Midea

Air Conditioning Market size to grow by USD 19.65 billion from 2022 to 2027, Rise in residential construction activity to drive market growth - Technavio

Retrieved on: 
Thursday, November 2, 2023

Hence, the increasing demand for inverter air conditioners to save energy will drive the growth of the global air conditioning (AC) market during the forecast period.

Key Points: 
  • Hence, the increasing demand for inverter air conditioners to save energy will drive the growth of the global air conditioning (AC) market during the forecast period.
  • Some of the key Air Conditioning Market Players:
    The air conditioning market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
  • The market share growth by the splits segment will be significant for overall market growth during the forecast period.
  • The global railway AC units market size is estimated to grow by USD 3,116.8 million between 2022 and 2027 at a CAGR of 5.93%.

MIDEA EARNS 2024 AHR EXPO INNOVATION AWARD

Retrieved on: 
Tuesday, October 24, 2023

PARSIPPANY, N.J., Oct. 24, 2023 /PRNewswire/ -- Midea, the World's No.1 Air Treatment Brand*, is proud to announce that its Packaged Window Heat Pump (PWHP) was chosen as a winner of the 2024 AHR Expo Innovation Awards. Winners are chosen annually in ten industry categories, representing the most innovative products and technologies in the market. Recognized in the Sustainable Solutions category, Midea's PWHP was developed to support multi-family buildings' transition towards electrification and provides a cost-effective solution for buildings looking to quickly meet future sustainability requirements.

Key Points: 
  • PARSIPPANY, N.J., Oct. 24, 2023 /PRNewswire/ -- Midea, the World's No.1 Air Treatment Brand*, is proud to announce that its Packaged Window Heat Pump (PWHP) was chosen as a winner of the 2024 AHR Expo Innovation Awards.
  • "Midea is honored to receive the prestigious AHR Expo Innovation Award, underscoring our innovative approach and commitment to promoting sustainable energy solutions for multi-family buildings," said Kurt Jovais, President of Midea America.
  • "This award marks a key milestone, emphasizing the crucial role of innovative, cost-effective solutions in advancing global sustainability."
  • Midea's PWHP and complete portfolio of air conditioning and heating solutions will be on display in the company's booth (#S10371) at the 2024 AHR Expo January 22-24 at McCormick Place in Chicago.

CLOU Signed Another ESS Supplying Contract to South American, with a Volume Capacity of 437MWh

Retrieved on: 
Friday, October 20, 2023

SHENZHEN, China, Oct. 19, 2023 /PRNewswire/ -- CLOU Electronics and a well-known energy enterprise in the South Americas have officially signed the "BATTERY ENERGY STORAGE SYSTEM Supply Agreement".

Key Points: 
  • SHENZHEN, China, Oct. 19, 2023 /PRNewswire/ -- CLOU Electronics and a well-known energy enterprise in the South Americas have officially signed the "BATTERY ENERGY STORAGE SYSTEM Supply Agreement".
  • According to the contract, CLOU will sell a container type battery energy storage system with a total capacity of 437MWh to the customer through DDP.
  • In recent years, the global business of CLOU ESS has been continuously accelerating, obtaining large orders for projects in the United States, South America, and other countries, accelerating the expansion of global energy storage business.
  • According to international consulting firm Orenia, the top six independent energy storage operation profitability projects in the US in 2021 also come from CLOU.

Midea Exceeds Performance Benchmarks in Department of Energy's Cold Climate Heat Pump Technology Challenge

Retrieved on: 
Monday, October 16, 2023

LOUISVILLE, Ky., Oct. 16, 2023 /PRNewswire/ -- Midea America, a manufacturing partner of the Department of Energy's (DOE) Cold Climate Heat Pump Technology Challenge, has completed lab testing with its forthcoming cold-climate heat pump system and is proud to announce the outstanding results. Midea's 3-ton model achieved 118% of rated capacity heating output at -15 degrees Fahrenheit – meaning the Midea unit can utilize the heat pump for primary heating, reducing the need for auxiliary heat strips or other heating sources. The Midea system delivered tremendous efficiency at -15 degrees F with a Coefficient of Performance (COP) of 1.92 – surpassing the Energy Star cold climate benchmark of 1.7 COP at 5 degrees F – despite doing it at a temperature 20 degrees below the testing standard.

Key Points: 
  • Homeowners
    LOUISVILLE, Ky., Oct. 16, 2023 /PRNewswire/ -- Midea America, a manufacturing partner of the Department of Energy's (DOE) Cold Climate Heat Pump Technology Challenge, has completed lab testing with its forthcoming cold-climate heat pump system and is proud to announce the outstanding results.
  • The DOE launched the Cold Climate Heat Pump Technology Challenge initiative in 2021 to spur the development of energy-efficient heat pump technologies that can perform effectively in all American climates, even northern regions during harsh winters.
  • "Midea commends the DOE for launching the Cold Climate Heat Pump Technology Challenge and helping to accelerate the development of higher efficiency heat pump systems, and I'm proud of our industry – especially the innovative R&D team at Midea – for rising to the challenge."
  • Midea's forthcoming cold climate heat pump system now advances into the DOE's field test phase, with production units slated to be available in the summer of 2024.

Huawei Unveils LampSite X to Unleash Indoor Digital Potential

Retrieved on: 
Friday, October 13, 2023

LampSite X can meet various indoor digitalization requirements.

Key Points: 
  • LampSite X can meet various indoor digitalization requirements.
  • LampSite X comprehensively upgrades digital indoor capabilities to provide all-scenario 5.5G applications for consumers and connect more scenarios of more industries.
  • In toB scenarios, LampSite X's multi-dimensional digital indoor capabilities will bring greater efficiency to fully connected factories.
  • Yang concluded by stating that "LampSite X opens up many new digital opportunities to us.

Midea RAC Thailand Factory delivered 1 Millionth AC Set, Opening a New Chapter in Smart Manufacturing

Retrieved on: 
Thursday, October 12, 2023

PATTAYA, Thailand, Oct. 12, 2023 /PRNewswire/ -- On October 10, themed "Innovating for the Future", Midea RAC Global Customer Conference & Delivery Ceremony of the Millionth Set of Midea RAC Thailand Factory was held in Thailand.

Key Points: 
  • PATTAYA, Thailand, Oct. 12, 2023 /PRNewswire/ -- On October 10, themed "Innovating for the Future", Midea RAC Global Customer Conference & Delivery Ceremony of the Millionth Set of Midea RAC Thailand Factory was held in Thailand.
  • Midea RAC Factory in Chonburi, Thailand, which cost over USD 137 million, has produced its millionth unit within less than one year after its launch in November 2022.
  • Since passing the milestone of exporting its millionth unit in 2003, Midea RAC can export more than 30 million units annually.
  • Midea RAC will provide green and smart living experiences for more users, as it continues to pursue its "going upward and outward" and localization strategy amidst its global expansion.

Midea RAC Thailand Factory delivered 1 Millionth AC Set, Opening a New Chapter in Smart Manufacturing

Retrieved on: 
Thursday, October 12, 2023

PATTAYA, Thailand, Oct. 12, 2023 /PRNewswire/ -- On October 10, themed "Innovating for the Future", Midea RAC Global Customer Conference & Delivery Ceremony of the Millionth Set of Midea RAC Thailand Factory was held in Thailand.

Key Points: 
  • PATTAYA, Thailand, Oct. 12, 2023 /PRNewswire/ -- On October 10, themed "Innovating for the Future", Midea RAC Global Customer Conference & Delivery Ceremony of the Millionth Set of Midea RAC Thailand Factory was held in Thailand.
  • Midea RAC Factory in Chonburi, Thailand, which cost over USD 137 million, has produced its millionth unit within less than one year after its launch in November 2022.
  • Since passing the milestone of exporting its millionth unit in 2003, Midea RAC can export more than 30 million units annually.
  • In 2022, Midea ranked No.1 in China by domestic sales and exports and globally by sales of the eco-friendly R290 series.

Midea Announces First Anti-Corrosion Solution for Air Conditioners

Retrieved on: 
Monday, September 25, 2023

The solution, featuring proprietary Hyper Grapfins and sheet metal coatings, is integrated into two eco-friendly, energy efficient Midea HVAC systems, BreezelessE and PenroseAir.

Key Points: 
  • The solution, featuring proprietary Hyper Grapfins and sheet metal coatings, is integrated into two eco-friendly, energy efficient Midea HVAC systems, BreezelessE and PenroseAir.
  • This innovative technology provides comprehensive protection against salty, humid air, enhancing the durability and lifespan of both indoor and outdoor units.
  • Air conditioning in coastal regions can be challenging due to the corrosive effects of salt air on the critical components, leading to costly maintenance and replacements for restaurateurs and hotel owners.
  • The anti-corrosion solution maintains air conditioner performance and caters to island users' needs, reflecting its commitment to sustainability and regional customization.

Midea Announces First Anti-Corrosion Solution for Air Conditioners

Retrieved on: 
Monday, September 25, 2023

The solution, featuring proprietary Hyper Grapfins and sheet metal coatings, is integrated into two eco-friendly, energy efficient Midea HVAC systems, BreezelessE and PenroseAir.

Key Points: 
  • The solution, featuring proprietary Hyper Grapfins and sheet metal coatings, is integrated into two eco-friendly, energy efficient Midea HVAC systems, BreezelessE and PenroseAir.
  • This innovative technology provides comprehensive protection against salty, humid air, enhancing the durability and lifespan of both indoor and outdoor units.
  • Air conditioning in coastal regions can be challenging due to the corrosive effects of salt air on the critical components, leading to costly maintenance and replacements for restaurateurs and hotel owners.
  • The anti-corrosion solution maintains air conditioner performance and caters to island users' needs, reflecting its commitment to sustainability and regional customization.

HKTDC Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo to be Staged in October

Retrieved on: 
Thursday, September 21, 2023

The Debut "Connected Lighting" Zone features renowned brands

Key Points: 
  • International Outdoor and Tech Light Expo gathers a series of commercial and industrial lighting fixtures, providing buyers with a one-stop sourcing platform.
  • In response to the upsurge of home smart lamps, smart lighting systems applied in public spaces have become a major industry trend.
  • The "Outdoor and Public Lighting" zone and the "Outdoor Advertising Lighting" zone will continue to display lamps for outdoor public spaces and outdoor advertising.
  • In the seminars, industry leaders will discuss lighting technology applications and opportunities regarding smart and connected technology, healthy lighting, sustainable development of the lighting industry, green lighting design, etc.