Most homes in hot counties have not yet purchased their first Air Conditioner, for example India has less than 5% penetration. Japan leads the world, with over 91% of households having AC today, followed by the USA with 90%, Korea at 86%, Saudi Arabia at 63%, and China at 60%, with Mexico down to 16% and other countries well below that. Most Europeans don’t have or have previously needed AC, with France about 5% and Germany about 1%, but long duration severe heat waves there recently are quickly changing AC from a luxury item to a survival item. I chat about all the details, and about the need to increase efficiencies.
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