Amazon Partners with Transaera to Deploy Next-Generation Heat Pump Technology Across Global Building Network US: Amazon and Transaera have entered into a new agreement to deploy Transaera’s next-generation heat pump technology across Amazon’s global building network following a successful six-month trial. Founded in 2018, U.S.-based Transaera develops energy-efficient air conditioning and dehumidification systems that use Metal Organic Frameworks (MOFs) to remove humidity bef

Fortum Launches Large-Scale Heat Pump Plants in Finland to Support Decarbonisation Goals Finland: Fortum has commenced operations at its large-scale heat pump plants in Kolabacken, Kirkkonummi, and Hepokorpi, Espoo, as part of its strategy to electrify district heating production and advance toward net-zero emissions by 2040. The facilities include 40 air-to-water heat pumps, 72 water-to-water heat pumps producing up to 180 megawatts of district heating, 200 megawatts of elec

GoodWe Partners with Kraken to Support UK Residential Energy Storage Growth UK: GoodWe has signed a partnership agreement with Kraken to provide UK customers access to a range of smart tariffs as the company prepares to benefit from rising residential battery storage demand under the UK’s Warm Homes Plan. Announced during the launch of GoodWe’s Warm Home All-In-One Solution for the UK market, the offering includes PV building materials, EV chargers, heat pumps, smart energy m

Hisense HVAC Enters Indian Market, Appoints Rakesh Chauhan as India Director INDIA: Hisense HVAC has officially commenced operations in India and appointed Rakesh Chauhan as Director for India. The announcement was made during a product launch event in Bangkok attended by channel partners from across India. The company, a subsidiary of Qingdao Hisense Hitachi Air-conditioning Systems, plans to introduce smart HVAC solutions for residential and commercial applications in the I

SD Heat Exchangers Strengthens Danfoss Partnership to Support Benelux Energy Transition NETHERLANDS: Danfoss has expanded its strategic partnership with SD Heat Exchangers B.V. through a new distributor agreement covering the Benelux heating market. Building on their existing collaboration in plate heat exchangers, the partnership now includes Danfoss’ wider heating portfolio, such as control valves, motorized valves, and energy meters. The agreement aims to strengthen soluti

Air Conditioner Prices in India Expected to Increase Further India: Air conditioner prices in India are expected to rise further in the coming months due to higher raw material costs and revised energy efficiency standards introduced in January 2026. Industry representatives stated that costs across the sector have increased by around 14% to 16%, driven by higher prices of copper, aluminium and steel, along with changes in energy rating requirements. Older models manufactured

Carrier Targets India Growth with New Sri City Facility India: Carrier Global has announced plans to invest USD 100 million (EUR 92 million) in a new manufacturing facility in Sri City, Andhra Pradesh, with operations expected to begin by the end of next year. The company stated that India has been its fastest-growing market over the past four years, recording growth above 20% during the period and 33% growth in the first quarter of 2026. The new facility is intended to incre

LMD and Schneider Electric Partner on Smart City Projects in Egypt Egypt: LMD has signed a memorandum of understanding with Schneider Electric to collaborate on the development of smart and energy-efficient projects across Egypt. The agreement focuses on integrating technologies related to sustainability, energy management, artificial intelligence and smart city infrastructure into current and future developments. The partnership will utilise Schneider Electric’s EcoStruxure

European Heat Pump Sales Rise Amid Energy Price Concerns EU: Residential heat pump sales in Europe increased during the first quarter of 2026, with France, Germany and Poland recording an average growth of 25 per cent. The rise followed higher gas and oil prices after the closure of the Strait of Hormuz on 2 March, which affected energy markets across several regions. Across 11 European countries, around 575,000 units were sold between January and March 2026, compared with 49

Germany PHVAC Sector Maintains Stability Amid Slowing Growth Germany: Germany’s plumbing, heating, and air conditioning (PHVAC) sector ended 2025 at a stable level, although sales declined and growth momentum slowed following a period of strong demand. Industry sales reached approximately EUR 59.1 billion (USD 64 billion), generated by around 48,000 companies employing 390,000 people. Orders and capacity utilisation have decreased, and no immediate growth acceleration is expe

Facility UK: Ultimate Renewables Supplies has launched a newly developed, purpose-built facility in Bicester as part of its ongoing expansion efforts. The new site represents a significant step forward for the company, featuring a larger warehouse, a fully equipped showroom, and a dedicated technical training workshop. It is designed to support rising nationwide demand for renewable energy solutions, offering installers, merchants, and commercial partners a hands-on environme

Logo USA: SPX Technologies, Inc. announced its financial results for the first quarter ended March 28, 2026. First Quarter Highlights (continuing operations; year-on-year comparison with Q1 2025). The company reported revenue of $566.8 million, reflecting a 17.4% increase, including 7.4% organic growth. GAAP income from continuing operations rose to $64.4 million, up 24.6%, while GAAP earnings per share (EPS) reached $1.27, marking a 15.5% increase. Adjusted EPS stood at $1.6

Trane technologies USA: Trane Technologies plc reported its financial performance for the first quarter of 2026, highlighting steady earnings growth and strong demand across key segments. The company recorded GAAP diluted earnings per share (EPS) from continuing operations of $2.66, while adjusted EPS stood at $2.63, reflecting a 7% increase year-on-year. Revenue reached $5 billion, marking a 6% rise, with organic revenue growth of 3%. Organic bookings increased significantly

AO Smith North America: The company reported sales of $946 million, with net earnings of $118 million and diluted earnings per share (EPS) of $0.85. In the North America segment, sales reached $753.4 million, reflecting a modest 1% increase. Growth was supported by the inclusion of Leonard Valve and pricing improvements, which helped offset weaker volumes in the water heater industry as well as production and shipping disruptions caused by adverse weather conditions. In contr

carrier USA: Carrier Global Corporation reported its financial results for the first quarter of 2026, highlighting strong momentum in key segments. Data center orders surged by more than 500%, with the current backlog fully covering anticipated data center sales for 2026. Overall company orders rose by 11%, driven in part by a 35% increase in the Commercial HVAC segment. "We started the year with better-than-expected sales performance across the portfolio," said Carrier Chair

Logo SOUTH KOREA: Samsung Electronics reported its financial results for the first quarter ended March 31, 2026. The Digital Appliances (DA) business posted only modest earnings improvement during the quarter, impacted by ongoing cost pressures and tariffs. Looking ahead to the second quarter of 2026, the company expects to support revenue growth through the launch of a new premium product lineup and a recovery in air conditioner demand. In the second half of 2026, the busine

HVAC Presence with Mercaluz Acquisition Spain: Grafton Group plc has completed the acquisition of Mercaluz, a Spanish distributor of domestic and commercial air conditioning systems, along with select white goods and home appliances. The deal, finalized on 30 April 2026, includes multiple Mercaluz entities and builds on Grafton’s earlier announcement in March. Mercaluz serves approximately 10,500 SME installer customers, highlighting its strong presence in the regional HVAC d

A Niche but Growing Segment India’s air conditioner market has long been shaped by the country’s intense summers, with cooling-only split ACs dominating residential and commercial spaces. As temperatures soar for much of the year, air conditioning has moved from being a luxury to a near-necessity in many urban households. However, rather than a broad market shift, a small but emerging niche is beginning to take shape. Reversible split air conditioners, which provide both coo

Ingersoll Rand Posts Solid First-Quarter 2026 Performance USA: Ingersoll Rand Inc. reported solid first-quarter 2026 results, with revenue reaching approximately $1.85 billion and adjusted earnings per share of $0.77. The company recorded net income of about $192 million and adjusted EBITDA of roughly $469 million, reflecting steady operational performance. Growth was supported by strong demand across key segments, particularly in precision and industrial technologies. Manage

GIFT City Expands District Cooling Network with Major Capacity Increase Plans INDIA: Gujarat International Finance Tec-City (GIFT City) is set to significantly expand its district cooling system, aiming to triple capacity to 30,000 TR by 2030. A new 10,000 TR plant in the SEZ, alongside upgrades to the existing network, will support this growth. Capacity is expected to reach 20,000 TR by 2028, serving around 55 buildings across commercial, residential and social infrastructur