The global market for Fan Coils was estimated to be worth US$ 2813 million in 2024 and is forecast to a readjusted size of US$ 3736 million by 2031 with a CAGR of 4.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Fan Coils cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
A Fan Coil is a simple device consi.sting of a heating and or cooling heat exchanger or 'coil' and fan. It is part of an HVAC system found in residential, commercial, and industrial buildings. A fan coil unit is a diverse device sometimes using ductwork, and is used to control the temperature in the space where it is installed, or serve multiple spaces. It is controlled either by a manual on/off switch or by thermostat, this in turn controls the throughput of water to the heat exchanger using a control valve and/or the fan speed
The Fan Coils market has been experiencing steady growth, driven by the global demand for energy-efficient HVAC systems and the continued expansion of commercial and residential construction. Fan coil units are simple devices consisting of a fan and a heating or cooling coil, typically used to control the temperature in individual rooms or zones. They are widely adopted in buildings due to their cost-effectiveness, ease of installation, and zoning capabilities. As energy efficiency regulations become more stringent and end-users seek customizable climate control solutions, FCUs are becoming a preferred choice in new and retrofit HVAC installations across hotels, office buildings, hospitals, shopping malls, and high-rise apartments. One of the major factors propelling the market is the increasing emphasis on sustainable building technologies. Governments and organizations worldwide are promoting green building certifications like LEED and BREEAM, which encourage the adoption of high-efficiency HVAC solutions, including low-noise, low-energy fan coil units. Moreover, advancements in variable-speed motors, EC (electronically commutated) fans, and smart controls have improved the energy performance and automation capabilities of modern FCUs. These innovations not only reduce operational costs but also enhance occupant comfort and system responsiveness. The integration of FCUs with building management systems (BMS) and IoT platforms allows for remote monitoring, predictive maintenance, and better energy usage analytics, further fueling market adoption. Fan coil units come in several configurations, including horizontal ceiling-mounted, vertical floor-mounted, ducted, and cassette-type units, allowing flexibility in design and application. Their modularity makes them ideal for buildings where ductwork is limited or individualized temperature control is required. The demand for ductless and decentralized HVAC solutions is particularly rising in developing economies where cost and infrastructure constraints favor compact systems. In developed markets, the replacement and retrofitting of older HVAC systems with high-performance FCUs also contribute to market growth.
This report aims to provide a comprehensive presentation of the global market for Fan Coils, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Fan Coils by region & country, by Type, and by Application.
The Fan Coils market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fan Coils.
Market Segmentation
By Company
- Daikin
- Johnson Controls
- Carrier
- Ingersoll Rand
- Panasonic
- Gree
- Midea
- Bryant
- WILLAMS
- SABIANA
- AERMEC
- DIFFUSION
- Quartz
- HITACHI
- Tianjia
Segment by Type
- Below 1000CFM
- 1000-2000CFM
- Above 2000CFM
Segment by Fan Type
Segment by Application
- Commercial Application
- Residential Application
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Fan Coils manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Fan Coils in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Fan Coils in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Fan Coils Product Introduction
- 1.2 Global Fan Coils Market Size Forecast
- 1.2.1 Global Fan Coils Sales Value (2020-2031)
- 1.2.2 Global Fan Coils Sales Volume (2020-2031)
- 1.2.3 Global Fan Coils Sales Price (2020-2031)
- 1.3 Fan Coils Market Trends & Drivers
- 1.3.1 Fan Coils Industry Trends
- 1.3.2 Fan Coils Market Drivers & Opportunity
- 1.3.3 Fan Coils Market Challenges
- 1.3.4 Fan Coils Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Fan Coils Players Revenue Ranking (2024)
- 2.2 Global Fan Coils Revenue by Company (2020-2025)
- 2.3 Global Fan Coils Players Sales Volume Ranking (2024)
- 2.4 Global Fan Coils Sales Volume by Company Players (2020-2025)
- 2.5 Global Fan Coils Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Fan Coils Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Fan Coils Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Fan Coils
- 2.9 Fan Coils Market Competitive Analysis
- 2.9.1 Fan Coils Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Fan Coils Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Fan Coils as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Below 1000CFM
- 3.1.2 1000-2000CFM
- 3.1.3 Above 2000CFM
- 3.2 Global Fan Coils Sales Value by Type
- 3.2.1 Global Fan Coils Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Fan Coils Sales Value, by Type (2020-2031)
- 3.2.3 Global Fan Coils Sales Value, by Type (%) (2020-2031)
- 3.3 Global Fan Coils Sales Volume by Type
- 3.3.1 Global Fan Coils Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Fan Coils Sales Volume, by Type (2020-2031)
- 3.3.3 Global Fan Coils Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Fan Coils Average Price by Type (2020-2031)
4 Segmentation by Fan Type
- 4.1 Introduction by Fan Type
- 4.1.1 Direct Drive
- 4.1.2 Belt Drive
- 4.2 Global Fan Coils Sales Value by Fan Type
- 4.2.1 Global Fan Coils Sales Value by Fan Type (2020 VS 2024 VS 2031)
- 4.2.2 Global Fan Coils Sales Value, by Fan Type (2020-2031)
- 4.2.3 Global Fan Coils Sales Value, by Fan Type (%) (2020-2031)
- 4.3 Global Fan Coils Sales Volume by Fan Type
- 4.3.1 Global Fan Coils Sales Volume by Fan Type (2020 VS 2024 VS 2031)
- 4.3.2 Global Fan Coils Sales Volume, by Fan Type (2020-2031)
- 4.3.3 Global Fan Coils Sales Volume, by Fan Type (%) (2020-2031)
- 4.4 Global Fan Coils Average Price by Fan Type (2020-2031)
5 Segmentation by Application
- 5.1 Introduction by Application
- 5.1.1 Commercial Application
- 5.1.2 Residential Application
- 5.1.3 Others
- 5.2 Global Fan Coils Sales Value by Application
- 5.2.1 Global Fan Coils Sales Value by Application (2020 VS 2024 VS 2031)
- 5.2.2 Global Fan Coils Sales Value, by Application (2020-2031)
- 5.2.3 Global Fan Coils Sales Value, by Application (%) (2020-2031)
- 5.3 Global Fan Coils Sales Volume by Application
- 5.3.1 Global Fan Coils Sales Volume by Application (2020 VS 2024 VS 2031)
- 5.3.2 Global Fan Coils Sales Volume, by Application (2020-2031)
- 5.3.3 Global Fan Coils Sales Volume, by Application (%) (2020-2031)
- 5.4 Global Fan Coils Average Price by Application (2020-2031)
6 Segmentation by Region
- 6.1 Global Fan Coils Sales Value by Region
- 6.1.1 Global Fan Coils Sales Value by Region: 2020 VS 2024 VS 2031
- 6.1.2 Global Fan Coils Sales Value by Region (2020-2025)
- 6.1.3 Global Fan Coils Sales Value by Region (2026-2031)
- 6.1.4 Global Fan Coils Sales Value by Region (%), (2020-2031)
- 6.2 Global Fan Coils Sales Volume by Region
- 6.2.1 Global Fan Coils Sales Volume by Region: 2020 VS 2024 VS 2031
- 6.2.2 Global Fan Coils Sales Volume by Region (2020-2025)
- 6.2.3 Global Fan Coils Sales Volume by Region (2026-2031)
- 6.2.4 Global Fan Coils Sales Volume by Region (%), (2020-2031)
- 6.3 Global Fan Coils Average Price by Region (2020-2031)
- 6.4 North America
- 6.4.1 North America Fan Coils Sales Value, 2020-2031
- 6.4.2 North America Fan Coils Sales Value by Country (%), 2024 VS 2031
- 6.5 Europe
- 6.5.1 Europe Fan Coils Sales Value, 2020-2031
- 6.5.2 Europe Fan Coils Sales Value by Country (%), 2024 VS 2031
- 6.6 Asia Pacific
- 6.6.1 Asia Pacific Fan Coils Sales Value, 2020-2031
- 6.6.2 Asia Pacific Fan Coils Sales Value by Region (%), 2024 VS 2031
- 6.7 South America
- 6.7.1 South America Fan Coils Sales Value, 2020-2031
- 6.7.2 South America Fan Coils Sales Value by Country (%), 2024 VS 2031
- 6.8 Middle East & Africa
- 6.8.1 Middle East & Africa Fan Coils Sales Value, 2020-2031
- 6.8.2 Middle East & Africa Fan Coils Sales Value by Country (%), 2024 VS 2031
7 Segmentation by Key Countries/Regions
- 7.1 Key Countries/Regions Fan Coils Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 7.2 Key Countries/Regions Fan Coils Sales Value and Sales Volume
- 7.2.1 Key Countries/Regions Fan Coils Sales Value, 2020-2031
- 7.2.2 Key Countries/Regions Fan Coils Sales Volume, 2020-2031
- 7.3 United States
- 7.3.1 United States Fan Coils Sales Value, 2020-2031
- 7.3.2 United States Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.3.3 United States Fan Coils Sales Value by Application, 2024 VS 2031
- 7.4 Europe
- 7.4.1 Europe Fan Coils Sales Value, 2020-2031
- 7.4.2 Europe Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.4.3 Europe Fan Coils Sales Value by Application, 2024 VS 2031
- 7.5 China
- 7.5.1 China Fan Coils Sales Value, 2020-2031
- 7.5.2 China Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.5.3 China Fan Coils Sales Value by Application, 2024 VS 2031
- 7.6 Japan
- 7.6.1 Japan Fan Coils Sales Value, 2020-2031
- 7.6.2 Japan Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.6.3 Japan Fan Coils Sales Value by Application, 2024 VS 2031
- 7.7 South Korea
- 7.7.1 South Korea Fan Coils Sales Value, 2020-2031
- 7.7.2 South Korea Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.7.3 South Korea Fan Coils Sales Value by Application, 2024 VS 2031
- 7.8 Southeast Asia
- 7.8.1 Southeast Asia Fan Coils Sales Value, 2020-2031
- 7.8.2 Southeast Asia Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.8.3 Southeast Asia Fan Coils Sales Value by Application, 2024 VS 2031
- 7.9 India
- 7.9.1 India Fan Coils Sales Value, 2020-2031
- 7.9.2 India Fan Coils Sales Value by Type (%), 2024 VS 2031
- 7.9.3 India Fan Coils Sales Value by Application, 2024 VS 2031
8 Company Profiles
- 8.1 Daikin
- 8.1.1 Daikin Company Information
- 8.1.2 Daikin Introduction and Business Overview
- 8.1.3 Daikin Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.1.4 Daikin Fan Coils Product Offerings
- 8.1.5 Daikin Recent Development
- 8.2 Johnson Controls
- 8.2.1 Johnson Controls Company Information
- 8.2.2 Johnson Controls Introduction and Business Overview
- 8.2.3 Johnson Controls Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.2.4 Johnson Controls Fan Coils Product Offerings
- 8.2.5 Johnson Controls Recent Development
- 8.3 Carrier
- 8.3.1 Carrier Company Information
- 8.3.2 Carrier Introduction and Business Overview
- 8.3.3 Carrier Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.3.4 Carrier Fan Coils Product Offerings
- 8.3.5 Carrier Recent Development
- 8.4 Ingersoll Rand
- 8.4.1 Ingersoll Rand Company Information
- 8.4.2 Ingersoll Rand Introduction and Business Overview
- 8.4.3 Ingersoll Rand Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.4.4 Ingersoll Rand Fan Coils Product Offerings
- 8.4.5 Ingersoll Rand Recent Development
- 8.5 Panasonic
- 8.5.1 Panasonic Company Information
- 8.5.2 Panasonic Introduction and Business Overview
- 8.5.3 Panasonic Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.5.4 Panasonic Fan Coils Product Offerings
- 8.5.5 Panasonic Recent Development
- 8.6 Gree
- 8.6.1 Gree Company Information
- 8.6.2 Gree Introduction and Business Overview
- 8.6.3 Gree Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.6.4 Gree Fan Coils Product Offerings
- 8.6.5 Gree Recent Development
- 8.7 Midea
- 8.7.1 Midea Company Information
- 8.7.2 Midea Introduction and Business Overview
- 8.7.3 Midea Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.7.4 Midea Fan Coils Product Offerings
- 8.7.5 Midea Recent Development
- 8.8 Bryant
- 8.8.1 Bryant Company Information
- 8.8.2 Bryant Introduction and Business Overview
- 8.8.3 Bryant Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.8.4 Bryant Fan Coils Product Offerings
- 8.8.5 Bryant Recent Development
- 8.9 WILLAMS
- 8.9.1 WILLAMS Company Information
- 8.9.2 WILLAMS Introduction and Business Overview
- 8.9.3 WILLAMS Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.9.4 WILLAMS Fan Coils Product Offerings
- 8.9.5 WILLAMS Recent Development
- 8.10 SABIANA
- 8.10.1 SABIANA Company Information
- 8.10.2 SABIANA Introduction and Business Overview
- 8.10.3 SABIANA Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.10.4 SABIANA Fan Coils Product Offerings
- 8.10.5 SABIANA Recent Development
- 8.11 AERMEC
- 8.11.1 AERMEC Company Information
- 8.11.2 AERMEC Introduction and Business Overview
- 8.11.3 AERMEC Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.11.4 AERMEC Fan Coils Product Offerings
- 8.11.5 AERMEC Recent Development
- 8.12 DIFFUSION
- 8.12.1 DIFFUSION Company Information
- 8.12.2 DIFFUSION Introduction and Business Overview
- 8.12.3 DIFFUSION Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.12.4 DIFFUSION Fan Coils Product Offerings
- 8.12.5 DIFFUSION Recent Development
- 8.13 Quartz
- 8.13.1 Quartz Company Information
- 8.13.2 Quartz Introduction and Business Overview
- 8.13.3 Quartz Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.13.4 Quartz Fan Coils Product Offerings
- 8.13.5 Quartz Recent Development
- 8.14 HITACHI
- 8.14.1 HITACHI Company Information
- 8.14.2 HITACHI Introduction and Business Overview
- 8.14.3 HITACHI Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.14.4 HITACHI Fan Coils Product Offerings
- 8.14.5 HITACHI Recent Development
- 8.15 Tianjia
- 8.15.1 Tianjia Company Information
- 8.15.2 Tianjia Introduction and Business Overview
- 8.15.3 Tianjia Fan Coils Sales, Revenue, Price and Gross Margin (2020-2025)
- 8.15.4 Tianjia Fan Coils Product Offerings
- 8.15.5 Tianjia Recent Development
9 Industry Chain Analysis
- 9.1 Fan Coils Industrial Chain
- 9.2 Fan Coils Upstream Analysis
- 9.2.1 Key Raw Materials
- 9.2.2 Raw Materials Key Suppliers
- 9.2.3 Manufacturing Cost Structure
- 9.3 Midstream Analysis
- 9.4 Downstream Analysis (Customers Analysis)
- 9.5 Sales Model and Sales Channels
- 9.5.1 Fan Coils Sales Model
- 9.5.2 Sales Channel
- 9.5.3 Fan Coils Distributors
10 Research Findings and Conclusion
11 Appendix
- 11.1 Research Methodology
- 11.1.1 Methodology/Research Approach
- 11.1.1.1 Research Programs/Design
- 11.1.1.2 Market Size Estimation
- 11.1.1.3 Market Breakdown and Data Triangulation
- 11.1.2 Data Source
- 11.1.2.1 Secondary Sources
- 11.1.2.2 Primary Sources
- 11.2 Author Details
- 11.3 Disclaimer