Shift To Lead-Free Materials Reshapes Plumbing Component Design Global: The transition to lead-free materials in plumbing components is progressing across the industry, supported by regulatory changes and increased focus on water quality. Manufacturers are adopting engineered polymers in applications such as faucet mixing valves, where components are required to operate under conditions including high temperatures, pressure variation and continuous exposure to water. These ma

Systemair reports 6% sales growth in Q1 2026/27 Global: Systemair reported a 6% increase in net sales to SEK 3.28 billion (approximately USD 354 million) in the first quarter of its 2026/27 financial year, covering May to July 2026. Organic growth was also 6%, with all regions contributing to the increase. Adjusted operating profit rose to SEK 324 million (approximately USD 35 million), compared with SEK 288 million (USD 29.84 million) in the corresponding period a year earli

Danfoss Reports 15% Organic Growth in First Half of 2026 Global: Danfoss reported 15% organic growth in the first half of 2026, with sales reaching EUR 5.3 billion (USD 6.2 billion). Growth and order intake increased across its three business segments, while operational EBITA rose 44% to EUR 813 million (USD 948 million), resulting in an operating margin of 15.3%, up 3.5 percentage points from the same period last year. Cash flow increased to EUR 164 million (USD 191 million)

NIBE Reports Continued Organic Growth in Second Quarter of 2026 Global: NIBE reported continued underlying organic growth in the second quarter of 2026, marking the sixth consecutive quarter of growth compared with the corresponding period of the previous year. Operating profit and operating margin also improved for the sixth consecutive quarter. The company told US tariffs had been partly offset in two of its three business areas, while NIBE Stoves was more affected. It also

Geberit Reports 5.9% Currency-Adjusted Sales Growth in H1 2026 Global: Geberit reported net sales of CHF 1.71 billion (USD 2.16 billion) in the first half of 2026, up 5.9% on a currency-adjusted basis and 2.8% in Swiss francs. EBITDA increased 3.0% to CHF 529 million (USD 668 million), while the EBITDA margin stood at 30.9%. Currency-adjusted sales growth was recorded across most European markets, with Eastern Europe increasing 11.8%, Switzerland 9.7%, Italy 6.9%, Benelux 6.7

Strait of Hormuz Disruption Reduces Energy and Industrial Trade Global: Disruptions to shipping through the Strait of Hormuz have reduced global trade in energy, fertilisers and industrial products, according to an update from the International Trade Centre (ITC). The strait accounts for around one-quarter of global seaborne oil trade and a significant share of liquefied natural gas (LNG) and fertiliser shipments, including approximately one-third of globally traded urea. Sin

IIR Publishes Briefing Note on Dehumidification Technologies for Energy-Efficient Air Conditioning Global: The International Institute of Refrigeration (IIR) has published "Dehumidification in Air Conditioning," the 62nd note in its Briefing Notes on Refrigeration Technologies series, highlighting the role of moisture removal in improving indoor comfort and HVAC energy efficiency. The report notes that, in hot and humid climates, HVAC systems can account for more than 50% of

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

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

Samsung Wind-Free Air Conditioner Surpasses 20 Million Units in Sales South Korea/Global: Samsung Electronics has announced that cumulative global sales of its Wind-Free Air Conditioner have exceeded 20 million units as of June 2026, marking the product's tenth anniversary since its launch in 2016. The company said it will continue expanding its presence in the business-to-business (B2B) HVAC market across Europe, Asia, and Central and South America. In Europe, Samsung has su

Handshake Carrier Global Corporation has completed the sale of its Riello business to Ariston Group for gross proceeds of approximately USD 440 million. "The sale of Riello reflects Carrier's disciplined portfolio management as we continue to focus our resources on delivering differentiated climate and energy solutions. Sale proceeds enhance our ability to invest in our core businesses, innovation and value creation for our customers and shareowners," said David Gitlin, Chair

A.O. Smith Announces Board Leadership Transition Global: A.O. Smith Corporation announced that Executive Chairman Kevin Wheeler will retire from his role on 1 July 2026. Following his departure, President and Chief Executive Officer Stephen Shafer will assume the position of Chairman of the Board, while Wheeler will continue to serve as a board member. The company stated that the transition follows more than three decades of leadership by Wheeler. A.O. Smith manufactures wate

HVAC Industry Responds to Growing Scrutiny Over Data Centre Expansion Global: Growing investment in data centres is creating new opportunities for the HVAC industry while also increasing public scrutiny over energy consumption, water use, electricity costs and noise. According to McKinsey & Company, global data centre infrastructure investment could reach USD 6.7 trillion (EUR 5.8 trillion) by 2030. At the same time, industry sources noted that local opposition has intensifie

BRG is pleased to announce the recent publication of the 2026 Heating market reports for its tiers 1 countries. BRG reports provide an in-depth overview of the most recent developments in the Heating markets in several European countries, including market trends, price developments, sales per sector, supply structure, and distribution patterns. European HVAC Market: 2025 Developments Across European HVAC markets, 2025 was marked by weak construction activity, policy uncertain

Mitsubishi Heavy Industries Reports FY2025 Growth Japan: Mitsubishi Heavy Industries (MHI) reported increases in order intake, revenue, business profit, net income and free cash flow for FY2025. Order intake rose 20% year on year to JPY 7,653.6 billion (approximately USD 51.0 billion), while revenue increased 14% to JPY 4,974.1 billion (approximately USD 33.2 billion). Business profit increased 22% to JPY 432.2 billion (approximately USD 2.9 billion). The company stated that

Bathroom Villeroy & Boch reported a satisfactory performance in the first quarter of 2026 despite operating in a difficult market environment influenced by ongoing geopolitical tensions and global economic uncertainty. The company experienced a decline in revenue, mainly due to the divestment of its northern European Gustavsberg and Vatette businesses along with unfavorable currency movements. However, underlying demand trends remained relatively stable on an adjusted basis.

Daikin Daikin delivered stable growth in FY2024/25, supported by continued global demand for HVAC solutions despite challenging market conditions in several regions. The company reported higher net sales and improved profitability, driven by strong performance in commercial and industrial HVAC businesses, turnkey services, and energy-efficient solutions. Growth in sectors such as data centres, healthcare, hospitality, and industrial applications helped offset weaker residenti

Global Heat Pump Sales Decline Slightly in 2025 Global: Global heat pump sales declined by around 2% in 2025, with mixed trends across major markets. Sales in China and Japan remained largely stable, while Europe recorded growth of 11%, supported by increased demand in Germany, where sales rose in the first half of the year and heat pumps exceeded gas boiler sales. In contrast, France reported a decline, and the United States saw sales fall by approximately 13%, influenced by

Higher Cooling Energy Performance Standards Global: Ten multinational companies, including ABB, Danfoss, and Johnson Controls, have urged policymakers to adopt higher minimum energy performance standards for air conditioners and other major appliances. The call forms part of five global policy principles launched by the Climate Group Smart Energy Coalition, which represents more than 100 companies focused on improving energy efficiency across buildings and industry. The coali