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Fan Coils-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Fan Coils market size is expected to reach US$ 3468.9 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Fan Coils in various end use industries. The expanding demands from the Commercial Application, Residential Application and Others,, are propelling Fan Coils market. Below 1000CFM, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1000-2000CFM segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Fan Coils, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Fan Coils market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Fan Coils market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fan Coils sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Fan Coils covered in this report include Carrier, Johnson Controls, Gree, Daikin, Trane, IEC, LG Electronics, Panasonic and Williams, etc.
The global Fan Coils market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier
Johnson Controls
Gree
Daikin
Trane
IEC
LG Electronics
Panasonic
Williams
Zehnder
Airtherm
Coil Company
Global Fan Coils market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Fan Coils market, Segment by Type:
Below 1000CFM
1000-2000CFM
Above 2000CFM
Global Fan Coils market, by Application
Commercial Application
Residential Application
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Fan Coils manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fan Coils in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Fan Coils market size is expected to reach US$ 3468.9 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Fan Coils in various end use industries. The expanding demands from the Commercial Application, Residential Application and Others,, are propelling Fan Coils market. Below 1000CFM, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1000-2000CFM segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Fan Coils, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Fan Coils market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Fan Coils market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fan Coils sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Fan Coils covered in this report include Carrier, Johnson Controls, Gree, Daikin, Trane, IEC, LG Electronics, Panasonic and Williams, etc.
The global Fan Coils market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier
Johnson Controls
Gree
Daikin
Trane
IEC
LG Electronics
Panasonic
Williams
Zehnder
Airtherm
Coil Company
Global Fan Coils market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Fan Coils market, Segment by Type:
Below 1000CFM
1000-2000CFM
Above 2000CFM
Global Fan Coils market, by Application
Commercial Application
Residential Application
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Fan Coils manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fan Coils in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Fan Coils Market Overview
1.1 Fan Coils Product Overview
1.2 Fan Coils Market Segment by Type
1.2.1 Below 1000CFM
1.2.2 1000-2000CFM
1.2.3 Above 2000CFM
1.3 Global Fan Coils Market Size by Type
1.3.1 Global Fan Coils Market Size Overview by Type (2018-2029)
1.3.2 Global Fan Coils Historic Market Size Review by Type (2018-2023)
1.3.3 Global Fan Coils Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Fan Coils Sales Breakdown by Type (2018-2023)
1.4.2 Europe Fan Coils Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Fan Coils Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Fan Coils Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Fan Coils Sales Breakdown by Type (2018-2023)
2 Global Fan Coils Market Competition by Company
2.1 Global Top Players by Fan Coils Sales (2018-2023)
2.2 Global Top Players by Fan Coils Revenue (2018-2023)
2.3 Global Top Players by Fan Coils Price (2018-2023)
2.4 Global Top Manufacturers Fan Coils Manufacturing Base Distribution, Sales Area, Product Type
2.5 Fan Coils Market Competitive Situation and Trends
2.5.1 Fan Coils Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Fan Coils Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Fan Coils as of 2022)
2.7 Date of Key Manufacturers Enter into Fan Coils Market
2.8 Key Manufacturers Fan Coils Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Fan Coils Status and Outlook by Region
3.1 Global Fan Coils Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Fan Coils Historic Market Size by Region
3.2.1 Global Fan Coils Sales in Volume by Region (2018-2023)
3.2.2 Global Fan Coils Sales in Value by Region (2018-2023)
3.2.3 Global Fan Coils Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Fan Coils Forecasted Market Size by Region
3.3.1 Global Fan Coils Sales in Volume by Region (2024-2029)
3.3.2 Global Fan Coils Sales in Value by Region (2024-2029)
3.3.3 Global Fan Coils Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Fan Coils by Application
4.1 Fan Coils Market Segment by Application
4.1.1 Commercial Application
4.1.2 Residential Application
4.1.3 Others
4.2 Global Fan Coils Market Size by Application
4.2.1 Global Fan Coils Market Size Overview by Application (2018-2029)
4.2.2 Global Fan Coils Historic Market Size Review by Application (2018-2023)
4.2.3 Global Fan Coils Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Fan Coils Sales Breakdown by Application (2018-2023)
4.3.2 Europe Fan Coils Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Fan Coils Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Fan Coils Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Fan Coils Sales Breakdown by Application (2018-2023)
5 North America Fan Coils by Country
5.1 North America Fan Coils Historic Market Size by Country
5.1.1 North America Fan Coils Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Fan Coils Sales in Volume by Country (2018-2023)
5.1.3 North America Fan Coils Sales in Value by Country (2018-2023)
5.2 North America Fan Coils Forecasted Market Size by Country
5.2.1 North America Fan Coils Sales in Volume by Country (2024-2029)
5.2.2 North America Fan Coils Sales in Value by Country (2024-2029)
6 Europe Fan Coils by Country
6.1 Europe Fan Coils Historic Market Size by Country
6.1.1 Europe Fan Coils Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Fan Coils Sales in Volume by Country (2018-2023)
6.1.3 Europe Fan Coils Sales in Value by Country (2018-2023)
6.2 Europe Fan Coils Forecasted Market Size by Country
6.2.1 Europe Fan Coils Sales in Volume by Country (2024-2029)
6.2.2 Europe Fan Coils Sales in Value by Country (2024-2029)
7 Asia-Pacific Fan Coils by Region
7.1 Asia-Pacific Fan Coils Historic Market Size by Region
7.1.1 Asia-Pacific Fan Coils Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Fan Coils Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Fan Coils Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Fan Coils Forecasted Market Size by Region
7.2.1 Asia-Pacific Fan Coils Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Fan Coils Sales in Value by Region (2024-2029)
8 Latin America Fan Coils by Country
8.1 Latin America Fan Coils Historic Market Size by Country
8.1.1 Latin America Fan Coils Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Fan Coils Sales in Volume by Country (2018-2023)
8.1.3 Latin America Fan Coils Sales in Value by Country (2018-2023)
8.2 Latin America Fan Coils Forecasted Market Size by Country
8.2.1 Latin America Fan Coils Sales in Volume by Country (2024-2029)
8.2.2 Latin America Fan Coils Sales in Value by Country (2024-2029)
9 Middle East and Africa Fan Coils by Country
9.1 Middle East and Africa Fan Coils Historic Market Size by Country
9.1.1 Middle East and Africa Fan Coils Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Fan Coils Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Fan Coils Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Fan Coils Forecasted Market Size by Country
9.2.1 Middle East and Africa Fan Coils Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Fan Coils Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Carrier
10.1.1 Carrier Company Information
10.1.2 Carrier Introduction and Business Overview
10.1.3 Carrier Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Carrier Fan Coils Products Offered
10.1.5 Carrier Recent Development
10.2 Johnson Controls
10.2.1 Johnson Controls Company Information
10.2.2 Johnson Controls Introduction and Business Overview
10.2.3 Johnson Controls Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Johnson Controls Fan Coils Products Offered
10.2.5 Johnson Controls Recent Development
10.3 Gree
10.3.1 Gree Company Information
10.3.2 Gree Introduction and Business Overview
10.3.3 Gree Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Gree Fan Coils Products Offered
10.3.5 Gree Recent Development
10.4 Daikin
10.4.1 Daikin Company Information
10.4.2 Daikin Introduction and Business Overview
10.4.3 Daikin Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Daikin Fan Coils Products Offered
10.4.5 Daikin Recent Development
10.5 Trane
10.5.1 Trane Company Information
10.5.2 Trane Introduction and Business Overview
10.5.3 Trane Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Trane Fan Coils Products Offered
10.5.5 Trane Recent Development
10.6 IEC
10.6.1 IEC Company Information
10.6.2 IEC Introduction and Business Overview
10.6.3 IEC Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.6.4 IEC Fan Coils Products Offered
10.6.5 IEC Recent Development
10.7 LG Electronics
10.7.1 LG Electronics Company Information
10.7.2 LG Electronics Introduction and Business Overview
10.7.3 LG Electronics Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.7.4 LG Electronics Fan Coils Products Offered
10.7.5 LG Electronics Recent Development
10.8 Panasonic
10.8.1 Panasonic Company Information
10.8.2 Panasonic Introduction and Business Overview
10.8.3 Panasonic Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Panasonic Fan Coils Products Offered
10.8.5 Panasonic Recent Development
10.9 Williams
10.9.1 Williams Company Information
10.9.2 Williams Introduction and Business Overview
10.9.3 Williams Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Williams Fan Coils Products Offered
10.9.5 Williams Recent Development
10.10 Zehnder
10.10.1 Zehnder Company Information
10.10.2 Zehnder Introduction and Business Overview
10.10.3 Zehnder Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zehnder Fan Coils Products Offered
10.10.5 Zehnder Recent Development
10.11 Airtherm
10.11.1 Airtherm Company Information
10.11.2 Airtherm Introduction and Business Overview
10.11.3 Airtherm Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Airtherm Fan Coils Products Offered
10.11.5 Airtherm Recent Development
10.12 Coil Company
10.12.1 Coil Company Company Information
10.12.2 Coil Company Introduction and Business Overview
10.12.3 Coil Company Fan Coils Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Coil Company Fan Coils Products Offered
10.12.5 Coil Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Fan Coils Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Fan Coils Industrial Chain Analysis
11.4 Fan Coils Market Dynamics
11.4.1 Fan Coils Industry Trends
11.4.2 Fan Coils Market Drivers
11.4.3 Fan Coils Market Challenges
11.4.4 Fan Coils Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Fan Coils Distributors
12.3 Fan Coils Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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