Heat pumps drive Daikin Europe to record sales

Daikin Europe NV headquarters in Ostend

BELGIUM: Sturdy European desire for heat pumps assisted Daikin Europe NV realize record gross sales of €5.2bn in the calendar year to March 31, a 20% boost on final year.

Profits of household warmth pumps are mentioned to have developed by about 50%, outperforming the market. 

Daikin studies that the “significant” revenue expansion was accomplished regardless of the ongoing world-wide worries of ongoing factors scarcity, supply chain disruptions, the European electricity crisis, higher inflation and decrease obtaining power.

“Despite challenging economic headwinds, Daikin Europe’s strong growth in 2022 exceeds the ambitious targets of our 5-12 months strategic Fusion 25 strategy. Our minimal-carbon heating and cooling innovations developed in and for EMEA continue on to help the region’s electrical power changeover,” commented Masatsugu Minaka, Daikin Europe’s chairman

Daikin attributes its amplified market share to its current investments in European generation capacity. “With the growing need for heat pumps, our provide and manufacturing organisation was able to enhance output output further than first programs, in spite of challenging and irregular element resources,” discussed Takayuki Kamekawa, Daikin Europe’s vice-president product sales. “As a consequence, we realised much more than 150% heat pump heating turnover advancement when compared to the previous fiscal calendar year.”

The put up-covid European professional market place, continue to confirmed instability in retail and hospitality business investments, Daikin says, but its strongest asset proved to be the nicely-positioned line-up for mild commercial applications this sort of as smaller data centres and warehousing, and great availability of significant business VRV ranges.

In the refrigeration phase, small demand from food stuff retail chains is explained to have had a damaging influence on the benefits of Daikin Europe’s subsidiary AHT.


Daikin Europe created a selection of vital investments in 2022, in addition to the acquisition of Italian technological service supplier Landi SpA. These involved in excess of €90m investments to broaden functions in its heat pump factories in Belgium, Germany, Czech Republic and Turkey and an investment decision of €300m in a new household warmth pump factory in Poland. 2022 also marked the opening of Daikin’s initially manufacturing unit in Saudi Arabia for the output of air handling units and applied air conditioning alternatives.

The Daikin Europe team also welcomed in excess of 1,200 new workforce in 2022, increasing its workforce by about 10%. It programs to recruit a additional 7,000 persons before 2030, virtually doubling its current staffing from 12,800 to 20,000 workers in EMEA.

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