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Europe and South East Asia Fan Coil Unit Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Europe and South East Asia Fan Coil Unit Market- (By Configuration- Two Pipe FCU and Four Pipe FCU; By Model Type- Wall Mounted, Floor Standing and Ceiling Mounted; By Application- Commercial, Industrial and Residential; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 22-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422205
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

A fan coil unit (FCU) is a device that uses a coil and a fan to heat or cool a room without connecting to ductwork. Indoor air moves over the coil, which heats or cools the air before pushing it back out into the room.

Paradigm shift towards the adoption of green construction projects may lead to significant development and innovation in the market for fan coil units, which promote environmental benefits by reducing the level of energy consumption. 

Europe fan coil unit market valued US$ 1,110.5 Million in 2021 and is projected to reach US$ 1,536.2 Million by the year 2027.

The expected growth rate of the South East Asia (SEA) fan coil unit market is 6.8%, with an estimated value of US$ 127.4 Million by 2027. 

On the basis of application, the FCU market is segmented into commercial, industrial and residential. The commercial segment has been further segmented into hotels & restaurants, hospitals, office space, retail and others.

Rapid rise in urbanization and consumer spending for energy efficient products and growth in infrastructural development provides key opportunities in the Europe and SEA fan coil unit market. 

Italy holds the major share in terms of revenue in the Europe fan coil unit market in 2021 owing to stringent government regulations regarding energy consumption and also due to the increasing number of construction projects in the country.

The Europe and SEA fan coil unit market witnessed a sudden downfall in 2020. Comapnies had to stop their business production due to lockdown, lack of manpower and raw materials and stoppage in infrastructure development and buildings construction impact the sales of fan coil unit market. 

The major factor responsible for the growth of the market includes increase in demand for energy-efficient FCU models, rising adoption of HVAC system in residential and commercial buildings and increasing demand for low energy consumption products in real estate.

Chilled beam systems as an alternative for fan coil unit is a restraining factor which inhibits the growth of the market during the forecast period.

The wall mounted segment is anticipated to grow at the highest CAGR during the forecast period. 

Configuration, model type and application are the segments to invest in over the assessment period in the Europe & South East Asia (SEA) fan coil unit Market.

The key players operating in the market include Barcol-Air (UK) Ltd., Carrier Corporation, Daikin Europe N.V., Euroclima, Haier Group Corp., Hitachi, Ltd., Johnson Controls, Inc., Midea Group, Trane Europe, Trox Group, VENTILCLIMA (A Group S.p.A.) and Panasonic among others.