The China Commercial HVAC Market size is estimated at USD 9.14 billion in 2024, and is expected to reach USD 13.75 billion by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029).
The Chinese commercial HVAC market is fragmented, with the presence of major players like Daikin Industries Ltd, Carrier Corporation, Robert Bosch GmbH, Johnson Controls International PLC, Mitsubishi Electric Hydronics & IT Cooling Systems SpA, and System Air AB. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.
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