Carrier Global Corp (Carrier) is an intelligent climate and energy solutions company, focusing on providing differentiated, digitally enabled lifecycle solutions. Carrier serves industries such as residential, commercial, education, healthcare, technology, retail, hospitality, data centers, and infrastructure, offering products and services that enhance building performance, health, and energy efficiency. Carrier Global Corp's portfolio includes industry-leading brands such as Carrier, Viessmann, Toshiba, Automated Logic, and Carrier Transicold. The company provides innovative heating, cooling, and cold chain solutions, as well as a broad array of related building services, including audit, design, installation, system integration, repair, maintenance, and monitoring.

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Carrier conducts R&D activities with a focus on new product development and technology innovation. The company invests in product and technology innovation within its core offerings and in new business models. Research and development efforts include advancing environmental sustainability, preparing for future product innovations, and digital controls technologies. The company also focuses on improving existing products and reducing production costs. The R&D unit of Carrier Global Corp is responsible for managing the company's research and development activities, focusing on new product development and technology innovation. Carrier holds approximately 11,000 active patents and pending patent applications worldwide. The company actively manages and strengthens its business portfolio through research and development activities, potential acquisitions, and strategic collaborations to enhance its product portfolio. In FY2025, the company spent US$625 million on R&D, which as a percentage of revenue stood at 2.9%, and declined 8.9%.