Branch² Intelligence
Amid heatwaves , Europeans turn to prized Chinese air - conditioner
Key takeaway
European heatwaves drive record demand for portable air-conditioners, boosting Chinese manufacturers Midea, TCL, and Gree.
- Step 1European heatwaves drive record demand for portable air-conditioners, especially Midea's PortaSplit.
- Step 2Chinese manufacturers Midea, TCL, Gree increase production and exports to Europe, straining component supply chains.
- Step 3Freight capacity from Asia to Europe tightens, raising container shipping rates and delivery lead times.
- Step 4UK SMEs face higher costs and longer waits for AC units and related cooling equipment, impacting installation and service businesses.
Source: bbc.com
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