MahaRERA Approves Over 1,000 Projects Around Gudhi Padwa India: The Maharashtra Real Estate Regulatory Authority (MahaRERA) approved a total of 1,060 real estate projects around the Gudhi Padwa period through a combination of new registrations, timeline extensions and corrections to existing projects. Of these, 486 projects received new registration numbers, while 426 projects were granted extensions to their completion timelines and 148 projects were allowed corrections. A t

Swegon Acquires Western Airconditioning in the Netherlands Netherlands: Swegon has acquired Western Airconditioning, a supplier of heating, ventilation and air conditioning systems based in the Netherlands. Western Airconditioning has been a distributor of Swegon’s chillers and heat pumps in the Dutch market. The acquisition expands Swegon’s presence in the Netherlands and adds service capabilities and technical support in the heating and cooling segment. Western Aircondition

Panasonic Establishes HVAC & Cold Chain Company Under New Group Structure Japan: Panasonic has established Panasonic HVAC & CC Co., Ltd. as part of its transition to a revised group structure. The new entity has been formed through the consolidation of the Heating & Ventilation A/C Company and the Cold Chain Solutions Company within Panasonic Corporation. The company will operate alongside other related entities, including Panasonic HVAC & CC Systems Co., Ltd., Panasonic Envi

Samsung and LG shift heat pump production to South Korea amid policy changes South Korea: Samsung Electronics and LG Electronics are planning to relocate their heat pump production lines from China to South Korea, in line with government policies supporting domestically manufactured products. Samsung is expected to move production from Suzhou to its Gwangju facility, while LG is considering shifting operations from Tianjin to Changwon, with both companies aiming to begin dome

Energy price volatility drives increased interest in green technologies across Europe Europe: The ongoing conflict involving Iran has contributed to rising energy prices and renewed focus on alternatives to fossil fuels across Europe. Brent crude prices have increased by more than 50 per cent since the conflict began, reaching USD 116 per barrel, while disruption to the Strait of Hormuz, a key route for global oil supply, has affected around one-fifth of daily oil flows. Euro

Germany: NORDWEST Handel AG has added three new partners to its building technology division, reflecting ongoing consolidation and network alignment within the plumbing, heating, and air conditioning (PHVAC) wholesale market. The additions come amid increasing competitive pressure and evolving market requirements. The new partners will join NORDWEST’s network of more than 1,300 dealers, contributing to its expansion in the sector. From March 1, 2026, Michael Egger GmbH & Co.

South Africa reports rise in FDI inflows in fourth quarter of 2025 South Africa: South Africa recorded foreign direct investment inflows of ZAR 41.3 billion (approximately USD 2.4 billion) in the fourth quarter of 2025, compared with outflows of ZAR 21.0 billion (approximately USD 1.2 billion) in the third quarter, according to data published by the South African Reserve Bank. The inflows were attributed to non-resident investments across sectors including media and entertain

UK advances energy and CO2 measures amid global supply disruptions UK: The UK government is assessing measures to address energy supply risks following disruption to global markets linked to conflict involving Iran and the closure of the Strait of Hormuz, a key route for oil and gas trade. Prime Minister Keir Starmer stated that there may not be a "quick and early end" to the situation and confirmed that the government would examine "every lever that's available" to support h

Croatia Announces €450 Million Support Package to Mitigate Energy Price Pressures CROATIA: Croatia has announced a  €450 million (US$ 517.98 million) support package aimed at mitigating rising energy costs and safeguarding economic stability amid global uncertainty. The measures include continued caps on fuel prices, and the extension of subsidised electricity and gas tariffs for households, public institutions, and small businesses until late 2026. Targeted financial support

Danfoss India Plans US$ 158.35 Million Investment to Expand Cooling Solutions and Heat Pump Technologies INDIA: Danfoss India has announced plans to invest approximately US$ 158.35 million (₹1,500 million) over the next five years to strengthen its presence in energy-efficient technologies. The investment will focus on expanding production capacity for compressors and battery energy storage systems, while capitalising on the rising demand for data centre cooling solutions. Th

Air Conditioner CHINA: In 2025, Xiaomi reached a significant milestone, recording its highest-ever revenue in the smart large home appliances segment. The company posted a 23.1% year-on-year growth, supported by strong demand for air conditioners, refrigerators, and washing machines. Air conditioner shipments exceeded 8.5 million units, marking a 24% annual increase. Refrigerator shipments surpassed 2.8 million units (up 4%), while washing machine shipments crossed 2.3 millio

Air conditioner CHINA: In 2025, Xiaomi marked a major achievement by recording its highest-ever revenue in the smart large home appliances segment, registering a 23.1% year-on-year increase. This growth was fueled by strong demand across air conditioners, refrigerators, and washing machines. Air conditioner shipments surpassed 8.5 million units, reflecting a 24% annual rise, while refrigerator shipments exceeded 2.8 million units (up 4%) and washing machine shipments crossed