Europe Fan Coils Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Configuration, Orientation, End User, and Region

  • Europe Fan Coils Market was valued at USD 1.16 Billion in 2023. Europe Fan Coils Market size is estimated to grow at a CAGR of 5.4% over the forecast period

  • Format : PDF | Report ID : SMR_928

Europe Fan Coils Market Definition:

A fan coil unit is a device that uses a coil and a fan to either heat or cools a room. It doesn’t require any additional ductwork due to their simplicity they are more economical to install than ducted air management units. The modern fan coil units are sleek, silent, and insulated for both heat transfer and vibrations earlier it was noisy and create vibrations. The mechanics of the fan coil system are quite simple the supply pipe delivers cold and hot water through the network of copper-aluminum pipes depending upon the time of the year. The electronically commutated motors and low voltage DC saves the electrical energy in the HVAC system.


Further, the Europe Fan Coils market is segmented by product type, distribution channel, and geography. Based on Configuration, the Europe Fan Coils market is segmented under Four pipe FCU and Two pipe FCU. Based on Orientation, the market is segmented into Horizontal and Vertical. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France, and the Rest of Europe For each segment, the market sizing and forecasts have been done based on(in USD Billion).


Europe Fan Coils Market


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Europe Fan Coils Market Dynamics:

The major factor driving the growth of the fan coil market in the region is consumers’ awareness of improving energy efficiency is the major factor contributing to the increase in demand for the energy-efficient fan coil unit market.  The Fan coil is efficient and a lot cheaper than buying an air conditioning unit. The increase in demand for HVAC fans and evaporator coils is expected to gain momentum during the forecast period because of improving the standard of living and increased spending on heating and cooling appliances. Rapid urbanization and industrialization would also increase the demand for high-quality HVAC systems. These are the major factors that will contribute to the growth of the fan coils market in Europe.


The adoption of chilled ceilings and beams could limit the growth of the fan coil market in the region. The main factor driving the growth of chilled ceilings and beams is the demand for energy-efficient products because it works on high water temperature than fan coil making them more energy efficient. These have provoked the fan coil manufacturers to invest in more energy-efficient products such as DC motors with electronically commutated fans.


The advent of the use of AC/DC fan motors in fan coils has also introduced the opportunity to significantly reduce energy consumption and running costs. HEVAC’s Fan Coil Unit Group has commissioned environmental design solutions ltd which developed the thermal analysis software used by the building regulations to carry out an energy study on buildings. Manufacturers are also working on innovations that reduce both the consumption of fan motors and also reduce maintenance costs.


Rapid Technological advancement and improving the performance by reducing system cost is also fuelling the growth of the market. The European HVAC fan and evaporator account for 20% of the global market share by 2026. Within Europe, Italy held the largest market share of about 29% in 2021. Several techniques are developed to enhance the fan coil unit as temperature setting which enables the fan coil unit to set temperature according to outdoor temperature to satisfy the indoor thermal comfort for occupants. The genetic algorithm technique calculates the minimum energy consumption for the HAVAC system. This technique results in the HAVAC system achieving 40% energy conversation compared with the HVAC system operating at full load. The variable refrigerant flow (VRF) is the system that is generally popular for buildings with diverse, multiple zones requiring individual control, such as office buildings, hospitals, schools or hotels. It minimizes or often eliminates ductwork and associated duct leakage losses. A Variable Refrigerant Flow reduces installation costs by 30% and also provides a reduction in copper tubing and wiring costs.


Europe Fan Coils Market Segment Analysis:

By End-users, The market is bifurcated into Commercial, Industrial, and Residential. The commercial segment held the largest market share of 66% in 2023 and is expected to grow the same during the forecast period. Due to their simplicity and flexibility, fan coil units are more economical to install in commercial buildings. The new-build accounts for 64% of the European market and is also evidence of the great predominance of the commercial segment. These are the factors that contribute to the growth of the commercial segment.


Europe Fan Coils Market


COVID-19 Impact on Europe Fan Coils Market:

The outbreak is hurting companies all across the globe. In addition, the world economy had a slowdown in 2020, which has continued into the first quarter of 2021. The pandemic hurts the Europe fan coil market because it is possible for an HVAC system to spread some airborne viruses through a vessel. Even though the risk of the virus spreading through the HVAC system is very less the chance of getting infected by someone who sneezes or coughs is much more likely. It was recommended that fan coils that recirculate air locally in the occupied space, should be frequently and thoroughly cleaned to prevent the growth of bacteria and mold.


Europe Fan Coils Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.


The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.


The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Europe Fan Coils market. The report also analyses if the Global Europe Fan Coils market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.


The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Europe Fan Coils market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Europe Fan Coils market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Europe Fan Coils market is aided by legal factors.


Europe Fan Coils Market Scope:


Europe Fan Coils Market 

Market Size in 2023

USD 1.16 Bn.

Market Size in 2030

USD 1.69 Bn.

CAGR (2024-2030)


Historic Data


Base Year


Forecast Period


Segment Scope

By Configuration

  • Four pipe fan coil unit
  • Two pipe fan coil unit

By Orientation

  • Horizontal
  • Vertical

By End User

  • Commercial
  • Residential
  • Industrial

Country Scope

  • UK 
  • France
  • Germany
  • Italy 
  • Spain 
  • Sweden
  • Austria
  • and Rest of Europe


Europe Fan Coils Market Key Players:  

  • Barcol-Air
  • Carrier Corporation
  • Daikin
  • Euroclima
  • Haier Group Corporation
  • Hitachi LTD.
  • Johnson Control Inc.
  • Trane
  • Trox Group
  • Panasonic

Frequently Asked Questions

The segments covered in the Europe Fan Coils Market report are based on Product, Age Group, and Distribution Channel.

  1. Scope of the Report
  2. Research Methodology
    • Research Process
    • Europe Fan Coils Market: Target Audience
    • Europe Fan Coils Market: Primary Research (As per Client Requirement)
    • Europe Fan Coils Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Stellar Competition matrix
      • Europe Stellar Competition Matrix
    • Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
    • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Challenges
    • PESTLE Analysis
    • PORTERS Five Force Analysis
    • Value Chain Analysis
  5. Europe Fan Coils Market Segmentation
    • Europe Fan Coils Market, by Configuration (2023-2030)
      •  Four pipe fan coil unit
      • Two pipe fan coil unit
    • Europe Fan Coils Market, by Orientation (2023-2030)
      •  Horizontal
      • Vertical
    • Europe Fan Coils Market, by End User (2023-2030)
      •  Commercial
      • Residential
      • Industrial
    • Europe Fan Coils Market, by Country (2023-2030)
      • Italy
      • France
      • Russia
      • United kingdom
      • Rest of Europe
  6. Company Profiles
    • Barcol-Air
      • Company 1
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Business Strategy
        • Key Developments
      •  Carrier Corporation
      • Daikin
      • Euroclima
      • Haier Group Corporation
      • Hitachi LTD.
      • Johnson Control Inc.
      • Trane
      • Trox Group
      • Panasonic
  7. Key Findings
  8. Recommendations

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