“Chinese companies control two-thirds of the global market for air conditioning, according to researcher Euromonitor International. And they’re growing fast, particularly in Europe. Exports of AC units from China to the European Union hit $3.8 billion in the first half of 2026, up 43% from a year earlier, customs data show. TCL says orders from Europe climbed more than two-thirds in the first half from the same period last year, with sales of portable units surging by more than 90%. Haier reports its sales in France, Germany and the UK more than doubled in June from the same month last year. And Midea says AC revenue in four key European countries rose more than 70% in the first half.”

From Bloomberg.