6 December 2023
Under the Radar: Why is Carrier Corporation transforming itself as a pure-play, global leader in intelligent climate and energy solutions, and what opportunities does it see in the HVAC market in Singapore?
This conversation is set to help you cool down in sunny Singapore.
Our guest for today is Carrier Corporation, which is a leading global provider of sustainable and intelligent building and cold chain solutions.
The firm is mainly focused on three business areas, namely heating, ventilation and cooling or HVAC, refrigeration and fire and security.
In total, the segments generate US$20.4 billion in net sales for the year of 2022, with Asia Pacific contributing some 17% to the figure.
With the global heating, ventilation and cooling (HVAC) system market projected to grow to US$228.74 billion by 2030, how does Carrier intend to capture growth looking ahead?
What is its area of focus within Asia and particularly in the Southeast Asian markets of Singapore, Malaysia and Brunei?
Meanwhile, Carrier had in April announced strategic actions to transform its business portfolio and establish itself as a pure-play, global leader in intelligent climate and energy solutions. But what were the reasons behind that?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to  Chong Wai Yen, Managing Director, Carrier Corporation.

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