UAE Business: Daikin invests $13.34m to boost VRV production for Mideast – Gulf Digital News

UAE Business: Daikin invests $13.34m to boost VRV production for Mideast – Gulf Digital News

Daikin, a leading provider of advanced, high-quality air conditioning solutions, has invested 13 million euros ($13.34 million) to produce VRV (variable refrigerant volume) systems for the Middle East at its new factory in Turkey.

This is at a time the global HVAC (heating ventilation and air conditioning) VRV market size is valued at $12.2 billion in 2020 and is expected to reach $29.2 billion by 2027 growing at a CAGR of 11.5%.

Daikin’s decision to expand production is based on its strategy to manufacture closer to the regional markets, ultimately shortening supply lead times and furthermore, enables the company to respond to demand in a flexible manner. The Turkey unit has been operational since May 2022.

Cutting-edge technology

The new VRV production lines at the Turkish factory are equipped with the latest cutting-edge technology to optimise sustainability, efficiency, and quality control. The factory has also been equipped with an energy saving exhaust-heat-recovery system. With the introduction of the new facility, Daikin reinforces the company’s vision to produce high quality products for the Middle East, while reducing its environmental impact.

The EMEA (Europe, Middle East and Africa) market for HVAC-R systems is expected to see a strong growth over the next few years. The strong increase