2024-04-23 06:37
The global Cold Chain Market was valued at US$ 276.32 billion in 2023 and
is projected to reach US$ 1,083.94 billion by 2031, growing at a CAGR
of 18.82% from 2024 to 2031. … Read More
Blog Directory > Marketing Blogs > Chilled Beam System Market - Major Revenue Gains are Expected by 2031 marketing Blog >
Chilled Beam System Market - Major Revenue Gains Are Expected By 2031 Blog
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Future Market Insights (FMI) in its recent market analysis, projects the global chilled beam systems market to reach US$ 308.5 Mn in 2021. With increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is anticipated to grow at a steady pace, exhibiting a 5.5% CAGR.
In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.
In addition, development of smart cities, healthcare facilities, and renovation of residential and commercial spaces are expected to propel market growth in emerging economies such as India, China, Mexico, and Brazil.
As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.
To Know More@
https://www.futuremarketinsights.com/reports/chilled-beam-system-market
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