Chilled Beams Market Size - By Product (Active, Passive, Multiservice), Material (Gypsum, Metal, Aluminum, Plastering), Application (Offices, Retail, Hotel & Leisure, Industrial), Business (New Construction, Renovation) & Global Forecast, 2023 – 2032

Chilled Beams Market Size

Chilled Beams Market size is projected to grow with a CAGR of more than 5.5% between 2023 and 2032, attributed to the increasing demand for energy-efficient buildings. With 2022 Energy Code in the U.S. and similar programs in other nations encourage the usage of energy-effective heat pumps, solar PVs and battery storage solutions as well as set electric-ready requirements and ventilation standards for new buildings.

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With a growing emphasis on sustainability and reduced carbon footprint, energy-efficient building solutions have become a top priority for architects, engineers, and developers. Chilled beams, as a key component of modern HVAC systems, offer an innovative and eco-friendly approach to heating and cooling spaces. With the utilization of water as a heat exchange medium, coupled with precise temperature control, chilled beams not only reduce energy consumption but also enhance indoor air quality. The implementation of stringent energy efficiency regulations and standards by governments across the globe that incentivize the construction of green buildings and encourage the integration of minimal energy consumption technologies will continue to bolster the product demand.

Chilled Beams Industry Growth Drivers & Restraints

With the rising awareness of environmental issues, coupled with stringent regulations promoting energy-efficient construction, there will be widespread incorporation of chilled beams. However, the higher initial cost and upfront expenses are deterring the budget-conscious building developers from adopting the product Moreover, retrofitting existing buildings with these systems can be logistically challenging and costly, limiting their application in renovation projects. Also, the regional variations in building codes will act as a major challenge for the chilled beams market.

COVID-19 Impact

The initial phase of COVID-19 pandemic resulted in disruptions in supply chains and project delays as construction activities were halted or slowed down due to lockdowns and social distancing measures. However, as the pandemic highlighted the importance of indoor air quality, there was a resurgence in chilled beams market demand , particularly in healthcare facilities, commercial buildings, and educational institutions, where improved ventilation and air quality became paramount. The need for flexible HVAC solutions that can adapt to changing occupancy and health safety requirements became paramount, leading to renewed interest in chilled beam systems that offer precise control and enhanced air filtration. As a result, in the post COVID-19 era, the industry will grow with focus on indoor environmental quality and occupant well-being.

Chilled Beams Market Trends

The recent time has seen the increasing integration of smart and IoT (Internet of Things) technologies into chilled beam systems that allows for real-time monitoring and control of HVAC systems, optimizing energy efficiency and enhancing user comfort. Additionally, the market is witnessing a growing demand for customizable and aesthetically pleasing chilled beam designs that seamlessly blend with modern architectural aesthetics. These trends underscore the evolving nature of the market, which focus on innovation, sustainability, and user-centric solutions.

Chilled Beams Product Market Analysis

The active chilled beam market segment is anticipated to hold over 75% revenue share by 2032, on account of the modernization of HVAC systems for commercial and institutional applications. Active chilled beams are innovative HVAC systems that utilize convection principles to heat or cool indoor spaces efficiently, while relying on the induction of air through a heat exchanger, offering precise temperature control and superior indoor air quality. The wider preference for HVAC solutions that energy-efficient as well as sustainable is favoring the adoption of active systems.

The aluminum material segment is estimated to account for over 40% of the chilled beams market share by 2032, backed by the lightweight and excellent heat transfer properties of the material. Aluminum chilled beams are known for their durability and resistance to corrosion, ensuring long-term performance. The recyclability of the material makes it a sustainable option for energy-efficient building designs. The versatility in design and ease of installation further enhance its appeal, making aluminum a desired material for heat-exchange efficient & long-lasting performance applications.

The chilled beams market size from new construction business segment is touted to record a CAGR of over 3.7% throughout the forecast period, attributed to the rapid urbanization. According to the data released by the U.S. Census Bureau, new residential construction projects were over 1.44 million in July 2023. With builders and developers increasingly prioritize green building practices and energy savings, chilled beams are emerging as an eco-friendly and cost-effective heating and cooling solution. The rising focus on bearing environmental responsibility by adopting innovative solutions will fuel market growth from new construction businesses.

Europe chilled beams market is poised to emerge as lucrative growth prospect over 2023 to 2032, characterized by a strong emphasis on energy efficiency and sustainable building practices. As European countries continue to prioritize environmental concerns with stringent regulations, the demand for chilled beams has surged. These advanced HVAC solutions are preferred for their ability to deliver precise temperature control, improved indoor air quality, and substantial energy savings. With a diverse range of applications spanning commercial, institutional, and residential sectors, as well as the region's commitment to eco-friendly construction and innovative HVAC technologies, Europe become a prominent market for chiller beam manufacturers.

Chilled Beams Market Share

The major participants in the chilled beams market are:

• TROX GmbH
• FläktGroup
• Swegon
• Caverion
• Halton Group
• Frico
• DencoHappel
• Kiefer Klimatechnik
•  SAS International.

Chilled Beams Industry News

• In July 2023, Halton Group, a global leader in indoor air technologies, released its first Environmental Product Declaration for the chilled beams, namely, Halton Rex RXP, Halton Rex RE6, and Halton
  Rex REE.
   

This chilled beams market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032, for the following segments:

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Market, By Product

• Active
• Passive
• Multi service beams,

Market, By Material

• Gypsum
• Metal
• Plastic
• Aluminum

Market, By Application

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

Market, By Business

• New construction
• Renovation

The above information has been 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