Rising emphasis on modernization, smart facility management, and energy efficiency is driving the global commercial units market, valued at USD 42.3 billion in 2024. North America dominates the global commercial units market, holding the largest share due to advanced HVAC and refrigeration infrastructure, high adoption in commercial and industrial buildings, and strong demand for energy-efficient solutions. Europe holds a significant portion of the market, driven by stringent energy efficiency regulations, modernization of commercial facilities, and adoption of advanced technologies. Asia-Pacific is witnessing rapid expansion, with rising urbanization in China, India, and Southeast Asia fueling demand for commercial units in offices, retail, and hospitality sectors, and India expected to grow at a notable CAGR over the coming years.
Commercial Units overview
Published by MMR Statistics Research Team, Updated