Daikin Industries announced the intention to invest 300 million euros to establish a new factory for heat pump units at the Ksawerów Industrial Park in Lodz Province, Poland. The new production base will start operations in July 2024 to meet the rapidly increasing demand for heat pumps in Europe.

Over the past decade, the European heat pump heating market has grown by an average annual rate of 10% to achieve sales of 1 million units in 2021. The European Green Deal policy, which aims to eliminate greenhouse gas emissions in the EU region by 2050, has further accelerated the spread of heat pumps. Market expansion is forecast to hit annual sales of at least 3 million units by 2025.