A record-breaking European heat wave is driving a surge in air conditioner sales for Asian manufacturers like Samsung, Midea, and Mitsubishi. Historically, only 20% of European households own AC units, compared to 90% in the US and Japan. This low adoption is rooted in high electricity costs, complex installation requirements for older buildings, and environmental concerns, with 78% of French citizens viewing AC as eco-unfriendly. However, as the World Meteorological Organization reports Europe is warming at twice the global average, extreme heat is forcing a shift in consumer behavior.
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