The Asia Pacific Commercial HVAC Market size is estimated at USD 76.39 billion in 2024, and is expected to reach USD 108.92 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).
The Asia-Pacific commercial HVAC market is highly competitive, with several global and regional players. The players are emphasizing strategic initiatives like innovations, partnerships, mergers, and acquisitions to fulfill the surging demand of the HVAC market in the commercial sectors. Besides global players, the regional players offer HVAC equipment and services with highly advanced technologies at competitive prices. The key market players include Daikin Industries Ltd, Carrier Corporation, Midea Group Co. Ltd, Mitsubishi Electric, and Samsung HVAC LLC.
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