Global Fan Coils Market Growth 2025-2031

The global Fan Coils market size is predicted to grow from US$ 2751 million in 2025 to US$ 3554 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Fan Coils Industry Forecast” looks at past sales and reviews total world Fan Coils sales in 2024, providing a comprehensive analysis by region and market sector of projected Fan Coils sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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