Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A07847 | Pages: NA | Charts: NA | Tables: NA |
Chilled beams are the type of HVAC systems that provide energy-efficient solutions with improved indoor air quality and thermal comfort. Water is used as the medium for cooling and heating in these systems. The basic principle behind the cooling and heating process with the aid of water is convection. Chilled warm water is passed through the chilled beam systems and the air which comes in contact with them gets cooled and spreads in the desired space. Room temperature is constantly monitored by the sensors installed over the beams to avoid dripping and condensation of water into the area. These systems hold major applications in commercial offices, healthcare facilities, educational institutions, hotels, and more due to their features like energy efficiency and improve the efficiency of air conditioning systems.
COVID-19 Scenario analysis:
The growing demand for energy-efficient buildings along with escalating demand for enhanced thermal comfort are the major factors that are expected to drive the growth of the chilled beams market in the upcoming years. Besides, government initiatives for encouraging energy-efficient systems can propel the growth of the chilled beams market. Moreover, technological developments and new product launches in the HVAC industry can potentially drive the growth of the chilled beams market during the forecast period. However, high dust levels and supply of water are the restraining factors that are hampering the market growth. On the contrary, huge investments by governments of developing countries for infrastructure development are anticipated to create lucrative growth opportunities for the chilled beams market in the coming years.
Leading manufacturers of the chilled beam systems are regularly upgrading their products with new and innovative technologies that provide multiple uses and helps them to differentiate their products from others in the market. For instance, TROX GmbH, a German-based leading manufacturer of indoor appliances launched Multi-Service Chilled Beams in 2019. These systems can perform additional functions like ventilation, smoke detection, motion detection, fire sprinklers, lighting, and public address apart from normal functions like heating and cooling. Besides, these systems not only meet the technical specifications but also enhance the aesthetic appeal of the space. Such new product developments can steer the demand for chilled beams in the upcoming years.
Commercial and residential structures consume a major portion of the total electricity consumed by a country. In the case of India, it was nearly one-third of the total electricity consumed in 2016, according to statistics provided by the Ministry of Statistics. The rapidly growing population has resulted in a surge in energy demand lately. The government of India launched the revised Energy Conservation Building Code (ESBC) 2017 to provide energy savings in commercial buildings. The code mentioned the energy standards for commercial buildings to decrease energy consumption. Also, it has set parameters for designers, architects, and builders to provide building designs with a target of reducing energy consumption by 50 percent by 2030. Chilled beams can the best viable option to achieve this target. Increasing demand for energy-efficient buildings can boost the demand for the chilled beams for commercial and residential structures in the upcoming years.
Key benefits of the report:
Key Market Segments
Key Market Players