The Japan HVAC Market size is estimated at USD 17.41 billion in 2024, and is expected to reach USD 22.75 billion by 2029, growing at a CAGR of 5.49% during the forecast period (2024-2029).
The Japanese 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 strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Carrier Corporation, Daikin Industries Ltd, Mitsubishi Electric Corporation, Hitachi Ltd, Panasonic Corporation, and many more.
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