Panasonic: Expediting Growth of Business for Air-to-water Heat Pumps for Europe

Osaka, Japan - Panasonic Corporation today announced that its Heating & Ventilation A/C Company is expediting its growth strategy for its air-to-water (A2W) heat pumps business in Europe. The company plans to release three new environmentally conscious models for homes (with different heating capacities) using natural refrigerants in Europe in May 2023, a first for a Japanese manufacturer,1 and to more than double the lineup by fiscal year ending in March 2026. To meet active demand it is investing approximately 50 billion yen up to fiscal year ending in March 2026 to enhance production capacity at both its factories in the Czech Republic and Malaysia and to boost technology development capabilities at its new R&D Center and expand its cloud-based maintenance solutions business and marketing.