Global Fan Coils Market Growth 2023-2029

Global Fan Coils Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Fan Coils Industry Forecast” looks at past sales and reviews total world Fan Coils sales in 2022, providing a comprehensive analysis by region and market sector of projected Fan Coils sales for 2023 through 2029. With Fan Coils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fan Coils industry.
This Insight Report provides a comprehensive analysis of the global Fan Coils landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fan Coils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fan Coils market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fan Coils and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fan Coils.
The global Fan Coils market size is projected to grow from US$ 2535.6 million in 2022 to US$ 3417.7 million in 2029; it is expected to grow at a CAGR of 3417.7 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Fan Coils market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Below 1000CFM
1000-2000CFM
Above 2000CFM
Segmentation by application
Commercial Application
Residential Application
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Carrier
Johnson Controls
Gree
Daikin
Trane
IEC
LG Electronics
Panasonic
Williams
Zehnder
Airtherm
Coil Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Fan Coils market?
What factors are driving Fan Coils market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Fan Coils market opportunities vary by end market size?
How does Fan Coils break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.