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