India Pushes Higher AC Efficiency As rising temperatures, longer heatwaves and rapid urbanisation fuel a surge in cooling demand, India is taking decisive steps to improve air conditioner (AC) energy efficiency and reduce pressure on its power grid. Policymakers believe that stricter efficiency standards and responsible cooling practices could significantly curb electricity consumption, lower household bills and cut carbon emissions. India currently adds an estimated 13–15 mi

Acquire LiquidStack to Expand Data Center Ireland: Trane Technologies, a global climate innovator headquartered in Swords, Ireland, has entered into a definitive agreement to acquire LiquidStack, a global leader in liquid cooling technology for data centers based in Carrollton, Texas, to strengthen its position as a full-service provider of end-to-end data center thermal management solutions. Building on its minority investment in 2023, the acquisition will enhance Trane’s ca

Expands in Germany Germany: Eiffage Énergie Systèmes, through its German subsidiary Salvia, has acquired 100% of HTW Engineers, an engineering consultancy specializing in Mechanical, Electrical and Plumbing (MEP) systems, as part of Salvia’s strategy to strengthen its expertise and footprint in the German engineering market. Founded in 1969, HTW Engineers generated revenue of nearly EUR 10 million (USD 10.8 million) in 2024 and operates from key locations in Düsseldorf, Berli

Raises FY2025 Outlook Japan: Mitsubishi Heavy Industries, reported a order intake up 12.6% year-on-year increase in order intake to YEN 5,029.1 billion (USD 33.7 billion) for the three quarters ended December 31, 2025, while revenue rose 9.2% to YEN 3,326.9 billion (USD 22.3 billion). Business profit grew 25.5% to YEN 301.2 billion (USD 2.0 billion), representing a margin of 9.1%, and net income increased 22.6% to YEN 210.9 billion (USD 1.4 billion), with a net income margin

Launches First India Manufacturing Plant India: Chinese consumer electronics company Hisense has commissioned its first india manufacturing plant through a joint venture with Epack Manufacturing Technologies, a subsidiary of Epack Durable, at Sri City, Andhra Pradesh. Spread across 10 acres within Epack Durable’s industrial park, the plant has been developed with an investment of over USD 30 million and will begin commercial production in February 2026. The facility will ini

Q2 Profit Jumps India: V-Guard reported a strong performance Q2 profit jumps, with sales rising nearly 14% to Rs 495 crores (USD 59.0 million) and profit after tax increasing about 70% to Rs 39.2 crores (USD 4.7 million). Growth was driven primarily by its large product categories, with the water heater segment recording approximately 25% growth, while kitchen appliances in the small appliances category surged nearly 50% during the quarter. Margins expanded across all categor

Heating Ban Improves Beijing Air Quality China: China has been working to improve air quality, particularly in and around Beijing, by banning residential coal heating and mandating a shift to natural gas or electricity. Natural gas is three times more expensive than coal or electricity, and millions of rural homes around Beijing were required from around 2017 to dismantle small coal furnaces and transition to cleaner alternatives, supported initially by generous subsidies and

Acerpure Launches Chill Inverter Window AC Philippines: Acer’s lifestyle brand, Acerpure, has entered the large-appliance segment in the Philippines with the launch of the Acerpure Chill Inverter AC, a new range of window-type air conditioners featuring efficient cooling, smart functionality, and eco-friendly technology. The units are equipped with a Dual Inverter Compressor using two rotors to deliver faster cooling with lower electricity consumption, quieter operation, stab

Heat Pump In 2025, the markets for gas wall hung boilers and outside air‑water heat pumps moved in noticeably different directions across the United Kingdom, Germany, France, Italy, and Poland. Gas wall hung boilers declined in every country compared with 2024, continuing a clear downward tendency visible in all five markets.   In contrast, outside air‑water heat pumps showed a more varied yet overall more positive pattern. While France and Italy experienced a slight downturn

Samsung Logo USA: From February 2 to 4, the International Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo), North America’s largest HVACR trade show, was held in Las Vegas. Organized by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), the event featured participation from over 1,800 companies worldwide, highlighting the latest technologies and emerging trends across the global HVAC industry. Samsung Electronics showcased it

Samsung INDIA: Samsung has launched a nationwide service initiative to help customers get their air conditioners and refrigerators ready for the upcoming summer season. The Proactive Summer Care Campaign, running from February 4 to March 15, 2026, offers a range of discounted service benefits for eligible Samsung appliances. As part of the campaign, customers can avail up to 50% off on labour charges, pick-up and delivery services, and jet cleaning for air conditioners. Addit

Mitsubishi USA: Mitsubishi Electric Corporation announced that, effective July 1, it will reorganize its North American operations across three group companies. Mitsubishi Electric US, Inc. will oversee all regional operations while also managing sales of elevators and escalators, cooling and heating solutions, and semiconductor devices. Mitsubishi Electric Automation, Inc. will continue to manage the sales and servicing of factory automation (FA) equipment and computer numer

LG KOREA: Lee Jaesung, President and Head of LG Electronics’ ES (Eco Solutions) Business Division, which leads the company’s core HVAC operations, said the company plans to accelerate growth this year with a strong focus on artificial intelligence (AI). He highlighted that LG will begin operations at its manufacturing plant in India in the second half of the year to strengthen local infrastructure and support regional expansion. The ES Business Division offers a broad product

Funding UK: Hounslow has been awarded £10.55 million (US$14.3 million) in funding from the UK Government’s Green Heat Network Fund (GHNF) to launch a major low-carbon heating initiative in the borough. The funding will support Phase One of the Hounslow Heat Network, a project designed to transform the way homes and buildings in Isleworth and Brentford are heated. The scheme will capture unused heat from Thames Water’s Mogden Sewage Treatment Works and distribute it through ap

Financial Chart IRELAND: Trane Technologies plc, a global climate innovation company, reported diluted earnings per share (EPS) from continuing operations of $2.74 for the fourth quarter of 2025. On an adjusted basis, continuing EPS reached $2.86, representing a year-on-year increase of 10 percent. For the full year 2025, the company generated $3.2 billion in cash flow from continuing operating activities, while free cash flow totalled $2.9 billion, equivalent to 98 percent o

Air Conditioner ITALY: The company recorded sales of €639 million (US$758 million) in Italy in 2024 and expects to reach around €700 million (US$830 million) in fiscal 2025. Italy accounts for 13% of EMEA sales and is the company’s largest European air conditioning market, with penetration exceeding 50%, compared to less than 20% in Germany. France remains the second-largest European market, slightly behind Italy. Active in Italy since the 1990s, the company established a dir

Mitsubishi Electric Begins Operations at First Air Conditioner Plant in India India: Mitsubishi Electric has commenced full-scale operations at its first home air conditioner manufacturing facility in India, located in the state of Tamil Nadu. The plant was established with an investment of 21 billion rupees (USD 232 million) and is expected to produce 300,000 inverter room air conditioners and 650,000 compressors annually. Compressors are essential components in air conditio

Danfoss is expanding industrial heat pump capabilities to support high temperature Denmark: Danfoss is progressing the development of industrial heat pump systems capable of delivering supply temperatures of up to 120°C, with plans to extend this range to 150°C. These advancements aim to support the electrification of high-temperature processes across sectors such as food and beverage, pulp and paper, chemicals, and textiles, where operations depend on hot water or steam for

Prague and ČEZ ESCO Partner to Modernise City’s Heating Infrastructure Czechia: The City of Prague has entered into a cooperation agreement with Czech energy company ČEZ ESCO to modernise the capital’s heating infrastructure. The partnership outlines a long-term framework aimed at ensuring stable and affordable heat supply for residents, while transitioning towards lower-emission energy sources. A dedicated working group comprising city representatives and energy experts has

Bajaj Electricals Reports Quarterly Loss Due to One-Off Charge and Lower Sales India: Bajaj Electricals reported a consolidated net loss of 341 million rupees (USD 3.76 million) for the quarter ended 31 December, marking a reversal from a profit of 333.6 million rupees in the same period last year. The loss was attributed to a one-time expense related to India’s revised labour codes. The company's consumer products division, which includes fans and home appliances and account