Growing demand for data center cooling drives M&A in HVAC

The global market for air-conditioning and refrigeration systems is expected to grow, driven by demand for energy-efficient solutions and the expansion of data centers in Europe. This trend is fueling acquisitions like Mitsubishi Electric's purchase of Crystal Air to offer integrated installation and maintenance services for data center operators.

“The global market for air-conditioning and refrigeration systems is expected to grow, driven by increased demand for replacing systems with energy-efficient solutions using low-GWP refrigerants, and replacing fossil fuels.”

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