European heat wave brings in cool cash for Asian air-conditioner makers as sales surge

Live updates

1. 28d ago

   Asian Air Conditioner Makers See Sales Surge Amid European Heatwaves

   Record-breaking temperatures in Europe have triggered a boom in air conditioner sales. Asian manufacturers including Samsung, Midea, and Mitsubishi Electric are capitalizing on a market where cooling systems were previously rare. High temperatures have disrupted power supplies and forced school closures.

   What's confirmed:

   • Asian air conditioner manufacturers including Samsung Electronics, Midea, and Mitsubishi Electric are experiencing a sales boom in Europe.
   • Europe is facing record-breaking temperatures and red-alert heatwaves.
   • Air conditioning is rare in Europe compared to major Asian cities.
   • Searing heat in Europe has caused deaths, shut down schools, and disrupted power supplies.

   Still unconfirmed:

   • Austria, Slovenia, and Bosnia issued red alerts for high temperatures.
   Sources used for this update (15)

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   confidence 85%