Ceiling Mounted Fan Coil

Ceiling Mounted Fan Coil Market Outlook

The global Ceiling Mounted Fan Coil market is poised for significant growth, with a projected market size of approximately USD 6.2 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 5.4% from 2025 to 2035. The steady rise in the construction of residential and commercial buildings, driven by urbanization and infrastructure development, is a key factor contributing to this market growth. Furthermore, the increasing emphasis on energy-efficient HVAC systems and the need for improved indoor air quality are propelling the demand for fan coil units. The growing awareness of sustainable and eco-friendly technologies among consumers also plays a crucial role in shaping the market landscape. Lastly, the ongoing technological advancements in fan coil designs and functionalities enhance their appeal in various applications.

Growth Factor of the Market

Several growth factors are driving the development of the Ceiling Mounted Fan Coil market. Firstly, the rapid urbanization across emerging economies is leading to a surge in construction activities, consequently boosting the demand for efficient climate control solutions. In addition, the increasing adoption of smart home technologies and automation systems in residential and commercial sectors is enhancing the attractiveness of fan coil units, as they can be easily integrated into these systems. Furthermore, the rising focus on energy conservation and reducing carbon footprint has led to greater investments in energy-efficient HVAC systems, including ceiling-mounted fan coils. The healthcare industry’s growing need for precise temperature control and improved air quality, especially in hospitals and healthcare facilities, is another significant factor contributing to market growth. Lastly, government initiatives aimed at promoting energy-efficient appliances are expected to further stimulate market demand in the coming years.

Key Highlights of the Market

• The global Ceiling Mounted Fan Coil market is expected to reach USD 6.2 billion by 2035.
• Anticipated CAGR of 5.4% from 2025 to 2035, indicating robust market growth.
• Significant increase in demand driven by urbanization and construction activities.
• Technological advancements in fan coil designs enhancing their efficiency and appeal.
• Government initiatives promoting energy efficiency are likely to boost market adoption.

By Product Type

Vertical Fan Coil Unit:

Vertical fan coil units are designed for space-saving applications and are often used in buildings where ceiling height is limited. These units are ideal for residential and commercial spaces and offer a compact solution for climate control. Their design allows for easy installation in various settings, and they can be placed close to the wall to maximize floor space. Vertical fan coil units are known for their efficient heat transfer capabilities and can operate effectively with different energy sources, which enhances their versatility in different applications. The growing trend towards maximizing usable space in urban construction is expected to further drive the demand for vertical fan coil units in the coming years.

Horizontal Fan Coil Unit:

Horizontal fan coil units are widely used in commercial and industrial applications due to their high heat output and efficiency. These units are typically mounted on ceilings or walls and are designed to distribute conditioned air evenly in larger spaces. Their larger capacity and robust design make them suitable for high-occupancy areas where consistent temperature control is crucial. With advancements in technology, modern horizontal fan coils come equipped with quiet operation features and enhanced energy efficiency, making them more attractive to consumers. The increase in commercial construction projects, along with the rising demand for efficient HVAC systems, is likely to boost the adoption of horizontal fan coil units in various sectors.

Cassette Fan Coil Unit:

Cassette fan coil units are designed for discrete installation in ceilings, providing a sleek and unobtrusive appearance. These units have become increasingly popular in commercial settings, including offices, hotels, and retail spaces, due to their aesthetic appeal and effective air distribution capabilities. With options for multi-directional airflow, cassette fan coils can ensure uniform temperature control across different zones within a space. The growing preference for aesthetically pleasing and space-efficient climate control solutions in contemporary architecture is set to drive the demand for cassette fan coil units. Additionally, their compatibility with smart building technologies enhances their market appeal.

Decorative Fan Coil Unit:

Decorative fan coil units serve a dual purpose of providing climate control while contributing to the overall aesthetics of a space. These units come in a variety of designs, colors, and finishes, making them suitable for upscale residential and commercial applications. The increasing focus on interior design and customization is driving demand for decorative fan coils, as they allow for greater flexibility in design choices. Furthermore, these units do not compromise on energy efficiency and often incorporate advanced technology for improved performance. The luxury segment of the real estate market is particularly influential in boosting the sales of decorative fan coil units, as homeowners and businesses seek products that complement their decor.

Concealed Fan Coil Unit:

Concealed fan coil units are installed in ceilings or walls, hiding their components and providing a clean and minimalist look. This type of fan coil is especially favored in high-end residential and commercial spaces where aesthetics are paramount. The concealed installation allows for more flexible interior design without visible HVAC components disrupting the visual flow of a room. Additionally, these units can provide high energy efficiency and advanced features such as programmable thermostats and zoning capabilities. With the growing trend towards modern and minimalist interior design, the demand for concealed fan coil units is likely to increase as consumers seek to achieve a sleek and unobtrusive look in their spaces.

By Application

Residential Buildings:

The application of ceiling mounted fan coils in residential buildings is primarily driven by the growing demand for energy-efficient heating and cooling solutions. Homeowners are increasingly looking for systems that provide comfort while minimizing energy consumption. Fan coil units can be easily integrated into existing HVAC systems or used as standalone units, providing flexibility for various residential layouts. Furthermore, the push for smart home technology has led to the development of fan coil systems that can be controlled remotely, enhancing user convenience. As new residential developments continue to rise, the demand for technologically advanced and efficient climate control options, such as ceiling-mounted fan coils, is expected to grow significantly.

Commercial Buildings:

In commercial buildings, ceiling mounted fan coils are highly valued for their efficiency and ability to provide consistent temperature control across large spaces. These units can be utilized in offices, retail environments, and hospitality settings, where a comfortable indoor climate is essential for customer satisfaction and employee productivity. The flexibility of fan coil systems allows for easy installation in various layouts, and their compatibility with building management systems makes them suitable for modern commercial constructions. As businesses prioritize energy efficiency and sustainable building practices, the demand for fan coil units in commercial applications is projected to rise, bolstered by supportive government regulations and incentives.

Industrial Buildings:

In industrial buildings, ceiling mounted fan coils play a crucial role in maintaining optimal temperature and air quality for both workers and equipment. These units can manage large volumes of air and provide precise climate control in environments that require specific temperature ranges, such as manufacturing facilities and warehouses. The durability and reliability of fan coil systems make them suitable for industrial applications where operational efficiency is paramount. Furthermore, the need for energy-efficient heating and cooling systems in industrial settings aligns with global sustainability goals, leading to increased investments in advanced fan coil technologies. As industries adapt to changing regulations concerning energy consumption, the market for ceiling mounted fan coils in industrial applications is expected to grow steadily.

Healthcare Facilities:

The healthcare sector is increasingly adopting ceiling-mounted fan coils due to their ability to provide a controlled and hygienic environment critical for patient care. These units are used in various healthcare settings, including hospitals, clinics, and long-term care facilities, where precise temperature control and air quality are essential. Fan coil units can effectively handle the ventilation needs of different areas within healthcare facilities, from patient rooms to waiting areas. Their efficiency helps reduce operational costs associated with heating and cooling, which is particularly important in large healthcare institutions. As healthcare facilities seek to enhance patient comfort and meet stringent regulatory standards, the adoption of fan coil units is set to increase.

Hospitality:

In the hospitality industry, ceiling mounted fan coils are favored for their ability to maintain a comfortable environment for guests while operating quietly and efficiently. Hotels and resorts utilize these units to ensure guests experience optimal temperature control without intrusive noise. The flexibility of fan coil systems allows for personalized climate control in individual rooms, enhancing the guest experience. Additionally, as the hospitality sector increasingly focuses on sustainability, the energy efficiency of fan coil units aligns with the industry's goals to reduce operational costs and environmental impact. As global tourism continues to rebound post-pandemic, the demand for ceiling-mounted fan coils in the hospitality sector is expected to grow significantly.

By Distribution Channel

Direct Sales:

Direct sales are a significant distribution channel for ceiling mounted fan coil units, allowing manufacturers to establish direct relationships with their customers. This approach enables companies to provide tailored solutions that meet specific customer needs while offering comprehensive product knowledge and support. Direct sales also facilitate efficient feedback loops, helping manufacturers improve product offerings based on customer experiences. Additionally, direct sales can lead to increased customer loyalty as clients receive personalized service and attention. As the market continues to expand, manufacturers are likely to enhance their direct sales strategies to capture a larger share of the growing demand for fan coil units in various applications.

Indirect Sales:

Indirect sales channels, including distributors, wholesalers, and retailers, play a crucial role in the distribution of ceiling mounted fan coil units. This method allows manufacturers to broaden their market reach and leverage the existing networks of distributors who have established relationships with contractors and end-users. Indirect sales provide a level of convenience and accessibility for consumers, allowing them to purchase fan coil units from various locations. This distribution strategy is particularly advantageous for reaching smaller projects or localized markets where direct sales might be less effective. As demand for fan coil units continues to grow, manufacturers are expected to strengthen their partnerships with indirect sales channels to enhance distribution efficiency and market presence.

By Energy Source

Electric Fan Coil Unit:

Electric fan coil units are among the most commonly used systems in ceiling mounted applications due to their ease of installation and operation. These units utilize electricity as their primary energy source, providing efficient heating and cooling solutions suitable for various environments. Electric fan coils are favored for their ability to quickly respond to temperature changes, making them ideal for residential and commercial applications. Additionally, advancements in electric fan coil technology have improved energy efficiency and reduced operational costs. The increasing focus on renewable energy sources and sustainable practices is likely to further boost the demand for electric fan coil units as consumers seek energy-efficient solutions for their heating and cooling needs.

Water Fan Coil Unit:

Water fan coil units use water as a heat transfer medium, allowing for efficient cooling and heating across various applications. These units are often utilized in environments where a centralized hot water or chilled water system is available, making them suitable for commercial and industrial buildings. The efficiency of water fan coils is one of their key advantages, as they offer better energy performance compared to electric units in certain applications. The growing trend towards integrated HVAC systems that utilize water as an energy source is expected to drive the adoption of water fan coil units, particularly in large-scale commercial projects that prioritize energy efficiency and sustainability.

Chilled Water Fan Coil Unit:

Chilled water fan coil units are specifically designed to utilize chilled water for cooling spaces, making them a popular choice in commercial and industrial applications where air conditioning is essential. These units are connected to a centralized chiller, which circulates chilled water to the fan coils, providing effective cooling throughout the building. Chilled water fan coils are known for their high cooling capacity and efficiency, making them suitable for large spaces with varying cooling demands. As businesses increasingly prioritize energy-efficient HVAC solutions, the demand for chilled water fan coil units is expected to grow, supported by advancements in chiller technology and building automation systems.

Hot Water Fan Coil Unit:

Hot water fan coil units operate by circulating hot water through the coils, providing effective heating solutions in residential and commercial settings. These units are particularly beneficial in climates that require robust heating capabilities during colder months. Hot water fan coils can be integrated into existing heating systems, making them a versatile choice for buildings undergoing renovation or upgrades. Their efficiency and ability to deliver consistent warmth make them a popular option among homeowners and businesses alike. As the focus on energy efficient heating solutions grows, the adoption of hot water fan coil units is likely to increase, particularly in regions with colder climates.

Steam Fan Coil Unit:

Steam fan coil units utilize steam as the heating medium, making them an efficient choice for industrial applications and large commercial buildings. These units are designed to heat air quickly and effectively, providing consistent temperature control in environments where rapid heating is necessary. Steam fan coils are often connected to a central boiler system, enabling them to draw steam as needed for heating purposes. Their durability and reliability make them suitable for demanding applications, while advancements in technology enhance their efficiency and performance. As industries seek to optimize their heating systems and reduce energy consumption, the demand for steam fan coil units is anticipated to grow in the upcoming years.

By Region

The regional analysis of the Ceiling Mounted Fan Coil market indicates varying levels of demand influenced by construction trends and regulatory environments. North America dominates the market, accounting for approximately 35% of the global share, driven primarily by the robust construction sector and the increasing focus on energy-efficient building systems. In this region, the rising adoption of smart home technologies and the integration of fan coil systems into newly constructed residential and commercial buildings play a crucial role in market growth. The projected CAGR for North America is approximately 5.6%, driven by rising consumer awareness regarding energy efficiency and indoor air quality.

Europe holds a significant share of the Ceiling Mounted Fan Coil market, accounting for around 30% of the global market. The region is witnessing substantial investments in sustainable building practices and energy-efficient HVAC systems, which further fuels the demand for fan coil units. Countries like Germany, France, and the UK are leading the way with stringent regulations promoting energy conservation in buildings. Moreover, the increasing trend of retrofitting older buildings with modern climate control systems, including ceiling-mounted fan coils, is expected to drive the market further. The projected CAGR for Europe is around 5.3%, indicating steady growth in the coming years.

Opportunities

Opportunities in the Ceiling Mounted Fan Coil market are abundant, particularly in the realm of technological advancements and sustainability initiatives. The growing trend toward smart buildings and home automation presents a significant opportunity for manufacturers to innovate and develop fan coil systems that can integrate seamlessly with existing smart home technologies. By focusing on creating user-friendly interfaces and remote control capabilities, companies can enhance the appeal of their fan coil units to tech-savvy consumers. Additionally, as energy efficiency becomes a top priority for both commercial and residential sectors, there is an increasing demand for advanced fan coil systems that utilize renewable energy sources, such as solar or geothermal energy, further expanding the market potential.

Moreover, the ongoing global shift towards sustainable construction practices provides a promising avenue for market growth. Governments worldwide are implementing stricter regulations to promote energy-efficient systems in buildings, and ceiling mounted fan coils can significantly contribute to meeting these requirements. Manufacturers that prioritize eco-friendly materials and energy-efficient designs will have a competitive edge in this evolving landscape. Furthermore, emerging markets in Asia-Pacific and Latin America present lucrative opportunities for expansion, as urbanization and infrastructure development accelerate in these regions. By tapping into these markets and aligning their products with local building regulations, companies can capitalize on the growing demand for fan coil systems.

Threats

Despite the positive outlook for the Ceiling Mounted Fan Coil market, several threats could pose challenges to its growth. One of the most significant threats is the volatile raw material prices, particularly for components used in fan coil manufacturing. Fluctuations in the costs of metals, plastics, and electronic components can lead to increased production costs, which may ultimately be passed down to consumers. Additionally, the competition from alternative HVAC solutions, such as ductless mini-split systems and centralized air conditioning, presents another challenge. As consumers continue to seek flexible and efficient cooling solutions, manufacturers must continuously innovate to differentiate their products and maintain market share.

Another threat to the market comes from the increasing emphasis on environmentally sustainable practices. While many manufacturers are adapting to these changes, companies that fail to meet evolving sustainability standards may find themselves at a disadvantage. The growing demand for eco-friendly and energy-efficient products may create an increasingly competitive landscape, where only those who prioritize innovation and sustainability will succeed. Additionally, the potential for economic downturns and uncertainties in global markets can impact construction projects and investment in HVAC systems, further threatening market stability. It is essential for businesses to remain agile and responsive to these challenges to ensure long-term success.

Competitor Outlook

• Carrier Global Corporation
• Trane Technologies plc
• Daikin Industries, Ltd.
• Johnson Controls International plc
• LG Electronics Inc.
• Mitsubishi Electric Corporation
• Fujitsu General Limited
• Parker Hannifin Corporation
• Hitachi, Ltd.
• York International Corporation
• Rheem Manufacturing Company
• Bosch Thermotechnology
• Gree Electric Appliances, Inc. of Zhuhai
• Panasonic Corporation
• Toshiba Carrier Corporation

The competitive landscape of the Ceiling Mounted Fan Coil market is characterized by the presence of several key players who are continually innovating to enhance their product offerings. Companies like Carrier Global Corporation and Trane Technologies plc lead the market, leveraging their extensive experience in HVAC solutions and commitment to energy efficiency. These companies focus on developing advanced fan coil technologies that integrate seamlessly with smart building systems, catering to the growing demand for automation and sustainability. Additionally, they invest heavily in research and development to stay ahead of market trends and consumer preferences, ensuring their products remain competitive in a rapidly evolving industry.

Daikin Industries, Ltd. and Johnson Controls International plc are also prominent players in this market, known for their diverse product portfolios and global reach. Daikin focuses on providing energy-efficient solutions that meet varying regional regulations, while Johnson Controls emphasizes integrated building systems that improve overall energy performance. Both companies are committed to sustainability and actively pursue initiatives aimed at reducing the environmental impact of their products. Their strategic partnerships and collaborations with key stakeholders in the construction and HVAC industries further enhance their competitive edge.

Emerging players like LG Electronics Inc. and Mitsubishi Electric Corporation are gaining traction in the Ceiling Mounted Fan Coil market by introducing innovative technologies that cater to changing consumer preferences. These companies emphasize product design, energy efficiency, and advanced features, enabling them to capture market share in various applications. Moreover, as the demand for eco-friendly and sustainable solutions grows, these companies are investing in research and development to create products that align with environmental standards and regulations.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Hitachi, Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 LG Electronics Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Panasonic Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Bosch Thermotechnology
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Trane Technologies plc
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Daikin Industries, Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fujitsu General Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Carrier Global Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Parker Hannifin Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Rheem Manufacturing Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Toshiba Carrier Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 York International Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Electric Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Johnson Controls International plc
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Gree Electric Appliances, Inc. of Zhuhai
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Ceiling Mounted Fan Coil Market, By Application
    • 6.1.1 Residential Buildings
    • 6.1.2 Commercial Buildings
    • 6.1.3 Industrial Buildings
    • 6.1.4 Healthcare Facilities
    • 6.1.5 Hospitality
  • 6.2 Ceiling Mounted Fan Coil Market, By Product Type
    • 6.2.1 Vertical Fan Coil Unit
    • 6.2.2 Horizontal Fan Coil Unit
    • 6.2.3 Cassette Fan Coil Unit
    • 6.2.4 Decorative Fan Coil Unit
    • 6.2.5 Concealed Fan Coil Unit
  • 6.3 Ceiling Mounted Fan Coil Market, By Energy Source
    • 6.3.1 Electric Fan Coil Unit
    • 6.3.2 Water Fan Coil Unit
    • 6.3.3 Chilled Water Fan Coil Unit
    • 6.3.4 Hot Water Fan Coil Unit
    • 6.3.5 Steam Fan Coil Unit
  • 6.4 Ceiling Mounted Fan Coil Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Ceiling Mounted Fan Coil Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Ceiling Mounted Fan Coil market is categorized based on

By Product Type

• Vertical Fan Coil Unit
• Horizontal Fan Coil Unit
• Cassette Fan Coil Unit
• Decorative Fan Coil Unit
• Concealed Fan Coil Unit

By Application

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Healthcare Facilities
• Hospitality

By Distribution Channel

• Direct Sales
• Indirect Sales

By Energy Source

• Electric Fan Coil Unit
• Water Fan Coil Unit
• Chilled Water Fan Coil Unit
• Hot Water Fan Coil Unit
• Steam Fan Coil Unit

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Carrier Global Corporation
• Trane Technologies plc
• Daikin Industries, Ltd.
• Johnson Controls International plc
• LG Electronics Inc.
• Mitsubishi Electric Corporation
• Fujitsu General Limited
• Parker Hannifin Corporation
• Hitachi, Ltd.
• York International Corporation
• Rheem Manufacturing Company
• Bosch Thermotechnology
• Gree Electric Appliances, Inc. of Zhuhai
• Panasonic Corporation
• Toshiba Carrier Corporation