Kyungdong Navien Targets North American HVAC Market... Unveils Dedicated Products

Aiming to Become a Home Environment Appliance Leader at 'AHR 2023'

[Asia Economy Reporter Kim Cheol-hyun] Kyungdong Navien announced that it participated in 'AHR EXPO 2023,' the largest HVAC exhibition in North America, held in Atlanta, USA, from the 6th to the 8th. At this exhibition, the company unveiled new products, including the 'Condensing Hydro Furnace,' scheduled for release this year to enter the HVAC market.

The AHR Expo is a representative HVAC exhibition attended annually by about 2,000 companies. Kyungdong Navien displayed its 'Condensing Water Heater' product at the center of the exhibition hall. Kyungdong Navien's condensing products are leading the North American boiler and water heater market. In fact, the condensing water heater market size, which was about 20,000 units annually when Kyungdong Navien first launched in the North American market in 2008, increased 40 times to about 800,000 units last year. About half of these, approximately 400,000 units, are Kyungdong Navien products.

Kyungdong Navien introduced the new product 'Condensing Hydro Furnace' for the first time at this exhibition. Unlike Korea, where gas boilers are common for heating, most heating in North America uses the 'gas furnace' method, which heats air through gas combustion heat and supplies it indoors via ducts. While gas boilers number about 500,000 units annually, gas furnaces reach 4.5 million units, making the market size much larger. Kyungdong Navien's 'Condensing Hydro Furnace' is a dual heat exchange product that first heats water with gas like a boiler, then supplies warmed air indoors through heat exchange between water and air. The air is comfortable, noise is low, and there is no possibility of indoor inflow of combusted gas.

Kyungdong Navien plans to launch a 'heat pump' soon, mainly targeting the North American market. It is equipped with a function that efficiently provides heating in winter and cooling in summer when combined with the Condensing Hydro Furnace.

Lee Sang-kyu, head of Kyungdong Navien's U.S. branch, said, "At this AHR exhibition, we were able to showcase Kyungdong Navien's vision as a partner for a comfortable living environment with diverse and innovative new products worldwide," adding, "We will successfully launch new products and create a new competitive landscape in the North American market."