Eurovent Market Intelligence (EMI) has published the results of its studies on 2014 sales in the Europe, Middle East and Africa (EMEA) region, based on the data gathered from a large number of industry manufacturers.
Fan coil market
The fan coil market suffered a decline in 2014 of 6% compared to 2013 to reach 1.35 million units sold in the EMEA region (Europe, Middle-East and Africa).
This decline in the fan coil market has been shared by many countries that saw their situation deteriorate compared to the previous year: England, Benelux, Germany, Russia, and the Middle East have experience declines between 10% and 15% in 2014 while their situation was positive in 2013.
In 2014, the chiller market represents 19.6MkW against 20.4MkW in 2013. As in 2013, the Middle East is the largest market (2.57MkW) followed by the German (2.48MkW), French (2.36 MkW) and Italian (2.29MkW) markets.
In terms of market share, a geographic segment is clearly defined between the small and medium capacity machines (less than 700kW) and large capacity machines (over 700kW).
The markets for machines whose capacity is less than 700kW is dominated by the European Union with an average market share of 85%. Italy has been the most successful, with a market share of 47% for less than 50kW and 17% for 50-700kW.
Regarding development, it is the European Union countries who have experience growth compared to last year.
The CRAC (Computer Room Air Conditioning) market represents 30,000 units in 2014, which remains unchanged from 2013 in the EMEA region.
As in 2013, the market is dominated at 80% by Europe. This year, Germany is slightly ahead (12%), followed by the United Kingdom (11.3%), the Middle East (11%) and Italy (10.3%).
The air-handling unit market amounted to 2.05bn euros in 2014, which equates to 1.4% more than in 2013.
Growth has been driven by Scandinavian countries, the second largest market in Europe, which represents €324.82M - 16% market share- and an annual increase of 2.6%.
In terms of technology, evaporators represent two-thirds of the market and condensers 29%. Only 3% of the market is composed of air-cooled exchangers. This pattern is the same in almost all of the EMEA region apart from Spain or Turkey, were condensers represent almost half of the market.