June 3, 2015: Chilled Beam System Market Worth $406.8 Million by 2020
Commercial Offices Sector Is Largest Application and Is Expected to Continue to Grow at a Significant Rate
DALLAS — The global chilled beam system market, valued at $218.1 million in 2014, is forecast to grow at a compound annual growth rate (CAGR) of 11.14 percent between 2015 and 2020, reaching $406.8 million by 2020, according to a new market research report published by MarketsandMarkets.
The commercial offices sector constituted the largest application area for chilled beam systems in 2014 and is expected to continue to grow at a significant rate because of increasing implementation in the commercial offices segment across the globe. Educational institutions, health care facilities, and hotels are the next major application areas and are also expected to grow at a considerable rate.