Chilled Beams Market Size - By Product Type (Active chilled beams, Passive chilled beams, Multi-service chilled beams), By Material (Copper, Steel, Aluminum, Plastic, Composite materials), By Application, By End-Use By Region & Forecast, 2024 – 2032

Chilled Beams Market Size - By Product Type (Active chilled beams, Passive chilled beams, Multi-service chilled beams), By Material (Copper, Steel, Aluminum, Plastic, Composite materials), By Application, By End-Use By Region & Forecast, 2024 – 2032

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.
 

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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.

Chilled Beams Market Trends

In recent years, smart and Internet of Things (IoT) technologies have been increasingly integrated into chilled beam systems, allowing for real-time monitoring and management of HVAC systems, thereby optimizing energy efficiency and improving user comfort. Moreover, the industry has witnessed an increased demand for customized and aesthetically appealing chilled beam designs that integrate with modern architectural styles. These trends highlight the market's dynamic nature, with a focus on innovation, sustainability, and user-centered solutions.

Chilled Beams Market Analysis

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Based on product type, the active chilled beams dominated the market with a share of 72% in 2023 and is expected to reach 660.3 million by 2032. Active chilled beams are innovative HVAC systems that use convection principles to efficiently heat or cool indoor spaces. They rely on air induction through a heat exchanger to provide precise temperature control and better indoor air quality. The preference for energy-efficient and sustainable HVAC solutions is driving the adoption of active systems.

Based on material, the aluminum segment was worth over 335.6 million in 2023 and is estimated to grow at a CAGR of 5.4% from 2024 to 2032. Aluminum chilled beams offer strength and corrosion resistance, ensuring long-term performance. Due to its recyclability, the material is a long-term choice for energy-efficient building designs. Aluminum's versatility in design and ease of installation make it a popular material for heat-exchange efficiency and long-term performance applications.

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Based on end-use, the new construction segment crossed 353.1 million in 2023 and is predicted to showcase about 5% CAGR from 2024 to 2032, due to rising urbanization. According to the U.S. Census Bureau, new residential development projects exceeded 1.44 million in July 2023. As builders and developers focus on green building practices and energy efficiency, chilled beams are developing as an energy-efficient & cost-effective heating and cooling solution. The growing emphasis on environmental responsibility through creative solutions will propel the growth of the new building segment.

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Asia Pacific dominated the chilled beams market with a share of 45% in 2023 and is expected to grow at a robust CAGR of 5.4% through 2032. This is due to increased international investment in the region's infrastructure sector, which is supporting market growth. The growing need for sustainable structures as a result of rising environmental concerns and pollution rates is driving the deployment of modular construction, which is contributing considerably to product growth.

According to the Global Construction Survey, China's construction sector is expected to grow by 12.4% to USD 1355.31 billion in 2021.

In terms of country, the U.S. dominated the North America chilled beams market with a share of 80.7 million in 2023. The increasing development of commercial and residential constructions will continue to boost the adoption of chilled beam systems in the country. Rapid industrialization and government-supported programs encourage the construction of green buildings in the U.S.

Germany led the Europe chilled beams market, accounting for a share of about 24% in 2023. Germany is a major exporter and producer of chilled beam systems throughout the globe. The existence of prominent competitors, as well as the demand for technologically advanced heating and cooling systems in Germany, are important factors fostering chilled beam systems market expansion.

Chilled Beams Market Share

The market is consolidated, with prominent players such as Lindab International AB, Caverion Corporation, Ltd., and FlaktGroup. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to consolidate their market position and meet the growing consumer demand.

Chilled Beams Market Share

Major players operating in the chilled beams industry include

• Barcol Air Group AG
• Caverion Corporation
• Dadanco Europe
• Emco Bau- und Klimatechnik GmbH & Co. KG
• FlaktGroup
• FTF Group
• Halton Group
• Johnson Controls International Plc
• Lindab International AB
• LTG Aktiengesellschaft
• MADEL Air Technical Diffusion S.E.
• Mestek, Inc.
• Nijburg Industry Group.
• NuClimate Air Quality Systems, Inc.
• Price Industries Inc.
• Roccheggiani S.p.A
• SAS International
• Swegon AB
• TROX GmbH

Chilled Beams Industry News

• In July 2023, Halton Group, a global leader in indoor air technologies, released its first Environmental Product Declaration for chilled beamsHalton Rex RXP, Halton Rex RE6, and Halton
   
• In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic partnership with Apollo Global Management, a leading global asset manager. The companies aimed to provide sustainable and energy-efficient solutions in a variety of sectors to address decarbonization and high building operational costs.

This chilled beams market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2032, for the following segments

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Market, By Product type

• Active chilled beams
• Passive chilled beams
• Multi-service chilled beams

Market, By Material

• Copper
• Steel
• Aluminum
• Plastic
• Composite materials

Market, By Application

• Residential
• Commercial
• Industrial

Market, By End-Use

• New construction
• Renovation

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Portugal
  • Romania
  • Switzerland
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa