Copeland and Daikin Industries Ltd. are teaming up to manufacture heat pump components in the US, positioning themselves to benefit from growing demand for energy-efficient home heating systems.
The joint venture, majority-owned by Copeland, will initially distribute Daikin’s inverter swing rotary compressors to US residential customers for testing. The companies plan to build a dedicated manufacturing facility in North America, though they haven’t disclosed the investment amount or specific location.
The partnership comes as US regulators push for stricter energy efficiency standards by 2031 and states implement policies to phase out fossil fuel heating. Heat pumps, which use electricity instead of gas for heating, are seen as key to reducing carbon emissions from buildings.
Copeland CEO Ross Shuster said the venture will help customers design HVAC systems that meet both energy and sustainability requirements. Daikin Chairman Masanori Togawa noted the partnership would expand the reach of the company’s inverter technology in the US market.
The companies expect the venture to begin operations in the first half of 2025, subject to regulatory approvals. The deal aligns with Daikin’s FUSION25 strategic plan to grow its US presence.
