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 CNN
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Asian AC firms benefit from Europe heat wave

Asian AC firms benefit from Europe heat wave

Asian air conditioner manufacturers, including Samsung, Midea, and Mitsubishi Electric, are experiencing high sales due to a severe heatwave across Europe, where temperatures are rising sharply. While Asia sees strong demand, Europe’s low air conditioner ownership — around 20% — and high installation costs hinder widespread adoption despite record-breaking heat. The heatwave has increased demand for cooling devices, especially in countries like France, Spain, and Germany.

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