Core Insights - The 2025 China Refrigeration Exhibition showcased significant advancements in the refrigeration and air conditioning industry, with a record scale and participation from nearly 1,200 exhibitors from 32 countries, indicating a growing interest from foreign buyers [1][2] - The industry is transitioning from "scale expansion" to "quality improvement," driven by global energy transformation and AI technology, positioning China as a leader in intelligent manufacturing [1][6] Industry Trends - The exhibition highlighted the increasing popularity of heat pumps and cold chain equipment among overseas buyers, reflecting a shift in demand towards energy-efficient technologies [2] - Key technologies such as heat pump systems, data center cooling, and intelligent equipment are emerging as industry highlights, with companies making breakthroughs in clean heating and energy storage [3][5] Technological Innovations - Qingdao Beiyang Technology introduced a high-temperature heat pump system capable of reaching water temperatures of 99°C, addressing industrial high-temperature needs and marking a significant technological breakthrough [4] - Haier Smart Home showcased the world's first gas suspension heat pump centrifugal unit, which can reduce maintenance costs and achieve a 30% energy saving through AI technology [4] Market Dynamics - The heat pump market in China is projected to exceed 100 billion yuan by 2025, with specific segments like photovoltaic heat pumps expected to grow at an annual rate of over 50% [5] - The cold chain market is rapidly evolving, driven by demand from fresh e-commerce and pharmaceuticals, although challenges such as fragmentation remain [5][6] International Expansion - Companies are increasingly focusing on international markets, with strategies including acquiring European heat pump firms and establishing production bases in countries like Brazil and Indonesia to mitigate tariff risks [7][8] - The 2025 China Refrigeration Exhibition plans to set up overseas sub-exhibitions, starting in Saudi Arabia, to tap into the growing construction market in the Middle East and Southeast Asia [8]