LG Electronics Secures 1,500 Heat Pump Orders to Expand Presence in Europe
- brg_news_room
- Jul 7
- 1 min read
EUROPE: LG Electronics has strengthened its position in Europe's growing heat pump market by securing orders to supply heating and cooling solutions for approximately 1,500 residential units in Spain and Serbia. The company will install its high-efficiency Multi V i and Multi V S heat pump systems in large housing developments near Madrid and Belgrade, offering integrated heating, cooling, and hot water solutions. LG is also expanding its eco-friendly portfolio with the Therma V R290 Monobloc and has surpassed 100,000 heat pump installations across Southern Europe. Supported by Europe's electrification initiatives, the regional heat pump market is projected to reach US$46 billion by 2032.
Source: Seoul Economic Daily
