Shinsung and KD Navien Expand Heat Pump Efforts Amid Green Push

Shinsung

South Korea: South Korean HVAC manufacturers Shinsung Engineering and KD Navien are ramping up efforts in the growing heat pump segment as part of their sustainability and export expansion strategies. The domestic market, valued at roughly US$ 1.4 -2.1 billion, is expected to grow around 10% annually due to government incentives and green energy policies. The company is also focusing on developing geothermal and water-source systems for commercial buildings, while KD Navien has launched its NAZ air-source models targeting the North American market. Both companies aim to strengthen their presence in international markets as the demand for low-carbon heating alternatives increases.

Source: Pulse