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Horizontal Fan Coil Market Size, Growth

Global Horizontal Fan Coil Market: Overview

A fan coil unit (FCU) is a device that comprises a fan and a heat exchanger (coil) and aids in the air circulation of a small space. It is an integral component of an HVAC System, which is generally installed in commercial, residential, and industrial buildings. It is connected to the system’s thermostat and helps regulate the temperature of the surrounding area. A horizontal fan coil, also known as ceiling-mounted fan coil, is one of the most widely known configurations of the FCU. Apart from various residential, commercial, and industrial spaces, the device finds application in closets, laundry rooms, or in the large access panels in ceilings. Heating or cooling of the indoor air is the primary function of the device. It is highly flexible, easy to install, and more cost-efficient than most central heating systems, ventilation systems, or ducted fresh air systems (VAVs). Some leading manufacturers like York and Johnson Controls have been introducing a wide array of designs and options for high-performance horizontal fan coils. These devices offer optimal performance and supreme flexibility, which help them fit into any HVAC systems.

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Global Horizontal Fan Coil Market: Dynamics

The global horizontal fan coil market has registered a tremendous revenue growth rate over the last few years. Revenue generated from the market is expected to increase considerably over the forecast period, owing to various favorable growth parameters. Increasing applications of horizontal fan coils across industrial units, residential structures, and commercial spaces like shopping malls, hospitals, corporate buildings, etc. is one of the primary factors driving the global horizontal fan coil market growth. The global market growth is further attributed to the rising demand for air conditioning and ventilation systems across the residential and hospitality sectors, the growing real estate sector, growing establishment of data centers worldwide, and increasing concerns over global warming and the earth’s temperature control. Hence, rising environmental issues, such as humidity and escalating temperatures; growing air pollution levels; and surging installation of air conditioners, especially in urban areas that brim with enclosed spaces and improper ventilation have further boosted the market growth.

Global Horizontal Fan Coil Market: Regional Overview

Based on region, North America accounts for the highest revenue share in the global horizontal fan coil market. Market growth in this region is supported by the increasing sales of advanced and energy-efficient heating and cooling systems, boom in the commercial sector, expanding residential spaces, and rising focus of federal organizations like the U.S. Climate Alliance on reducing greenhouse gas emissions. The Asia Pacific horizontal fan coil market, led by China, is expected to display the highest revenue growth rate in the upcoming years, owing to the region’s flourishing industrial sector, rapid urbanization, increasing technological advancements in HVAC systems, easy availability of raw materials.

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Global Horizontal Fan Coil Market: Competitive Landscape

Carrier
Johnson Controls
Daikin
York
Airtherm
IEC
Williams
Zehnder
Trane
COIL Company

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Regions Covered

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Report Highlights

An in-depth industry analysis
A holistic overview of the changing market dynamics
Primary focus on the regional market landscape
Assessment of the revenue share generated by each market region
Detailed study of the historical, current, and estimated market sizes
Emphasis on the industry’s highly competitive landscape and the key industry trends and developments
Leading market players’ business growth strategies and products offered
Well-defined segmentation of the market