Residential HVAC Market Share

Market Share of Residential HVAC Industry

The Residential HVAC Market appears semi-consolidated, with large vendors such as Daikin Industries Ltd., Carrier Corporation, Robert Bosch, Mitsubishi Electric, and Johnson Controls. With growing urbanization, a shift in consumer preferences, and demand for energy-efficient systems increased the investment in the market. The major market players offer advanced and smart HVAC systems and rapidly indulge in mergers and acquisitions to increase the consumer base and product offerings.

• January 2023 - Johnson Controls-Hitachi Air Conditioning announced the launch of the air365 Max designed with energy efficiency, seamless comfort, and workable features. The air365 Max will be available in Latin America, Southeast Asia, and the Middle East in January and later in Europe, New Zealand, Australia, North America, and other regions.

Residential HVAC Market Leaders

1. Daikin Industries Ltd

2. Midea Group

3. Gree Electric Appliances

4. Trane Technologies

5. Carrier

*Disclaimer: Major Players sorted in no particular order