Market Overview:
The global fan coil valve market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about energy conservation measures. Additionally, the growing construction industry is also expected to drive the demand for fan coil valves in the coming years. The global fan coil valve market can be segmented on the basis of type into 2-way and 3-way valves. The 2-way valve segment is projected to account for a larger share of the market duringthe forecast period, owingto its low cost and easy installation.
Product Definition:
A fan coil valve is a type of valve that controls the flow of fluid through a fan coil unit.
Fan Coil Valves are important because they allow you to control the amount of air flowing through your unit, which in turn affects the temperature.
2-Way:
*** The 2-WAY FAN COIL VALVE is a two way control device used to regulate the flow of air in both directions. It can be closed when hot air rises and open when cold air sinks. This valve is mainly used for exhausts but also finds its use in various other applications such as heating ventilation and Air Conditioning (HVAC).
3-Way:
3-way is a valve that can open, close and regulate the flow of fluid in three different directions. It’s used to control the pressure loss due to backflow in ductwork or pipeline. 3-way valves are available with built-in safety features such as overpressure protection, automatic temperature & pressure relief and limiting flow rate so that it can act as an ideal solution for controlling heating ventilation and air conditioning (HVAC) systems.
Application Insights:
The commercial buildings segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. This can be attributed to a high demand from various commercial building applications, such as offices, hotels, restaurants and shopping malls. The residential application segment is expected to witness considerable growth over the forecast period owing to rising construction of new houses across various regions. Fan coil valves are used in several water management systems including hydronic heating & cooling as well as sanitary hot water generation & distribution systems. These valves are also used in pool heaters, spa heaters and decorative fountain pumps among others.
The stores segment is projected to exhibit significant growth during the forecast period on account of increasing retail shopping complexes at global level due largely without doubt particularly China which has been growing its retail sector at an alarming rate with more than 5 million sq ft added every year since 2013 (Shangai Retail Park).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This can be attributed to increasing number of commercial buildings, offices spaces, and hotels in countries such as U.S., Canada, and Mexico.
Asia Pacific is expected to expand at a significant CAGR from 2018 to 2030 owing to rapid urbanization resulting in increased construction activities across developing countries such as China and India are anticipated boost product demand during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient fan coil valves from the construction and HVAC industries
- Rising popularity of variable refrigerant flow (VRF) systems, which require fan coil valves for proper functioning
- Growing demand for smart buildings, which need efficient and intelligent control systems that include fan coil valves
- Proliferation of Internet of Things (IoT) technologies, providing opportunities for more advanced and automated control of fan coils through connected devices
- Increasing awareness about the benefits of using fan coil valves among facility managers and building owners
Scope Of The Report
Report Attributes
Report Details
Report Title
Fan Coil Valve Market Research Report
By Type
2-Way, 3-Way
By Application
Offices, Hotels, Restaurants, Department Stores, Residential, Commercial Buildings, Stores, Hospitals, Others
By Companies
Marflow, Crane Co., FlowCon International, Sonkor, Sagiv, Watts Water Technologies, Siemens, NAFFCO, Belimo, Danfoss, Honeywell, Trane
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Fan Coil Valve Market Report Segments:
The global Fan Coil Valve market is segmented on the basis of:
Types
2-Way, 3-Way
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offices, Hotels, Restaurants, Department Stores, Residential, Commercial Buildings, Stores, Hospitals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Marflow
- Crane Co.
- FlowCon International
- Sonkor
- Sagiv
- Watts Water Technologies
- Siemens
- NAFFCO
- Belimo
- Danfoss
- Honeywell
- Trane
Highlights of The Fan Coil Valve Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2-Way
- 3-Way
- By Application:
- Offices
- Hotels
- Restaurants
- Department Stores
- Residential
- Commercial Buildings
- Stores
- Hospitals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fan Coil Valve Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fan coil valve is a type of valve that uses the principles of electromagnetism to control the flow of air or gas. The fan coil valve consists of a number of windings around a central core, and these windings are connected in series. When current is passed through the windings, they create an electromagnetic field that can be used to open and close the valve.
Some of the key players operating in the fan coil valve market are Marflow, Crane Co., FlowCon International, Sonkor, Sagiv, Watts Water Technologies, Siemens, NAFFCO, Belimo, Danfoss, Honeywell, Trane.
The fan coil valve market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fan Coil Valve Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fan Coil Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fan Coil Valve Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fan Coil Valve Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fan Coil Valve Market Size & Forecast, 2020-2028
4.5.1 Fan Coil Valve Market Size and Y-o-Y Growth
4.5.2 Fan Coil Valve Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2-Way
5.2.2 3-Way
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Offices
6.2.2 Hotels
6.2.3 Restaurants
6.2.4 Department Stores
6.2.5 Residential
6.2.6 Commercial Buildings
6.2.7 Stores
6.2.8 Hospitals
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fan Coil Valve Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fan Coil Valve Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2-Way
9.6.2 3-Way
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Offices
9.10.2 Hotels
9.10.3 Restaurants
9.10.4 Department Stores
9.10.5 Residential
9.10.6 Commercial Buildings
9.10.7 Stores
9.10.8 Hospitals
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2-Way
10.6.2 3-Way
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Offices
10.10.2 Hotels
10.10.3 Restaurants
10.10.4 Department Stores
10.10.5 Residential
10.10.6 Commercial Buildings
10.10.7 Stores
10.10.8 Hospitals
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2-Way
11.6.2 3-Way
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Offices
11.10.2 Hotels
11.10.3 Restaurants
11.10.4 Department Stores
11.10.5 Residential
11.10.6 Commercial Buildings
11.10.7 Stores
11.10.8 Hospitals
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2-Way
12.6.2 3-Way
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Offices
12.10.2 Hotels
12.10.3 Restaurants
12.10.4 Department Stores
12.10.5 Residential
12.10.6 Commercial Buildings
12.10.7 Stores
12.10.8 Hospitals
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2-Way
13.6.2 3-Way
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Offices
13.10.2 Hotels
13.10.3 Restaurants
13.10.4 Department Stores
13.10.5 Residential
13.10.6 Commercial Buildings
13.10.7 Stores
13.10.8 Hospitals
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fan Coil Valve Market: Competitive Dashboard
14.2 Global Fan Coil Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marflow
14.3.2 Crane Co.
14.3.3 FlowCon International
14.3.4 Sonkor
14.3.5 Sagiv
14.3.6 Watts Water Technologies
14.3.7 Siemens
14.3.8 NAFFCO
14.3.9 Belimo
14.3.10 Danfoss
14.3.11 Honeywell
14.3.12 Trane
