TOKYO -- The market for energy-saving heat pumps in Europe is slowing as countries cut subsidies, but Japanese manufacturers like Daikin and Panasonic Holdings have bet big on their spread and are continuing to invest, anticipating medium- to long-term growth.
Electronics
Daikin, Panasonic invest in cooling European heat pump market
Despite setbacks, demand for energy-saving tech still seen rising in long run
Panasonic has announced plans to invest 45 billion yen in its Czech factory to increase heat pump production capacity. (Photo obtained by Nikkei)
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