VERTICAL AIR CONDITIONING MARKET ANALYSIS

Market News

Recent Developments

New product launches

• In 2023, Cooling India (dedicated to Air Conditioning & Refrigeration (i.e. HVACR) industry, covering in-depth information on this technologically advancing sector) recently launched its new DUALCOOL Inverter air conditioners under its AI+, health and hygiene portfolio.
• In 2022, Daikin Industries launched its new VRV IV S series of vertical air conditioners. The new series features a number of improvements, including more efficient operation, a wider range of capacities, and a more stylish design.
• In 2022, Johnson Controls (The Company offers HVAC equipment, building automation, security, fire detection, batteries, and other related products, as well as building control systems, energy management, and integrated facility management services.) launched its new EcoBlue Evolution series of vertical air conditioners. The new series features a number of energy-efficiency features, including variable-speed compressors and intelligent controls.
• In 2022, Mitsubishi Electric launched its new City Multi series of vertical air conditioners. The new series is designed for use in high-rise buildings and features a number of features that improve energy efficiency and comfort.

Acquisition and partnerships

• In 2022, Daikin Industries acquired McQuay International, a leading provider of commercial air conditioning systems. This acquisition will help Daikin expand its product portfolio and reach new markets.
• In 2022, Johnson Controls partnered with Schneider Electric to develop a new line of intelligent vertical air conditioners. The new line will feature Schneider Electric's EcoStruxure platform, which will allow users to monitor and control the units remotely.
• In 2022, Mitsubishi Electric partnered with Fujitsu General to develop a new line of vertical air conditioners for the Chinese market. The new line will feature Fujitsu General's inverter technology, which will improve the energy efficiency of the units.