Lucintel’s latest market report analyzed that Chinese HVAC equipment provides attractive opportunities in the residential and commercial construction industries. The Chinese HVAC equipment market is expected to reach $78.1 billion by 2028 with a CAGR of 5.8%. In this market, room AC is the largest segment by product type, whereas residential is largest by end use. The increasing use of green HVAC, and increasing use of air purification technology provides strategic growth path in this market.
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Based on product type, the Chinese HVAC equipment market is segmented into urnace, heat pump, central AC, room AC and others. The room AC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to a higher rate of urbanization and a higher demand for energy efficient HVAC equipment.
Browse in-depth TOC on “Chinese HVAC Equipment Market”
31 – Tables
61 – Figures
120 – Pages
The Chinese HVAC Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering Chinese HVAC equipment include Gree Electric Appliances, GD Midea, and Haier.
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