Global Fan Coil Unit (FCU) Valve Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of xx% during the forecast period.
Global Fan Coil Unit (FCU) Valve Market Introduction
The Fan Coil Unit is a device that includes a cooling and heating, heat exchanger. It is a standalone system, which serves to circulate the air in a small space. It is basically the system, which controls the temperature of the surroundings where it is installed. This system provides flexibility in installation. It is used in HVAC systems, in commercial, industrial, and residential buildings. Fan Coil Units usually need individual control, thus used in small spaces.
Global Fan Coil Unit (FCU) Valve Market Dynamics
Fan Coil Units Valve is highly compatible with renewable energy systems. The system is highly flexible in terms of subdivisions and spaces as compared to other similar products in the market. Growing consumer awareness about energy-efficient models primarily fuels the growth of the fan coil unit valve market. Energy efficiency is the major concern associated with the use of conventional HVAC systems. Commercial, residential, and industrial sectors utilize about one trillion kilowatt-hours of electricity annually. Consumers are looking for an energy-efficient model that would consume less energy and lower the electricity bill, as well as carbon emission. The fan coil unit valve market is experiencing tremendous growth owing to the growing demand for the FCU in the industrial units, shopping malls, commercial sectors, and others.
Global Fan Coil Unit (FCU) Valve Market Segment Analysis
Many HVAC systems use hydronic piping as a means to provide space heating and cooling. Individual fan-coils serve each zone, while a central chiller and boiler assume total HVAC loads as needed. The significant advantage of a four-pipe system is that different building areas can be cooled or heated simultaneously. A four-pipe fan coil unit consists of a fan, chilled water cooling coil, hot water heating coil, and air filter. Fan coil units provide conditioned air to the area served by recirculating space air through the coils. Advances in HVAC equipment design and controls technology, coupled with mandates for increased energy efficiency, have led to HVAC terminal unit designs such as chilled beams and DOAS terminals are thought of as state-of-the-art systems. These system types can also be applied to a four-pipe fan coil unit system, resulting in system efficiencies that meet and exceed today’s energy efficiency goals and mandates.
Global Fan Coil Unit (FCU) Valve Market by Configuration
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Global Fan Coil Unit (FCU) Valve Market Regional Insights
Global Fan Coil Unit (FCU) Valve Market by Regional
North America holds the major share of the fan coil unit valve market in terms of volume and is anticipated to dominate the fan coil unit valve market during the forecast period, followed by Europe.
Asia Pacific is projected to expand significantly in terms of share in the global fan coil unit valve market during the forecast period, owing to stringent government regulations regarding energy consumption and the rising number of commercial and residential projects. In addition, due to the growing number of construction projects, the requirement for HVAC systems in APAC countries is projected to rise considerably, which in turn is expected to boost the demand for fan coil units.
The fan coil unit valve market in Middle East & Africa and South America is also expected to show moderate growth during the forecast period.
Global Fan Coil Unit (FCU) Valve Market Scope: Inquire before buying
Global Fan Coil Unit (FCU) Valve Market by Scope
Global Fan Coil Unit (FCU) Valve Market, by Region
• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Fan Coil Unit (FCU) Valve Market Key Players
• Barcol-Air UK Ltd
• Daikin Industries
• Gree Electric Appliances
• Carrier Corporation
• Crane Co.
• Haier lnc.
• Hitachi, Ltd.,
• Johnson Controls, Inc.
• LG Electronics Inc.
• Midea Group
• Mitsubishi Electric Corporation
• Samsung Electronics Co., Ltd.
• TROX GROUP.
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