Gree
Gree is the world's largest residential air conditioner manufacturer, producing inverter-based HVAC systems — ductless mini-splits, central air, VRF, and PTAC — sold through 50,000+ dealers and contractors in 100+ countries. Founded in 1991 in Zhuhai, China, it holds the #1 global residential AC position for 18 consecutive years.
- Company typePrivate
- Founded1991
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Gree does
Gree (GREE Electric Appliances, Inc. of Zhuhai), founded in 1991 and headquartered in Zhuhai, China, is the world's largest manufacturer of residential air conditioners, holding the global #1 position for 18 consecutive years according to Euromonitor. The company designs and produces inverter-based HVAC equipment spanning ductless mini-splits, central air systems, VRF commercial systems, and PTAC units, with a vertically integrated stack that includes compressors, motors, and finished systems, supported by 6,000+ patents and 28 research institutes. Annual production capacity is roughly 60 million residential and 5 million commercial systems, executed across nine manufacturing facilities in China, Brazil, Pakistan, and Vietnam, employing approximately 80,000 people.
Products are sold in 100+ countries through a distributed channel of more than 50,000 dealers and contractors and over 500 US service locations. The go-to-market is a traditional HVAC OEM model: Gree manufactures, ships to distributors and dealers, and monetizes through unit sales to licensed installation contractors serving residential homeowners, light-commercial developers, and commercial building operators. Pricing is set per system by tier and capacity, with recent launches such as MultiPRO (multi-zone ductless) and FLEXX (central air) raising the average selling price in the US market. The portfolio is now transitioning to low-GWP R32 refrigerant to comply with tightening F-Gas and AIM Act regulations in the EU and US, and is offered with GREE+ Wi-Fi connectivity compatible with Alexa and Google Home, though proprietary AI/ML capabilities are not evident in the disclosed product set.
Gree firmographics
Firmographics- Name
- Gree
- Legal name
- GREE Electric Appliances, Inc. of Zhuhai
- Website
- https://greecomfort.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Gree is the world's largest residential air conditioner manufacturer, producing inverter-based HVAC systems — ductless mini-splits, central air, VRF, and PTAC — sold through 50,000+ dealers and contractors in 100+ countries. Founded in 1991 in Zhuhai, China, it holds the #1 global residential AC position for 18 consecutive years.
- Ownership category
- akta.pro rank
Gree industry classification
Industry- Product category
- HVAC Systems and Air Conditioning Equipment
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
Keywords
Where Gree is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Gree business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Residential HVAC Systems Sales: Sale of ductless mini-split systems, central air conditioning units, and heat pumps to homeowners through dealer and distributor networks. Annual production capacity of 60 million residential air conditioning systems.
- Commercial HVAC Systems Sales: VRF (Variable Refrigerant Flow) systems, packaged units, and commercial air conditioning solutions. Annual production capacity of 5 million commercial systems.
- PTAC Products: Packaged Terminal Air Conditioners for commercial and hospitality applications, sold through the same distribution network
- Replacement Parts and Warranty Services: Warranty-replacement parts and services through the warranty program for installed systems
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Consumer direct pricing not publicly available |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
Gree product offering
Product offeringCore offering
GREE manufactures and sells heating, ventilation, and air conditioning (HVAC) systems for residential and commercial markets worldwide. The product portfolio includes ductless mini-split systems (single-zone and multi-zone), central air systems (FLEXX line), packaged terminal air conditioners (PTAC), and commercial VRF systems. Products are sold through licensed HVAC contractors, distributors, and dealer networks across 100+ countries.
Product overview
GREE Comfort offers a comprehensive portfolio of ductless mini-split HVAC systems and packaged terminal units, positioned as one of the largest HVAC manufacturers globally. The product line is organized into several families: (1) Single-zone mini-splits (Livo R32, Vireo R32, Envo R32, Sapphire R32, Zeno R32) using R32 refrigerant for individual room heating and cooling; (2) Multi-zone systems (Multi R32, Multi ECO R32, MultiPRO) connecting multiple indoor units to a single outdoor unit, with MultiPRO supporting up to 10 zones and ultra-long 985 ft piping; (3) All Match indoor units (360° Cassette, One-Way Cassette, Slim Duct, Floor Ceiling, Floor Standing, Mini Console) compatible with multi-zone outdoor units for flexible installation; (4) Central air systems (FLEXX, FLEXX ECO R32, FLEXX ULTRA R32) featuring horizontal discharge design with inverter technology and efficiency ratings up to 20 SEER2; (5) Packaged/PTAC units (X-PAC, X-PAC R32, PTAC II R32, ETAC III R32, TTW R32) for commercial through-the-wall and packaged terminal applications; (6) Smart control apps (GREE+ for WiFi-connected units, GreeSmart for infrared control, G-Life for RF remote models); and (7) MultiPRO Selection Software for system design. GREE's products use both R410A and R32 refrigerants, incorporate inverter-driven compressor technology, and support WiFi/Alexa/Google Home smart home integration. The company holds top global market share in household air conditioners for 18 consecutive years according to Euromonitor International, with an annual production capacity of 60 million residential units and 5 million commercial units across nine manufacturing facilities in China, Brazil, Pakistan, and Vietnam.
Differentiator
Problem solved
Functional benefit
Brands
- GREE+ App: Official IoT application software for appliance management and intelligent control of Gree HVAC systems
- MultiPRO
- FLEXX
- Livo
- Vireo
- Sapphire
- Zeno
- Envo
- X-PAC
- PTAC
- VRF (Variable Refrigerant Flow)
Products and services
- Single-Zone R32 Mini-Split Systems Single-room heating and cooling systems using R32 refrigerant, available in five variants (Livo, Vireo, Envo, Sapphire, Zeno). Sapphire and Vireo include WiFi capability for smart home control. Designed for residential use in individual rooms, apartments, home offices, garages, and basements.
- Multi-Zone R32 Mini-Split Systems Multi-zone R32 mini-split systems (Multi R32 and Multi ECO R32) connecting multiple indoor units to a single outdoor unit, providing zoned heating and cooling for whole-home residential applications.
- MultiPRO Multi-Zone HVAC System Commercial-grade multi-zone mini-split system handling up to 10 zones with a single outdoor unit. Features ultra-long piping up to 985 ft, whisper-quiet operation, and broad temperature range. Targets commercial and large residential installations.
- FLEXX Central Air Systems Central air conditioning and heat pump systems combining inverter technology with horizontal discharge design for residential flexibility. FLEXX ECO R32 achieves up to 20 SEER2 efficiency. Cooling range 5°F–129°F, heating range -22°F–75°F.
- X-PAC Packaged Unit Self-contained packaged terminal air conditioner for commercial and residential applications requiring PTAC or window replacement solutions.
- PTAC and Through-the-Wall Units Packaged Terminal Air Conditioners (PTAC II R32), Electronic Terminal Air Conditioners (ETAC III R32), and through-the-wall units (TTW R32) using R32 refrigerant for hospitality and commercial through-the-wall applications.
- All Match Indoor Units Modular indoor unit family for All Match multi-zone systems, including 360° Cassette, One-Way Cassette, Slim Duct, Floor/Ceiling, Floor Standing, and Mini Console variants for flexible concealed, ceiling, or floor installation in commercial spaces.
- Commercial VRF (Variable Refrigerant Flow) Systems Commercial HVAC systems offering variable refrigerant flow technology with precise temperature control and energy efficiency for offices, restaurants, classrooms, hotels, and large-scale commercial buildings.
Quantifiable outcome
- Energy consumption reduction of up to 65% compared to conventional systems
- +4 more outcomes
Companies that use Gree
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Gree technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Gree partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights7 records
Gree competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights7 records
Customer concentration
Gree social profiles
Digital presenceGree compliance and trust
Trust signalCompliance4 records
Gree financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gree leadership team
Management profileNumber of profiles
Gree subsidiaries and ownership
Company hierarchySubsidiaries2 records
Gree funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gree M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gree
What does Gree do?
GREE manufactures and sells heating, ventilation, and air conditioning (HVAC) systems for residential and commercial markets worldwide. The product portfolio includes ductless mini-split systems (single-zone and multi-zone), central air systems (FLEXX line), packaged terminal air conditioners (PTAC), and commercial VRF systems. Products are sold through licensed HVAC contractors, distributors, and dealer networks across 100+ countries.
Is Gree a public or private company?
Gree is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Gree founded?
Gree was founded in 1991. It employs 11 to 50 people.
Where is Gree based?
Gree is headquartered in Miami, United States, in the North America region.
How does Gree make money?
Four revenue lines are on record. Residential HVAC Systems Sales are the primary driver. The others are commercial HVAC Systems Sales, PTAC Products and replacement Parts and Warranty Services.
Does Gree have an API?
No public API is recorded for Gree.
What industry is Gree in?
Gree's product category is HVAC Systems and Air Conditioning Equipment. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling). Its NAICS code is 333415 and its SIC code is 3585.