BURNABY, British Columbia, May 13, 2014 /PRNewswire/ --
Low power consumption and optimum space utilization contributing towards growth of chilled beams market
Chilled beams market in India is at its nascent stage compared to North American and European countries. Chilled beam offers highly efficient cooling solution based on natural process of heat transfer. India is expected to witness higher adoption of chilled beams on account of various benefits offered by them such as highly efficient operation, lower space requirement compared to conventional Air Handling Units, and absence of fan and motor that further reduce running cost while making the operation almost noise-free.
Chilled beams require less floor to floor height, thus resulting in construction of more number of floors in a building. Chilled beams also reduce the duct work, which significantly reduces the overall system cost. Further, chilled beam adoption significantly reduces the maintenance cost. Few of the target markets for chilled beams in India include educational institutions, health centers, commercial buildings, shopping complexes, residential apartments and multiplexes. Increasing commercial and construction activities in India are expected to spur the country's demand for chilled beams over the next five years. In India, the key opportunity lies in northern region, which is witnessing major commercial activities in the country. Also, with the emergence and adoption of green & smart building concept, along with increasing comfort level of occupants, the demand for chilled beam is forecast to increase over the next five years.
According to a recently published report by TechSci Research "India Chilled Beam Market Forecast & Opportunities, 2019", the Indian chilled beams market revenues are projected to grow at a CAGR of around 108.69% during 2012-19. TROX India Pvt. Ltd., Swegon Blue Box Pvt. Ltd. and Trane Inc. are few of the major chilled beam players targeting the Indian market.
"During the forecast period, demand for chilled beams is expected to be primarily driven by the growth of green buildings and IT & ITeS industry. In India, chilled beams are majorly getting deployed in IT companies, with major IT players such as Wipro, Accenture and Infosys having completed chilled beam installation in some of their campuses", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Chilled Beam Market Forecast & Opportunities, 2019" has analyzed the potential of the chilled beam market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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SOURCE TechSci Research