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Chilled Beams Market Size

Report ID: GMI4680
Published Date: May 2024
Report Format: PDF

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Chilled Beams Market Size

Chilled Beams Market was valued at USD 584.3 million in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032. This expansion is credited to the cost-effectiveness and energy efficiency of these systems.

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With the rising emphasis on sustainability and reduced carbon footprints, architects, engineers, and developers have prioritized energy-efficient building solutions. Chilled beams, essential components of modern HVAC systems, provide a creative and environmentally responsible solution to heating and cooling spaces. They use water as a heat exchange medium and provide precise temperature control. This saves energy and improves interior air quality. The implementation of stringent energy efficiency rules and standards by governments worldwide promotes the development of green buildings and stimulates the integration of low-energy consumption technologies.

Chilled Beams Market Report Attributes
Report Attribute	Details
Base Year:	2023
Chilled Beams Market Size in 2023:	USD 584.3 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.1%
2024 – 2032 Value Projection:	USD 907 Million
Historical Data for:	2021 – 2023
No. of Pages:	350
Tables, Charts & Figures:	271
Segments covered:	Product Type, Material, Application, End-Use Region
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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With increased environmental awareness and strict laws promoting energy-efficient construction, chilled beams will witness high adoption. The greater initial cost and upfront fees hinder budget-conscious construction developers from embracing the product. Furthermore, retrofitting existing structures with these systems can be logistically difficult and expensive, restricting their use in renovation projects. Also, regional variances in building codes pose significant challenges to the market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of chilled beams was crossed USD 584.3 million in 2023 and will grow at 5.1% CAGR between 2024 and 2032, owing to the cost-effectiveness and energy efficiency of these systems.

The active product type segment held 72% share of the chilled beams market in 2023 and is expected to reach USD 660.3 million by 2032, driven by the preference for energy-efficient and sustainable HVAC solutions.

Asia Pacific chilled beams market held a revenue share of 45% in 2023 and will grow at 5.4% CAGR from 2024 to 2032, due to increased international investment in the region's infrastructure sector.

Barcol Air Group AG, Caverion Corporation, Dadanco Europe, Emco Bau- und Klimatechnik GmbH & Co. KG, FlaktGroup, FTF Group, Halton Group, and Johnson Controls International Plc among others.