The chilled beam market report focuses on the growth trends and revenue forecasts for the key market players in the global market. It also offers granular analysis of the segmentation, market share, drivers, and restraints for this market.
According to the report, “Chilled Beam Market , by Design (Multi Services Chilled Beam, Passive Chilled beam, Active Chilled Beam), Function (Cooling & Heating, Cooling Only), Applications (Educational Institutes, Healthcare Facilities, Commercial Offices, Hotels), and Geography (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022”, the market for chilled beam is expected to grow at an impressive Compound Annual Growth Rate (CAGR) during the forecast period.
The rise in chilled beam application in North America is a strong driving factor
The chilled beam market report expects the global market to grow at a high CAGR during the forecast period. The report attributes the growth of this market to the impressive growth in the demand from around the world.
The growing concerns about the hygiene related to the indoor air quality are expected to create a stronger demand for the product segments in the market, during the forecast period.The rising demand for comfortable in-house thermal temperature and the growth in demand for energy conservation are also some of the vital driving factors for this market.
The report mentions that the trade-off between the temperature and humidity functions of the chilled beams to be the major restraining factor.
Europe to drive the global market during the forecast period
The chilled beam market segments the global market by designs, functions, applications, and geographic regions. The design segments include passive chilled beam, multi-service chilled beam, and active chilled beam.
The functions include only cooling and heating & cooling. The application segments include healthcare facilities, educational institutes, hotels, and commercial offices.
The geographic regions of the market include Europe, Asia-Pacific, North America, Latin America, and Middle East & Africa. The Europe region is expected to drive the global market during the forecast period.
Asia-Pacific and North America regions are also expected to grow at impressive CAGRs.
The key players included in the chilled beam market include Caverion Corporation, Dadanco Pty Ltd., Fläkt Woods Group, FTF Group Climates, Halton Group, Lindab AB, Swegon AB, Systemair AB, Titus, TROX GmbH, and such others. According to the report, the key players in the market are expected to witness attractive business opportunities from the regions like Asia-Pacific, Europe, and North America.
The Europe region is expected to drive the global market, while the North America region is expected to hold the largest market share during the forecast period. The Asia-Pacific region, on the other hand, is expected to grow at the fastest rate.
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