How big is the China Commercial HVAC Market?

The China Commercial HVAC Market size is expected to reach USD 9.14 billion in 2024 and grow at a CAGR of 8.51% to reach USD 13.75 billion by 2029. Read More

What is the current China Commercial HVAC Market size?

In 2024, the China Commercial HVAC Market size is expected to reach USD 9.14 billion. Read More

Who are the key players in China Commercial HVAC Market?

Daikin Industries Ltd, Carrier Corporation, Robert Bosch GmbH, Johnson Controls International PLC and Trane Technologies Plc are the major companies operating in the China Commercial HVAC Market. Read More

What years does this China Commercial HVAC Market cover, and what was the market size in 2023?

In 2023, the China Commercial HVAC Market size was estimated at USD 8.36 billion. The report covers the China Commercial HVAC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Commercial HVAC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China Commercial HVAC Market Share

Statistics for the 2023 & 2024 China Commercial HVAC market share, created by Mordor Intelligence™ Industry Reports. China Commercial HVAC share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of China Commercial HVAC Industry

The Chinese commercial HVAC market is fragmented, with the presence of major players like Daikin Industries Ltd, Carrier Corporation, Robert Bosch GmbH, Johnson Controls International PLC, Mitsubishi Electric Hydronics & IT Cooling Systems SpA, and System Air AB. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.

In March 2024, Samsung Electronics Co. vied to acquire Johnson Controls International's HVAC assets, valued at over USD 6 billion. This potential deal would signify Samsung's first significant acquisition in seven years and signal its strategic move into the burgeoning HVAC market. It is expected to witness substantial growth in the years ahead. Meanwhile, Johnson Controls is actively pursuing the divestment of its light commercial businesses in tandem with its advisors.
February 2024: Carrier China signed a USD 17 million (RMB 100 million) deal with China Eastern Airlines Investment Co., Ltd. (CES Investment) to provide XCT7 variable refrigerant flow (VRF) systems for commercial offices in China. These systems surpass China's national Level I energy efficiency standard, boasting an impressive integrated part load value (IPLV) of up to 10. It can rapidly cool or heat spaces, boasting an ultra-quiet operation at just 23 decibels, quieter than a whisper.