(EnergyIndustry.Net, June 19, 2017 ) According to Publisher, the Global Chilled Beam System market is accounted for $214.6 million in 2015 and is expected to reach $502.5 million by 2022 growing at a CAGR of 12.9%. The market growth is due to increasing demand for energy efficient buildings. Factors such as increasing demand from healthcare facilities, commercial offices and hotels are driving the market growth. On the other hand, high initial cost and lack of consumer awareness are hindering the market. The opportunities for the market lie in chilled beam applications. With rapid urbanization, the acceptance of chilled beam systems is gaining popularity in emerging countries such as China, India and Brazil. The challenge lies in trade-off between temperature and humidity.
The market for multi-service chilled beam systems is expected to acquire the highest market share during the forecast period as it provides the functions of both active and passive chilled beam systems along with many additional features. Europe has the maximum penetration in Chilled Beam System due to its early adoption. North America and Asia Pacific regions are in the premature stages of implementing Chilled Beam Systems. North America is expected to witness fastest growth on account of demand from healthcare and commercial sectors.
Some of the key players in global Chilled Beam System market include Caverion Corporation, Flakt Woods Group, TROX GmbH, Lindab AB, FTF Group, Systemair AB, Halton Group, Dadanco Pty Ltd., Swegon AB, Titus Hvac, Frenger Systems, Mestek Inc and Price Industries.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt