Table of Content

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 CHILLED BEAM SYSTEM MARKET SEGMENTATION 28
1.3.2 GEOGRAPHIC SCOPE 29
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY 30
1.5 STAKEHOLDERS 30
1.6 SUMMARY OF CHANGES 31

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 RESEARCH DESIGN 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 33
2.1.2 SECONDARY DATA 34
2.1.2.1 List of major secondary sources 34
2.1.2.2 Key data from secondary sources 34
2.1.3 PRIMARY DATA 35
2.1.3.1 Key data from primary sources 35
2.1.3.2 Key industry insights 36
2.1.3.3 Breakdown of primaries 36
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach for arriving at market share by bottom-up approach (demand side): 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 38
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR CHILLED BEAM SYSTEMS THROUGH SUPPLY-SIDE ANALYSIS 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION 41
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2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 42
2.4.1 ASSUMPTIONS 42
FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY 42
2.4.2 LIMITATIONS 43
FIGURE 9 LIMITATIONS OF RESEARCH STUDY 43

3 EXECUTIVE SUMMARY 44
FIGURE 10 IMPACT OF COVID-19 ON CHILLED BEAM SYSTEM MARKET 44
3.1 REALISTIC SCENARIO 45
3.2 PESSIMISTIC SCENARIO 45
3.3 OPTIMISTIC SCENARIO 45
FIGURE 11 ACTIVE CHILLED BEAM SYSTEMS EXPECTED TO CAPTURE LARGEST MARKET SHARE BY 2025 46
FIGURE 12 NEW CONSTRUCTION SEGMENT EXPECTED TO CAPTURE LARGER MARKET SHARE BY 2025 47
FIGURE 13 COMMERCIAL OFFICES SEGMENT TO DOMINATE CHILLED BEAM SYSTEM MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD 47
FIGURE 14 EUROPE TO HOLD LARGEST SHARE OF CHILLED BEAM SYSTEM MARKET
BY 2025 48

4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN GLOBAL CHILLED BEAM SYSTEM MARKET 49
FIGURE 15 INCREASING NEED FOR ENERGY SAVINGS TO DRIVE GROWTH OF CHILLED BEAM SYSTEM MARKET, 2020–2025 49
4.2 CHILLED BEAM SYSTEM MARKET, BY DESIGN 49
FIGURE 16 MULTI-SERVICE CHILLED BEAM SYSTEM MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 49
4.3 CHILLED BEAM SYSTEM MARKET, BY BUSINESS 50
FIGURE 17 CHILLED BEAM SYSTEMS FOR NEW CONSTRUCTION BUSINESS TO ACCOUNT FOR LARGER SHARE BY 2025 50
4.4 CHILLED BEAM SYSTEM MARKET, BY APPLICATION 50
FIGURE 18 CHILLED BEAM SYSTEM MARKET FOR HOTELS IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 50
4.5 CHILLED BEAM SYSTEM MARKET, BY GEOGRAPHY 51
FIGURE 19 SWEDEN HELD LARGEST SHARE OF GLOBAL CHILLED BEAM SYSTEM MARKET IN 2020 51

5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 EVOLUTION 53
5.3 MARKET DYNAMICS 54
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR GLOBAL CHILLED BEAM SYSTEM MARKET 54
5.3.1 DRIVERS 54
5.3.1.1 Rising need for energy savings 55
5.3.1.2 Several advantages offered by chilled beam systems over traditional HVAC systems 56
5.3.2 RESTRAINT 57
5.3.2.1 Lack of consumer awareness and high initial costs 57
5.3.3 OPPORTUNITY 57
5.3.3.1 Expected growth in adoption of chilled beam systems in
North America 58
FIGURE 21 COMMERCIAL SECTOR DELIVERED ENERGY CONSUMPTION, 2010-2050 58
FIGURE 22 COMMERCIAL FLOOR SPACE GROWTH, 2019-2050 59
FIGURE 23 US COMMERCIAL ELECTRICITY CONSUMPTION, BY END USE, 2019 & 2050 59
5.3.4 CHALLENGES 60
5.3.4.1 Risk of condensation over chilled beam coil 60
5.3.4.2 Risk of water leaks and lack of filters used in chilled beams 61
5.4 VALUE CHAIN ANALYSIS 61
FIGURE 24 CHILLED BEAM SYSTEM MARKET: VALUE CHAIN ANALYSIS 62
5.5 ECOSYSTEM 62
FIGURE 25 CHILLED BEAMS: ECOSYSTEM ANALYSIS 62
5.6 PORTER’S FIVE FORCES MODEL 63
TABLE 1 IMPACT OF EACH FORCE ON CHILLED BEAM SYSTEM MARKET 63
5.6.1 THREAT OF NEW ENTRANTS 63
5.6.2 THREAT OF SUBSTITUTES 64
5.6.3 BARGAINING POWER OF SUPPLIERS 64
5.6.4 BARGAINING POWER OF BUYERS 64
5.6.5 DEGREE OF COMPETITION 64
5.7 CASE STUDIES 65
5.7.1 CASE STUDY: 250 S. WACKER – RENOVATION OF INDUCTION SYSTEM WITH ACTIVE CHILLED BEAMS 65
5.7.2 CASE STUDY: MEMORIAL HOSPITAL AND HEALTH CARE CENTER 66
5.7.3 CASE STUDY: MARSTON HALL AT IOWA STATE UNIVERSITY IN AMES 66
5.8 TECHNOLOGY TRENDS 67
5.8.1 USE OF CONTROL SENSORS TO AVOID FORMATION OF CONDENSATE ON CHILLED BEAM SURFACES 67
5.8.2 VIRTUAL REALITY PLATFORM 68
5.9 PRICING ANALYSIS 68
TABLE 2 AVERAGE SELLING PRICE RANGE OF CHILLED BEAMS 68
TABLE 3 AVERAGE SELLING PRICE RANGE OF CHILLERS 68
5.10 TRADE ANALYSIS 69
TABLE 4 EXPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 69
TABLE 5 IMPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 70
5.11 PATENT ANALYSIS 71
5.11.1 PATENTS PERTAINING TO CHILLED BEAM SYSTEM MARKET 71
5.12 REGULATORY LANDSCAPE 72

6 CHILLED BEAM SYSTEM MARKET, BY FUNCTION 74
6.1 INTRODUCTION 74
FIGURE 26 GLOBAL CHILLED BEAM SYSTEM MARKET, BY FUNCTION 74
6.2 COOLING 74
6.3 COOLING AND HEATING 74

7 CHILLED BEAM SYSTEM MARKET, BY BUSINESS 75
7.1 INTRODUCTION 76
FIGURE 27 GLOBAL CHILLED BEAM SYSTEM MARKET, BY BUSINESS 76
TABLE 6 CHILLED BEAM SYSTEM MARKET, BY BUSINESS, 2016–2019 (USD MILLION) 76
TABLE 7 CHILLED BEAM SYSTEM MARKET, BY BUSINESS, 2020–2025 (USD MILLION) 76
7.2 NEW CONSTRUCTIONS 77
7.2.1 SIGNIFICANT LONG-TERM COST SAVINGS AND HIGH ENERGY EFFICIENCY OFFERED BY CHILLED BEAM SYSTEMS TO DRIVE THEIR DEMAND IN NEW CONSTRUCTIONS 77
7.3 RENOVATIONS 77
7.3.1 ENERGY SAVING POTENTIAL OF CHILLED BEAM SYSTEMS IS BOOSTING THEIR DEMAND IN RENOVATION BUSINESS 77

8 CHILLED BEAM SYSTEM MARKET, BY DESIGN 78
8.1 INTRODUCTION 79
FIGURE 28 ACTIVE CHILLED BEAM SYSTEMS TO LEAD OVERALL MARKET BY 2025 79
TABLE 8 CHILLED BEAM SYSTEM MARKET, BY DESIGN, 2016–2019 (USD MILLION) 79
TABLE 9 CHILLED BEAM SYSTEM MARKET, BY DESIGN, 2020–2025 (USD MILLION) 80
FIGURE 29 CHILLED BEAM SYSTEM MARKET, BY DESIGN 80
8.2 ACTIVE CHILLED BEAMS 80
8.2.1 STRINGENT REGULATIONS REGARDING ENERGY-EFFICIENT BUILDINGS IN
US ARE LIKELY TO FUEL DEMAND FOR ACTIVE CHILLED BEAMS 80
TABLE 10 ACTIVE CHILLED BEAM MARKET, BY REGION, 2016–2019 (USD MILLION) 81
TABLE 11 ACTIVE CHILLED BEAM MARKET, BY REGION, 2020–2025 (USD MILLION) 81
TABLE 12 NORTH AMERICAN ACTIVE CHILLED BEAM MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 81
TABLE 13 NORTH AMERICAN ACTIVE CHILLED BEAM MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 82
TABLE 14 EUROPEAN ACTIVE CHILLED BEAM MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 82
TABLE 15 EUROPEAN ACTIVE CHILLED BEAM MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 82
TABLE 16 ACTIVE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2016–2019 (USD MILLION) 83
TABLE 17 ACTIVE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2020–2025 (USD MILLION) 83
TABLE 18 ACTIVE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2016–2019 (USD THOUSAND) 83
TABLE 19 ACTIVE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2020–2025 (USD THOUSAND) 84
8.3 PASSIVE CHILLED BEAMS 84
8.3.1 PASSIVE CHILLED BEAMS ARE INCREASINGLY BEING PREFERRED IN COMMERCIAL OFFICE SPACES DUE TO THEIR LOW RUNNING COSTS AND ENERGY CONSUMPTION 84
TABLE 20 PASSIVE CHILLED BEAM MARKET, BY REGION, 2016–2019 (USD MILLION) 84
TABLE 21 PASSIVE CHILLED BEAM MARKET, BY REGION, 2020–2025 (USD MILLION) 85
TABLE 22 NORTH AMERICAN PASSIVE CHILLED BEAM MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 85
TABLE 23 NORTH AMERICAN PASSIVE CHILLED BEAM MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND) 85
TABLE 24 EUROPEAN PASSIVE CHILLED BEAM MARKET, BY APPLICATION,
2016–2019 (USD THOUSAND) 86
TABLE 25 EUROPEAN PASSIVE CHILLED BEAM MARKET, BY APPLICATION,
2020–2025 (USD THOUSAND) 86
TABLE 26 PASSIVE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2016–2019 (USD THOUSAND) 86
TABLE 27 PASSIVE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2020–2025 (USD THOUSAND) 87
TABLE 28 PASSIVE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2016–2019 (USD THOUSAND) 87
TABLE 29 PASSIVE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2020–2025 (USD THOUSAND) 87
8.4 MULTI-SERVICE CHILLED BEAMS 88
8.4.1 MULTI-SERVICE CHILLED BEAM MARKET TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 88
TABLE 30 MULTI-SERVICE CHILLED BEAM MARKET, BY REGION,
2016–2019 (USD MILLION) 88
TABLE 31 MULTI-SERVICE CHILLED BEAM MARKET, BY REGION,
2020–2025 (USD MILLION) 89
TABLE 32 NORTH AMERICAN MULTI-SERVICE CHILLED BEAM MARKET,
BY APPLICATION, 2016–2019 (USD THOUSAND) 89
TABLE 33 NORTH AMERICAN MULTI-SERVICE CHILLED BEAM MARKET,
BY APPLICATION, 2020–2025 (USD THOUSAND) 89
TABLE 34 EUROPEAN MULTI-SERVICE CHILLED BEAM MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 90
TABLE 35 EUROPEAN MULTI-SERVICE CHILLED BEAM MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND) 90
TABLE 36 MULTI-SERVICE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2016–2019 (USD THOUSAND) 90
TABLE 37 MULTI-SERVICE CHILLED BEAM MARKET IN APAC, BY APPLICATION,
2020–2025 (USD THOUSAND) 91
TABLE 38 MULTI-SERVICE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2016–2019 (USD THOUSAND) 91
TABLE 39 MULTI-SERVICE CHILLED BEAM MARKET IN ROW, BY APPLICATION,
2020–2025 (USD THOUSAND) 91
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8.5 CHILLED BEAM SYSTEM ADOPTION BY INSTALLATION TYPE 92
FIGURE 30 CHILLED BEAM SYSTEM ADOPTION, BY INSTALLATION TYPE 92
8.5.1 EXPOSED CHILLED BEAMS 92
8.5.2 RECESSED CHILLED BEAMS 92

9 CHILLED BEAM SYSTEM MARKET, BY APPLICATION 93
9.1 INTRODUCTION 94
FIGURE 31 CHILLED BEAM SYSTEM MARKET, BY APPLICATION 94
FIGURE 32 COMMERCIAL OFFICES TO LEAD CHILLED BEAM SYSTEM MARKET BY 2025 94
TABLE 40 CHILLED BEAM SYSTEM MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 95
TABLE 41 CHILLED BEAM SYSTEM MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 95
9.2 COMMERCIAL OFFICES 96
9.2.1 CHILLED BEAM SYSTEMS ARE BROADLY ADOPTED IN COMMERCIAL OFFICES AS THEY OFFER INCREASED USABLE FLOOR SPACE 96
TABLE 42 CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY DESIGN, 2016–2019 (USD MILLION) 96
TABLE 43 CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY DESIGN, 2020–2025 (USD MILLION) 96
TABLE 44 CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY REGION, 2016–2019 (USD MILLION) 97
TABLE 45 BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY REGION,
2020–2025 (USD MILLION) 97
9.3 EDUCATIONAL INSTITUTIONS 97
9.3.1 CHILLED BEAMS PROVIDE ENVIRONMENT WITH LOW NOISE AND IMPROVED VENTILATION, WHICH IS ESSENTIAL IN CASE OF EDUCATION SETUP 97
TABLE 46 CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS,
BY DESIGN, 2016–2019 (USD MILLION) 98
TABLE 47 CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS,
BY DESIGN, 2020–2025 (USD MILLION) 98
TABLE 48 CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS,
BY REGION, 2016–2019 (USD THOUSAND) 98
TABLE 49 CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS,
BY REGION, 2020–2025 (USD THOUSAND) 99
9.4 HEALTHCARE FACILITIES 99
9.4.1 CHILLED BEAMS’ ENERGY-SAVING POTENTIAL, EASE OF USE, LOW MAINTENANCE, AND MINIMAL SPACE REQUIREMENTS DRIVE THEIR DEMAND IN HEALTHCARE FACILITIES 99
TABLE 50 CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2016–2019 (USD MILLION) 100
TABLE 51 CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2020–2025 (USD MILLION) 100
TABLE 52 CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY REGION, 2016–2019 (USD MILLION) 100
TABLE 53 CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY REGION, 2020–2025 (USD MILLION) 101
9.5 HOTELS 101
9.5.1 CHILLED BEAM SYSTEMS ARE GAINING POPULARITY IN HOTELS PRIMARILY FOR THEIR LOW SOUND AND MAINTENANCE 101
TABLE 54 CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY DESIGN,
2016–2019 (USD MILLION) 102
TABLE 55 CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY DESIGN,
2020–2025 (USD MILLION) 102
TABLE 56 CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY REGION,
2016–2019 (USD MILLION) 102
TABLE 57 CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY REGION,
2020–2025 (USD MILLION) 102
9.6 OTHERS 103
TABLE 58 CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY DESIGN, 2016–2019 (USD THOUSAND) 103
TABLE 59 CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY DESIGN, 2020–2025 (USD THOUSAND) 103
TABLE 60 CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2019 (USD THOUSAND) 103
TABLE 61 CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD THOUSAND) 104

10 GEOGRAPHIC ANALYSIS 105
10.1 INTRODUCTION 106
FIGURE 33 CHILLED BEAM SYSTEM MARKET, BY REGION 106
FIGURE 34 CANADA IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 106
FIGURE 35 ACTIVE CHILLED BEAM SYSTEMS MARKET IN EUROPE TO LEAD OVERALL MARKET BY 2025 107
TABLE 62 CHILLED BEAM SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION) 107
TABLE 63 CHILLED BEAM SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION) 107
10.2 NORTH AMERICA 108
FIGURE 36 SNAPSHOT: CHILLED BEAM SYSTEM MARKET IN NORTH AMERICA 109
TABLE 64 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY DESIGN,
2016–2019 (USD MILLION) 109
TABLE 65 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY DESIGN,
2020–2025 (USD MILLION) 110
FIGURE 37 EDUCATIONAL INSTITUTIONS TO HOLD LARGEST SIZE OF CHILLED BEAM SYSTEM MARKET IN NORTH AMERICA BY 2025 110
TABLE 66 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 110
TABLE 67 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 111
TABLE 68 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY DESIGN, 2016–2019 (USD THOUSAND) 111
TABLE 69 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES, BY DESIGN, 2020–2025 (USD THOUSAND) 111
TABLE 70 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2016–2019 (USD MILLION) 112
TABLE 71 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2020–2025 (USD MILLION) 112
TABLE 72 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2016–2019 (USD THOUSAND) 112
TABLE 73 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2020–2025 (USD THOUSAND) 113
TABLE 74 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR HOTELS,
BY DESIGN, 2016–2019 (USD THOUSAND) 113
TABLE 75 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR HOTELS,
BY DESIGN, 2020–2025 (USD THOUSAND) 113
TABLE 76 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY DESIGN, 2016–2019 (USD THOUSAND) 113
TABLE 77 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS, BY DESIGN, 2020–2025 (USD THOUSAND) 114
TABLE 78 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 114
TABLE 79 NORTH AMERICAN CHILLED BEAM SYSTEM MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Chilled beams are becoming popular as unique cost- and-energy-saving alternative to traditional air conditioning 115
10.2.2 CANADA 116
10.2.2.1 Market to grow at highest CAGR in North America 116
10.2.3 MEXICO 116
10.2.3.1 Growth in construction industry and increasing number of luxury offices to drive market 116
10.3 EUROPE 117
FIGURE 38 SNAPSHOT: CHILLED BEAM SYSTEM MARKET IN EUROPE 117
TABLE 80 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY DESIGN,
2016–2019 (USD MILLION) 118
TABLE 81 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY DESIGN,
2020–2025 (USD MILLION) 118
FIGURE 39 COMMERCIAL OFFICES TO HOLD LARGEST SIZE OF CHILLED BEAM SYSTEM MARKET IN EUROPE BY 2025 118
TABLE 82 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 119
TABLE 83 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 119
TABLE 84 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES,
BY DESIGN, 2016–2019 (USD MILLION) 119
TABLE 85 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR COMMERCIAL OFFICES,
BY DESIGN, 2020–2025 (USD MILLION) 120
TABLE 86 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2016–2019 (USD THOUSAND) 120
TABLE 87 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2020–2025 (USD THOUSAND) 120
TABLE 88 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2016–2019 (USD THOUSAND) 120
TABLE 89 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR HEALTHCARE FACILITIES, BY DESIGN, 2020–2025 (USD THOUSAND) 121
TABLE 90 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY DESIGN, 2016–2019 (USD THOUSAND) 121
TABLE 91 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR HOTELS, BY DESIGN, 2020–2025 (USD THOUSAND) 121
TABLE 92 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS,
BY DESIGN, 2016–2019 (USD THOUSAND) 121
TABLE 93 EUROPEAN CHILLED BEAM SYSTEM MARKET FOR OTHER APPLICATIONS,
BY DESIGN, 2020–2025 (USD THOUSAND) 122
TABLE 94 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 122
TABLE 95 EUROPEAN CHILLED BEAM SYSTEM MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 123
10.3.1 SWEDEN 123
10.3.1.1 Market to grow at highest rate in Europe 123
10.3.2 GERMANY 123
10.3.2.1 Cool and dry climate favorable for market growth 123
10.3.3 UK 124
10.3.3.1 Stringent building laws to propel market growth 124
10.3.4 FRANCE 124
10.3.4.1 Growth in commercial offices sector to drive market for chilled beam systems 124
10.3.5 NORWAY 124
10.3.5.1 Stringent building energy performance standards to drive market 124
10.3.6 REST OF EUROPE 124
10.4 ASIA PACIFIC 125
FIGURE 40 SNAPSHOT: CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC 125
TABLE 96 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY DESIGN,
2016–2019 (USD MILLION) 126
TABLE 97 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY DESIGN,
2020–2025 (USD MILLION) 126
FIGURE 41 MARKET FOR HOTELS TO GROW AT HIGHEST RATE IN APAC FROM
2020 TO 2025 126
TABLE 98 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY APPLICATION,
2016–2019 (USD MILLION) 127
TABLE 99 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY APPLICATION,
2020–2025 (USD MILLION) 127
TABLE 100 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR COMMERCIAL OFFICES, BY DESIGN, 2016–2019 (USD MILLION) 127
TABLE 101 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR COMMERCIAL OFFICES, BY DESIGN, 2020–2025 (USD MILLION) 128
TABLE 102 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2016–2019 (USD THOUSAND) 128
TABLE 103 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR EDUCATIONAL INSTITUTIONS, BY DESIGN, 2020–2025 (USD THOUSAND) 128
TABLE 104 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR HEALTHCARE FACILITIES, BY DESIGN, 2016–2019 (USD THOUSAND) 128
TABLE 105 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR HEALTHCARE FACILITIES, BY DESIGN, 2020–2025 (USD THOUSAND) 129
TABLE 106 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR HOTELS, BY DESIGN, 2016–2019 (USD THOUSAND) 129
TABLE 107 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR HOTELS, BY DESIGN, 2020–2025 (USD THOUSAND) 129
TABLE 108 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR OTHER APPLICATIONS, BY DESIGN, 2016–2019 (USD THOUSAND) 129
TABLE 109 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC FOR OTHER APPLICATIONS, BY DESIGN, 2020–2025 (USD THOUSAND) 130
TABLE 110 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY COUNTRY,
2016–2019 (USD MILLION) 130
TABLE 111 CHILLED BEAM SYSTEM MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2025 (USD MILLION) 131
10.4.1 JAPAN 131
10.4.1.1 Replacement of traditional air condition and ventilation systems to reduce energy consumption is expected to create demand 131
10.4.2 AUSTRALIA 132
10.4.2.1 Chilled beam system market in Australia to dominate market in
APAC during forecast period 132
10.4.3 INDIA 132
10.4.3.1 Booming construction industry, emerging smart building criteria, and growing consumer concerns toward energy savings to drive market 132
10.4.4 CHINA 132
10.4.4.1 Green construction initiatives to boost market growth 132
10.4.5 REST OF ASIA PACIFIC 133
10.5 REST OF THE WORLD (ROW) 133
FIGURE 42 ACTIVE CHILLED BEAMS TO HOLD LARGEST SIZE OF MARKET IN ROW
BY 2025 133
TABLE 112 CHILLED BEAM SYSTEM MARKET IN ROW, BY DESIGN,
2016–2019 (USD THOUSAND) 134
TABLE 113 CHILLED BEAM SYSTEM MARKET IN ROW, BY DESIGN,
2020–2025 (USD THOUSAND) 134
TABLE 114 CHILLED BEAM SYSTEM MARKET IN ROW, BY APPLICATION,
2016–2019 (USD THOUSAND) 134
TABLE 115 CHILLED BEAM SYSTEM MARKET IN ROW, BY APPLICATION,
2020–2025 (USD THOUSAND) 135
TABLE 116 CHILLED BEAM SYSTEM MARKET IN ROW, BY REGION,
2016–2019 (USD MILLION) 135
TABLE 117 CHILLED BEAM SYSTEM MARKET IN ROW, BY REGION,
2020–2025 (USD MILLION) 135
10.5.1 MIDDLE EAST & AFRICA 136
10.5.1.1 Increasing focus on energy-efficient HVAC systems to drive market 136
10.5.2 SOUTH AMERICA 136
10.5.2.1 Development in commercial sector to contribute to market growth 136

11 COMPETITIVE LANDSCAPE 137
11.1 INTRODUCTION 137
11.2 TOP 5 COMPANY REVENUE ANALYSIS 137
FIGURE 43 CHILLED BEAM SYSTEM MARKET: REVENUE ANALYSIS (2019) 137
11.3 MARKET SHARE ANALYSIS, 2019 138
TABLE 118 CHILLED BEAM SYSTEM MARKET: MARKET SHARE ANALYSIS (2019) 138
11.4 COMPANY EVALUATION MATRIX 139
11.4.1 STAR 139
11.4.2 PERVASIVE 139
11.4.3 EMERGING LEADER 139
11.4.4 PARTICIPANT 139
FIGURE 44 CHILLED BEAM SYSTEM MARKET COMPANY EVALUATION MATRIX, 2019 140
11.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2019 141
11.5.1 PROGRESSIVE COMPANIES 141
11.5.2 RESPONSIVE COMPANIES 141
11.5.3 DYNAMIC COMPANIES 141
11.5.4 STARTING BLOCKS 141
FIGURE 45 CHILLED BEAM SYSTEM MARKET, SME EVALUATION QUADRANT, 2019 142
11.6 CHILLED BEAM SYSTEM MARKET: PRODUCT FOOTPRINT 143
TABLE 119 PRODUCT FOOTPRINT OF COMPANIES 143
TABLE 120 APPLICATION FOOTPRINT OF COMPANIES 143
TABLE 121 REGIONAL FOOTPRINT OF COMPANIES 144
11.7 COMPETITIVE SITUATIONS AND TRENDS 145
TABLE 122 CHILLED BEAM SYSTEM MARKET: PRODUCT LAUNCHES 145
TABLE 123 CHILLED BEAM SYSTEM MARKET: DEALS 145
TABLE 124 CHILLED BEAM SYSTEM MARKET: OTHER RECENT DEVELOPMENTS 147

12 COMPANY PROFILES 148
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 148
12.1.1 HALTON GROUP 148
TABLE 125 HALTON GROUP: BUSINESS OVERVIEW 148
12.1.2 LINDAB 151
FIGURE 46 LINDAB: COMPANY SNAPSHOT 151
12.1.3 SWEGON GROUP AB 154
TABLE 126 SWEGON GROUP AB: BUSINESS OVERVIEW 154
12.1.4 CLIMATE TECHNOLOGIES 157
TABLE 127 CLIMATE TECHNOLOGIES: BUSINESS OVERVIEW 157
12.1.5 FL?KTGROUP HOLDING GMBH 159
TABLE 128 FL?KTGROUP HOLDING GMBH: BUSINESS OVERVIEW 159
12.1.6 FTF GROUP (FRENGER SYSTEMS) 162
TABLE 129 FTF GROUP: BUSINESS OVERVIEW 162
12.1.7 PRICE INDUSTRIES 164
TABLE 130 PRICE INDUSTRIES: BUSINESS OVERVIEW 164
12.1.8 SYSTEMAIR AB 165
FIGURE 47 SYSTEMAIR AB: COMPANY SNAPSHOT 165
12.1.9 TROX GMBH 167
TABLE 131 TROX GMBH BUSINESS OVERVIEW 167
12.1.10 JOHNSON CONTROLS INTERNATIONAL PLC 169
FIGURE 48 JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT 169
12.2 OTHER PLAYERS 171
12.2.1 TITUS 171
12.2.2 KRANTZ LIMITED 171
12.2.3 KIEFER KLIMATECHNIK GMBH 172
12.2.4 BARCOL-AIR GROUP AG 172
12.2.5 EB AIR CONTROL INC. 172
12.2.6 TWA PANEL SYSTEMS, INC. 173
12.2.7 CARRIER 173
12.2.8 AIRFIXTURE, LLC 174
12.2.9 AIRVENT 174
12.2.10 NUCLIMATE AIR QUALITY SYSTEMS, INC. 174
12.2.11 MADEL AIR TECHNICAL DIFFUSION 175
12.2.12 GRADA INTERNATIONAL INC. 175
12.2.13 SOLID AIR INTERNATIONAL 175
12.2.14 ROCCHEGGIANI SPA 176
12.2.15 CAVERION CORPORATION 176
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT & RELATED REPORTS 177
13.1 INTRODUCTION 177
13.2 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT 177
TABLE 132 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT,
2017–2025 (USD BILLION) 177
TABLE 133 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY APPLICATION,
2017–2025 (USD BILLION) 178
TABLE 134 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY REGION,
2017–2025 (USD BILLION) 178
13.2.1 UNITARY AIR CONDITIONERS 178
TABLE 135 COOLING EQUIPMENT MARKET FOR UNITARY AIR CONDITIONERS,
BY APPLICATION, 2017–2025 (USD BILLION) 179
TABLE 136 COOLING EQUIPMENT MARKET FOR UNITARY AIR CONDITIONERS,
BY REGION, 2017–2025 (USD BILLION) 179
?
13.2.2 VRF SYSTEMS 180
TABLE 137 COOLING EQUIPMENT MARKET FOR VRF SYSTEMS, BY APPLICATION,
2017–2025 (USD BILLION) 180
TABLE 138 COOLING EQUIPMENT MARKET FOR VRF SYSTEMS, BY REGION,
2017–2025 (USD BILLION) 180
13.2.3 CHILLERS 181
TABLE 139 COOLING EQUIPMENT MARKET FOR CHILLERS, BY APPLICATION,
2017–2025 (USD BILLION) 182
TABLE 140 COOLING EQUIPMENT MARKET FOR CHILLERS, BY REGION,
2017–2025 (USD BILLION) 182
13.2.4 ROOM AIR CONDITIONERS 182
TABLE 141 COOLING EQUIPMENT MARKET FOR ROOM AIR CONDITIONERS,
BY APPLICATION, 2017–2025 (USD BILLION) 183
TABLE 142 COOLING EQUIPMENT MARKET FOR ROOM AIR CONDITIONERS, BY REGION, 2017–2025 (USD MILLION) 183
13.2.5 COOLERS 184
TABLE 143 COOLING EQUIPMENT MARKET FOR COOLERS, BY APPLICATION,
2017–2025 (USD MILLION) 184
TABLE 144 COOLING EQUIPMENT MARKET FOR COOLERS, BY REGION,
2017–2025 (USD MILLION) 184
13.2.6 COOLING TOWERS 185
TABLE 145 COOLING EQUIPMENT MARKET FOR COOLING TOWERS, BY APPLICATION, 2017–2025 (USD MILLION) 186
TABLE 146 COOLING EQUIPMENT MARKET FOR COOLING TOWERS, BY REGION,
2017–2025 (USD MILLION) 186

14 APPENDIX 187
14.1 INSIGHTS OF INDUSTRY EXPERTS 187
14.2 DISCUSSION GUIDE 187
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 191
14.4 AVAILABLE CUSTOMIZATIONS 193
14.5 RELATED REPORTS 193
14.6 AUTHOR DETAILS 194