FCU valve is a device that consists of heating coil, cooling coil, and fan. It is a part of the HVAC system and is primarily used in commercial, residential, and industrial buildings. FCU valve is typically employed in various small spaces that require individual control. Based on configuration, there are two types of FCU valves: two type and four type. The two type fan coil unit has one supply pipe and one return pipe. The four type fan coil unit has two supply pipes and two return pipes. Thus, chilled and hot water always remains separate in a four type fan coil unit. FCU valves are available in two shapes: vertical and horizontal. FCU valve is less expensive to install than ducted systems. It is installed through various methods such as ceiling mounted, floor mounted, duct mounted, underfloor, and wall mounted. The global FCU valve market is expected to expand at a rapid pace during the forecast period, owing to the increase in demand for FCU valves in different applications such as office buildings, schools, and shopping malls.
Covid impact on industry -
COVID-19 pandemic has shut-down the production of various products in the fan coil unit valve market mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of fan coil unit valve market significantly from last few months, as is likely to continue during 2020.
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
These fan coil unit valve have its use in energy sector mainly and its increasing demand in every sector is causing its growth in market.
Rise in demand of energy
FCU valve provides high level of flexibility in terms of subdivision and rearrangement of space as compare to other product, hence, expected to fuel the demand of the market. Rise in demand for energy is anticipated to fuel the demand for FCU valves primarily due to the compatibility of FCUs with renewable energy systems. Increase in shift from two FCU valves to four type FCU valves is estimated to boost the demand for FCU valves across the globe
Increase in growth of construction activities
As now there is Growth in construction of buildings, shopping malls, offices, and schools around the world is also estimated to propel the market in the next few years also , the Rise in demand for FCU valves in the medical industry is likely to increase the global market . Energy-saving operation, easy replacement of filter and low installation cost are some of the major factors anticipated to fuel the market demand in the next few years. Based on configuration, the four pipe FCU valve segment is expected to gain traction during the upcoming time so as the low installation depth and better versatility.
FCU valves are simple to operate. However, some of its components require high maintenance such as temperature controllers and valves. This is predicted to hamper the FCU valve market in the next few years. Availability of their alternative product is another major factor anticipated to hinder the market growth across the globe.
Key benefits of the report:
- This study presents the analytical depiction of the fan coil unit valve market along with the current trends and future estimations to determine the future of the market
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fan coil unit valve market share.
- The current market is quantitatively analyzed to highlight the fan coil unit valve market growth scenario.
Fan Coil Unit Valve Market Report Highlights
By End user
Key Market Players
Dunham-Bush Limited, SAV Systems UK Limited, Biddle Air Systems, Barcol-Air UK Ltd, Crane Co., CIAT GROUP, LTG Aktiengesellschaft, TROX GROUP, AERMEC (UK) LTD, Diffusion Group