Market Share of Italy HVAC Industry
The Italy HVAC market is fragmented, with the presence of significant players like Carrier Corporation, Daikin Industries, Ltd., Midea Group Co., Ltd., Johnson Controls International PLC, and Robert Bosch GmbH, among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.
- June 2024: L.G. Electronics Inc. has partnered with universities in Italy to form a European consortium dedicated to advanced heat pump research. The initiative aims to bolster the performance of L.G.'s HVAC products, particularly in low-temperature climates. In Italy, attaining optimal heating efficiency poses a challenge, primarily stemming from the complexities of compressing refrigerants at lower pressures. In response, L.G. spearheaded a consortium to design heat pumps that excel in heating, even in the harshest cold climates.
- September 2023: BDR Thermea Group, the innovative indoor climate solutions provider, is set to acquire a 25% stake in G.I. Holding, renewable energy-driven climate solutions for commercial and industrial sectors provider. BDR Thermea Group has already been marketing G.I. Holding's medium- to high-capacity heat pumps across Italy, Spain, and Portugal under its BAXI brand. This strategic move bolsters BDR Thermea Group's portfolio in heating and cooling solutions for industrial, commercial, and multi-residential buildings and extends G.I. Holding's new technology to a broader customer base.
Italy HVAC Market Leaders
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Carrier Corporation
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Daikin Industries, Ltd.
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Midea Group Co., Ltd.
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Johnson Controls International PLC
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Robert Bosch GmbH
*Disclaimer: Major Players sorted in no particular order
