Trane Technologies Reports Growth in Third Quarter Financial Results Ireland: Trane Technologies reported an increase in enterprise bookings and earnings for the third quarter of 2025. Total bookings reached USD 6 billion (approximately EUR 5.5 billion), marking a 15 percent rise compared to the same period last year, with organic growth of 13 percent. The company’s commercial HVAC segment in the Americas led performance, recording about 30 percent growth, including over 100

MVV Commissions Construction of Large-Scale River-Source Heat Pump in Mannheim Germany: MVV Energie AG has appointed STRABAG Umwelttechnik GmbH to construct a second river-source heat pump at the Grosskraftwerk Mannheim AG site as part of its ongoing efforts to transform the energy system in the Rhine-Neckar region. The project, representing a total investment of up to EUR 200 million (USD 218 million), will receive funding under Germany’s federal programme for efficient heat

Daikin Opens New R&D Centre in Belgium and Unveils CO₂-Based Heat Pump Belgium: Daikin has expanded its European operations with the opening of a new research and development centre in Ghent, Belgium. Built to near-zero energy standards, the 30,600 m² facility includes a 14-storey office tower and a six-storey testing complex, developed with an investment of EUR 140 million (approximately USD 152 million). The centre serves as Daikin’s main development hub for the Europe, Mid

Energy Save Partners with JCE to Distribute Heat Pumps in South America Chile/South America: ES Energy Save Holding AB has entered into a distribution agreement with JCE South America to introduce its heat pump products to the South American market, beginning with Chile. JCE, which has been active in the region since 1987 across sectors including hardware, distribution, forestry and real estate, will serve as the exclusive distributor of Energy Save-branded heat pumps in Chil

Issues Tender to Improve Energy Efficiency Jordan: The Ministry of Energy and Mineral Resources has announced a new tender for the design, supply, installation, connection, operation, and maintenance of renewable energy systems aimed at improving energy efficiency in nine public hospitals in Jordan’s northern region through solar thermal water heating (STWH). Interested contractors are invited to obtain tender documents from the ministry’s tenders department or electronically

Research Lab in Japan Japan: Samsung Electronics announced on Wednesday the opening of a new heating, ventilation, and air conditioning (HVAC) research lab in Asahikawa, Hokkaido, northern Japan, aimed at developing heating solutions for extreme weather conditions. The region, where winter temperatures can drop to minus 20°C, provides an ideal environment for testing defrost and heat pump systems. The company stated that the lab will focus on advancing technology research and

Partners with Barilla Heating Distribution UK: Samsung Climate Solutions has announced a strategic partnership with Barilla Heating Distribution, which will now act as a distributor for Samsung’s air source heat pump range across the UK. Established in 2007, Barilla has a strong presence in the heating industry and is well-equipped to meet the increasing demand for advanced heating solutions. The collaboration underscores Samsung’s ongoing investment in its distribution netwo

Air Conditioners Lead Brand Competitiveness South Korea: Despite the ongoing economic downturn and high inflation this year, efforts to enhance brand competitiveness stood out in Korea’s manufacturing sector, particularly in home appliances such as air conditioners. According to the Korea Productivity Center’s 2025 National Brand Competitiveness Index (NBCI) survey, the air conditioner sector recorded the greatest improvement in brand competitiveness, rising by 2.6% from the

Launches First Smart Home Appliance China: Xiaomi announced the start of production at its first smart home appliance factory in Wuhan, China, marking its third major manufacturing base after its automobile and smartphone factories. Spanning 751 mu (about 500,000 square meters), the new facility initially focuses on air conditioner production and features six sub-factories covering the full supply chain of household and central air-conditioning systems. Equipped with Xiaomi’s

Bans Toilet and Sanitary Ware Exports EU: The European Union has banned the export of lavatory pans, bidets, and other sanitary ware to Russia as part of its 19th sanctions package. According to the ruling of the EU Council published in the Official Journal of the EU, "bidets, lavatory pans, flushing cisterns and similar sanitary ware" have been added to the list of goods prohibited for export to Russia. The EU provided no rationale for this specific prohibition. The new sanc

Strong Q3 Earnings USA: A.O. Smith (AOS) reported quarterly earnings of $0.94 per share, surpassing the Zacks Consensus Estimate of $0.89 per share and marking a +5.62% earnings surprise. This compares to $0.82 per share recorded a year ago, with all figures adjusted for non-recurring items. In the previous quarter, the company had been expected to post earnings of $0.97 per share but achieved $1.07, delivering a +10.31% surprise. Over the last four quarters, A.O. Smith has e

LG Logo EUROPE: Zeliatech Srl, a European distributor of sustainable technologies and a subsidiary of Esprinet Spa, announced a new partnership with LG Electronics Italia, a long-standing strategic partner within Esprinet’s portfolio across the TV, monitor, notebook, and home appliance segments. This collaboration marks an expansion of their existing partnership into the Heating, Ventilation, and Air Conditioning (HVAC) sector, enhancing Esprinet’s portfolio and reinforcing i

Gas Boiler The immediate fallout of the Russia-Ukraine war in 2022 was the European energy crisis that followed. The souring of relations with Europe over the invasion of Ukraine threatened the availability of gas for heating and other purposes during harsh winter months, with the Russian Federation being the biggest gas supplier to the continent. In order to maintain energy security and mitigate the impending impact of this development, various European governments pushed fo

Heat pump The market for heat pump water heaters (HPWH) in Australia, once a clean energy success, has declined sharply since 2024. This downturn is likely to continue into 2025. After two years of strong growth fueled by generous rebates, the industry now struggles with reduced subsidies, poor-quality imports, and decreasing consumer trust.  From Boom to Bust   Between 2022 and 2023, the HPWH sector grew quickly, thanks to federal Small-scale Technology Certificates (STCs) a

Haier Netherlands: Haier HVAC Solutions has entered into a strategic partnership with Technoclima BV to distribute its commercial air-conditioning and heat pump systems across the Dutch market. The collaboration will enable faster product availability, enhanced technical support, and stronger local presence for installers and specifiers. Technoclima is based in Meerkerk, offering integrated after-sales service and technical project assistance. This agreement includes plans to

Carrier United Kingdom: Carrier Solutions UK has unveiled a fully refurbished London Colney training centre, enhancing its capacity to deliver professional HVAC engineer training to a wider audience. The upgraded facility now offers hands-on education using the latest Carrier, Toshiba and Viessmann branded equipment, including advanced air-to-air and air-to-water heat pumps, VRF systems, residential and commercial boilers, controls, and specialist rigs for F-Gas certification

Bangladesh’s air-conditioning (AC) market expanded rapidly from 2021 onwards, driven by rising incomes, fast urbanisation, and increasingly hotter summers that made cooling a necessity rather than a luxury. Annual sales rose sharply from 2021, nearly doubling by 2024, reflecting the sector’s swift transformation into a large and dynamic industry. The residential segment contributed the largest share of market value, while commercial systems played a smaller but significant ro

LG Indonesia: LG Electronics has launched a new partner-operated production facility in Bekasi, West Java, dedicated to manufacturing air conditioners as part of its Global South expansion strategy. Spanning 32,000 square meters, the facility began operations in October 2025 with the capacity to produce approximately 700,000 indoor and outdoor units in its first year. LG plans to double this capacity further in the near future. The Bekasi plant follows the Korean Quality Cont

National Construction Code AUSTRALIA: Australia building ministers have agreed to pause major changes to the National Construction Code (NCC) until mid-2029, with only essential quality and safety measures taking effect. The measures include improved water management in commercial and apartment buildings, enhanced carpark fire safety standards, commercial energy efficiency reforms, and condensation mitigation. Planned requirements for home EV chargers and new residential ener

On September 22, 2025, the Government of India implemented a major reform in the Goods and Services Tax (GST) structure, reducing the GST rate on air conditioners (ACs) from 28% to 18%. This change is part of the broader GST 2.0 initiative, which simplified the tax regime into three slabs—5% for essentials, 18% for standard goods, and 40% for luxury items. The reduction in GST has led to a direct price drop of ₹1,500 to ₹3,500 per unit, depending on the model and brand. This