Daikin chases energy-saving tech with eye on Samsung-Tesla tie-up

Japanese AC manufacturer taps demand for efficient inverters and heat pumps

20240215N Daikin

Daikin Industries anticipates long-term demand for energy-efficient heat pumps. (Photo by Hisashi Iwato)

HISASHI IWATO, Nikkei staff writer

OSAKA -- With worldwide electricity demand from air conditioners set to skyrocket in the coming decades, global market leader Daikin Industries is seeking new energy-saving methods to maintain its edge over rivals like Samsung.

The International Energy Agency estimates 3,350 gigawatts of generating capacity will be needed to meet global demand for space cooling in 2050, up roughly fourfold from 2016, as adoption spreads in emerging markets like India and African nations.

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