Global Chilled Beam Market Overview:
The global chilled beams market is expected to grow at a heavy pace during the forecast period, according to the AMA study. Rising demand for power-efficient heating, ventilation, and air conditioning (HVAC) systems is one of the major factors driving the demand for chilled beams market. Moreover, increasing construction of commercial office buildings due to rising urbanization across different emerging economies such as India is another major factor expected to aid in the growth of the market globally. In addition, the rising construction of green and smart buildings is expected to generate the demand for power-efficient HVAC systems during the forecast period. Some of the key players profiled in the study are TROX UK Ltd. (United Kingdom), Frenger Systems Ltd. (United Kingdom), Barcol-Air USA Ltd. (United States), FläktGroup Holding GmbH (Germany), Halton Group (Finland), SAS International (United Kingdom), Caverion Corporation (Finland), Swegon (United States), NuClimate Air Quality Systems, Inc. (United States), Dadanco Europe (Serbia) and Titus (Canada).
On the basis of geography, the market of Chilled Beam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2019. If we see Market by Function, the sub-segment i.e. Cooling will boost the Chilled Beam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. New Installation will boost the Chilled Beam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Power-Efficient HVAC Systems
- Rising Construction of Energy Efficient Buildings
- Growing Construction Due to Rising Urbanisation Across Emerging Economic and High Population Countries Such as India
- Growing Trend of Office Space Refurbishment Across Different Enterprises
- High Initial Cost of Installation
- The Requirement of Complex Space Layout
- Rising Emergence and Construction of Green & Smart Buildings is Expected to Create a Huge Demand for Chilled Beams in the Near Future
- The Requirement of HVAC Systems with Low Maintenance
- The Requirement of Large Ceiling Area
- Lack of Awareness Among the Customers
Major Market Developments:
In November 2019, FlaktGroup SEMCO announced the launch of its new NEUTON Controlled Chilled Beam Pump Modules which will allow controlling more number of chilled beams to the users
The vendors in this market are focusing on the development of innovative products to cater to the specific needs of customers in air conditioning and ventilation systems. Moreover, the companies in this market are also trying to reduce the challenges such as required flexibility in space modifications for system installations by providing innovative solutions for the customers. For instance, in September 2018, Halton introduced Siu chilled beam which provides maximal space layout flexibility for office environments.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Chilled Beam market on the basis of product [Active Chilled Beam, Passive Chilled Beam and Multi-Service Chilled Beam] , application [Commercial Offices, Healthcare Facilities, Hotels & Lodges, Food & Beverages Facilities and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Chilled Beam market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Chilled Beam industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Chilled Beam market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.