The European Cooling Ceilings and Chilled Beams market has seen a minor decline in value, decreasing by -1.3% from €606.5 million in 2023 to €600.3 million in 2024. Despite this dip, forecasts remain optimistic, with a compound annual growth rate (CAGR) of 4.6% projected until 2027, which is expected to bring the market value to approximately €700.1 million.

The recent market decline is largely attributed to the underperformance of the construction industry and the lack of substantial public support for building renovations. These factors have negatively impacted sales, as new building construction—which constitutes 69.4% of the market for these products in 2023—has seen a significant downturn.

Among the seven key markets analyzed—France, Germany, Belgium, Denmark, the Netherlands, Poland, and the United Kingdom—France and Germany continue to dominate in terms of market share. Metal remains the preferred material, accounting for 49.7% of total sales, follow by Gypsum with a 26.3% in 2023.

The office sector remains the segment with the highest sales volume, in Cooling Ceilings capturing 52.5% (€267.7 mio) of the market in 2023, and Chilled Beams a 60.7% (€54.9 mio) share of Office segment.

Despite the sales drop in 2023 and the anticipated trend for 2024, the industry remains hopeful. The adoption of these products across Europe is gaining momentum, supported by effective marketing campaigns that are already showing positive outcomes. Additionally, the growing awareness in Europe about sustainable solutions is driving market growth. Improved material composition promises cost reduction and ease of installation, factors expected to significantly contribute to market expansion in the coming years.

Our research indicates that in the European market in 2023 and 2024, the top five manufacturers—Barcol Air, Linder, Swegon, Flaktgroup, and Zehnder—continue to dominate. These companies, alongside national competitors, collectively hold an average market share of 40% across Europe in value.

The European Cooling Ceilings and Chilled Beams market, while experiencing a recent decline, is on a trajectory for growth. The combination of strategic marketing, heightened sustainability awareness, and advancements in material technology positions the market for a robust recovery and expansion in the coming years.

05/07/2024

Copyright: Interconnection, Publication free of charge for coverage regarding the study and InterConnection Consulting.