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Chilled Beam System Market Estimated to Rise Profitably with CAGR of 12.9% during 2018 – 2026 | Barcol Air Group AG, Caverion Corporation, Dadanco, Emco Bau- und Klimatechnik GmbH & Co. KG, Flakt Woods Group SA, Frenger Systems

10-08-2018 11:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Prognosis

Global Chilled Beam System Market Highlights
Global Chilled Beam System Market is accounted for $253.86 million in 2017 and is expected to reach $758.76 million by 2026 growing at a CAGR of 12.9% during the forecast period. Aggregate demand for energy efficient buildings, rising demand for thermal comfort and increase in demand for enhanced occupant thermal comfort are the key driving factors for the market growth. However, lack of consumer awareness and high initial cost are some of the factors hindering the market growth.

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Chilled beam is a type of convection HVAC system designed to heat or cool large buildings. Pipes of water are passed through a "beam" (a heat exchanger) either integrated into standard suspended ceiling systems or suspended a short distance from the ceiling of a room. As the beam chills the air around it, the air becomes denser and falls to the floor. It is replaced by warmer air moving up from below, causing a constant flow of convection and cooling the room. Heating works in much the same fashion, similar to a steam radiator.

Top Players:
Some of the key players profiled in the Chilled Beam System Market include Barcol Air Group AG, Caverion Corporation, Dadanco Pty Ltd, Emco Bau- und Klimatechnik GmbH & Co. KG, Flakt Woods Group SA, Frenger Systems, Ftf Group Climate, Halton Group, Johnson Controls International Plc, Lindab International AB, LTG Aktiengesellschaft, Mestek Inc, MADEL Air Technical Diffusion S.E., Nijburg Industry Group, NuClimate Air Quality Systems Inc, Price Industries, Roccheggiani S.p.A, Swegon AB, Systemair AB, Titus Hvac and Trox GmbH.

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Market Segmentation:
Based on Design, the Multi-Service Chilled Beam segment accounted for considerable market share during the forecast period as it has been the promising technologies in the market which offer the functions of both passive and active chilled beam systems along with added features. By geography, Asia-Pacific market is likely to be driven by its key markets such as Japan, Australia, China, and India. The commercial offices and healthcare sectors along with, hotels is expected to offer a huge growth opportunity in these regions. The market would also be fuelled by the increase in focus of the main players to develop their product and service offerings in the Asia-Pacific region as this region is expected to witness a significant growth in terms of the adoption of these systems over the next decade.

Functions Covered:
• Cooling Only
• Cooling and Heating

Applications Covered:
• Educational Institutions
• Commercial Offices
• Healthcare
• Hotels
• Other Applications

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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