The China HVAC Market size is estimated at USD 51.17 billion in 2024, and is expected to reach USD 74.60 billion by 2029, growing at a CAGR of 7.83% during the forecast period (2024-2029).
The China HVAC 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 partnerships, collaborations, mergers, and acquisitions. Some of the prominent players include Hitachi Ltd, Lennox International Inc., Panasonic Corporation, LG Electronics Inc., Carrier Corporation, and many more.
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