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Feb 15, 2024 - 22:13
By asia.nikkei.com

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

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.