The wall mounted fan coil units market experienced substantial growth in 2020 and is projected to maintain a steady revenue growth rate throughout the forecast period. Factors such as rapid urbanization and the increasing adoption of horizontal fan coils in various settings including industrial facilities, residential buildings, and commercial spaces like shopping malls, hospitals, and office complexes, are driving the expansion of the market. Additionally, the growing global population, which results in more households, and the escalating levels of global warming are also contributing to the market's growth.
A Fan Coil Unit (FCU) is an essential device used for air circulation in small spaces, combining a fan and a heat exchanger (coil). It plays a crucial role in HVAC systems commonly found in commercial, residential, and industrial structures. Connected to the system's thermostat, the FCU helps regulate the ambient temperature.
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Top Profiled Companies in the Global Wall Mounted Fan Coil Market Report:
- Barcol-Air UK Ltd
- Crane Co.
- Haier lnc.
- Hitachi, Ltd.,
- Johnson Controls, Inc.
- LG Electronics Inc.
- Midea Group
- Mitsubishi Electric Corporation
- Samsung Electronics Co., Ltd.
- TROX GROUP.
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Surface Mounted
- Conceal Install
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Residential and Commercial
Key Takeaways of the Global Wall Mounted Fan Coil Market Report:
- A comprehensive overview of the global Wall Mounted Fan Coil industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Wall Mounted Fan Coil market.
- Elaborate study of the leading regional markets in the global Wall Mounted Fan Coil market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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