Carrier Global Corporation is a global provider of climate and energy solutions, specializing in heating, ventilation, and air conditioning (HVAC) and transport refrigeration. Originally founded in 1915 and spun off from United Technologies in 2020, the company operates through geographic and functional segments, including Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. Carrier's product portfolio encompasses air conditioners, heating systems, heat pumps, building energy management systems, and aftermarket components. The company also provides transport refrigeration and monitoring products for trucks, trailers, and shipping containers under the Carrier Transicold and Sensitech brands.
In 2024, Carrier completed a strategic portfolio transformation to become a pure-play climate company. This involved the acquisition of Viessmann Climate Solutions to bolster its European presence and heat pump offerings, alongside the divestiture of its Commercial and Residential Fire, Industrial Fire, Global Access Solutions, and Commercial Refrigeration businesses. Historically, the company operated through three segments: HVAC, Refrigeration, and Fire & Security, with HVAC accounting for approximately 67% of revenue in 2023. Following the divestitures, the company generates the vast majority of its revenue from its core HVAC operations, driven by demand for commercial HVAC systems, aftermarket services, and energy-efficient climate control technologies. Carrier distributes its products under several brands, including Carrier, Viessmann, Toshiba, Automated Logic, and Bryant, serving a diverse global customer base across residential, commercial, and transportation markets.
