Market Share of China HVAC Industry
The China HVAC market is fragmented and consists of several players. Companies continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic partnerships, collaborations, mergers, and acquisitions. Some of the prominent players include Hitachi Ltd, Lennox International Inc., Panasonic Corporation, LG Electronics Inc., Carrier Corporation, and many more.
- June 2024: Carrier Corporation announced the launch of a new service-based model for comfort and energy solutions. Carrier's Cooling-as-a-Service offering enables customers to secure extended performance and consistent payments instead of facing an initial capital expense for system or equipment acquisitions. This innovative financial approach empowers customers to concentrate on their primary operations, leveraging Carrier's comprehensive expertise to ensure comfort and operational effectiveness.
- May 2024: Midea introduced the EVOX G3 heat pump system. This new iteration of the EVOX series consists of the EVOX G3 Heat Pump and EVOX G3 Air Handling Unit (AHU). Available in sizes ranging from 1.5-ton to 5-ton units, the Midea EVOX G3 heat pumps are equipped with Enhanced Vapor Injection (EVI) technology and a multi-layer heat exchanger, guaranteeing reliable warmth without the need for auxiliary heat, even in extreme weather conditions.
China HVAC Market Leaders
-
Carrier Corporation
-
LG Electronics Inc.
-
Panasonic Corporation
-
Lennox International Inc.
-
Hitachi Ltd.
*Disclaimer: Major Players sorted in no particular order
