The HVAC Market is the Focus of LG Electronics' Ultra-Large Air Conditioner Chiller

Korea: According to a statement released by LG Electronics on the first, Chiller has experienced an average sales rise of about forty percent in international markets over the course of the past three years.

By passing cold water through a heat exchanger, a chiller is a type of cooling plant that generates cool breeze during the chilling process. Large buildings and factories are the most common places where it is implemented. The year 2011 marked LG Electronics' entry into the chiller market through the acquisition of the air conditioning unit owned by LS Mtron. Since that time, it has broadened its product offerings to include air conditioners for commercial and residential usage, central air conditioning chillers, nuclear power chillers, and Building Management Solutions (BMS).

By doing so, LG Electronics has elevated itself to the position of becoming the most comprehensive cooperative firm in Korea. Sales have increased by more than fifteen percent annually over the previous three years, and it has continued to expand both domestically and internationally. Additionally, in 2023, it reported an increase in sales of nearly thirty percent in comparison to the previous year. The chiller products that LG Electronics manufactures are now being manufactured in Pyeongtaek, Korea, as well as Cheongdo, China.

Source: Maeil Business Newpaper(MK)