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Fan Coil Unit Market in Brief

  • The global fan coil unit market is expected to register a CAGR of 5.5% (Volume) between 2019 and 2027. The market is projected to be driven by growing demand for fan coil units in commercial buildings.
  • Not just offices, hotels, restaurants, and hospitals, but other end-users such as warehouse manufacturing, are also expected to boost the fan coil unit market in the near future.
  • The global fan coil unit market is expected to reach US$ 8,339.9 Mn by 2027 from US$ 6,101.6 Mn in 2019.
  • North America holds major share of the fan coil unit market in terms of volume and is anticipated to dominate the fan coil unit market during the forecast period, followed by Europe  
  • North America remains a prominent region in the fan coil unit market, with revenues in 2019 estimated at US$ 1,464.8 Mn.
  • The fan coil unit market in Middle East & Africa and South America is also expected to show moderate growth during the forecast period.
  • Asia Pacific is projected to expand significantly in terms of share in the global fan coil unit market during the forecast period. This is due to the stringent government regulations regarding energy consumption and rising number of commercial and residential projects. In addition, due to the growing number of construction projects, the requirement for HVAC systems in APAC countries is projected to rise considerably, which in turn is expected to boost the demand for fan coil units.

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Fan Coil Unit Market - Definition

  • The fan coil unit market report provides analysis of the global fan coil unit market for the period 2017 – 2027, wherein 2017 is the base year and 2019 to 2027 is the forecast period. Data for 2016 has been included as historical information.
  • The study on the fan coil unit market would help clients in understanding the adoption analysis of fan coil units among different industries.  
  • Fan coil unit is a device that consists of a heating coil, cooling coil, and fan. It is a part of the HVAC system, used as a distribution system to deliver the required amount of air based on the desired environmental condition and is primarily used in commercial, residential, and industrial buildings. A fan coil unit is typically employed in small spaces that require individual control.

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North America Fan Coil Unit Market – Snapshot

North America is a developed region and hence innovation and new technologies are expected to be trends witnessed in the region in the next few years. North America held a significant share of the global fan coil unit market in 2018. For the same reason, North America is expected to see highest opportunity addition in the fan coil unit market globally, with Europe and Asia Pacific being the next closest regions.

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Market Dynamics - Fan Coil Unit Market

Key Growth Drivers of the Fan Coil Unit Market

  • Increase in Demand for Energy-efficient FCU Models

Growing consumer awareness about energy-efficient models primarily fuels the growth of the fan coil units market. Energy efficiency is the major concern associated with the use of conventional HVAC systems. Commercial, residential, and industrial sectors utilize about one trillion kilowatt-hours of electricity annually. Consumers are looking for an energy-efficient model that would consume less energy and lower the electricity bill, as well as carbon emission.

Governments of different countries are imposing stringent regulations to protect the environment and to stabilize the greenhouse gas levels in the atmosphere. 83 signatories and 192 member countries have signed the Kyoto Protocol with willingness to protect the depleting ozone layer and implemented the regulations in their respective countries. Such regulations would directly boost the growth of HVAC equipment such as fan coil units, as conventional equipment which emit harmful gases similar to chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (HCFCs) need to be replaced with advanced energy efficient equipment.

  • Asia Pacific the Growing Region of the Global FCU Market

Demand for fan coil units is estimated to be high in Asia Pacific from 2019 to 2027. China, India, and Japan are the main countries of the market in the APAC region. The market in Asia Pacific is expanding rapidly due to rise in industrialization in various developing countries of the region, which is expected to drive the fan coil unit market. Besides, rising urbanization in China and India have led to strong demand for air conditioning systems in recent years. This in turn is expected to accelerate the growth of the fan coil unit market. Fan coil unit is a device that consists of heating coil, cooling coil, and fan which is part of the HVAC system and is primarily used in commercial, residential, and industrial buildings.

In addition, high demand for infrastructure across Asia Pacific, so as to maintain the air quality in commercial buildings to ensure a healthy environment for workers, is expected to drive the need for fan coil units in order to maintain proper ventilation and heating & cooling systems across buildings. Furthermore, rising concerns about air quality and increasing HVAC applications in the air conditioning sector, and heating projects is expected to enhance the demand for fan coil units in the Asia Pacific region.

Moreover, the large share of this region is due to the significant economic growth rate, followed by heavy investments across various sectors such as building & construction, data centers and warehouses, and hospitals. Additionally, initiatives taken by various governments for the inflow of foreign investments to support the domestic demand are also anticipated to drive the fan coil unit demand in this region.

Key Challenges Faced by Fan Coil Unit Market Players

  • Chilled beam systems as an alternative for energy efficiency is a major restraint to the fan coil unit market.  

Fan Coil Unit Market – Competitive Landscape

  • In October 2015, Johnson Controls and Hitachi Appliances, Inc., a subsidiary of Hitachi, Ltd., entered into a joint venture agreement to provide a complete range of world-class air-conditioning technology and products to customers worldwide.
  • In December 2018, Johnson Controls–Hitachi Air Conditioning launched a new WS-VRF heat pump to expand its air-conditioning products business across the globe.

Fan Coil Unit Market - Company Profile Snapshot

Daikin Industries, Ltd.

Established in 1924, Daikin Industries, Ltd. is a Japanese air conditioning manufacturing company headquartered in Osaka. The company has operations in Japan, China, Australia, Europe, the U.S., Southeast Asia, India, and Latin America.  The company has various business segments such as air conditioning, chemicals, air filtration, oil hydraulics, defense systems, and electronics business. Furthermore, it is focused on developing its fluorochemicals and air-conditioning business in over 150 countries across the world.

Carrier Corporation

Incorporated in 1915, Carrier is a leading global provider of innovative HVAC, refrigeration, fire, security, and building automation technologies. Carrier’s businesses enable modern life, delivering efficiency, safety, security, comfort, productivity, and sustainability across a wide range of residential, commercial, and industrial applications.

Carrier Corporation is the subsidiary of United Technologies Corporation, as it was acquired by United Technologies Corporation in 1979. In 2018, the company generated US$18.5 Bn in terms of revenue with over 54,400 employees in 170 countries in six continents.

Gree Electric Appliances, Inc.

Incorporated in 1991, Gree Electric Appliances, Inc. is engaged in manufacturing, assembling, and designing residential and commercial air conditioners, home appliances, high-end equipment, and communication equipment. The company offers its products across 160 countries in five regions.  The company offers high-tech, high quality products across the globe. Gree has nine production bases around the world, out of which 7 are located in China, and 2 in Brazil and Pakistan, with more than 70,000 employees.

Other major players operating in the global fan coil unit market and profiled in the report include

  • Barcol-Air UK Ltd
  • Crane Co.
  • Haier lnc.
  • Hitachi, Ltd.,
  • Johnson Controls, Inc.
  • LG Electronics Inc.
  • Midea Group
  • Mitsubishi Electric Corporation
  • Samsung Electronics Co., Ltd.
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Fan Coil Unit Market - Scope of the Report

A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global fan coil unit market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the fan coil unit market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the fan coil unit market will progress during the forecast period 2019-2027.

The report offers intricate dynamics about the different aspects of the fan coil unit market, which aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on the significant changes that are highly anticipated to configure the growth of the fan coil unit market, during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the fan coil unit market and estimate statistics  related to the market progress in terms of value (US$ Mn) and volume (Thousand Units).

The study covers a detailed segmentation of the fan coil unit market, along with key information and a competitive outlook. The report mentions the company profiles of key players currently dominating the fan coil unit market, wherein various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail. Furthermore, the report also mentions the import and export data of air conditioning machines of top countries (as fan coil is part of it), with industrial production index.

Key Questions Answered in TMR’s Report on the Fan Coil Unit Market

The report provides detailed information about the fan coil unit market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the fan coil unit market, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue out of the advantages of fan coil units?
  • What will be the Y-o-Y growth of the fan coil unit market between 2019 and 2027?
  • What are the winning imperatives of market frontrunners in the fan coil unit market?
  • Which end-user is expected to undertake maximum adoption of fan coil units during the forecast period?

Research Methodology – Fan Coil Unit Market

The research methodology adopted by analysts to compile the fan coil unit market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the fan coil unit market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the fan coil unit market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, and import and export data of major countries of the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the fan coil unit market.

Fan Coil Unit Market – Segmentation

TMR’s research study assesses the fan coil unit market on the basis of configuration, design type, orientation, end-users, and region. The report presents the extensive market dynamics associated with different segments, and how they influence the growth prospects of the fan coil unit market.


  • Two Pipe Fan Coil Unit (FCU)
  • Four Pipe Fan Coil Unit (FCU)

Design Type

  • Regular
  • Compact


  • Horizontal
  • Wall-Mounted
  • Ducted Blower Type
  • Ceiling Cassette Type
  • Ceiling Concealed Type
  • Vertical (Floor-Mounted)


  • Office Spaces
  • Hotels
  • Restaurants
  • Hospitals
  • Retail
  • Brand Outlets/Stores
  • Departmental Stores
  • Supermarkets
  • Logistics (Warehouse)
  • Others (Manufacturing)


  • North America
  • South America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East & Africa

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Fan Coil Unit Fcu Valve Market