DEFRA Delays Further Tightening of Great Britain HFC Phasedown United Kingdom: The Department for Environment, Food & Rural Affairs (DEFRA) has confirmed that Great Britain's HFC phasedown schedule will remain unchanged from 1 January 2027 while further work is undertaken before a revised proposal is published later this year. Under the existing Great Britain F-Gas Regulation, the HFC quota will decrease from 31% to 24% of the baseline level from January 2027, representing a

Ariston Group Completes Acquisition of Riello Group Ariston Group, a global provider of sustainable climate and water comfort solutions, has completed the acquisition of 100% of Riello Group from subsidiaries of Carrier Global Corporation, following its announcement on 16 December 2025. The acquisition strengthens Ariston Group’s climate comfort portfolio by combining complementary technologies, brands, and market reach. The total consideration paid was approximately €370 mil

Air conditioner CHINA: China's air conditioner exports to the European Union increased by 43.2% year-on-year to US$3.76 billion in the first half of 2026, driven by an unprecedented heatwave across Europe and a significant gap between local production capacity and market demand. Chinese manufacturers, including Midea, Haier, Gree, Hisense, TCL, and Changhong, have expanded their presence in the region by offering energy-efficient and easy-to-install cooling solutions tailored

Store UK: VitrA has announced the launch of five new Experience Centres across the UK in 2026, reinforcing its commitment to expanding its retail footprint and strengthening partnerships with independent retailers. The first showroom, located at AS Fenner in Huntingdon, Cambridgeshire, opened on 29 June and showcases VitrA's comprehensive portfolio in lifestyle bathroom settings, allowing customers to experience its latest collections and design-led solutions firsthand. The r

Bathroom SPAIN: Ballingslöv International has acquired KBV, one of Spain’s leading manufacturers of kitchen, bathroom and storage solutions, from private equity firm ABAC. The acquisition supports Ballingslöv International’s strategy to expand its European footprint and reinforce its decentralized multi-brand platform. With annual revenues of approximately €55 million, KBV holds a strong position in the Spanish market and has an established international presence across the U

Hotel Vietnam has become Asia's largest branded residences market by value, overtaking Thailand and South Korea, according to the Asia Branded Residences Market Review 2026 by C9 Hotelworks. The country's branded residence sector is valued at approximately USD 8 billion, accounting for 20% of Asia's USD 40 billion branded residences market. Growth has been driven by a robust pipeline of 15,762 residential units across 47 projects, supported by strong tourism recovery, infrast

Why Air Conditioners Costs More in India Now - The BEE Effect Goes Beyond Raw Materials Revision of BEE Air-Conditioning Efficiency Standards Transforming India’s Air-Conditioning Industry The Indian air-conditioner industry is in the midst of one of the biggest transformations it has seen in years. While consumers are noticing higher air-conditioner prices in 2026, the reasons go well beyond the familiar story of rising copper or aluminium costs. AC prices have risen acros

US Trade School Enrolment and Revenue Rise as Demand for Skilled Trades Grows USA: A new report by Validated Insights shows that the US trade school sector expanded more rapidly than expected in 2025, driven by strong demand for skilled workers. Trade school revenue increased by 11.4% year-on-year to US$19.1 billion, supported by rising enrolment and continued employer investment in workforce training. Growing infrastructure projects, including AI and data centres, are also b

U.S. Ends Trade Deal Talks with Mexico and Canada USA: The US administration has decided not to renew the US-Mexico-Canada Agreement (USMCA) in its current form, initiating annual reviews as negotiations over possible revisions continue. Although the agreement remains valid until 2036 unless amended or replaced, the decision has created uncertainty for North American manufacturing and cross-border supply chains. The proposed changes aim to encourage domestic manufacturing and

Global Natural Gas Demand Set to Decline as Supply Disruptions Keep Prices High GLOBAL: The International Energy Agency (IEA) expects global natural gas demand to decline by 0.5% in 2026, marking the third annual contraction in seven years. Ongoing disruption to LNG shipments through the Strait of Hormuz, caused by conflict in the Middle East, has tightened supply and kept gas prices elevated despite some recovery in shipping activity. Demand has weakened across the power and

Indonesia Raises Interest Rates to Support Rupiah Stability and Economic Growth INDONESIA: Bank Indonesia has increased its benchmark interest rate by 25 basis points to 5.75% to strengthen the rupiah and keep inflation within its 2026–2027 target amid heightened global uncertainty caused by the Middle East conflict. Alongside tighter monetary policy, the central bank will maintain supportive macroprudential measures and expand digital payment initiatives to encourage lending

France Expands Heat Pump Bonus for Approved European-Manufactured Models FRANCE: France will introduce new rules from 1 September 2026 directing financial incentives, including CEE and MaPrimeRénov', towards heat pumps manufactured in the European Economic Area (EEA) to strengthen European industry. To qualify, products must meet recognised certification standards and satisfy EEA manufacturing requirements, although transitional approval is available for manufacturers investi

Rinnai Strengthens Energy-Efficient Gas Heating Portfolio for Long-Term Growth JAPAN: Rinnai continues to strengthen its position in the gas appliance market by focusing on energy-efficient heating, hot water and cooking solutions for residential and commercial customers. The company benefits from steady replacement demand for ageing equipment, alongside new housing and renovation projects, providing a stable long-term revenue base. Rinnai is expanding its portfolio of high-e

European Heatwave Fuels Thailand’s Air Conditioner Exports THAILAND: Thailand is benefiting from Europe's prolonged heatwave through stronger tourism and rising exports of air conditioners. The country is promoting its cooler rainy season to attract European visitors seeking relief from extreme temperatures. Meanwhile, exports of air conditioners to Europe rose 41.3% year-on-year in May, driven by growing demand for cooling appliances. Germany and France recorded strong impor

Philippines Advances HCFC Phase-Out to Support Sustainable Cooling by 2030 PHILIPPINES: The Philippines has launched the final stage of its HCFC Phase-out Management Plan, aiming to eliminate hydrochlorofluorocarbons (HCFCs) by 2030 in line with its commitments under the Montreal Protocol. The initiative will support industries in adopting cleaner, more energy-efficient cooling technologies while protecting economic growth. The government will strengthen training for refriger

US HVAC Industry Supports SMART Energy Efficiency Bill to Simplify Compliance Rules USA: Four leading US HVAC trade associations have endorsed the SMART Energy Efficiency Standards Act, which proposes changing compliance requirements for furnaces, central air conditioners and heat pumps from the installation date to the manufacturing date. The groups argue that the change would simplify compliance, prevent legally manufactured products from becoming unsellable inventory and p

Solstice and A-Gas Partner to Expand Low-GWP Refrigerant Supply in Europe BELGIUM: Solstice Advanced Materials and A-Gas have formed a strategic partnership to increase the availability of low global warming potential (GWP) refrigerants and promote refrigerant circularity across Europe. The collaboration will combine reclaimed hydrofluorocarbons (HFCs) with Solstice’s hydrofluoroolefins (HFOs) to produce lower-GWP refrigerant blends for existing refrigeration systems, reducin

Germany Advances Building Modernisation Act with Heat Pump Policy Changes GERMANY: Germany's coalition parties have agreed on amendments to the draft Building Modernisation Act, marking an important step in the legislative process. The proposed changes include revised requirements for hybrid heating systems, a planned green gas quota and operational audits for heat pumps, all of which are significant for the heat pump industry. The draft legislation will now proceed through p

Home Depot Strengthens Position as a Key Player in the US Home Improvement Market USA: Home Depot continues to strengthen its position as one of North America's leading home improvement retailers, benefiting from demand for housing repair, renovation and maintenance projects. The company serves both professional contractors and do-it-yourself customers through its extensive store network and integrated omnichannel platform, offering in-store shopping, online ordering and home

Hoffman & Hoffman Acquires Aeromechanical to Expand into Florida and the Gulf Coast Market U.S.: Greensboro, North Carolina-based Hoffman & Hoffman has acquired Gulf Breeze, Florida-based Aeromechanical, marking its first expansion into Florida and strengthening its presence across the Gulf Coast commercial HVAC market. Announced on June 30, the acquisition enables Aeromechanical to continue operating from its Gulf Breeze location under the existing leadership team while prov

Sila Services Expands Virginia Presence with Acquisition of Davis Heating and Air Conditioning U.S.: Sila Services has expanded its presence in Virginia, United States, by acquiring Davis Heating and Air Conditioning Company, a residential HVAC, plumbing and electrical services provider founded in 1947. The acquisition extends Sila’s footprint across Western Virginia, including the Roanoke, Lynchburg and Danville markets, while strengthening its Mid-Atlantic platform. Davis,

Rising European Heatwaves Present Long-Term Growth Opportunity for U.S. HVAC Manufacturers Europe: The persistent high temperatures and more frequent heatwaves across Europe could drive long-term demand for air-conditioning systems, where household penetration remains at only 20%, compared with around 90% in both the United States and Japan, based on 2018 International Energy Agency data. The bank identified Carrier Global, Trane Technologies and Johnson Controls as key benef

Samsung Launches b.IoT Lite to Enhance Smart HVAC and Energy Management for Commercial Buildings South Korea: Samsung has introduced b.IoT Lite, a cost-effective, centralized building management solution for B2B customers, designed to control Variable Refrigerant Flow (VRF/DVM S2) HVAC systems in small, medium and large commercial buildings. The platform features AI-driven algorithms, energy usage monitoring per device, scheduling, operation monitoring and integrated control

Daikin and NTT DATA Launch AI-Based Data Centre Cooling Optimization Proof of Concept Japan: Daikin Industries and NTT DATA Japan will begin a joint proof of concept (PoC) in July 2026 to develop an AI-driven cooling optimization solution that predicts server thermal conditions using indirect data, such as power consumption and temperature, and enables integrated control of HVAC, chiller and liquid cooling systems. The PoC will run at an NTT DATA data centre in Japan from Jul