René Muschter
Research Expert covering Industry & Mobility
HVACR industry in South Korea - statistics & facts
While various solutions have been utilized all over the world to adapt to all types of climates and geographies, climate change has created new challenges and opportunities for the heating, ventilation, air conditioning, and refrigeration (HVACR) industry. This is no exception for South Korea. On top of heatwaves, in 2022 the country saw its coldest winter in nearly 50 years. Indeed, this has led to increased demand for energy-efficient systems among households for both heating and cooling to buffer against such temperatures. Companies that produce these appliances, such as LG Electronics, Daewoo Electronics, and Autec Carrier, stand to gain the most from this demand.
