Press release
Understanding Impact of COVID-19 on Fan Coils market
North America Fan Coils Market
Transparency Market Research delivers key insights on the North America fan coils market. In terms of revenue, the North America fan coils market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the North America fan coils market.
The North America fan coils market is broadly affected by several factors, such as rising production of electronics (air-conditioners), installation of fan coils in various electronics, fan coil units having air space to blow hot or cold air, and extensive availability in various price ranges in North America, which are propelling the North America fan coils market.
North America Fan Coils Market: Dynamics
In terms of orientation, the fan coils market has been classified into cassette fan coils, horizontal fan coils, vertical fan coils, and wall mounted fan coils. The demand for cassette fan coils is higher in North America. In terms of configuration, the fan coils market has been divided into two pipe and four pipe. Two pipe fan coils are widely used and have the highest market share in North America. In terms of design type, the market has been segmented into regular and compact. Regular fan coils are most commonly demanded.
Based on end user, the fan coils market has been divided into residential, commercial, and industrial. The commercial segment is further sub-divided into office spaces, hotels, restaurants, hospitals, retail, and others. Commercial fan coils are used in several places such as offices, hotels & restaurants, and shopping complexes, and the commercial segment is the most notable buyer of fan coils.
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North America Fan Coils Market: Prominent Countries
In 2020, the U.S. alone contributed approximately 67% of revenue share of the North America fan coils market. Various industries already have their manufacturing facilities in the U.S. The market in the U.S. is also the fastest growing in the North America region at a CAGR of 4.2%. Therefore, the market in this country is anticipated to witness the fastest growth rate throughout the forecast years. Canada and other markets in North America are expected to grow moderately. However, the demand in the upcoming years may shift due to competitive prices of horizontal fan coils in these countries as many end-use industries are likely to opt for cassette fan coils, as these type of fan coils are most commonly used in offices, retail, and restaurants areas.
North America Fan Coils Market: Key Players
Key players operating in the North America fan coils market are Carrier Corporation, Daikin Industries, Ltd., Trane Inc., Zehnder Group., Williams Products, Midea Group, International Environmental Corporation, Refra, AERMEC S.P.A, Johnson Controls, Mitsubishi Electric Corporation, and LG Electronics.
North America Fan Coils Market: Segmentation
Fan Coils Market, by Orientation
Cassette Fan Coils
Horizontal Fan Coils
Vertical Fan Coils
Wall Mounted Fan Coils
Fan Coils Market, by Configuration
Two Pipe
Four Pipe
Fan Coils Market, by Design Type
Regular
Compact
Fan Coils Market, by End User
Residential
Commercial
Office Spaces
Hotels
Restaurants
Hospitals
Retail
Others
Industrial
Fan Coils Market, by Region
North America
U.S.
Canada
Rest of North America
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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