Projected to reach $183.0B by 2033 (7.2% CAGR). — Source: Grand View Research · 2026 · https://www.grandviewresearch.com/industry-analysis/air-conditioning-systems-industry

Daikin Applied announced a major expansion of its modular HVAC manufacturing to meet growing demand. — Source: Daikin · 2026-10-14 · https://www.daikin.com/press/2026/20261015_1

— Source: LG Newsroom · 2026-09-07 · https://www.lg.com/global/newsroom/news/eco-solution/lg-electronics-expands-thinq-up-for-residential-air-conditioners-across-europe/

— Source: Daikin · 2026-07-06 · https://www.daikin.com/press/2026/20260706

LG expanded its European heat pump lineup, reinforcing its residential heat pump business. — Source: LG Newsroom · 2026-06-17 · https://www.lg.com/global/newsroom/news/eco-solution/lg-electronics-strengthens-european-heat-pump-position-with-diverse-portfolio/

Daikin opened a new heat pump manufacturing site in Poland to expand European production capacity. — Source: Daikin · 2026-05-21 · https://www.daikin.com/press/2026/20260522

— Source: Daikin · 2026-05-12 · https://www.daikin.com/press/2026/20260512_6

Midea presented its R290 series (12 production lines, 6.4M-unit annual capacity), ECOMASTER AI system, PortaSplit, and H-Pack, emphasizing natural refrigerants and energy efficiency. — Source: Midea Newsroom · 2025-11-18 · https://www.midea.com.cn/en/about-midea/news/midea-at-the-2025-c-r-exhibition-in-madrid

— Source: Carrier Residential News · 2025-11-04 · https://www.carrier.com/residential/en/us/news/news-article/carrier-recognized-by-u-s–department-of-energy-as-energy-skilled-training-provider-for-heat-pump-installation.html

— Source: Nasdaq (Zacks Equity Research) · 2025-10-30 · https://www.nasdaq.com/articles/trane-technologies-tt-reports-q3-earnings-what-key-metrics-have-say