The market for comfort cooling enjoys a good growth trend, but is more cyclical than commercial refrigeration. Within Europe, there are geographical differences in how mature the market is in relation to other markets. In southern Europe, climate installations for comfort cooling are very extensive whilst the market in northern Europe is still characterised by organic growth.
Within the heating segment, technical developments in recent years have had the effect that highly-efficient air-water-heat pumps are replacing traditional oil and gas burners, which has benefited the demand for the Group’s products.
Beijer Ref has an exclusive agreement for the distribution rights of Toshiba’s products, which enables the company to offer its customers a broad product programme comprising air-conditioning units, heat pumps and ventilation systems. Toshiba’s products are known for high quality with low energy consumption. In Europe, Toshiba is among the four leading brands in the market for comfort cooling.
Beijer Ref also sells a number of other brands within comfort cooling via agreements with a number of Japanese companies including Mitsubishi Heavy Industries, Mitsubishi Electric, Hitachi, Panasonic and Daikin, as well as the South Korean companies, LG and Samsung and the Italian company, Aermec. Beijer Ref also has its own brand, Aircool, for climate installations. In addition, Beijer Ref sells and distributes small components within refrigeration and air conditioning under the Totaline brand.