Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) Market
Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0753
Segments Covered
By
Product Wall Mounted Fan Coils, Horizontal Fan Coils, Vertical Fan Coils, Mini-split (ductless) system, Central (ducted) air conditioning, Others
-
By
Application Residential, Commercial, Industrial buildings
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.8 Billion |
 Revenue 2028:
|
6.5 Billion |
 Revenue CAGR
(2021 - 2028): |
12.10% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Product, the market is divided into Wall Mounted Fan Coils, Horizontal Fan Coils, Vertical Fan Coils, Mini-split (ductless) system, Central (ducted) air conditioning, Others,. Horizontal Fan Coils dominated the global Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) market in 2020 and is projected to witness the same trend during the forecast period.
Based on Application, the market is segmented into Residential, Commercial, Industrial buildings,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) Market: Product Segment Analysis
-
- Wall Mounted Fan Coils
- Horizontal Fan Coils
- Vertical Fan Coils
- Mini-split (ductless) system
- Central (ducted) air conditioning
- Others
Global Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial buildings
FAQ
Frequently Asked Question
What is the global demand for Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) in terms of revenue?
-
The global Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) valued at 2.8 Billion in 2020 and is expected to reach 6.5 Billion in 2028 growing at a CAGR of 12.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Lennox International, Whirlpool, Ingersoll Rand(Trane), Panasonic, Haier, Johnson Controls(York), Gree, AERMEC, Samsung Electronics, AeroVentic, Carrier, Daikin(McQuay), Neptune Air Conditioning, LG Electronics, United Technologies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) include
- Increasing demand for renewable energy due to high power consumption and a growing focus on reducing carbon emission creates a huge demand for the market.
- Reduction in renewable power generation costs coupled with growing subsidies has expanded the market growth during the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) in 2020.
