Market Overview:
The global wall fan coil units 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 cooling solutions, especially in commercial and industrial buildings. Additionally, the growing awareness about health and hygiene among consumers is also driving the demand for wall fan coil units across different regions. The global wall fan coil units market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into outfit and installation types. Outfit typewall fan coils are those that come pre-assembled with all components included such as fans, motors, coils etc., while installation typewall fan coils require assembly by a contractor or technician after being delivered to site. On the basis of application, it can be classified into residential building (single family homes/multi-family apartments), commercial building (offices/retail stores/hospitality sector), and industrial building (manufacturing plants/warehouses).
Product Definition:
A wall fan coil unit is a type of HVAC system that is used to cool or heat a room. These systems are typically installed in walls or ceilings and consist of a fan and coil unit that is connected to ductwork. Wall fan coil units are important because they can provide cooling or heating for a room without taking up floor space.
Outfit:
Outfit is the new term used for describing the complete set of equipment or tools required to carry out a particular task. It includes clothing, footwear, gloves, and other accessories that are necessary to perform a specific activity. The Outfit concept has been around for ages but it's only recently started gaining traction in the market as an important differentiating factor among consumer electronics products.
The growth of online retailing has led to increased competition among suppliers resulting in lower profit margins.
Installation:
The installation of the wall fan coil units is done by professionals and it's not a DIY project. The equipment that is used in this process varies according to the area of construction, type of construction, and other factors. The most common types are drywall installations, concrete installations (in places like basements), steel beam or post-installation (in wood studded walls).
Application Insights:
The commercial building application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growing construction industry across major economies such as U.S., China, India and Brazil is anticipated to boost product demand in this segment. In addition, rapid industrialization has resulted in an increased number of commercial buildings across countries such as China, India and Bangladesh which will further propel market growth during the forecast period.
The residential building application segment was valued at USD 1,252 million in 2017 owing to increasing consumer spending on home improvement activities including replacing old or worn out air conditioners with new wall fan coil units that are more energy efficient and provide better cooling performance than conventional central air conditioners or window ACs do.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rapid urbanization and increasing disposable income of consumers in developing countries, such as China and India. Moreover, rising number of commercial constructions in countries like China owing to expanding industrial sector will drive the demand further. Europe is also estimated to witness significant growth over the next eight years due to high consumer awareness regarding benefits of these products coupled with favorable government initiatives for energy efficiency improvement in commercial spaces.
The product demand is anticipated rise significantly across Middle East & Africa region due its large population along with rapidly expanding residential sector mainly driven by government sponsored housing schemes aimed at reducing unemployment rates especially among youth which has resulted into increased construction activities across major cities including Dubai.
Growth Factors:
- Increasing demand for energy-efficient cooling systems in commercial and residential buildings
- Growing popularity of ductless mini-split systems
- Rising awareness about the benefits of wall fan coil units over traditional air conditioning systems
- Proliferation of smart building technologies that can optimize cooling operations
- Emerging markets in Asia Pacific and Latin America presenting opportunities for growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Wall Fan Coil Units Market Research Report
By Type
Outfit, Installation
By Application
Residential Building, Commercial Building, Industrial Building
By Companies
Carrier, Johnson Controls, Daikin, Trane, IEC, Williams, Zehnder
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Wall Fan Coil Units Market Report Segments:
The global Wall Fan Coil Units market is segmented on the basis of:
Types
Outfit, Installation
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
Residential Building, Commercial Building, Industrial Building
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:
- Carrier
- Johnson Controls
- Daikin
- Trane
- IEC
- Williams
- Zehnder
Highlights of The Wall Fan Coil Units 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:
- Outfit
- Installation
- By Application:
- Residential Building
- Commercial Building
- Industrial Building
- 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 Wall Fan Coil Units 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?
Wall fan coil units are a type of air conditioner that uses coils to cool the room. They are often less expensive than other types of air conditioners and can be installed in smaller rooms.
Some of the key players operating in the wall fan coil units market are Carrier, Johnson Controls, Daikin, Trane, IEC, Williams, Zehnder.
The wall fan coil units market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wall Fan Coil Units Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wall Fan Coil Units Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wall Fan Coil Units Market - Supply Chain
4.5. Global Wall Fan Coil Units Market Forecast
4.5.1. Wall Fan Coil Units Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wall Fan Coil Units Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wall Fan Coil Units Market Absolute $ Opportunity
5. Global Wall Fan Coil Units Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wall Fan Coil Units Market Size and Volume Forecast by Type
5.3.1. Outfit
5.3.2. Installation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wall Fan Coil Units Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wall Fan Coil Units Market Size and Volume Forecast by Application
6.3.1. Residential Building
6.3.2. Commercial Building
6.3.3. Industrial Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wall Fan Coil Units Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wall Fan Coil Units Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wall Fan Coil Units Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wall Fan Coil Units Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wall Fan Coil Units Demand Share Forecast, 2019-2026
9. North America Wall Fan Coil Units Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wall Fan Coil Units Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wall Fan Coil Units Market Size and Volume Forecast by Application
9.4.1. Residential Building
9.4.2. Commercial Building
9.4.3. Industrial Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wall Fan Coil Units Market Size and Volume Forecast by Type
9.7.1. Outfit
9.7.2. Installation
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wall Fan Coil Units Demand Share Forecast, 2019-2026
10. Latin America Wall Fan Coil Units Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wall Fan Coil Units Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wall Fan Coil Units Market Size and Volume Forecast by Application
10.4.1. Residential Building
10.4.2. Commercial Building
10.4.3. Industrial Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wall Fan Coil Units Market Size and Volume Forecast by Type
10.7.1. Outfit
10.7.2. Installation
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wall Fan Coil Units Demand Share Forecast, 2019-2026
11. Europe Wall Fan Coil Units Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wall Fan Coil Units Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wall Fan Coil Units Market Size and Volume Forecast by Application
11.4.1. Residential Building
11.4.2. Commercial Building
11.4.3. Industrial Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wall Fan Coil Units Market Size and Volume Forecast by Type
11.7.1. Outfit
11.7.2. Installation
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wall Fan Coil Units Demand Share, 2019-2026
12. Asia Pacific Wall Fan Coil Units Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wall Fan Coil Units Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wall Fan Coil Units Market Size and Volume Forecast by Application
12.4.1. Residential Building
12.4.2. Commercial Building
12.4.3. Industrial Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wall Fan Coil Units Market Size and Volume Forecast by Type
12.7.1. Outfit
12.7.2. Installation
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wall Fan Coil Units Demand Share, 2019-2026
13. Middle East & Africa Wall Fan Coil Units Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wall Fan Coil Units Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wall Fan Coil Units Market Size and Volume Forecast by Application
13.4.1. Residential Building
13.4.2. Commercial Building
13.4.3. Industrial Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wall Fan Coil Units Market Size and Volume Forecast by Type
13.7.1. Outfit
13.7.2. Installation
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wall Fan Coil Units Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wall Fan Coil Units Market: Market Share Analysis
14.2. Wall Fan Coil Units Distributors and Customers
14.3. Wall Fan Coil Units Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Carrier
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Daikin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Trane
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IEC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Williams
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zehnder
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
