Midea Climbs to No.184 on Forbes Again with RAC Business Thrives in ASEAN Market
FOSHAN, China, July 8, 2025 /PRNewswire/ -- Midea reached No.184 on the 2025 Forbes Global 2000 list. Midea has been expanding its global business footprint, particularly the robust performance of AC business in ASEAN played a vital role in elevating its global standing.
The Forbes list is recognized as one of the world's most influential evaluation systems for companies. As the world's No.1 smart home appliance brand, Midea focuses on its vision of "Bring Great Innovations To Life." Midea supports its sustained competitiveness through a global R&D system, comprising 33 research centers and 2 innovation hubs.
Empowered by technology, Midea now serves over 4 billion people across more than 200 countries and regions. With an integrated operation system from R&D to production, sales and after-sales, Midea continuously enhances delivery efficiency and product consistency, reinforcing its position as a global home appliance leader. As one of Midea Group's core business pillars, the residential air conditioner segment fully leverages the company's strong R&D capabilities. Supported by Midea's GMCC, the world's No.1 manufacturer of air conditioner compressors with a 45% market share, Midea masters core technologies of air conditioner and enhances efficiency and quality from the supply side to the product side, delivering more comfortable experience.
In the ASEAN market, Midea advances on three fronts: manufacturing, R&D, and branding. It has established two local factories in Thailand and Indonesia, leveraging sustainable and intelligent manufacturing models to enhance regional production capacity. Backed by its ASEAN R&D center, Midea focuses on addressing specific local consumers' needs, delivering customized design that has earned prestigious awards such as the Red Dot Design Award. Midea also emphasizes localized operations and now is official sponsor of the AFC tournament, get even closer to users and integrate deeper into everyday life across the region.
Connecting with users through both product and service, Midea air conditioners stand out for energy efficiency, durability and cost-effectiveness. Equipped with inverter technology and the AI ECOMASTER system, it delivers ±0.3°C precision temperature control and real-time operational optimization, achieving 30% energy savings as certified by SGS. The Prime Guard technology enhances durability in humid environments and ensures reliable performance amid challenging electrical and environmental conditions. Combined with COOLFLASH fast cooling, healthy air management and smart controls, Midea delivers better cooling solution for every consumer in ASEAN.
With strong global recognition and deepened regional presence, Midea continues to drive sustained growth by innovation, localization, and user-centric design, Midea is setting new benchmarks for smart home comfort worldwide.
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