HOME Top Market Reports Chilled Beam System Market by Design (Active, Passive, & Multi-Service), Function (Cooling Only, Cooling and Heating), Application (Commercial Offices, Healthcare, Hotels, and Others), and Geography (North America, Europe, Asia-Pacific, and RoW) - Trends & Forecast to 2015 – 2020

Chilled Beam System Market by Design (Active, Passive, & Multi-Service), Function (Cooling Only, Cooling and Heating), Application (Commercial Offices, Healthcare, Hotels, and Others), and Geography (North America, Europe, Asia-Pacific, and RoW) - Trends & Forecast to 2015 – 2020

By: marketsandmarkets.com
Publishing Date: May 2015
Report Code: SE 3413

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Chilled beam system is a type of HVAC system that delivers energy efficient operation along with enhanced occupant thermal comfort and good indoor air quality. The chilled beam system uses water as a medium of cooling and heating indoor space through a process called convection. Warm chilled water is supplied to the chilled beams and the indoor induced air which passes through the chilled beams, gets cooled and descends to the space for cooling. This process is continuous and fresh air is also induced to avoid the concerns over ventilation and to prevent condensation over beams to some extent. Sensors are installed over the beam to monitor the room temperature to prevent condensation and dripping into the space. The chilled beam system has a wide range of applications in various industry verticals such as commercial offices, educational institutions, healthcare facilities, hotels, and others due to the increasing focus on energy conservation and enhancing the efficiency of air conditioning systems.

The market for chilled beam system is expected to reach $239.9 Million in 2015, reflecting a year-on-year (Y-o-Y) growth rate of about 10.0% over the previous year. Furthermore, the market is expected to grow at a CAGR of 11.14% between 2015 and 2020, to reach $406.8 Million by 2020. The market is expected to be driven by the increasing demand from commercial offices, healthcare facilities, and hotels in addition to the educational institutions till 2020. Although the European market accounts for the maximum market share, the North American and Asia-Pacific markets are expected to witness the highest growth rate during the forecast period. The key drivers of the market is being driven by the demand for improved thermal comfort, indoor air quality, and floor-to-floor space saving along with, the need for energy efficient ventilation and air conditioning systems in several applications. However, the market is restrained by factors including the high cost of ownership and low awareness among the consumers.

Currently, Europe accounts for the highest market share, due to the well-established market since the 1970s and increasing adoption rate of chilled beam system solutions in various applications, especially in commercial offices. However, the market is at the nascent stage of growth in other parts of the world including North America, Asia-Pacific, and RoW. North America is expected to witness the highest growth during the forecast period, driven by the rising awareness about the benefits of chilled beam systems and escalating demand from commercial offices, healthcare facilities, and hotels sectors. This report covers the market by design, function, application and geography. It also provides a detailed analysis of the current market situation and the market till 2020. The report also analyses the supply-side and demand-side factors, market dynamics, and the value chain of the chilled beam system market by considering the key stakeholders from vendors to end-users.

This report profiles the major players which are active in the chilled beam system market. It also comprises the competitive landscape of the main players including the key growth strategies and market share analysis of the same. Some of the key players profiled in the report are TROX GmbH (Germany), Halton Group (Finland), Flakt Woods Group (Switzerland), FTF Group (U.S.), Swegon AB (Sweden), Lindab AB (Sweden), Systemair AB (Sweden), Dadanco Pty Ltd. (Australia), Caverion Corporation (Finland), and Titus HVAC (U.S.).

Scope of the report

This research report categorizes the global chilled beam system market based on design, function, application, and geography; it also covers the market size forecast of the market.

On the basis of Design:

The global chilled beam system market has been segmented on the basis of design into active chilled beam, passive chilled beam, and multi-service chilled beam.

On the basis of Function:

Based on function, the market has been further segmented into two sub-segments such as cooling only, and cooling and heating. The most widely used function includes cooling and heating.

On the basis of application:

The market has been further split based on application into five sub-segments such as commercial offices, educational institutions, healthcare facilities, hotels, and others.

On the basis of geography:

The market has been split into four regions based on geography: North America, Europe, Asia-Pacific, and ROW. The chilled beam system market in North America includes the U.S., Canada, and Mexico, while Europe is divided into the U.K., Germany, France, Sweden, Norway, and rest of Europe. The Asia-Pacific market includes China, Japan, Australia, India, and rest of Asia-Pacific, while RoW has been divided into the Middle East and Africa, and South America

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand-Side Analysis
                    2.2.1.1 Growth of Construction Output
           2.2.2 Supply-Side Analysis
                    2.2.2.1 Energy Conservation and Low System Maintenance Cost
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Global Market
    4.2 Global Market,  By Application (2020)
    4.3 Global Market: Top Three Applications
    4.4 Global Market, By Design (2020)
    4.5 Global Market, By Geography and Design
    4.6 Global Market, Asia-Pacific vs. Europe
    4.7 Sweden Accounted for Over One-Tenth Share of the Global ChiMarket

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Design
           5.3.2 By Function
           5.3.3 By Application
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Aggregate Demand for Energy Efficient Buildings
                    5.4.1.2 Increase in Demand for Enhanced Occupant Thermal Comfort, Floor-To-Floor Space Saving, and Indoor Air Quality
           5.4.2 Restraint
                    5.4.2.1 Lack of Consumer Awareness and High Initial Cost
           5.4.3 Opportunity
                    5.4.3.1 Expected Growth of Chilled Beam Applications in North America
           5.4.4 Challenge
                    5.4.4.1 Trade-Off Between Temperature and Humidity (Latent Load) to Prevent Condensation

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Degree of Competition
    6.4 Industry Lifecycle

7 Chilled Beam System Market, By Design (Page No. - 58)
    7.1 Introduction
    7.2 Active Chilled Beam
    7.3 Passive Chilled Beam
    7.4 Multi-Service Chilled Beam

8 Chilled Beam System Market, By Function (Page No. - 63)
    8.1 Introduction
    8.2 Cooling Only
    8.3 Cooling and Heating

9 Chilled Beam System Market, By Application (Page No. - 65)
    9.1 Introduction
    9.2 Commercial Offices
    9.3 Educational Institutions
    9.4 Hotels
    9.5 Healthcare Facilities
    9.6 Others

10 Chilled Beam System Market, By Geography (Page No. - 71)
     10.1 Introduction
     10.2 North America
             10.2.1 The U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 The U.K.
             10.3.4 Sweden
             10.3.5 Norway
             10.3.6 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 Japan
             10.4.2 Australia
             10.4.3 India
             10.4.4 China
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 The Middle East and Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 105)
     11.1 Overview
     11.2 Chilled Beam System Market Rank Analysis
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Mergers and Acquisitions
             11.3.3 Expansions

12 Company Profiles (Page No. - 110)
     12.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     12.2 Trox GmbH (Germany)
     12.3 Halton Group (Finland)
     12.4 Flakt Woods Group Sa (Switzerland)
     12.5 Swegon AB (Sweden)
     12.6 Dadanco Pty Ltd. (Australia)
     12.7 Lindab AB (Sweden)
     12.8 Caverion Corporation (Finland)
     12.9 Ftf Group Climate (U.S.)
     12.10 Systemair AB (Sweden)
     12.11 Titus Hvac (U.S.)

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 133)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports


List of Tables (76 Tables)

Table 1 Life Cycle Maintenance Costs: Active Chilled Beams Versus Fan Coils
Table 2 Impact Analysis of Drivers
Table 3 Impact Analysis of Restraint
Table 4 Impact Analysis of Opportunity
Table 5 Impact Analysis of Challenge
Table 6 Zone-Wise Primary Airflow Required for Office Space
Table 7 Prominent Companies in the Market
Table 8 Global Market, By Design, 2014-2020 ($Million)
Table 9 Global Active Chilled Beam Market, By Geography, 2014-2020 ($Million)
Table 10 Global Passive Chilled Beam Market, By Geography,
Table 11 Global Multi-Service Chilled Beam Market, By Geography, 
Table 12 Global Market, By Application,
Table 13 Global Market in Commercial Offices, By Design, 2014-2020 ($Million)
Table 14 Global Market in Educational Institutions,
Table 15 Global Market in Hotels, By Design,
Table 16 Global Market in Healthcare Facilities, By Design, 2014-2020 ($Million)
Table 17 Global Market in Other Applications,
Table 18 Global Market, By Geography,
Table 19 North American Market, By Design,
Table 20 North American Market, By Application, 
Table 21 North American Market for Commercial Offices, By Design, 2014-2020 (USD Thousand)
Table 22 North American Market for Educational Institutions, By Design, 2014-2020 ($Million)
Table 23 North American Market for Healthcare Facilities, By Design, 2014-2020 (USD Thousand)
Table 24 North American Market for Hotels, By Design, 2014-2020 (USD Thousand)
Table 25 North American Chilled Beam System Market for Other Applications, By Design, 2014-2020 (USD Thousand)
Table 26 North American Market, By Country, 
Table 27 U.S. Chilled Beam System Market, By Design, 2014-2020 ($Million)
Table 28 U.S. Market, By Application, 2014-2020 ($Million)
Table 29 Canadian Market, By Design,
Table 30 Canadian Market, By Application, 
Table 31 Mexican Chilled Beam System Market, By Design,
Table 32 Mexican Market, By Application,
Table 33 European Market, By Design, 2014-2020 ($Million)
Table 34 European Market, By Application,
Table 35 European Market for Commercial Offices, 
Table 36 European Market for Educational Institutions, By Design, 2014-2020 ($Million)
Table 37 European Market for Healthcare Facilities, 
Table 38 European Market for Hotels, By Design, 
Table 39 European Market for Other Applications,
Table 40 European Market, By Country, 2014-2020 ($Million)
Table 41 German Chilled Beam System Market, By Design, 2014-2020 ($Million)
Table 42 German Market, By Application,
Table 43 France Market, By Design, 2014-2020 ($Million)
Table 44 France Market, By Application,
Table 45 U.K. Chilled Beam System Market, By Design, 2014-2020 ($Million)
Table 46 U.K. Market, By Application, 2014-2020 ($Million)
Table 47 Swedish Chilled Beam System Market, By Design, 2014-2020 ($Million)
Table 48 Swedish Market, By Application,
Table 49 Norwegian Market, By Design,
Table 50 Norwegian Market, By Application,
Table 51 Rest of European Chilled Beam System Market, By Design, 
Table 52 Rest of European Market, By Application, 
Table 53 Asia-Pacific Chilled Beam System Market, By Design,
Table 54 Asia-Pacific Market, By Application,
Table 55 Asia-Pacific Market for Commercial Offices, 
Table 56 Asia-Pacific Market for Educational Institutions,  By Design, 2014-2020 (USD Thousand)
Table 57 Asia-Pacific Market for Healthcare Facilities, 
Table 58 Asia-Pacific Market for Hotels, By Design, 
Table 59 Asia-Pacific Market for Other Applications,
Table 60 Asia-Pacific Market, By Country,
Table 61 Japanese Market, By Design,
Table 62 Japanese Market, By Application, 
Table 63 Australian Chilled Beam System Market, By Design,
Table 64 Australian Market, By Application, 
Table 65 Indian Market, By Design,
Table 66 Indian Market, By Application,
Table 67 Chinese Chilled Beam System Market, By Design,
Table 68 Chinese Market, By Application, 
Table 69 Rest of Asia-Pacific Market, By Design, 
Table 70 Rest of Asia-Pacific Market, By Application, 
Table 71 RoW Market, By Design, 2014-2020 ($Million)
Table 72 RoW Market, By Application,
Table 73 RoW Market, By Region, 2014-2020 ($Million)
Table 74 New Product Launches, 2013-2015
Table 75 Mergers and Acquisitions, 2013–2014
Table 76 Expansions, 2013–2015
 
 
List of Figures (60 Figures)
 
Figure 1 Markets Covered By the Global Chilled Beam System Market
Figure 2 Global Market, By Geography
Figure 3 Research Design
Figure 4 Estimated Size of Commercial Real Estate (CRE) Industry, By Region, 2011–2021 (Trillion USD)
Figure 5 HVAC System Annual Energy Consumption (Kwh/M2)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Market Breakdown and Data Triangulation
Figure 9 Assumptions of the Research Study
Figure 10 Limitations of the Research Study
Figure 11 Evolution of the Market
Figure 12 Global Market Snapshot (2014 vs. 2020): Installations in Hotels is Expected to Grow at the Highest Rate
Figure 13 Multi-Service Chilled Beam Application is Expected to Grow at the Highest Rate Between 2015 and 2020
Figure 14 European Market, By Country, 2014
Figure 15 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Untapped Market Opportunities for Chilled Beam Suppliers Across Various Applications
Figure 17 Commercial Offices Market is Likely to Have A Promising Future in Europe
Figure 18 Application of Chilled Beam Systems in Hotels is Expected to Grow at the Highest Rate Between 2015 and 2020
Figure 19 Active Chilled Beam Market in Europe is Expected to Account for the Largest Market Share By 2020
Figure 20 Europe Accounted for the Largest Share of the Global Market, 2014
Figure 21 Asia-Pacific Markets are Expected to Grow Faster Than Their Counterparts in Europe During the Forecast Period
Figure 22 Sweden Held the Largest Share of the Global Chilled Beam System Market, 2015-2020
Figure 23 Global Market Segmentation
Figure 24 Global Market, By Design
Figure 25 Global Chilled Beam System Market, By Function
Figure 26 Global Market, By Application
Figure 27 Global Market, By Geography
Figure 28 Drivers, Restraints, Opportunities, and Challenges for the Global Chilled Beam System Market
Figure 29 Global Delivered Electricity Consumption By the Commercial Sector, 2010-2020
Figure 30 Delivered Electricity Consumption By the Global Commercial Sector, 2010-2020
Figure 31 Delivered Electricity Consumption By the North American Commercial Sector, 2010-2020
Figure 32 Total Commercial Floor Space in the U.S., 2011-2020
Figure 33 Electricity Consumption By the U.S. Commercial Sector,  By Application, 2011-2020
Figure 34 Market: Value Chain Analysis
Figure 35 Porter’s Five Forces Analysis
Figure 36 The Porter’s Five Forces Analysis for the Chilled Beam System Market
Figure 37 Chilled Beam System Market: Threat of New Entrants
Figure 38 Global Chilled Beam System Market: Threat of Substitutes
Figure 39 Market: Bargaining Power of Suppliers
Figure 40 Market: Bargaining Power of Buyers
Figure 41 Market: Degree of Competition
Figure 42 Market: Industry Life Cycle
Figure 43 Global Market, By Design
Figure 44 Global Market, By Function
Figure 45 Global Market, By Application
Figure 46 Companies Adopted Mergers and Acquisitions as the Key Growth Strategy Over the Last Three Years (2013-2015)
Figure 47 Rank Analysis, 2014
Figure 48 Market Evaluation Framework: Mergers and Acquisitions Have Fueled Growth and Innovation in the Market, 2013-2015
Figure 49 Battle for Market Share: Mergers and Acquisitions Emerged as the Key Strategy
Figure 50 Geographic Revenue Mix of the Top Market Players
Figure 51 Trox GmbH: SWOT Analysis
Figure 52 Halton Group: SWOT Analysis
Figure 53 Flakt Woods Group Sa: Company Snapshot
Figure 54 Flakt Woods Group: SWOT Analysis
Figure 55 Swegon AB: Company Snapshot
Figure 56 Swegon Group AB : SWOT Analysis
Figure 57 Dadanco Pty Ltd.: SWOT Analysis
Figure 58 Lindab AB : Company Snapshot
Figure 59 Caverion Corporation: Company Snapshot
Figure 60 Systemair AB: Company Snapshot

Chilled beam system are of three types  which include active, passive, and multi-service chilled beams which are used to constantly provide energy efficient air conditioning and ventilation system to the building in which they are installed. The demand for chilled beam systems has been increasing at a considerable rate with the increasing need for energy conservation in several applications. However, the market faces various challenges due to a complicated trade-off between temperature and latent load (humidity), to prevent condensation over the beams. Moreover, factors such as the high cost of ownership along with the lack of consumer awareness act as restraints towards the growth of the market. However, the market is expected to grow at an estimated CAGR of 11.14% between 2015 and 2020, driven by the increase in demand for energy saving in buildings and enhanced thermal comfort for occupants, in addition to the increasing benefits of chilled beam systems such as low noise levels, floor-to-floor space savings, and good indoor air quality in various applications.

The key market players in the market aim to increase their product offerings and market size in various applications and regions through collaborations, partnerships, new product launches, and by upgrading the existing products. The report covers the market which has been segmented on the basis of design, function, application, and geography. Furthermore, it comprises the analyses of the market dynamics during the forecast period, Porter’s Five Forces analysis, and the current competitive scenario along with the market size analysis of the key players. The report also includes the detailed profiles of the major players in the chilled beam system market along with their growth strategies.

Global Chilled Beam System Market

Chilled Beam System Market

Source: MarketsandMarkets Analysis

This report describes the drivers, restraints, opportunities, and challenges pertaining to the chilled beam system market. Furthermore, it analyses the current market scenario and forecasts the market till 2020, including a market segmentation based on design, function, application, and geography. Different chilled beam systems include active, passive, and multi-service chilled beams. Among these, active chilled beams account for the major share of the market. Moreover, the multi-service chilled beam segment is also expected to grow at a significant CAGR of 13.88% during the forecast period. Europe held the major share of the market in 2014, followed by North America and Asia-Pacific. Some of the major companies included in the report are TROX GmbH (Germany), Halton Group (Finland), Flakt Woods Group (Switzerland), FTF Group (U.S.), Swegon AB (Sweden), Lindab AB (Sweden), Systemair AB (Sweden), Dadanco Pty Ltd. (Australia), Caverion Corporation (Finland), and Titus HVAC (U.S.), and others.

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