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
Research Methodology: Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) Market - Global Market Assessment, 2021 - 2028
The global Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC) market research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA. Consumer spending data distinguished by regions was considered while studying the Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC)market.
Secondary Research
Primary Research:
Primary research is conducted to verify and revalidate the data gained/procured from the secondary data sources. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC)market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC)supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Fan Coil Unit (FCU) and Packaged Terminal Air Conditioners (PTAC)market.
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.
