Zhuhai Gree Electric Appliance

What Zhuhai Gree Electric Appliance does

Zhuhai Gree Electric Appliance, founded in 1991 in Zhuhai, Guangdong, and listed on the Shenzhen Stock Exchange (000651) since November 1996, is one of China's largest HVAC and home appliance manufacturers, with Q1-Q3 2025 revenue of 137.554 billion CNY and 15.59% net margin. The company designs, manufactures, and sells residential split and window air conditioners, home central air conditioning systems, commercial centrifugal chillers (CE, CVT, CVS, CVE, CVP series), screw chillers, multi-connected VRF systems, refrigerators, washing machines, water heaters, air purifiers, dishwashers, photovoltaic-storage air conditioning systems, and lithium titanate battery energy storage systems. Its core technology is built on proprietary compressor innovation, including magnetic levitation centrifugal compressors (up to 18,000 RPM, 97.5% peak efficiency), three-cylinder dual-stage variable capacity compressors, photovoltaic direct-drive variable frequency chillers, SiC MOSFET power semiconductors, and the G-PLC no-communication-cable multi-connected protocol, supported by 50 internationally leading technologies, approximately 130,000 patents, 15 research institutes, and 929 laboratories.

Gree serves a dual market: residential consumers (through 27 domestic sales companies, 30,000+ terminal stores, 1,012+ Dong Mingzhu Health Home retail stores, Tmall/JD/Suning flagship stores, and the mall.gree.com platform) and commercial/industrial customers (through direct sales, 500+ overseas distributors, and regional subsidiaries in 190+ countries). The international self-owned brand ratio reached 70% in 2025, up from below 30% in 2015. Gree leads China's central air conditioning market for 12 consecutive years, ranks #1 globally in residential split AC retail volume (2024), and supplies landmark projects including the Beijing Olympics, Beijing Daxing Airport, Hong Kong-Zhuhai-Macao Bridge, Huawei and JD data centers, Xi'an Metro Line 6, and the National Aquatics Center. The company also operates industrial products (compressors, motors, capacitors, SiC chips, intelligent equipment, and robots) and runs the Zero Carbon Healthy Home ecosystem integrating photovoltaic generation, energy storage, and HVAC into a unified smart home platform, with 1.776 trillion CNY in cumulative dividends paid since IPO signaling mature cash generation.

Name

Zhuhai Gree Electric Appliance

Legal name

珠海格力电器股份有限公司

Website

https://gree.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Zhuhai Gree Electric Appliance is a Chinese HVAC and home appliance manufacturer (Shenzhen-listed, founded 1991) that designs, produces, and sells air conditioners, commercial chillers, home appliances, photovoltaic energy systems, and lithium titanate batteries, serving residential consumers through 30,000+ retail stores and commercial/industrial customers in 190+ countries.

Ownership category

akta.pro rank

Product category

HVAC and Home Appliances

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Major Household Appliance Manufacturing (33522), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Household Appliances (3630), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

Air Handling Units (AHUs) & Rooftop Units (RTUs) (IMADANAA)

akta.pro secondary industries

Heat Pump & Smart HVAC Controller Integration (HSAOANAD), Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security) (EUAEADAK), Smart Air Quality Sensors, Purifiers & Humidifier/Dehumidifier Integration (HSAOANAH)

Keywords

• Residential air conditioning
• Commercial HVAC systems
• Compressor manufacturing
• Home appliances
• Photovoltaic cooling systems

Headquarters

HQ city

Xiangzhou

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Residential Air Conditioning: Home air conditioners including window units, split systems, central air conditioning for residences. Core revenue driver with market-leading position in China.
2. Commercial Central Air Conditioning: Large-scale central air conditioning systems including centrifugal chillers, multi-connected systems, screw machines, module units for commercial buildings, hospitals, schools, shopping malls, data centers, and industrial facilities. Leading market share in China for 12 consecutive years.
3. Home Appliances: Refrigerators, washing machines, water heaters, air purifiers, kitchen appliances, dishwashers, range hoods, induction cookers, rice cookers, and other lifestyle products.
4. Industrial Products: Compressors, motors, capacitors, enameled wire, intelligent equipment industrial robots, molds, and valves for B2B customers.
5. Photovoltaic and Energy Storage Systems: Photovoltaic air conditioning systems, energy storage systems, and zero-carbon home solutions for residential and commercial energy independence.
6. After-Sales Service: Warranty services, maintenance, repairs, and spare parts for all product categories. Service hotline 95082.
7. Engineering and Installation Services: Building机电工程总承包 (electromechanical general contracting), electrical engineering, fire facilities, and intelligent building systems through subsidiary Zhuhai Gree Mechanical and Electrical Engineering Co.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels10 records

Core offering

Zhuhai Gree Electric Appliance is a Chinese publicly listed manufacturer and global supplier of HVAC equipment, home appliances, compressors, motors, and photovoltaic-integrated energy systems. The company designs, produces, and sells residential and commercial air conditioning, refrigerators, washing machines, water heaters, dishwashers, air purifiers, and other lifestyle products, alongside industrial components and zero-carbon energy solutions for both consumer and enterprise customers.

Product overview

Gree Electric Appliances of Zhuhai is a diversified technology industrial group offering a broad portfolio of consumer and commercial products. For residential users, the core offerings include home air conditioners (家用空调), home central air conditioning (家庭中央空调), refrigerators (晶弘魔法冰箱), washing machines/heat pump care machines (热泵洗护机), water heaters (热水器/空气能热水器), air purifiers (格力·猎手II空气净化器), dishwashers (鲸焕/鲸湃系列洗碗机), and smart home products managed through the 格力+ (Gree+) app. For commercial users, Gree provides commercial central air conditioning systems (CE/CVT/CVS/CVE/CVP series centrifugal chillers), photovoltaic storage air conditioning systems, modular machines, rooftop machines, refrigeration and freezing equipment, terminal air handling units, and heating products. Gree also operates the 零碳健康家 (Zero Carbon Healthy Home) platform integrating photovoltaic energy, storage, and smart home management, alongside the 格力董明珠店 e-commerce platform. Industrial products include compressors, motors, molds, and intelligent equipment. Sub-brands include 晶弘 (Jinghong) for refrigerators, 大松 (TOSOT) for lifestyle appliances, and 格力·国风 for traditional-style products. The product ecosystem spans from core air conditioning to comprehensive home appliance and smart energy management.

Differentiator

Problem solved

Functional benefit

Brands

• 晶弘 (Jinghong): Refrigerator and freezer brand under Gree, featuring technologies like instant freezing and fresh-keeping capabilities
• 大松 (TOSOT)
• 格力钛 (Gree Titanium)
• 格力泰山 (Gree Taishan)
• 格力+ (Gree+)

Products and services

• Home Air Conditioners (家用空调) Residential split-type and window air conditioners for household cooling and heating; Gree's flagship product category with 10-year free warranty and global No. 1 retail volume position in 2024.
• Home Central Air Conditioning (家庭中央空调) Central air conditioning systems for residential buildings providing unified cooling and heating for entire homes, using DC inverter multi-connected technology.
• Home Appliances (生活电器) Residential lifestyle and kitchen appliances including air purifiers, dishwashers, water purifiers, rice cookers, induction cookers, range hoods, and small home appliances sold under TOSOT and Gree sub-brands.
• Refrigerators (冰箱) - Jinghong Sub-brand Refrigerators and freezers sold under the Jinghong (晶弘) sub-brand, featuring -5°C instant freezing and -3°C tender-freezing fresh-keeping technology (嫩冻凝鲜), and 3D dual-system refrigeration (Snow Dragon 508L) for embedded installation.
• Washing Machines / Heat Pump Care Machines (洗衣机/热泵洗护机) Washing machines including heat pump care machines with 37°C low-temperature heat pump gentle drying technology for non-damaging fabric care.
• Water Heaters / Air Energy Water Heaters (热水器/空气能热水器) Water heating products including conventional water heaters and energy-efficient air-source heat pump water heaters for residential and commercial applications.
• Zero Carbon Healthy Home (零碳健康家) Platform Integrated smart home ecosystem combining photovoltaic power generation, energy storage, and home appliance management for zero-carbon residential living, managed through the Gree+ app.
• Photovoltaic Storage Air Conditioning System (光储空调系统) Photovoltaic-integrated air conditioning systems combining clean solar power generation, safe energy storage, and efficient air conditioning for residential, commercial, and industrial applications.
• Commercial Central Air Conditioning (商业中央空调) Large-scale central air conditioning systems for commercial buildings, hospitals, schools, shopping malls, data centers, and industrial facilities including centrifugal chillers, multi-connected units, screw machines, and modular units.
• CVT Series High-Efficiency Permanent Magnet Synchronous Variable Frequency Centrifugal Chillers (CVT系列) High-efficiency centrifugal chillers with high-speed motor direct-drive two-stage impeller, wide-range pneumatic design, and permanent magnet synchronous motor with up to 97.5% efficiency and 18,000 RPM capability.
• CVS Series Photovoltaic Direct-Drive Variable Frequency Centrifugal Chillers (CVS系列) Photovoltaic direct-drive centrifugal chillers with five operating modes and proprietary G-PLC communication technology, achieving 99% photovoltaic direct-drive utilization rate and 6-8% efficiency improvement over conventional grid-connected AC systems.
• CVP Series Permanent Magnet Synchronous Variable Frequency Centrifugal Heat Pump Units (CVP系列) Heat pump units that provide heating by converting low-grade waste heat into high-grade thermal energy, suitable for industrial waste heat recovery, power plant exhaust heat, municipal sewage heat, and geothermal applications.
• CVE Series Permanent Magnet Synchronous Variable Frequency Centrifugal Chillers (CVE系列) Permanent magnet synchronous variable frequency direct-drive centrifugal chillers that improve annual comprehensive efficiency by over 65% and save energy by over 40% versus conventional chillers, used in large office buildings, hospitals, and shopping malls.
• CE Series Centrifugal Chillers (CE系列) Centrifugal liquid chilling units using R134a eco-friendly refrigerant, featuring high efficiency, safety, reliability, stable operation, and wide adjustment range, AHRI certified for large commercial applications.
• Industrial Products (工业制品) Industrial components and equipment including compressors, motors, capacitors, enameled wire, intelligent equipment, industrial robots, molds, and valves manufactured for B2B industrial customers.
• Commercial Water Dispensers (商业饮水机) Commercial-grade water dispensers for office buildings, institutions, and public facilities.
• Commercial Air Energy Water Heaters (商业空气能热水器) Commercial air-source heat pump water heaters designed for hotels, hospitals, industrial facilities, and other commercial applications requiring high-volume hot water.
• Refrigeration and Freezing Series (冷凝冷藏系列) Commercial refrigeration and cold storage products for warehouses, logistics, supermarkets, and transportation, including small cold storage, large cold storage, and specialized refrigeration equipment.
• Jingpai Series Built-in Dishwashers (鲸派系列) Built-in dishwashers featuring patented dual-drive cleaning technology with 46,000 Pa washing power, 72°C high-temperature cleaning, cleaning index of 1.23, and drying index of 1.22.
• Jinghuan Series Dishwashers (鲸焕系列) Built-in dishwashers with dual-engine hot air drying technology, smart dirt detection, 99.99% bacteria elimination rate, 96-hour long-term storage, and 13-set washing capacity.
• Gree Hunter II Air Purifiers (格力·猎手II) Air purifiers with CKER virus purification system 2.0, achieving 99.99% virus elimination and 99.9% bacteria elimination, with CADR of 302 m³/h and 21-36 m² coverage.
• Gree+ App (格力+) Smart home management app that allows users to control Gree smart devices, manage room appliances, and share access with family members; supports over 30 connected device categories with 1+ million online users.
• Building Electromechanical Engineering Services (机电工程总承包) Building electromechanical general contracting services including electrical engineering, fire protection facilities, intelligent building systems, and clean energy integration delivered through subsidiary Zhuhai Gree Mechanical and Electrical Engineering Co.

Quantifiable outcome

• 200% production efficiency increase at Jinwan Smart Factory with 86 of 103 processes automated
• +7 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

18 partnerships are on record, tiered core and minor.

• SinopeccoreStrategic or Co-development Partner · 13 May 2026Co-showcased at Chinese-Arab Partnership Conference in Cairo (May 2026) demonstrating energy-efficient cooling technologies in Arab markets. Both companies represent major Chinese industrial players expanding in Middle East.
• CSCEC (China State Construction Engineering)coreStrategic or Co-development Partner · 13 May 2026Co-showcased at Chinese-Arab Partnership Conference demonstrating infrastructure and industrial cooperation capabilities in Arab markets.
• E FundminorStrategic or Co-development Partner · 13 May 2026Joint participation at Chinese-Arab Partnership Conference representing financial sector cooperation.
• Xi'an Jiaotong UniversitycoreStrategic or Co-development PartnerAcademic partnership for research collaboration including screw refrigeration compressor technology development. Joint research achieved international leading certification for complex environment high-performance screw refrigeration compressor.
• Zhejiang UniversitycoreStrategic or Co-development PartnerAcademic partnership for refrigeration and air conditioning technology research, contributing to international leading technology certifications.
• ISO (International Organization for Standardization)coreStrategic or Co-development PartnerGree chairwoman serves as ISO/TC86/SC4 Refrigeration Compressor Subcommittee Chair. Gree leads international standard development with 842 standards formulated (62 international).
• IEC (International Electrotechnical Commission)coreStrategic or Co-development PartnerLed development of IEC 63349-1:2025 photovoltaic direct-drive appliance controller international standard, filling global standard gap. Gree holds 38 expert positions in IEC and ISO organizations.
• Guangdong Province Market Supervision BureaucoreImplementation/ SI/ Consulting PartnerAssessed Gree's national energy conservation standardization demonstration project with highest score of 100 points.
• Hengqin New Area GovernmentcoreImplementation/ SI/ Consulting PartnerGree selected as first park-level titanium lithium energy storage system project at Sanxiang Science and Innovation City Zhuhai Financial Technology Center. Mayor attended launch ceremony.
• Jinteng (金鏁) GroupcoreStrategic or Co-development PartnerJointly building 'distributed photovoltaic' near-zero carbon factory park project. First-phase photovoltaic capacity 1.2753 MW, annual generation 1.4568 million kWh.
• Guangzhou CEPREI Certification CenterminorImplementation/ SI/ Consulting PartnerConducted 2023 greenhouse gas emissions verification: 733,936 tons CO2 equivalent.
• CTI Certification (华测认证)minorImplementation/ SI/ Consulting PartnerConducted 2024 greenhouse gas emissions verification: 598,429.26 tons CO2 equivalent.
• Saic MotorcoreStrategic or Co-development PartnerGree provided motor and controller technology applications for new energy vehicles. Greentech subsidiary serves global market.
• Jiangsu ShangnengminorChannel Partner/ Reseller/ DistributorListed as Gree sales company for Jiangsu region - regional distribution partner.
• Tmall (阿里巴巴)minorChannel Partner/ Reseller/ DistributorGree Tmall flagship store providing e-commerce channel access to Alibaba ecosystem.
• JD.com (京东)minorChannel Partner/ Reseller/ DistributorGree JD.com flagship store providing e-commerce channel access to JD.com ecosystem.
• Global Standards OrganizationscoreStrategic or Co-development PartnerActive in 37 international standard organizations with 38 expert positions. Leading development of photovoltaic direct-drive and heat pump water heater international standards.
• National Key Laboratory PartnerscoreStrategic or Co-development PartnerMaintains national key laboratory for refrigeration and energy conservation; national engineering technology research center; national industrial design center; national enterprise technology center.

Scale indicators20 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Midea Group: China's largest home appliance manufacturer, Gree's primary domestic competitor across residential AC, refrigerators, washing machines, kitchen appliances, and HVAC. Midea's Hualing brand directly contests Gree's central AC leadership.
• Haier Smart Home: Chinese home appliance leader with a strong smart-home OS strategy (via GE Appliances and Candy acquisitions). Competes with Gree in residential AC, refrigerators, washing machines, and integrated smart-home ecosystems, and is expanding in HVAC.
• Hisense Home Appliances (Kelon): Major Chinese AC and home appliance brand (Kelon's parent). Directly competes with Gree in residential and light commercial AC; overlapping product lines include refrigerators, washing machines, and kitchen appliances.
• Daikin Industries: Japanese global HVAC leader and the world's largest air conditioning manufacturer. Gree's primary global competitor in commercial HVAC and refrigerants; competes head-to-head on centrifugal chillers and split systems across Asia, the Americas, and Europe.
• LG Electronics: Korean home appliance and HVAC manufacturer. Directly competes with Gree in residential AC, refrigerators, washing machines, and commercial HVAC, particularly across the Middle East, Asia-Pacific, and Latin America.

Broad incumbents

• Mitsubishi Electric: Large Japanese conglomerate with a substantial HVAC and building systems division, including centrifugal chillers, variable refrigerant flow systems, and compressors. Overlaps with Gree on commercial and high-end residential AC.
• Carrier Global: U.S.-based global HVAC leader covering commercial chillers, residential systems, and refrigeration. Competes with Gree in centrifugal chillers, light commercial AC, and integrated building HVAC for data centers and infrastructure.
• Trane Technologies: U.S. commercial HVAC and refrigeration major with strong presence in chillers, air handlers, and energy services. Overlaps with Gree in the data center, healthcare, and large commercial projects that Gree's CVT/CVE/CVS chillers target.
• Johnson Controls: Global building technologies and HVAC incumbent with York-branded chillers and building management systems. Overlaps with Gree's central AC offerings and Gree Taishan building management platform.
• Samsung Electronics: Korean conglomerate with consumer AC, smart appliances, and HVAC components that intersect with Gree's residential AC, smart-home, and semiconductor (SiC MOSFET) roadmaps. Less central in centrifugal chillers but a growing global appliance competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gree-electric-appliances-inc-of-zhuhai

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhuhai Gree Electric Appliance