China owns the supply chain and can squeeze anytime tensions spike.

🇨🇳 China dominates the global air-conditioning market, producing over 80% of the world’s units.

With heatwaves driving demand higher, countries like the U.S., Japan, and South Korea, where AC penetration is over 88% of homes, remain some of the biggest consumers.

Analysts say… pic.twitter.com/7UZXANaam2

— Mario Nawfal (@MarioNawfal) July 6, 2026