Chilled Beams Market Size By Product (Active, Passive, Multiservice), By Material (Gypsum, Metal, Aluminum, Plastering), By Application (Offices, Retail, Hotel & Leisure, Industrial), By Business (New Construction, Renovation), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI4680  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 136   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Chilled Beams Market size was USD 374.8 million in 2019 and will grow at a CAGR of 4% from 2020 to 2026. Exceptional benefits offered by chilled beams over other conventional HVAC system alternatives will augment product growth.
 

Chilled Beams Market

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Energy efficient building is the primary concern of various countries worldwide. In 2018, global emission cause only by buildings increased by over 2% from the second consecutive year. Hence to reduce these emissions, governments are also taking various measures. For instance, Eco Niwas Sanhita, the country’s first building energy conservation code has been introduced in India for residential sector.
 

In Rwanda, the government is ensuring energy efficiency of building through green building compliance system. All these policies aim to regulate energy utilization of new buildings. As chilled beams provide cooling or heating in a very energy efficient manner as compared to other alternatives of convention ducted systems, the demand for product is anticipated to grow in light of this energy efficiency wave all over the globe.
 

Despite of having multiple applications in various industries, the product demand is expected to decline in the year 2020, due to ongoing COVID-19 pandemic throughout the world. As a result of many news regarding negative impact of air conditioning devices, the sale is following a downward trend in many countries. The industry growth witnessing a decline in the 1st quarter of 2020 due to decrease in the construction investments across the globe. Furthermore, disruption in supply chain amid nationwide lockdowns is another reason impact growth of market. Although the demand for chillers and other AC systems are projected to further gain momentum as soon as the pandemic is over.
 

Chilled Beams Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 37.84 Million (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.0% 2026 Value Projection: 431.5 Million (USD)
Pages: 136 Tables, Charts & Figures: 131
Geographies covered (8): U.S, Canada, Germany, UK, Italy, India, China, Japan
Segments covered: Product, Material, Application, Business, Region
Companies covered (12): Trox, Frenger Systems, Halton, SAS International, Swegon, Kratz, Flaktwoods, LTI Advanced System Technology, Waterloo Air Products, Titus HVAC, LINDAB AB, FTF Group Climate
Growth Drivers:
  • Increasing demand for energy efficient buildings
  • Rising building construction in Asia Pacific
  • Escalating growth of multiservice chilled beams in Europe
Pitfalls & Challenges:
  • High installation cost of chilled beams

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Active chilled beams as the most dominant product in the industry

Chilled Beams Market size

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Active chilled beams market share will account for over 75% of the overall revenue share in 2026. These beams are used both for heating and cooling applications, as. these systems are twice as effective than other types. These are more effective in areas where outdoor air can also be easily mixed with inner air. Hence, enabling the building to also meet its minimum outdoor air requirement. The system uses nozzles from which the primary air passes through the cooling coil. This inductive process makes the product to provide enhanced cooling then passive beams. The segment will record a dominant consumption due to these additional advantages offered by active beams.
 

Aluminum as the major material used in production of chilled beams

Aluminum will hold a major chunk of about 40% in overall industry in 2026. A high demand will be due to multiple benefits offered by this material over other present alternatives in HVAC systems industry. Aluminum is light weight, easily tooled, and is being used in several industries for a longer time span. Its light weigh nature makes it a suitable material for cooling system. It also resists corrosion and hence can be used in cooling tower easily.
 

Offices as the largest application area in the industry

Chilled Beams Market Share

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Offices account for a majority share of over 40% in the global chilled beams market in 2019. There exists various official building which rely on chilled beams to achieve a low energy goal. Product ability to use moderate temperature water, results in providing cooling from a thermal storage tanks which can easily be charged from cooling towers (free cooling), Hence, significant fan power is saved with downsize ducting. Together with a high performance, almost 50% energy is reduced in this process. hence in many metropolitan cities, product demand is highly being increasing from the past few years.
 

New construction business as the largest industry in global chilled beams market

New construction segments will witness gains of 3.7% CAGR from 2020 to 2026. Significant product demand from new constructed commercial or residential buildings. with growing emphasis on energy efficient building in many countries will complement growth. Countries like China are anticipated to be the major user of chilled beams in new construction due to increasing building and construction activities in these emerging nations.
 

Europe to account for the largest share

Europe accounts for majority product demand with share close to 35% in 2019. Increasing growth from countries including the UK and Germany from past couple of years on account of various benefits offered over fan coils such as increased efficiency, long life expectancy, low maintenance etc will complement growth.
 

Strategic initiative to grab a large market penetration is expected to fuel the market growth

Many industry players are focusing in increasing their geographical presence to capture a high market share. For instance, on March 2016, Halton group supplied chilled beams to two Japanese corporation Primix Corporation and YKK group. The initiative aims to increase company’s geographical presence in Japan.
 

The chilled beams industry research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:
 

By Product

  • Active
  • Passive
  • Multi service beams,

By Material

  • Gypsum
  • Metal
  • Plastic
  • Aluminum

By Application

  • Offices
  • Retail
  • Hotels & Leisure
  • Industrial
  • Others

By Business

  • New construction
  • Renovation

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
  • Middle East & Africa
     

Frequently Asked Questions (FAQ) :

The market size of chilled beams was valued over USD 374.8 million in 2019.
The industry share of chilled beams is expected to grow at more than 4% CAGR from 2020 to 2026.
Active chilled beams market will account for over 75% of the overall revenue share in 2026.
Aluminum will be the leading material segment which is expected to hold about 40% in overall industry in 2026.
New constructions segment will witness gains of 3.7% CAGR from 2020 to 2026.
Europe accounted for a majority of the product demand with share close to 35% in 2019.

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Premium Report Details

  • Published Date: May 2020
  • Pages: 136
  • Tables: 119
  • Charts / Figures: 12
  • Companies covered: 12
  • Countries covered: 8

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