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Mitsubishi Heavy Industries in major move on European heat pump market

Mitsubishi Heavy Industries is to enter the air-to-water heat pump market after confirming a deal with Swedish manufacturer NIBE.

The two companies have signed a business collaboration agreement regarding joint product development.

This will allow them to develop energy efficienct units combining Mitsubishi Heavy Industries DC inverter technology for outdoor units developed by its air-conditioner business and NIBE's hot water supply technology.

Mitsubishi Heavy Industries plans to target the residential heating and hot-water supply market in western and northern Europe.

The two companies will market their products under their own brand names through their respective sales networks.

For more information click here