Fan Coil Unit Market By Type (Two-Pipe FCU, Four-Pipe FCU); By Configuration (Horizontal FCU, Vertical FCU, Cassette FCU, Wall-Mounted FCU, Ceiling-Mounted FCU); By Application (Residential, Commercial (Offices, Hotels, Retail), Industrial, Healthcare, Education); By Capacity (Low Capacity (<2 kW), Medium Capacity (2-5 kW), High Capacity (>5 kW)); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The fan coil unit market in 2023 was worth USD 5.7 billion and is expected to be worth USD 9.61 billion by 2030, expanding at a CAGR of 6.75% during the forecast period.

 

A fan coil unit (FCU) is an HVAC system that employs a fan together with a coil to control either heating or cooling of rooms or spaces of a building.

 

The global fan coil unit market is primarily influenced by the rising call for energy-efficient HVAC systems in residential applications, offices, and factories. The construction industry, particularly around the world, is projected to reach more than $15 trillion within the year 2025; therefore, demand for efficient solutions for temperature control has risen. FCUs are preferred widely due to their flexibility, their even cost aspect, and the potential to support and uphold indoor air quality. For instance, in the EU, the energy consumed by buildings is estimated to be about 40%. Therefore, some policies require energy-efficient systems. One of them is the addition of smart control features and variable speed fans into FCUs to manage and regulate comfort cooling with optimum efficiency and energy use, thereby supporting worldwide moves to cut down on carbon emissions and operations expenses.

 

One of the major opportunities in this particular market is the rising interest in implementing smart technologies in constructing new buildings and the modernization of older ones. Smart buildings are expected to make up $100bn by 2025, so there is an increasing need for HVAC systems to connect with the BMS to ensure more efficiency in the use of energy. For example, the refurbishment of old business structures, especially in developing cities like New York and London, shows that state-of-the-art FCUs with IoT control of climate have increased in popularity due to the inclusion of real-time control capabilities. New offerings are FCUs with sensors and connectivity; this improves maintenance and energy efficiency by up to 30% and will result in green building certifications for building owners.

 

 

Market Segmentation

Type:

• Two-Pipe FCU

• Four-Pipe FCU

 

Configuration:

• Horizontal FCU

• Vertical FCU

• Cassette FCU

• Wall-Mounted FCU

• Ceiling-Mounted FCU

 

Application:

• Residential

• Commercial (Offices, Hotels, Retail)

• Industrial

• Healthcare

• Education

 

Capacity:

• Low Capacity (<2 kW)

• Medium Capacity (2-5 kW)

• High Capacity (>5 kW)

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Currently, Europe takes the largest share in the global Fan Coil Unit (FCU) market due to high standards of energy-saving requirements and concern for energy-efficient building designs. In 2023, Europe remained the largest consumer of FCUs, with over 35% of the global market, followed by other countries such as Germany, the UK, and France. The EU guidelines on energy performance in buildings helped advance the application of energy efficient FCUs on new constructions as well as retrofitting applications. The latest improvement involves using smart FCUs with IoT controls and variable speed fans to further maximize efficiency in energy consumption and achieve regional sustainability objectives.

 

Key Players

• Daikin Industries, Ltd.

• Carrier Corporation

• Trane Technologies plc

• Johnson Controls International plc

• Mitsubishi Electric Corporation

• LG Electronics Inc.

• Toshiba Carrier Corporation

• Swegon Group AB

• Gree Electric Appliances Inc.

• Dunham-Bush Holding Bhd

 

Fan Coil Unit Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 5.7 billion
Revenue Forecast in 2030	USD 9.61 billion
Overall Growth Rate	CAGR of 6.75%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Type, By Configuration, By Application, By Capacity, By Region
By Type	Two-Pipe FCU, Four-Pipe FCU
By Configuration	Horizontal FCU, Vertical FCU, Cassette FCU, Wall-Mounted FCU, Ceiling-Mounted FCU
By Application	Residential, Commercial (Offices, Hotels, Retail), Industrial, Healthcare, Education
By Capacity	Low Capacity (<2 kW), Medium Capacity (2-5 kW), High Capacity (>5 kW)
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.