3.1 Active Chilled Beam Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Passive Chilled Beam Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Multi-Service Chilled Beam Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Chilled Beam System Market, By Function Market 2023-2030 (Volume/Units)
4.1 Cooling Only Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Cooling And Heating Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Chilled Beam System Market, By Design Market 2023-2030 ($M)
5.1 Active Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
5.2 Passive Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
5.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
6.North America Chilled Beam System Market, By Function Market 2023-2030 ($M)
6.1 Cooling Only Market 2023-2030 ($M) - Regional Industry Research
6.2 Cooling And Heating Market 2023-2030 ($M) - Regional Industry Research
7.South America Chilled Beam System Market, By Design Market 2023-2030 ($M)
7.1 Active Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
7.2 Passive Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
7.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
8.South America Chilled Beam System Market, By Function Market 2023-2030 ($M)
8.1 Cooling Only Market 2023-2030 ($M) - Regional Industry Research
8.2 Cooling And Heating Market 2023-2030 ($M) - Regional Industry Research
9.Europe Chilled Beam System Market, By Design Market 2023-2030 ($M)
9.1 Active Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
9.2 Passive Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
9.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
10.Europe Chilled Beam System Market, By Function Market 2023-2030 ($M)
10.1 Cooling Only Market 2023-2030 ($M) - Regional Industry Research
10.2 Cooling And Heating Market 2023-2030 ($M) - Regional Industry Research
11.APAC Chilled Beam System Market, By Design Market 2023-2030 ($M)
11.1 Active Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
11.2 Passive Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
11.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
12.APAC Chilled Beam System Market, By Function Market 2023-2030 ($M)
12.1 Cooling Only Market 2023-2030 ($M) - Regional Industry Research
12.2 Cooling And Heating Market 2023-2030 ($M) - Regional Industry Research
13.MENA Chilled Beam System Market, By Design Market 2023-2030 ($M)
13.1 Active Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
13.2 Passive Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
13.3 Multi-Service Chilled Beam Market 2023-2030 ($M) - Regional Industry Research
14.MENA Chilled Beam System Market, By Function Market 2023-2030 ($M)
14.1 Cooling Only Market 2023-2030 ($M) - Regional Industry Research
14.2 Cooling And Heating Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Chilled Beam System Market Revenue, 2023-2030 ($M)
2.Canada Chilled Beam System Market Revenue, 2023-2030 ($M)
3.Mexico Chilled Beam System Market Revenue, 2023-2030 ($M)
4.Brazil Chilled Beam System Market Revenue, 2023-2030 ($M)
5.Argentina Chilled Beam System Market Revenue, 2023-2030 ($M)
6.Peru Chilled Beam System Market Revenue, 2023-2030 ($M)
7.Colombia Chilled Beam System Market Revenue, 2023-2030 ($M)
8.Chile Chilled Beam System Market Revenue, 2023-2030 ($M)
9.Rest of South America Chilled Beam System Market Revenue, 2023-2030 ($M)
10.UK Chilled Beam System Market Revenue, 2023-2030 ($M)
11.Germany Chilled Beam System Market Revenue, 2023-2030 ($M)
12.France Chilled Beam System Market Revenue, 2023-2030 ($M)
13.Italy Chilled Beam System Market Revenue, 2023-2030 ($M)
14.Spain Chilled Beam System Market Revenue, 2023-2030 ($M)
15.Rest of Europe Chilled Beam System Market Revenue, 2023-2030 ($M)
16.China Chilled Beam System Market Revenue, 2023-2030 ($M)
17.India Chilled Beam System Market Revenue, 2023-2030 ($M)
18.Japan Chilled Beam System Market Revenue, 2023-2030 ($M)
19.South Korea Chilled Beam System Market Revenue, 2023-2030 ($M)
20.South Africa Chilled Beam System Market Revenue, 2023-2030 ($M)
21.North America Chilled Beam System By Application
22.South America Chilled Beam System By Application
23.Europe Chilled Beam System By Application
24.APAC Chilled Beam System By Application
25.MENA Chilled Beam System By Application
26.Trox Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Halton Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Flakt Wood Group Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Swegon Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dadanco Pty Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Lindab Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Caverion Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ftf Group Climate, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Systemair Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Titus Hvac, Sales /Revenue, 2015-2018 ($Mn/$Bn)