Cover Story
Major Acquisitions Resculpt the Global HVAC Industry
Global energy, resources, and environmental crises have accelerated global changes in the heating, ventilation, and air conditioning (HVAC) market. The residential and light commercial segments have become the focus of attention of various industry giants. In this context, on July 23, 2024, Bosch announced its plan to take over the global residential and light commercial HVAC business of Johnso...
Global AC Market Grows Slowly, But India Performs Well — Rev
In the first half of 2024, the global air conditioner market experienced slow growth in a complex environment, influenced by factors such as stable yet sluggish economic recovery, significant fluctuat...
Daikin Celebrates Its 100th Anniversary –Onward Forever with
One hundred years ago, Daikin was founded in Osaka Prefecture, Japan, as a small local factory with 15 people, which currently has grown into a leading air conditioning manufacturer with 125 productio...
Europe to Achieve Carbon Neutrality with Healthy Heat Pump M
The European air-to-water (ATW) heat pump market, which grew explosively during the period spanning 2020 to 2022, is currently facing various challenges. Issues are arising throughout the industrial p...
Daikin to Change Its Representative Directors
On May 9, 2024, Daikin held a press conference to announce drastic changes in its representative directors during its 100th anniversary year. According to the announcement, Noriyuki Inoue will step...
China Accelerates Decarbonization— Report on CR 2024 in Beij
On April 8 to 10, 2024, China Refrigeration Expo 2024 (CR 2024), the 35th International Exhibition for Refrigeration, Air-Conditioning, Heating and Ventilation, Frozen Food Processing, Packaging and Storage, was held on a grand scale at the China International Exhibition Center in Beijing, which became the host city again after a six-year break. Under the theme of ‘More Digital Intelligen...
Panasonic GREEN IMPACT — Its R290 Commercial Heat Pumps to D
On March 13, during the Mostra Convegno Expocomfort (MCE) 2024 held in Milan, Italy, Panasonic held a press conference on its European business strategies and new air-to-water (ATW) heat pumps at the ...
Mostra Convegno Expocomfort— Beyond Comfort
In the heart of Milan, Italy, Mostra Convegno Expocomfort (MCE) stands as a beacon of innovation and sustainability in the heating, ventilation, air conditioning, and refrigeration (HVAC&R), renew...
Reshaping the U.S. Heating Market with Heat Pumps — Report o
On January 22 to 24, 2024, AHR Expo, International Air-Conditioning, Heating, Refrigerating Exposition, was held on a grand scale at McCormick Place in Chicago, the United States. The area around the ...
Haier to Acquire Carrier’s Commercial Refrigeration Business
– Haier Refrigeration Business to Expand from B2C to B2B, a Milestone Leap On December 14, 2023, Haier Smart Home announced that it had entered into an agreement with Carrier Global to acquire Carrier’s global commercial refrigeration business through acquiring 100% of the equity interest in Carolin Holdings, a Netherlands-based commercial refrigeration specialist in the Carrier Glo...
