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