HVAC Fan and Evaporator Coil

HVAC Fan and Evaporator Coil Market Outlook

The global HVAC fan and evaporator coil market is projected to reach USD 12.4 billion by 2035, growing at a CAGR of 5.6% from 2025 to 2035. Factors driving this growth include the increasing demand for energy-efficient HVAC systems, heightened awareness of indoor air quality, and the expansion of commercial and residential construction activities worldwide. Moreover, stringent regulations regarding energy consumption and greenhouse gas emissions are prompting manufacturers to innovate and produce advanced HVAC solutions. The rise in disposable income and urbanization in developing regions are further spurring the need for effective climate control systems, subsequently boosting the HVAC fan and evaporator coil market. Overall, these factors create a robust environment for growth within the HVAC industry.

Growth Factor of the Market

One of the primary growth factors for the HVAC fan and evaporator coil market is the increasing focus on energy efficiency. As global warming continues to be a pressing issue, both consumers and regulatory bodies are demanding HVAC systems that not only provide effective cooling and heating but also minimize energy consumption. This trend is further propelled by advancements in technology, leading manufacturers to develop more efficient products that utilize less power while delivering superior performance. In addition to energy efficiency, the ongoing urbanization and population growth in emerging economies create a heightened demand for residential and commercial buildings equipped with modern HVAC solutions. Furthermore, the healthcare sector's increasing need for maintaining specific temperature and humidity levels enhances the market's growth potential. Finally, the rise of smart home technologies is encouraging homeowners to integrate advanced HVAC systems, thereby driving the adoption of innovative fan and evaporator coil solutions.

Key Highlights of the Market

• The global HVAC fan and evaporator coil market is experiencing consistent growth due to urbanization and increased construction activities.
• Energy-efficient HVAC solutions are becoming a priority for consumers and businesses alike, driving technological advancements.
• The healthcare sector's demand for precise temperature control is significantly influencing market trends.
• Smart home technologies are contributing to the integration of advanced HVAC systems, further fueling market expansion.
• Stringent regulations aimed at reducing energy consumption provide a favorable environment for innovative HVAC solutions.

By Product Type

Axial Fans:

Axial fans are characterized by their ability to move air along the axis of the fan blades, making them highly efficient for specific applications. These fans are predominantly used in low-pressure setups, providing significant airflow with relatively low energy consumption. Their design allows for easy installation and maintenance, making them a popular choice in residential and commercial HVAC systems. In addition to their efficiency, axial fans are also recognized for their ability to operate quietly, which is a critical requirement in environments where noise levels must be kept to a minimum, such as hospitals and libraries. The growing trend towards energy-efficient systems is further propelling the demand for axial fans, as they can be effectively utilized in various applications without compromising performance.

Centrifugal Fans:

Centrifugal fans, known for their ability to generate high-pressure airflow, are essential components in many HVAC systems. These fans work by drawing air into the center of the fan and expelling it at a right angle to the intake, which enables them to handle more extensive duct systems efficiently. Their robust performance makes them suitable for a wide range of applications, including industrial settings where high air pressure is necessary. The increasing focus on air quality and ventilation in commercial buildings is driving the demand for centrifugal fans, as they can effectively circulate and filter air, ensuring a comfortable and safe indoor environment. Their versatility and efficiency in various applications contribute to their growing popularity in the HVAC market.

Forward Curved Fans:

Forward curved fans are specifically designed to provide a high volume of airflow across a relatively compact space, making them an optimal choice for applications requiring space efficiency. These fans operate by utilizing blades that curve forward, allowing them to draw in air from behind and push it forward at high velocities. This design enables them to generate significant airflow with lower energy consumption compared to other fan types. With the increasing emphasis on energy conservation and environmental sustainability, forward curved fans are becoming increasingly sought after for use in various HVAC systems, especially in commercial settings where space is limited and efficiency is paramount. Their compact design and high performance make them a popular option among HVAC manufacturers and users alike.

Backward Inclined Fans:

Backward inclined fans are engineered to deliver high efficiency and performance, particularly in high-pressure applications. Their blade design allows for smooth airflow and reduced turbulence, leading to enhanced operational efficiency and lower energy consumption. These fans are commonly utilized in commercial and industrial HVAC systems, where reliability and consistent airflow are crucial. The growing demand for energy-efficient solutions further supports the adoption of backward inclined fans, as they provide superior performance without significantly increasing energy costs. Additionally, their durability and ability to handle various environmental conditions make them an attractive choice for many HVAC applications, solidifying their position in the market.

Inline Fans:

Inline fans are designed to be installed within ductwork, providing a space-saving solution for enhancing airflow in HVAC systems. Their streamlined design allows them to be placed in tight spaces, making them a popular choice in residential and commercial settings where aesthetics and space are considerations. Inline fans are highly effective in boosting airflow and maintaining consistent temperatures throughout a building. The rise in popularity of energy-efficient and compact HVAC solutions has increased the demand for inline fans. Furthermore, these fans offer flexibility in installation and can be easily integrated into existing duct systems, making them a valuable addition to any HVAC setup.

By Application

Residential:

The residential application of HVAC fans and evaporator coils is primarily driven by the increasing demand for effective climate control in homes. With rising disposable incomes and a growing awareness of energy efficiency, homeowners are increasingly investing in advanced HVAC systems that provide superior performance and comfort. The need for improved air quality and temperature regulation is propelling the installation of efficient fans and evaporator coils in residential settings. Furthermore, the growing trend of smart homes is encouraging homeowners to adopt modern HVAC solutions equipped with energy management systems, which further boosts the market for HVAC fans and evaporator coils in this segment. Overall, the residential sector represents a significant growth opportunity for manufacturers operating in this industry.

Commercial:

The commercial sector is a major contributor to the HVAC fan and evaporator coil market, driven by the need for effective climate control in office buildings, retail spaces, and other commercial establishments. As businesses prioritize employee comfort and productivity, the demand for reliable and energy-efficient HVAC systems is rising. The increasing awareness of indoor air quality and its impact on health is also driving commercial establishments to invest in advanced HVAC solutions that can provide optimal ventilation and temperature control. Furthermore, the trend towards sustainable building practices is pushing architects and builders to integrate energy-efficient HVAC systems into new commercial constructions, further enhancing the demand for HVAC fans and evaporator coils in this segment.

Industrial:

In the industrial sector, the demand for HVAC fans and evaporator coils is primarily driven by the need for effective air circulation and temperature regulation in manufacturing facilities. These systems play a critical role in maintaining optimal working conditions, ensuring the safety and comfort of employees while also protecting sensitive equipment and materials from heat-related damage. The increasing focus on energy efficiency and sustainability in industrial operations is pushing manufacturers to adopt advanced HVAC solutions that minimize energy consumption while maximizing performance. As industries continue to expand and modernize, the demand for high-performance fans and evaporator coils is expected to grow significantly, providing substantial opportunities for market players.

Automotive:

In the automotive sector, HVAC systems are essential for maintaining passenger comfort and safety in vehicles. The growing demand for electric and hybrid vehicles is driving advancements in automotive HVAC technologies, including the integration of energy-efficient fans and evaporator coils. As manufacturers strive to enhance the driving experience, there is increasing emphasis on climate control systems that provide precise temperature management without compromising energy efficiency. The rising trend of autonomous vehicles is further influencing the development of advanced HVAC systems, creating opportunities for innovation in fan and evaporator coil technologies. Overall, the automotive application of HVAC fans and evaporator coils is poised for significant growth as the industry evolves.

Healthcare:

The healthcare industry places a high priority on maintaining specific temperature and humidity levels in hospitals and clinics to ensure patient comfort and safety. HVAC systems equipped with advanced fans and evaporator coils play a vital role in achieving these standards. The increasing focus on infection control and indoor air quality in healthcare facilities is driving the demand for efficient HVAC solutions that can effectively circulate and filter air. As hospitals and healthcare providers invest in modern infrastructure and technology, the demand for specialized HVAC systems tailored to the unique needs of the healthcare environment is expected to grow substantially. This trend presents significant opportunities for HVAC fan and evaporator coil manufacturers to develop innovative solutions that cater to this critical sector.

By Distribution Channel

OEMs:

Original Equipment Manufacturers (OEMs) play a crucial role in the HVAC fan and evaporator coil market, as they are responsible for producing and integrating these components into complete HVAC systems. The partnership between manufacturers and OEMs ensures that the latest technologies and energy-efficient solutions are incorporated into new HVAC units, driving market growth. The increasing demand for advanced HVAC products in residential, commercial, and industrial applications has led to a stronger collaboration between OEMs and HVAC component suppliers. This relationship enhances the innovation and development of high-performance fans and evaporator coils, making OEMs a significant distribution channel in the HVAC market.

Aftermarket:

The aftermarket segment of the HVAC fan and evaporator coil market is driven by the need for replacement parts and upgrades in existing HVAC systems. As HVAC systems age, the demand for repair and maintenance services increases, providing opportunities for aftermarket suppliers to meet the needs of customers seeking reliable and efficient components. The growing trend towards preventive maintenance and proactive upgrades is further boosting the aftermarket segment, as facility managers and homeowners recognize the importance of maintaining optimal HVAC performance. Additionally, the expansion of e-commerce platforms has made it easier for consumers to access aftermarket products, further contributing to the growth of this distribution channel.

By Material Type

Aluminum:

Aluminum is a widely used material in the manufacturing of HVAC fans and evaporator coils due to its lightweight properties and excellent corrosion resistance. Its ability to conduct heat efficiently makes it an ideal choice for evaporator coils, ensuring optimal heat exchange and energy efficiency. Additionally, aluminum is easily formed and fabricated, allowing for diverse design possibilities in fan and coil manufacturing. The growing emphasis on energy-efficient HVAC solutions is driving the demand for aluminum components, as they contribute to lower energy consumption and improved performance. Consequently, the aluminum segment is expected to witness significant growth as manufacturers continue to innovate and enhance their products.

Copper:

Copper is another important material used in HVAC fan and evaporator coil manufacturing, particularly for its superior thermal conductivity and durability. Copper components are known for their efficiency in heat transfer, making them highly effective in evaporator coils where optimal thermal performance is essential. Copper also has natural antimicrobial properties, which can improve indoor air quality by reducing the growth of harmful bacteria. The increasing focus on energy efficiency and sustainable building practices is driving the demand for copper coils, as they can enhance the overall performance of HVAC systems. As market players prioritize innovation, the copper segment is expected to see substantial growth in the coming years.

Stainless Steel:

Stainless steel is favored in the HVAC industry for its strength, durability, and resistance to corrosion. These properties make it an ideal choice for components that require long lifespans and consistent performance in various environmental conditions. Stainless steel fans and coils can withstand high temperatures and pressures, making them suitable for industrial applications where durability is paramount. The growing demand for efficient and reliable HVAC solutions in commercial and industrial sectors is driving the adoption of stainless steel components. As manufacturers continue to develop advanced HVAC systems, the stainless steel segment is anticipated to experience steady growth, supported by its unique advantages over other materials.

Others:

The "Others" segment encompasses various materials used in specialized HVAC applications, including plastic, fiberglass, and composite materials. Each of these materials offers unique benefits that cater to specific needs in the HVAC industry. For instance, plastic components are lightweight and resistant to corrosion, making them suitable for specific low-pressure applications. Fiberglass is known for its excellent insulation properties, contributing to energy efficiency in HVAC systems. As the market evolves and manufacturers seek to innovate, the demand for alternative materials in HVAC fan and evaporator coil production is expected to grow, fueled by their unique properties and applications.

By Region

The North American HVAC fan and evaporator coil market is projected to witness a steady growth rate, attributed to the increasing demand for energy-efficient heating and cooling systems. With a projected CAGR of 5.2% from 2025 to 2035, the region is experiencing a positive shift towards smart HVAC technologies that enhance indoor air quality and energy management. The ongoing expansion of the construction sector and rising residential and commercial building activities are further driving the demand for HVAC solutions in this region. Additionally, the implementation of stringent energy efficiency regulations by government agencies is encouraging manufacturers to innovate and develop advanced HVAC products that align with these standards, contributing to the overall market growth.

In Europe, the HVAC fan and evaporator coil market is expected to grow at a robust pace, with a forecasted CAGR of 5.5% during the same period. The region's commitment to sustainability and energy efficiency is propelling the adoption of advanced HVAC systems that minimize energy consumption while ensuring optimal performance. The growing emphasis on indoor air quality and comfort in residential, commercial, and industrial applications is driving the demand for reliable HVAC solutions. Furthermore, the implementation of various regulations aimed at reducing carbon emissions and promoting energy-efficient technologies will bolster the market in Europe, presenting substantial opportunities for manufacturers and suppliers.

Opportunities

The HVAC fan and evaporator coil market is poised for significant opportunities, particularly in the context of technological advancements. The increasing adoption of smart home technologies is creating a growing demand for HVAC systems that integrate IoT capabilities, allowing homeowners to monitor and control their heating and cooling systems remotely. This trend not only enhances user convenience but also promotes energy efficiency, leading to reduced utility costs. As manufacturers invest in developing smart HVAC solutions, there is a tremendous opportunity for innovation in fan and evaporator coil design, focusing on improved performance, reliability, and energy savings. Additionally, the shift toward green building practices is encouraging the adoption of energy-efficient HVAC solutions, providing a favorable environment for growth in this sector.

Moreover, the expansion of the HVAC market in emerging economies represents a significant opportunity for industry players. As urbanization and population growth continue to drive the demand for residential and commercial buildings in countries such as India, Brazil, and China, the need for efficient HVAC systems becomes increasingly critical. Manufacturers can leverage this trend by developing cost-effective and energy-efficient HVAC solutions tailored to the unique needs and preferences of consumers in these regions. By establishing strategic partnerships and expanding distribution channels, companies can successfully penetrate these high-growth markets and capitalize on the rising demand for HVAC fans and evaporator coils.

Threats

One of the primary threats to the HVAC fan and evaporator coil market is the increasing competition from low-cost manufacturers, particularly in emerging markets. As consumers become more price-sensitive, there is a growing tendency to opt for cheaper alternatives, potentially compromising quality and performance. This trend can lead to price wars among manufacturers, negatively impacting profit margins and market stability. Additionally, low-cost manufacturers may prioritize cost-cutting measures over innovation and quality control, which can further strain the market as consumers increasingly expect higher standards in HVAC performance. To counter this threat, established manufacturers need to emphasize the quality, efficiency, and reliability of their products while also exploring opportunities for cost reduction through technological advancements.

Another significant restraining factor for the market is the volatility of raw material prices. Fluctuations in the cost of key materials, such as aluminum, copper, and stainless steel, can impact manufacturing costs and, consequently, the pricing of HVAC fans and evaporator coils. As manufacturers grapple with rising material costs, they may be forced to pass these expenses onto consumers or compromise product quality, leading to potential customer dissatisfaction. Additionally, supply chain disruptions, exacerbated by global events such as pandemics or geopolitical tensions, can further impact the availability of essential materials, creating uncertainty in production schedules and delivery timelines. To mitigate this risk, manufacturers must adopt effective supply chain management strategies and explore alternative materials that can maintain product performance while minimizing cost fluctuations.

Competitor Outlook

• Trane Technologies
• Carrier Global Corporation
• Daikin Industries, Ltd.
• Mitsubishi Electric Corporation
• Lennox International Inc.
• Johnson Controls International plc
• Rheem Manufacturing Company
• York International Corporation
• Goodman Manufacturing Company, L.P.
• Emerson Electric Co.
• Honeywell International Inc.
• LG Electronics
• Panasonic Corporation
• Friedrich Air Conditioning Co.
• American Standard Companies Inc.

The competitive landscape of the HVAC fan and evaporator coil market is marked by the presence of several key players, each vying for market share through innovation, product differentiation, and strategic collaborations. The industry is characterized by technological advancements aimed at enhancing energy efficiency and performance, which enables manufacturers to cater to the evolving demands of consumers. Companies are increasingly investing in research and development to create advanced HVAC solutions that utilize smart technologies and improve indoor air quality. Additionally, the growing trend towards sustainability has prompted companies to focus on eco-friendly manufacturing processes and energy-efficient product offerings, ensuring they remain competitive in a rapidly changing market landscape.

Key players such as Trane Technologies and Carrier Global Corporation are leading the industry by consistently introducing innovative HVAC solutions designed to enhance system efficiency and performance. Trane Technologies, for instance, has made significant strides in developing advanced HVAC systems that integrate IoT capabilities, enabling users to monitor and control their heating and cooling systems remotely. Carrier Global Corporation has similarly focused on delivering energy-efficient solutions while emphasizing sustainability in its manufacturing processes. These industry leaders are setting the benchmark for quality and innovation, compelling other market players to enhance their offerings to remain competitive.

In addition to established manufacturers, emerging companies are entering the HVAC fan and evaporator coil market, seeking to capture market share through competitive pricing and unique product offerings. For example, companies like Goodman Manufacturing Company, L.P. and Rheem Manufacturing Company are gaining traction by providing cost-effective HVAC solutions tailored to the needs of residential consumers. These companies are leveraging their manufacturing capabilities to produce affordable yet highly efficient HVAC components that cater to a broad customer base. As market competition intensifies, players must continuously adapt their strategies to address changing consumer preferences while maintaining quality and performance standards.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 LG Electronics
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Trane Technologies
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Emerson Electric Co.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Panasonic Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Daikin Industries, Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Lennox International Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Carrier Global Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Rheem Manufacturing Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Honeywell International Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Friedrich Air Conditioning Co.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 York International Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Mitsubishi Electric Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 American Standard Companies Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Johnson Controls International plc
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Goodman Manufacturing Company, L.P.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 HVAC Fan and Evaporator Coil Market, By Application
    • 6.1.1 Residential
    • 6.1.2 Commercial
    • 6.1.3 Industrial
    • 6.1.4 Automotive
    • 6.1.5 Healthcare
  • 6.2 HVAC Fan and Evaporator Coil Market, By Product Type
    • 6.2.1 Axial Fans
    • 6.2.2 Centrifugal Fans
    • 6.2.3 Forward Curved Fans
    • 6.2.4 Backward Inclined Fans
    • 6.2.5 Inline Fans
  • 6.3 HVAC Fan and Evaporator Coil Market, By Material Type
    • 6.3.1 Aluminum
    • 6.3.2 Copper
    • 6.3.3 Stainless Steel
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 HVAC Fan and Evaporator Coil Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global HVAC Fan and Evaporator Coil market is categorized based on

By Product Type

• Axial Fans
• Centrifugal Fans
• Forward Curved Fans
• Backward Inclined Fans
• Inline Fans

By Application

• Residential
• Commercial
• Industrial
• Automotive
• Healthcare

By Material Type

• Aluminum
• Copper
• Stainless Steel
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Trane Technologies
• Carrier Global Corporation
• Daikin Industries, Ltd.
• Mitsubishi Electric Corporation
• Lennox International Inc.
• Johnson Controls International plc
• Rheem Manufacturing Company
• York International Corporation
• Goodman Manufacturing Company, L.P.
• Emerson Electric Co.
• Honeywell International Inc.
• LG Electronics
• Panasonic Corporation
• Friedrich Air Conditioning Co.
• American Standard Companies Inc.