Asia Pacific Commercial HVAC Market Share

Market Share of Asia Pacific Commercial HVAC Industry

The Asia-Pacific commercial HVAC market is highly competitive, with several global and regional players. The players are emphasizing strategic initiatives like innovations, partnerships, mergers, and acquisitions to fulfill the surging demand of the HVAC market in the commercial sectors. Besides global players, the regional players offer HVAC equipment and services with highly advanced technologies at competitive prices. The key market players include Daikin Industries Ltd, Carrier Corporation, Midea Group Co. Ltd, Mitsubishi Electric, and Samsung HVAC LLC.

• January 2024: Carrier expanded its HVAC products made in India with a range of air handling units (AHUs) and fan coil units (FCUs) that meet the diverse needs of commercial buildings by providing custom solutions for healthy indoor environments and high-efficiency air filtration requirements. The expansion to FCUs and AHUs affirms more than a five-decade manufacturing presence in India.
• August 2023: Daikin Industries Ltd decided to acquire land in Tsukubamirai City, Ibaraki Prefecture, Japan, to establish a new production base for air conditioners. The company intends to optimize the domestic supply of air conditioning products in Japan to expand further when it locates its new factory in the Kanto region. It will be Daikin's first air conditioning plant in the Kanto region.

Asia Pacific Commercial HVAC Market Leaders

1. Daikin Industries, Ltd.

2. Carrier Corporation

3. Midea Group Co., Ltd.

4. Mitsubishi Electric

5. Samsung HVAC, LLC

*Disclaimer: Major Players sorted in no particular order