Carrier Global manufactures and sells HVAC systems and cold chain refrigeration equipment. In HVAC, Carrier sells residential and commercial systems — including heat pumps, air conditioners, boilers, chillers, and building management systems — under brands including Carrier, Viessmann, Toshiba, Bryant, and Heil. In cold chain, Carrier's Transicold division makes refrigeration units for trucks, trailers, and shipping containers under the Carrier Transicold and Sensitech brands. Carrier sells through distributors, dealers, wholesalers, and contractors, with a direct sales force for commercial accounts. Carrier reports through four geographic segments: Climate Solutions Americas (CSA), Climate Solutions Europe (CSE), Climate Solutions Asia Pacific, Middle East & Africa (CSAME), and Climate Solutions Transportation (CST). Equipment sales drive roughly 72% of revenue, with the remaining 28% from parts, service contracts, and aftermarket. Carrier is actively growing its aftermarket business, including connected chillers and Lynx digital monitoring subscriptions for transport refrigeration. In 2024, Carrier acquired Viessmann Climate Solutions for ~$12B and divested its Fire & Security and Commercial Refrigeration businesses, reshaping into a pure-play HVAC and cold chain company. A fast-growing data center cooling business — reaching ~$1B in revenue in 2025 — has become a key commercial HVAC growth driver, with Carrier targeting ~$1.5B in 2026. Carrier targets 6–8% organic growth over the medium term, led by commercial HVAC and aftermarket.