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Fan Coil Unit Market Share

Report ID: GMI11233
Published Date: Sep 2024
Report Format: PDF

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Fan Coil Unit Market Share

The fan coil unit industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 10%-15% of the total market. Regional companies often leverage their local knowledge and expertise to cater to specific market needs and regulatory requirements. They frequently offer customized solutions tailored to local preferences and building standards. Global companies benefit from economies of scale, extensive distribution networks, and strong brand recognition.

Fan Coil Unit Market Companies

Major players operating in the fan coil unit industry are:

Daikin Industries, Ltd.
Carrier Global Corporation
Trane Technologies plc
Johnson Controls International plc
Mitsubishi Electric Corporation
LG Electronics Inc.
Fujitsu General Limited
Samsung Electronics Co., Ltd.
Honeywell International Inc.
Aermec S.p.A.
Dunham-Bush
Gree Electric Appliances Inc.
TROX GmbH
Lennox International Inc.
Emerson Electric Co.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of fan coil unit was worth over USD 4.69 billion in 2023 and will grow at a 4.9% CAGR between 2024 and 2032, driven by increasing demand for energy-efficient HVAC systems and rising awareness of indoor air quality.

The four pipe fan coil units (FCU) market achieved USD 2.9 billion in 2023, primarily due to their versatility and superior performance in managing both heating and cooling simultaneously.

Asia Pacific fan coil unit industry will witness 5.2% CAGR through 2032, propelled by rapid urbanization, industrialization, and a growing focus on modernizing HVAC systems in the region.

Some of the prominent fan coil unit industry players are Daikin Industries, Ltd., Carrier Global Corporation, Trane Technologies plc, Johnson Controls International plc, Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu General Limited, Samsung Electronics Co., Ltd., Honeywell International Inc., Aermec S.p.A., Dunham-Bush, Gree Electric Appliances Inc., TROX GmbH, Lennox International Inc., and Emerson Electric Co., among others.