info@strategicmarketresearch.com
26, Broadway, Suite 934, New York , 10004
us US: +1-315-636-4233    uk UK: +44-162-237-0614     in IN: +91-826-083-6500
Home » Equipment and Machinery » Fan Coil Unit Market Size, Share Report

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.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 29060218

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.

 

fan-coil-unit-market-infographics

 

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

Frequently Asked Question About This Report

.

Table of Contents

1.    FAN COIL UNIT (FCU) MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    FAN COIL UNIT (FCU) MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – FAN COIL UNIT (FCU) MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type and End Use Outlook Analysis
4.    HISTORIC TRENDS IN FAN COIL UNIT (FCU) MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA FAN COIL UNIT (FCU) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Fan Coil Unit (FCU) Historical Market ($MILLION), (2017 – 2023)
6.2. North America Fan Coil Unit (FCU) Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By  Type
6.3.1. Two-Pipe FCU
6.3.2. Four-Pipe FCU
6.4. North America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Configuration
6.4.1. Horizontal FCU
6.4.2. Vertical FCU
6.4.3. Cassette FCU
6.4.4. Wall-Mounted FCU
6.4.5. Ceiling-Mounted FCU
6.5. North America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. Residential
6.5.2. Commercial (Offices, Hotels, Retail)
6.5.3. Industrial
6.5.4. Healthcare
6.5.5. Education
6.6. North America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Capacity
6.6.1. Low Capacity (<2 kW)
6.6.2. Medium Capacity (2-5 kW)
6.6.3. High Capacity (>5 kW)
6.7. North America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA FAN COIL UNIT (FCU) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE FAN COIL UNIT (FCU) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Fan Coil Unit (FCU) Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Fan Coil Unit (FCU) Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Configuration
8.5. Europe Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Capacity
8.7. Europe Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC FAN COIL UNIT (FCU) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Fan Coil Unit (FCU) Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Fan Coil Unit (FCU) Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Configuration
9.5. APAC Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.6. APAC Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Capacity
9.7. APAC Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA FAN COIL UNIT (FCU) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Fan Coil Unit (FCU) Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Fan Coil Unit (FCU) Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Configuration
10.5. Latin America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.6. Latin America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Capacity
10.7. Latin America Fan Coil Unit (FCU) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Daikin Industries, Ltd.
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Carrier Corporation
11.3. Trane Technologies plc
11.4. Johnson Controls International plc
11.5. Mitsubishi Electric Corporation
11.6. LG Electronics Inc.
11.7. Toshiba Carrier Corporation
11.8. Swegon Group AB
11.9. OTHER MARKET PLAYERS