Samsung, LG target Europe's heat pump market as boiler bans loom

Samsung and LG are pouring billions into Europe's heat pump market, snapping up established firms to position themselves ahead of binding EU decarbonization deadlines even as the sector recovers from a two-year sales slump. Heat pumps, which use electricity to extract warmth from outdoor air rather than burning gas or oil, are central to the EU's push to phase out fossil fuel boilers. Both Korean electronics giants unveiled their post-acquisition product lineups at MCE 2026, Europe's largest hea

By The Korea Herald