Market Share of Europe Commercial HVAC Industry
The European commercial HVAC market is very competitive. It is highly concentrated due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are Johnson Controls Corporation, Midea Group, Carrier Corporation, Daikin Industries Limited, and Bosch Thermotechnology Corporation. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative products to earn a competitive edge during the forecast period.
- April 2024: Mitsubishi Electric Corporation declared its subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems. Mitsubishi Electric Europe BV fully acquired AIRCALO, a French air-conditioning company. Mitsubishi Electric plans to utilize AIRCALO's wide range of products and excellent customization abilities to enhance and grow its hydronic HVAC systems business in the changing European market, including meeting the high demand for customized products and environmental consciousness.
- March 2024: Daikin Europe NV, a European subsidiary of Daikin Industries Ltd, announced the acquisition of BKF Klima, a Danish heating, ventilation, and air conditioning (HVAC) distributor and previously part of Beijer REF. At Daikin's new offices in Brøndby, Denmark, the company will also open two new facilities, including a Daikin Training Center for installers and a Daikin Experience Center for consumers. This strategic acquisition will further enable Daikin to leverage its extensive R&D expertise in low-carbon HVAC solutions for the region.
Europe Commercial HVAC Market Leaders
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Johnson Controls Corporation
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Midea Group
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Carrier Corporation
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Daikin Industries
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Bosch Thermotechnology Corporation
*Disclaimer: Major Players sorted in no particular order
