Global chilled beam system market is estimated to grow to US$593.631 million by 2022 from US$313.832 million in 2017 at a compound annual growth rate of 13.60%. Chilled beam systems are a type of convection Heating, Ventilation and Air conditioning system which are devised to provide environmental comfort. A chilled beam is used to cool off or ventilate space in order to regulate a good temperature of the space. They do not require high maintenance requirements and are simple as well as trouble-free to maintain. The global market for chilled beam system will be driven by its wide adoption in various buildings such as healthcare facilities, hotels, commercial buildings, residential towers and malls among others. Moreover, rising demand for thermal comfort, enhanced air quality of indoor and floor to floor space saving will also significantly impact the chilled beam system market across the globe. However, a requirement of huge investment in order to manufacture these systems and lack of knowledge on part of customers may restrain the growth of the market. Geographically, Europe drives the global market for chilled beam systems owing to the increase in the number of buildings like shopping complexes, offices, residential areas among others. Asia Pacific region is also contributing significantly driving the chilled beam systems market on account of expansion in healthcare sectors, hospitals and commercial offices and expansion of major players in this business for their product and service offerings in this region.
This research study examines the Chilled beam system market on the basis of various segments – by design, by function, by application, and by geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market. Furthermore, the current market trends related to the demand, supply, and sales, in addition to the recent developments, have been provided in this report. The report also analyzes key players in the Chilled beam system market. The report provides comprehensive forecast up to the period 2022 for various key segments, with 2016 as the base year.
The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical segments. Moreover, the research study analyzes the overall regulatory framework of Chilled beam system market, offering stakeholders a better understanding of the key factors affecting the overall market environment.
The first step towards determining the Chilled beam system market size involves identifying key players and the revenue contribution of the overall business or relevant segment aligned to the study in consideration through extensive secondary research. This also includes various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others. Both bottom-up and top down approaches are utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Chilled beam system value chain, such as C-Level Executives, Directors, and Managers among others across key enterprises operating as manufacturers, suppliers, and distributors. The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the gathered data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Segments covered under the Chilled beam system market report are as below:
- By Design
- Active Chilled Beam
- Multi-Service Chilled Beam
- Passive Chilled Beam
- By Function
- Cooling and Heating
- Cooling Only
- By End Users
- By Geography
- North America
- South America
- Europe Middle East and Africa
- Middle East and Africa
- Asia Pacific
Key industry players profiled as part of this section are Fläkt Woods Group, Climate Technologies, Caverion Corporation and Halton Group among various others.
The report’s target audience is as below:
- Service Providers
- Government Agencies
- Research Organizations