University Closures to Reduce Energy Use Bangladesh: The Ministry of Education in Bangladesh has directed all public and private universities in the country to remain closed from 9 March 2026 as part of measures university Closures to Reduce Energyand fuel consumption. The decision was issued following instructions from the Cabinet Division. According to the directive, universities will remain closed until the start of their scheduled Eid-ul-Fitr holidays as indicated in thei

Taiwan Allocates Subsidies for Renovation of Older Residential Buildings Taiwan: Taiwan’s Executive Yuan has allocated NTD 5,000 million (USD 157.81 million, EUR 145.19 million) in subsidies to support the renovation of residential buildings that are 30 years old or older. The programme aims to improve building safety and functionality. According to the National Land Management Agency, applications for renovation subsidies will be accepted by the Ministry of the Interior from

Philippines Directs Government Offices to Strengthen Energy-Saving Measures Philippines: The Philippine government has instructed public agencies to strengthen energy efficiency measures in response to global developments affecting energy supply. The Department of Energy, through the Inter-Agency Energy Efficiency and Conservation Committee, directed all government offices to follow the Government Energy Management Program and implement measures aimed at achieving at least 10

DOE Testing Milestone USA: Rheem has completed laboratory validation testing for commercial rooftop heat pump equipment under the United States Department of Energy (DOE) testing milestone Commercial Building HVAC Technology Challenge. The programme aims to support the development of heat pump systems for commercial buildings, including equipment designed for cold climate operation. Testing confirmed that the company’s rooftop heat pump in the 10–14 ton category met the DOE’s

Systemair Reports Third-Quarter Sales Decline Amid Currency Impact Sweden: Systemair reported third-quarter net sales of SEK 2,862 million (USD 270 million, EUR 248 million) for the period November 2025 to January 2026, representing a decline of 5.9% compared with the same period last year, mainly due to currency effects. Organic growth during the quarter was 1.0%. Adjusted operating profit reached SEK 199 million (USD 19 million, EUR 17 million), while operating profit total

Madison Air Files for U.S. IPO After Revenue Growth USA: Madison Air Solutions has disclosed financial details ahead of a planned initial public offering after revenue growth in the United States. The company reported net sales of USD 3,340 million (EUR 3,070 million) for the year ended 31 December 2025, compared with USD 2,620 million (EUR 2,410 million) in the previous year. Net income for 2025 reached USD 124.3 million (EUR 114.3 million). The company has not yet announced

Introduce Energy-Saving Measures Thailand/Vietnam: Authorities in Thailand have introduced energy saving measures aimed at reducing energy consumption in government offices following disruptions to oil supplies linked to geopolitical tensions in the Middle East. Public sector offices have been requested to maintain air-conditioning settings at 26 degrees Celsius and limit non-essential overseas travel. Government employees have also been encouraged to work remotely where poss

Majority of Heat Pumps Sold in Europe Assembled Within the Region European Union: More than 80% of heat pumps installed in Europe are assembled within the region, according to data released by the European Heat Pump Association (EHPA). The figures show that less than 10% of the units are produced in China. For air-to-water heat pumps, over 80% of monobloc units and more than 90% of indoor units sold in Europe are assembled within the region, while around half of outdoor units

Energy-Saving Measures Philippines: The government of the Philippines has introduced energy saving measures for public institutions in response to rising fuel costs linked to geopolitical tensions in the Middle East. National government agencies, state universities and colleges, and local government units have been instructed to reduce fuel consumption by at least 10%. Measures include limiting air-conditioning settings to no lower than 24 degrees Celsius, reducing official t

District Cooling System India: The government of Telangana plans to introduce a district cooling system in the upcoming Bharat Future City project, allowing buildings to be cooled through a centralised chilled water network instead of individual air-conditioning units. The system will produce chilled water at a central cooling plant and distribute it through underground pipelines to residential and commercial buildings. The water, cooled to around 5 degrees Celsius, will tran

Danfoss Reports 2025 Sales of EUR 9.4 Billion with Growth in Data Centre Segment Denmark: Danfoss reported total sales of EUR 9.4 billion (USD 10.2 billion) in 2025, representing organic growth of 3%. The company stated that exchange rate movements, including a weaker US dollar, reduced reported sales by around 3%. Operational EBITA reached EUR 1,213 million (USD 1,313 million), with an operational EBITA margin of 12.9%. Net profit for the year totalled EUR 446 million (USD 4

Acquires Limoco to Expand Industrial Ventilation Netherlands/Belgium: VDL Groep has acquired Limoco, a family-owned company based in Opglabbeek in the Flemish region of Belgium that provides industrial ventilation and extraction systems. Limoco was founded in 1975 and specialises in turnkey air technology projects, including industrial and residential ventilation and dust extraction systems. The company employs around 50 people and has reported annual turnover of approximatel

Trane Technologies Completes Acquisition of LiquidStack Ireland/USA: Trane Technologies announced that it has completed the acquisition of LiquidStack, a company specialising in liquid cooling technology for data centres. The transaction, previously announced on 10 February 2026, brings LiquidStack into Trane Technologies’ operations. LiquidStack is headquartered in Carrollton, Texas, United States. The acquisition forms part of Trane Technologies’ strategy to expand its port

Diversified Agriculture Partners with Vostermans Ventilation USA: Diversified Agriculture has entered into a distribution partnership with Vostermans Ventilation to supply Multifan ventilation systems to poultry operations across the United States. Under the agreement, Diversified Agriculture will act as the primary distributor for the products in the U.S. poultry sector. The partnership is intended to expand access to ventilation equipment used in poultry production and othe

Announces Air Conditioner Price Increase India: Daikin Airconditioning India Pvt. Ltd. has announced a air conditioner price increase of between 7% and 12% across its product portfolio, effective from April 2026. The adjustment follows rising input costs linked to currency depreciation, higher commodity prices and the implementation of revised energy-efficiency standards. The changes come as manufacturers in the consumer durables sector review pricing structures due to increa

Air Conditioner Prices in India Rise Ahead of Summer Season India: Room air conditioner manufacturers in India have announced price increases ranging from 5% to 15% between February and April 2026, ahead of the summer season. The adjustments are linked to higher raw material costs, including copper and aluminium, increased freight charges, currency depreciation and the introduction of revised energy-efficiency standards under the Bureau of Energy Efficiency (BEE). Manufacture

Opens HVAC Showroom Australia: Midea has opened a dedicated heating, ventilation and air conditioning showroom and experience centre in Melbourne, Australia. The facility presents systems from Midea Building Technologies, which focuses on commercial and trade HVAC equipment, together with residential air conditioning products from the company’s consumer portfolio. The centre will serve as a location for product demonstrations, training activities and engagement with contracto

EPA Launches RealWaterTA Initiative to Strengthen Drinking Water Systems USA: The US Environmental Protection Agency has introduced the RealWaterTA initiative to improve drinking water and wastewater systems by supporting utilities in upgrading aging infrastructure and meeting Safe Drinking Water Act requirements. The programme focuses on providing technical assistance in engineering, operations, financial planning and workforce development, with particular support for small

Ariston Reports 2025 Revenue Growth and Margin Expansion Despite Share Price Decline Italy: Ariston Holding NV reported its fourth quarter and full-year 2025 results, showing revenue growth and improved margins during the year. The company recorded four consecutive quarters of organic growth, while its share price declined by 12.95 percent to EUR 5.30 following the announcement. In the fourth quarter, net revenues reached EUR 747 million, representing organic growth of 2.1 p

10 Home Design Features That Help People Age Comfortably at Home USA: Design professionals highlight several home features that support comfortable and safe living as residents grow older. Wider doorways and hallways allow easier movement, particularly for wheelchairs or walkers, while step-free layouts reduce the risk of trips and falls. Curbless showers, grab bars and non-slip flooring are commonly recommended for bathrooms to improve safety and accessibility. Enhanced ligh

Builders Identify Key Forces Shaping Housing Affordability and Market Demand USA: US home builders have highlighted several economic and social trends influencing housing affordability and demand. Industry feedback indicates that the ageing housing stock is a major driver for construction activity, cited by 73% of builders. Meanwhile, the shift towards remote and hybrid working continues to influence housing preferences, with 65% noting its impact on demand patterns. Technolo

DIY Store Sales in Germany Decline in 2025 Germany: Sales at DIY stores in Germany declined in 2025, continuing the downward trend observed in recent years. Total sales in the sector fell by 1.6 percent compared with the previous year, reaching EUR 20.58 billion (approximately USD 22.3 billion). When adjusted for floor space, sales declined by 1.4 percent. The figures were released by the trade association BHB during a press conference held at the International Hardware Fair

Gaurs Group Plans US$ 27.3 million Investment in Precast Construction Facility in Noida INDIA: Gaurs Group has announced plans to invest US$ 27.3 million (₹2500 million) in establishing a precast manufacturing and modular construction facility in Noida. The investment follows a memorandum of understanding with Elematic India, part of Finland-based Elematic Group. In the first phase, around US$ 10.9 million (₹1000 million) will be used to build a precast plant that will produc

Mode London to Join E.ON’s Low-Carbon Heat Network in the City of London UNITED KINGDOM: E.ON has signed an agreement to connect Mode London to its district heat network in the City of London. The deal marks the first ‘sleeved’ heat supply from the Citigen Energy Centre and establishes a partnership expected to run into the 2040s. Through this arrangement, Mode London will receive low-carbon heating generated by ground source heat pumps at Citigen, helping improve the buildin