Chilled Beam System Market Size, Share & Trends Analysis Report By Design (Active Chilled Beams, Passive Chilled Beams, Multi-Service Chilled Beams), By Function, By Application (Commercial Offices), By Region, And Segment Forecasts, 2024 - 2030

Chilled Beam System Market Size & Trends

The global chilled beam system market size was estimated at USD 365.4 million in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The market is primarily driven by increasing demand for energy-efficient cooling solutions in commercial buildings. As energy costs rise and there is an increased focus on reducing carbon emissions, both commercial and residential constructions are integrating systems that offer energy efficiency advantages. Chilled beam systems, which use less energy than traditional air conditioning systems by relying on water for heating and cooling, align perfectly with this trend.

A chilled beam system is a type of heating, ventilation, and air conditioning (HVAC) technology used to heat and cool large buildings. It's a water-based system that relies on the principle of convection to regulate the temperature within indoor spaces. Many organizations are moving toward greener, more sustainable building practices. Chilled beam systems, being more energy-efficient and using water as a transfer medium, align well with these sustainability goals.

The rising demand for improved indoor air quality (IAQ) and thermal comfort in buildings. Chilled beam systems provide superior air quality as they do not recirculate air, thus lowering the risk of spreading airborne contaminants. This aspect has become particularly pertinent in the wake of global health concerns, notably the COVID-19 pandemic, which has amplified focus on IAQ in public buildings, offices, and healthcare facilities.

Drivers, Opportunities & Restraints

Technological advancements and regulatory support are driving the market. Innovations in chilled beam designs, including the integration of smart controls and improved aesthetics, have broadened their appeal and application range. Additionally, governments and regulatory bodies across the globe are setting stringent energy efficiency standards and offering incentives for green building practices. Such policies encourage the adoption of energy-saving technologies like chilled beam systems. As the technology gains in sophistication and the regulatory environment continues to favor sustainable construction practices, the market for chilled beam systems is expected to witness significant growth, making them a key component in future HVAC solutions.

Moreover, chilled beams operate silently, enhancing the comfort of occupants by eliminating noise associated with traditional forced-air systems. This silent operation, coupled with efficient humidity control, makes chilled beam systems appealing in settings where noise minimization and air quality are paramount, such as hospitals, laboratories, and educational institutions.

While the chilled beam system market has significant benefits and drivers, it faces a notable restraint in the form of high initial installation costs. The complexity of integrating these systems into existing or new buildings demands specialized design considerations and can lead to increased upfront expenditures.

Design Insights

“The demand for passive chilled beams segment is expected to grow at a CAGR of 7.8% from 2024 to 2030 in terms of revenue”

Active chilled beams led the market and accounted for 41.7% of the global revenue share in 2023. Active chilled beams provide an effective method for space cooling and heating, utilizing water's high thermal capacity for energy transfer, which is significantly more efficient than traditional air-based systems. This efficiency, coupled with the system's low noise levels and space-saving characteristics, makes active chilled beams particularly attractive for commercial buildings, healthcare facilities, educational institutions, and high-end residential projects. Which will positively impact the demand for active chilled beams market

Passive chilled beams are witnessing steady growth, underpinned by the broader trend toward energy-efficient building solutions and sustainable construction practices. Passive chilled beams, which operate based on natural convection without the need for ductwork or fans, offer a silent and efficient means to cool and heat indoor spaces. This technology is particularly attractive for application in spaces where noise minimization is crucial, such as in offices, hospitals, schools, and other institutional buildings.

Function Insights

“The demand for cooling only segment is expected to grow at a CAGR of 7.2% from 2024 to 2030 in terms of revenue”

Cooling only segment accounted for 42.2% of the global revenue share in 2023. Demand for the cooling only segment is encouraged by the system's minimal maintenance requirements and superior air quality benefits, as chilled beams do not recirculate air, thus reducing the distribution of airborne contaminants. This aspect is particularly appealing in settings that prioritize indoor air quality, such as healthcare facilities, laboratories, and educational institutions. Moreover, the rising global temperatures due to climate change, increasing urbanization, and the subsequent growth in the construction sector, particularly in regions with hot climates, will further drive the demand for cooling only chilled beam systems.

The market demand for chilled beam systems that provide both cooling and heating is on a significant upward trend, driven by the growing need for versatile and energy-efficient HVAC solutions across various sectors. This dual-functionality segment appeals especially to commercial buildings, healthcare facilities, and educational institutions aiming for year-round climate control with reduced energy consumption and operational costs. The integration of both cooling and heating capabilities in a single system not only simplifies the building's HVAC design but also aligns with the global push toward sustainability and green building practices, which will further drive the market for chilled beam system.

Application Insights

“The demand from hotel application segment is expected to grow at a significant CAGR of 7.1 % from 2024 to 2030 in terms of revenue”

Commercial offices accounted for 27% of the global revenue share in 2023. The market for commercial offices is observing a notable uptick, driven by the growing demand for energy-efficient cooling solutions within the modern workspace. As businesses increasingly focus on sustainability and reducing operational costs, chilled beam technology, known for its low noise levels and minimal maintenance requirements, is becoming a preferred method for climate control. This system not only offers a comfortable working environment by maintaining optimal temperature and humidity levels but also aligns with green building standards, enhancing its appeal. Its ability to integrate seamlessly with existing HVAC systems in commercial offices further bolsters its market growth, making it a go-to option for companies aiming to upgrade their office spaces with advanced, energy-saving cooling technologies.

The hotel applications are experiencing significant growth, driven by the hospitality sector's increasing focus on energy efficiency, sustainability, and guest comfort. Hotels are adopting chilled beam technology due to its advantages such as quiet operation, space efficiency, and energy savings, which are crucial for enhancing guest experiences while also meeting environmental goals. The integration of smart technologies for optimized control further propels this demand, making chilled beam systems a preferred choice in creating comfortable and sustainable indoor environments.

Regional Insights

“U.S. to witness the fastest growth at a CAGR of 8.2%”

North America chilled beam system market holds a significant share in the global market, fueled by a growing emphasis on energy efficiency and sustainable building practices across the United States and Canada. The stringent energy regulations and standards in place encourage the adoption of energy-saving HVAC technologies like chilled beam systems in commercial and residential buildings, including hotels, offices, and healthcare facilities. Moreover, the push toward green buildings, driven by both governmental policies and a cultural shift toward environmental consciousness, further bolsters the demand for chilled beam system market.

U.S. Chilled Beam System Market Trends

The chilled beam system market in the U.S. is estimated to grow at a significant CAGR of 8.2% over the forecast period primarily driven by the increasing demand for energy-efficient cooling solutions across various sectors, including educational institutes, healthcare facility, and hotels. The trend toward sustainable building practices, along with stricter regulations on energy consumption, fuels the adoption of chilled beam systems. These systems offer a more efficient way to cool spaces compared to traditional HVAC systems by using less energy and reducing operational costs. As awareness about environmental sustainability continues to grow among consumers and businesses alike, the market for chilled beam systems in the U.S. is expected to witness considerable growth.

Asia Pacific Chilled Beam System Market Trends

The chilled beam system market in Asia Pacific is experiencing significant growth, primarily fueled by the rapid urbanization and industrialization across the region. Countries such as China, India, Japan, and South Korea are leading this expansion, driven by rising demands for energy-efficient and sustainable cooling solutions in the commercial, residential, and industrial sectors. The push toward green buildings and the stringent energy regulations set forth by governments in the region further bolster the adoption of chilled beam systems.

Europe Chilled Beam System Market Trends

The chilled beam system market in Europe is predominantly driven by the region's strong emphasis on energy efficiency and sustainable building practices. Europe has long been at the forefront of implementing stringent energy regulations and standards, which significantly influences the adoption of energy-efficient technologies such as chilled beam systems. Countries like Germany, the UK, Sweden, and France are leading this trend, with numerous projects in both public and private sectors incorporating chilled beam technology to meet cooling and heating demands more sustainably.

Key Chilled Beam System Company Insights

Some of the key players operating in the market include Halton Group, TROX GmbH, Krantz Systems among others.

• Halton Group is a global leader in providing indoor climate solutions, including advanced chilled beam systems. The company specializes in creating optimal environments for a range of sectors such as commercial, healthcare, education, and more. Its chilled beam technology is designed to meet the growing demands for energy-efficient cooling and ventilation solutions that enhance indoor air quality and comfort.

• TROX GmbH is a prominent player in the global market for indoor air conditioning and ventilation solutions, known for its high-quality chilled beam systems. TROX offers a comprehensive range of chilled beam products, including active, passive, and multi-service beams, designed to meet the specific requirements of various applications, from office buildings to healthcare facilities.

AirFixture, LLC, Swegon Group AB, Dadanco, are some of the emerging market participants in the chilled beam system market.

• Swegon has built a strong international presence since its inception, focusing on providing products that enhance indoor air quality and comfort while prioritizing sustainability. The company’s portfolio in the chilled beam sector includes a wide array of products tailored for various settings, including commercial buildings, educational institutions, and healthcare facilities.

• Dadanco is an innovative company with a specialized focus on providing advanced HVAC solutions, including a strong emphasis on the chilled beam market. Known for its pioneering approach, Dadanco has made a significant mark with its Active Chilled Beam technology, which integrates seamlessly with modern, energy-efficient building designs. Originating from Australia, the company distinguishes itself through a commitment to sustainability and improving indoor air quality, emphasizing energy savings and reduced operational costs for its clients.

Recent Developments

• In January 2023, Aermec launched its next-generation active chilled beam technology, heralding a significant leap forward in air conditioning and climate control solutions. This innovative system is designed to enhance indoor air quality and energy efficiency in commercial buildings.

• In November 2022, Lindab introduced the Plafond XD, an innovative active chilled beam that exemplifies the perfect blend of exceptional indoor climate control and adaptable design features. This state-of-the-art solution is engineered to meet the diverse needs of modern interiors, offering energy-efficient performance without compromising on aesthetic appeal.

Chilled Beam System Market Report Scope

Global Chilled Beam System Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the chilled beam system market report on the basis of design, function, application and region:

• Design Outlook (Revenue, USD Million, 2018 - 2030)

  • Active Chilled Beams

  • Passive Chilled Beams

  • Multi-Service Chilled Beams

• Function Outlook (Revenue, USD Million, 2018 - 2030)

  • Cooling Only

  • Cooling and Heating

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Commercial Offices

  • Educational Institutions

  • Healthcare Facilities

  • Hotels

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE