Chilled Beam System Market Forecast and Segments, 2015 - 2025
Chilled beams are the hydronic HVAC components and not the building structural elements; that circulate chilled or heated water and are designed to induce room air flow to cool or heat the space. Chilled beams get their name from their typically long and slender shape. Chilled beams and chilled ceilings are water-based systems that makes them environmentally attractive, particularly as the use of synthetic refrigerants in air conditioning is under greater scrutiny than ever with the advent of the ozone depleting substances legislation.With a range of recent energy saving legislation and new chilled technologies being developed, both chilled beams and chilled ceilings have captured more interest. Chilled beams and ceilings work using convection rather than radiation and hence offer significant advantages over the alternative air conditioning technologies. Energy consumption is not the only advantage of chilled beams and chilled ceilings. Life costs of complete unit is lower than fan coil units. As there are no moving parts hence they are more reliable and less noisy, maintenance free, longer life expectancy.
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Chilled Beam System Market: Drivers & Restraints
Rising sustainability concerns, increasing infrastructure investments, awareness towards reduction of greenhouse gas emissions and government regulations promoting energy efficient systems are some of the key factors driving the growth of the chilled beam system market.
The technology has still not achieved its full potential and is often overlooked for projects where it would be the best suitable system. Its primarily due to the lack of knowledge and understanding across the building sector and has flagged up the need for a better flow of information between suppliers, consulting engineers, architects and contractors. Water distribution and high dust levels are probable factors restraining the growth of the chilled beam system market.
Chilled Beam System Market: Segmentation
The global chilled beam system market is broadly classified on the basis of product type, applications and geographies.
Based on application, the global chilled beam system market is segmented into:
Based on product type, the global chilled beam system market is segmented into:
Active chilled beam systems
Passive chilled beam systems
Multi-service chilled beam systems
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Chilled Beam System Market: Overview
Though chilled beam system is a new technology for emerging economies like India, but in Europe the same technology is in use for years. Use of active chilled beams is ramping up in North America.
With rapid urbanization and increasing pressure on building energy efficiency, the acceptance of chilled beam systems is gaining popularity. The global chilled beam system market is expected to expand at a promising CAGR during the forecast period (2015-2025).
Chilled Beam System Market: Region-wise Outlook
The global chilled beam system Market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global chilled beam system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, Europe dominated the global chilled beam system market in terms of market revenue followed by North America. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global chilled beam system market value exhibiting a robust CAGR during the forecast period, 2015?2025.
Chilled Beam System Market: Key Players
Some of the key market participants in global chilled beam system market are Frenger Systems, Mestek Inc, Price Industries, TROX and Fläkt Woods.
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