Top 10 Manufacturers of HVAC Equipment in USA & World in 2022

Top Manufacturers of HVAC Equipment

The purpose of this post is to introduce you to the Top Manufacturers of HVAC Equipment in the U.S. and around the world. 

The quality of your heating and cooling system can determine how enjoyable your summers and winters will be. When buying or remodeling a home, updating the HVAC system or performing maintenance can be high on the priority list, so finding an HVAC company to support your needs should be a priority. It is crucial to know which HVAC professionals are best suited for your needs regardless of the type of HVAC system you own or wish to have.

HVAC is a term standing for Heating, Ventilation, and Air Conditioning. HVAC Equipment includes various types of systems, machines, and technologies that are used to control environmental conditions in buildings, offices, transportation vehicles, and other places where the need to manage the temperature and humidity of the air is crucial.

The most important HVAC system components are the air filter, the condensing unit, the duct, the evaporator coil, the furnace, the heat exchanger, the refrigerant line, the thermostat and the vents.

An overview of HVAC equipment will be provided in this article, including information about their types, components, and suppliers.

List of the Top HVAC Equipment Manufacturers in the U.S.

Below is a list of top HVAC equipment companies based in the United States. Aside from the company name, the table also includes the company’s location, its founding year, and its estimated annual revenue in U.S. dollars.

Company LocationYear Founded

Annual Revenue
Carrier Corporation

Farmington, CT1915$17.8

Goodman Manufacturing Company

Houston, TX

1975

$18

Rheem Manufacturing Company

Atlanta, Georgia

1925--

Trane Inc.

Davidson, NC

2007$11.2

York International Corporation

Norman, OK

1874$23

Lennox International, Inc.

Richardson, TX

1895$3.89

Nortek Global HVAC

O'Fallon, MO

1919$2.5

Carrier Corporation

In 1915, Carrier Corporation was incorporated as an independent American company, producing and distributing HVAC systems. In 1979, Carrier was bought out by United Technologies (UTC). The Carrier brand name is used by UTC Climate, Controls & Security to sell its HVAC and refrigeration solutions directly to customers. In 2017, UTC Climate, Controls & Security generated revenue of USD 17.8 billion.

Goodman Manufacturing Company

In 1975, Goodman Manufacturing, founded in San Antonio, Texas, began manufacturing residential heating and cooling systems. A San Francisco-based private equity firm, Hellman & Friedman, acquired Goodman in October 2007 for $1.8 billion. The Japanese company Daikin Industries Ltd. bought Goodman Global from Hellman & Friedman later in August 2012 for $3.7 billion. The percentage of Daikin’s Air-Conditioning division’s net sales is around 89.8%, calculated as USD 18 billion in revenue.

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Rheem Manufacturing Company 

The Rheem Manufacturing Company is a private American company that manufactures HVAC equipment, as well as water heaters and boilers for residential and commercial purposes. This company is a leading manufacturer of both heating and cooling equipment in the United States, as well as selling products in many countries. Because Rheem is privately held, its actual revenue cannot be determined from public sources.

Trane Inc.

The company offers residential, commercial, industrial, and institutional air conditioning systems, services, and solutions. The company also provides air conditioners, air handlers, ducts, furnaces, and other components.

York International Corporation

A global supplier of HVAC and refrigeration equipment and services, York International, was founded in 1874 in York, Pennsylvania, USA. York International was acquired by Johnson Controls International plc in 2005. York International Corporation designs and manufactures a variety of heating and ventilation products. Products include furnaces, air conditioners, heat pumps, mini-split systems, air handlers, evaporator coils, thermostats, and air handlers.

Lennox International, Inc. 

Lennox International Inc. provides climate-control solutions around the world. A broad range of products is designed, manufactured, and marketed by the company for the HVAC and refrigeration markets. In terms of business operations, the company has heating and cooling for residential and commercial segments as well as refrigeration.

Nortek Global HVAC

This company was founded in 1967 and has its headquarters in Providence, Rhode Island. Residential and commercial customers can find HVAC products and solutions from Nortek Global HVAC. They offer both heating and cooling products, including furnaces and air conditioning units.

List of the Top Global HVAC Equipment Manufacturers 

Below is a list of the world’s top HVAC equipment providers. The table also includes the name of the company, information about the company’s headquarters, and an estimation of its revenue in billions of dollars.

Company Headquarters

Year Founded

Annual Revenue

DaikinOsaka, Japan

1924$22.9

Ingersoll-Rand

Swords, Ireland

1871$15.7

Johnson Controls International

Cork, Ireland

1885$29.4

LG Electronics

Seoul, South Korea

1958$55.76

United Technologies Corporation

Waltham, Massachusetts, United States

1934$59.8

Midea Group

Foshan, China

1968$39.8

ElectroluxStockholm, Sweden

1919$14.15

Mitsubishi Electric Corporation

Tokyo, Japan

1921$41.5

Toshiba Corporation

Tokyo, Japan

1875

$34.4

Samsung Electronics

Suwon, South Korea

1969$221.5

Daikin 

Daikin currently leads the list of the world’s top largest HVAC companies. It engages in the manufacturing of air-conditioning equipment and its own divisions cover both refrigeration and air conditioning. More than 150 countries are served by Daikin’s more than 100 production facilities around the world.

Ingersoll Rand 

An industry leader founded in 1859, Ingersoll Rand today provides a wide range of industrial products, technologies, and related parts and services. Over 30 factories are located across the Americas, Europe, the Middle East, and the Asia Pacific, as well as 35 offices throughout the world. Ingersoll-Rand’s HVAC products and solutions are designed for both the residential and commercial markets. Ingersoll-Rand offers heating and cooling systems.

Johnson Controls International 

Johnson Controls International plc makes fire-fighting equipment, HVAC systems, and security equipment for buildings. The company’s product offerings include air handlers, grilles, louvers, coils, and mini-splits.

LG Electronics 

The Air Conditioning Technologies division of LG Electronics is a leader in the commercial HVAC market. LG’s HVAC products offer superior configuration control as they connect multiple indoor units to a single outdoor unit.

United Technologies Corporation 

Founded in 1934, United Technologies Corporation (UTC) is an American multinational corporation with a variety of business divisions, such as HVAC. Carrier, a global leader in manufacturing and distributing HVAC systems for homes, businesses, retail outlets, transportation, and food services belongs to the company.

Midea 

The largest air conditioner manufacturer in China located in Guangdong is Midea, one of the world’s largest HAVC companies. Midea Group provides HVAC products for both commercial and residential use. Products include a variety of air conditioning units and heaters.

Electrolux 

Electrolux is headquartered in Stockholm and manufactures home appliances. The company is now a worldwide leader in household and professional appliances, selling products in more than 150 countries under its own name and brand names. A variety of HVAC products are sold under the company’s brands, including Frigidaire, Philco, and Kelvinator, making this one of the world’s top 10 HVAC companies.

Mitsubishi Electric Corporation 

Mitsubishi Electric Corporation manufactures heating and cooling equipment. Air conditioners, air handlers, and duct products are among their products.

Toshiba Corporation 

Air conditioning and heating products are produced, installed, and maintained by Toshiba Corporation. They offer HVAC solutions by providing specialized motors, drives, and PACs.

Samsung Electronics

Samsung Electronics Co., Ltd, is headquartered in Suwon, South Korea. The HAVC division of Samsung, also known as the climate solutions division, provides a wide range of products for a variety of end-user applications. Samsung Electronics offers a variety of HVAC products for residential and commercial applications. Among their products are mini-split systems, ducts, heaters and air handlers.

Conclusion

The purpose of this article was to present general information about the top HVAC equipment providers based in the U.S. and around the world. For more information on commercial and industrial HVAC suppliers, visit the HVAC Units Suppliers and Companies in Linquip. Our HVAC Experts in Linquip can provide you with the best information on the products you need for an HVAC or its equipment.

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