North America Commercial Heating, Ventilation, And Air Conditioning (HVAC) Equipment Market Share

Market Share of North America Commercial Heating, Ventilation, And Air Conditioning (HVAC) Equipment Industry

The North American commercial heating, ventilation, and air conditioning (HVAC) equipment 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 mergers and acquisitions, partnerships, and collaborations. Some of the major players include Mitsubishi Electric Hydronics & IT Cooling Systems, Carrier Corporation, Midea Group, Rheem Manufacturing Company Inc., Daikin Industries Ltd, Johnson Controls, Fujitsu Limited, and LG Corporation.

February 2024: Rheem introduced its latest heat pump, the Endeavor Line Classic Plus Series Universal Heat Pump RD17AZ. The Rheem RD17AZ, which is ENERGY STAR certified, has been recognized as the most efficient unit for 2024, even in cold weather conditions. This heat pump is compatible with almost any HVAC system or can be used as a Universal Replacement with minimal modifications.

January 2024: Carrier announced acquiring Viessmann Climate Solutions from the Viessmann Group. This acquisition will strengthen its position in intelligent climate and energy solutions.

December 2023: Daikin launched new expansion valve kits and a control box to connect Daikin DX (Direct eXpansion) outdoor units with air handling units. Operating with refrigerant R-32 and R410a, these kits offer an energy-efficient and low-carbon solution for heating, cooling, and fresh air control to ensure optimal comfort in any commercial space.

North America HVAC Equipment Market Leaders

1. Daikin Industries, Ltd

2. Mitsubishi Electric Corporation

3. Johnson Controls 

4. Carrier Global Corporation

5. Trane Technologies Company, LLC

*Disclaimer: Major Players sorted in no particular order