Global Fan Coils Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Fan Coils market size was valued at US$ 2789 million in 2024 and is forecast to a readjusted size of USD 3683 million by 2031 with a CAGR of 4.1% during review period.

A Fan Coil is a simple device consisting of a heating and or cooling heat exchanger or "coil" and fan. It is part of an HVAC system found in residential, commercial, and industrial buildings. A fan coil unit is a diverse device sometimes using ductwork, and is used to control the temperature in the space where it is installed, or serve multiple spaces. It is controlled either by a manual on/off switch or by thermostat, this in turn controls the throughput of water to the heat exchanger using a control valve and/or the fan speed.

Global Fan Coils key players include Carrier, Johnson Controls, Gree, Daikin, Trane, etc. Global top five manufacturers hold a share about 60%. Asia-Pacific is the largest market, with a share about 50%, followed by North America, with a share about 25 percent. In terms of product, 1000-2000CFM is the largest segment, with a share about 50%. And in terms of application, the largest application is Commercial Application, followed by Residential Application, etc.

This report is a detailed and comprehensive analysis for global Fan Coils market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Fan Coils market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Fan Coils market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Fan Coils market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Fan Coils market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Fan Coils

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Fan Coils market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Carrier, Johnson Controls, Gree, Daikin, Trane, IEC, LG Electronics, Panasonic, Williams, Zehnder, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Fan Coils market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Below 1000CFM
1000-2000CFM
Above 2000CFM

Market segment by Application
Commercial Application
Residential Application
Others

Major players covered
Carrier
Johnson Controls
Gree
Daikin
Trane
IEC
LG Electronics
Panasonic
Williams
Zehnder
Airtherm
Coil Company

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Fan Coils product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Fan Coils, with price, sales quantity, revenue, and global market share of Fan Coils from 2020 to 2025.

Chapter 3, the Fan Coils competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Fan Coils breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Fan Coils market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Fan Coils.

Chapter 14 and 15, to describe Fan Coils sales channel, distributors, customers, research findings and conclusion.