Heating Equipment except Warm Air Furnaces

Heating Equipment except Warm Air Furnaces Market Outlook

The global market for heating equipment, excluding warm air furnaces, is projected to reach approximately USD 40 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% during the forecast period from 2025 to 2035. The growth in this market is primarily driven by the increasing demand for energy-efficient heating solutions, particularly in residential and commercial sectors, alongside the rising awareness regarding environmental sustainability. Furthermore, the shift toward smart heating technology and the growing trend of home automation are creating substantial opportunities for manufacturers to innovate and introduce advanced heating systems. Coupled with urbanization and infrastructure development across emerging economies, the market is poised for significant expansion. Technological advancements in heating solutions, such as the integration of IoT and smart controls, are also expected to bolster market growth significantly.

Growth Factor of the Market

The heating equipment market, apart from warm air furnaces, is experiencing robust growth due to several key factors. First, the escalating demand for energy-efficient and environmentally friendly heating technologies is reshaping consumer preferences and driving innovation in product development. Second, the increasing penetration of smart home technology, which includes smart thermostats and automated heating solutions, is enhancing user convenience and efficiency, attracting more consumers to invest in modern heating systems. Furthermore, the expansion of the construction and real estate sectors, particularly in developing regions, has led to a surge in new housing projects that necessitate advanced heating solutions. Additionally, government initiatives aimed at promoting energy conservation and reducing carbon emissions are propelling the adoption of heating equipment that meets stringent energy standards. Lastly, changing climate patterns, which result in fluctuating temperatures, have raised the demand for reliable heating systems across various applications.

Key Highlights of the Market

• Projected market size of USD 40 billion by 2035.
• Estimated CAGR of 6.5% during the forecast period.
• Increasing demand for energy-efficient heating solutions.
• Rising urbanization and infrastructure development in emerging economies.
• Growing integration of smart technologies in heating systems.

By Product Type

Boilers:

Boilers play a crucial role in the heating equipment market, being one of the most versatile and widely used heating solutions in both residential and commercial applications. They operate by heating water or producing steam to provide consistent and efficient heating. The advancements in boiler technology, including condensing boilers and high-efficiency models, have significantly increased their appeal by reducing energy consumption and emissions. The growing preference for centralized heating systems, coupled with stringent energy efficiency regulations, is driving the adoption of modern boiler systems. As consumers seek reliable and cost-effective heating solutions, the boiler segment is expected to remain a significant contributor to the overall market growth.

Radiant Heaters:

Radiant heaters are increasingly popular for their ability to provide direct, comfortable heat while maintaining energy efficiency. These systems work by emitting infrared radiation that warms objects and individuals in a space rather than heating the air itself. This results in faster and more uniform heating, making radiant heaters ideal for residential and commercial applications. The growing focus on energy conservation and comfort in indoor environments is propelling the demand for radiant heating systems. Innovations in design and technology, such as the integration of smart controls and energy-saving features, are further enhancing their attractiveness to consumers.

Heat Pumps:

Heat pumps are recognized as one of the most efficient heating solutions available, offering both heating and cooling capabilities. They operate by transferring heat from the outside air or ground to heat indoor spaces, making them highly energy-efficient. The growing awareness of environmental issues and the push for renewable energy solutions are driving the adoption of heat pumps, especially in regions with moderate climates. Additionally, technological advancements have improved their performance in colder temperatures, broadening their application scope. The heat pump segment is poised for significant growth, particularly as governments and organizations push for decarbonization initiatives.

Space Heaters:

Space heaters are widely utilized for their flexibility and convenience in heating specific areas rather than entire buildings. This category includes electric, gas, and propane heaters, each offering distinct advantages based on the consumer's needs. The increasing trend of remote work and the need for localized heating solutions in homes and small offices have led to a surge in demand for space heaters. Moreover, advancements in technology, such as energy-efficient models and smart features, are making space heaters more appealing to consumers. The segment stands to benefit from a growing focus on personalized comfort and energy savings.

Baseboard Heaters:

Baseboard heaters are another popular heating solution, known for their ability to provide consistent and comfortable heat without occupying significant space. These systems, either electric or hot water-based, are commonly used in residential settings due to their aesthetic appeal and ease of installation. The growing trend of apartment living and urbanization is contributing to the rising demand for baseboard heaters as they effectively maintain comfortable indoor temperatures in limited spaces. Additionally, advancements in technology have led to the development of more energy-efficient models, further enhancing their attractiveness in the market.

By Application

Residential:

The residential application segment represents a significant portion of the heating equipment market, driven by the increasing number of households and the rising demand for comfortable living environments. Homeowners are increasingly investing in energy-efficient heating solutions to reduce energy bills and enhance indoor comfort. Additionally, the growing trend of home renovations and upgrades is propelling the demand for modern heating systems that align with contemporary energy standards. The emergence of smart home technology is also influencing consumer purchasing decisions, as homeowners seek integrated solutions that provide convenience and efficiency.

Commercial:

The commercial sector is experiencing substantial growth in the heating equipment market, fueled by the expansion of businesses and commercial establishments. In this segment, heating solutions are essential for maintaining comfortable working environments, ensuring productivity, and meeting regulatory standards. Various commercial applications, including offices, retail spaces, and hospitality venues, are requiring advanced heating systems that are energy-efficient and capable of handling variable heating loads. The increasing focus on sustainability and corporate responsibility is driving businesses to invest in modern heating technologies that reduce their carbon footprint and lower operating costs.

Industrial:

The industrial application segment is characterized by a diverse range of heating requirements across various manufacturing processes and facilities. Industries such as food processing, chemical manufacturing, and textiles rely on efficient heating systems to maintain optimal operational conditions. The demand for robust and reliable heating equipment in industrial settings is being driven by the need for enhanced productivity and reduced energy costs. Additionally, the increasing focus on safety standards and regulations is prompting industrial players to upgrade their heating solutions to comply with stringent requirements while ensuring operational efficiency.

Institutional:

Institutional applications, which include schools, hospitals, and government buildings, represent a crucial market segment for heating equipment. These facilities require efficient and reliable heating systems to ensure the comfort and safety of occupants. The growing emphasis on energy efficiency in institutional buildings is driving the adoption of modern heating technologies, which help to lower operational costs and comply with environmental regulations. Furthermore, the push for improved air quality and indoor environmental conditions in schools and hospitals is leading to increased investments in advanced heating solutions that enhance overall safety and comfort.

Others:

The 'Others' segment of the heating equipment market encompasses various niche applications that may not fall strictly under residential, commercial, industrial, or institutional categories. This includes settings such as workshops, garages, and temporary structures that require localized heating solutions. The need for versatile heating equipment in these unique applications is contributing to the overall market growth. As consumers seek efficient and flexible heating options for diverse environments, manufacturers are responding with innovative products tailored to meet these specific requirements, thus expanding the market further.

By Distribution Channel

Online Stores:

Online stores have become increasingly popular as a distribution channel for heating equipment, offering consumers a convenient and accessible way to purchase products. The rise of e-commerce platforms has transformed the buying process, enabling consumers to browse a vast selection of heating solutions from the comfort of their homes. Online stores often provide detailed product descriptions, customer reviews, and competitive pricing, which enhance the purchasing experience. Additionally, the growing trend of direct-to-consumer sales through manufacturer websites is further boosting the online retail segment. As consumers continue to embrace digital shopping, the online distribution channel is expected to witness significant growth in the heating equipment market.

Specialty Stores:

Specialty stores play a vital role in the distribution of heating equipment, providing expert advice and tailored solutions to consumers. These stores typically focus on specific heating products, allowing them to offer a wide range of options and specialized knowledge to assist customers in making informed decisions. The personalized service and professional guidance available in specialty stores enhance consumer confidence and satisfaction, leading to increased sales. Additionally, as consumers become more aware of energy-efficient solutions, specialty stores that emphasize sustainable and advanced heating technologies are likely to see a surge in demand from environmentally conscious buyers.

Direct Sales:

Direct sales represent a significant channel for heating equipment distribution, particularly for manufacturers seeking to establish a direct relationship with consumers. This approach allows companies to showcase their products directly to potential customers, providing an opportunity to demonstrate the benefits and features of their heating solutions. Direct sales can enhance customer loyalty and brand awareness, as consumers often appreciate the personal touch and customized offerings. Additionally, this distribution channel can be particularly effective for high-end and specialized heating equipment, where consumers are seeking expert guidance and tailored solutions.

HVAC Contractors:

HVAC contractors serve as a critical distribution channel for heating equipment, as they are often the primary point of contact for consumers in need of heating solutions. These professionals provide installation, maintenance, and repair services, making them an essential resource for purchasing heating equipment. The deep industry knowledge and expertise of HVAC contractors enable them to recommend the most suitable heating systems for specific applications, enhancing customer satisfaction. As the demand for energy-efficient and smart heating solutions grows, HVAC contractors are increasingly promoting advanced technologies to their clients, further driving market growth.

Others:

Other distribution channels for heating equipment include wholesalers and distributors that cater to specific markets and regions. These channels facilitate bulk purchasing and enable retailers to access a diverse range of products. The presence of these intermediaries can enhance the efficiency of the supply chain, allowing for better inventory management and product availability. As manufacturers expand their reach and target a broader customer base, these alternative distribution channels play a crucial role in ensuring that heating equipment is accessible to consumers across various regions and market segments.

By Fuel Type

Electric:

Electric heating systems are gaining popularity due to their efficiency, ease of use, and minimal maintenance requirements. These systems can be found in various forms, including electric boilers, radiant heaters, and baseboard heaters, making them versatile options for both residential and commercial applications. The growing trend toward clean energy sources and the increasing availability of renewable energy options are further driving the adoption of electric heating solutions. Furthermore, the integration of smart technology and controls in electric heating systems enhances their appeal, allowing consumers to optimize their energy usage and reduce costs.

Gas:

Gas-powered heating equipment remains a dominant choice for many consumers due to its efficiency and cost-effectiveness. Natural gas and propane heaters are commonly used in residential settings, providing reliable and powerful heating solutions. The widespread availability of natural gas infrastructure in many regions makes gas heating systems an attractive option for homeowners and businesses alike. As energy prices fluctuate and the push for sustainability grows, manufacturers are focusing on developing more efficient gas heating systems that minimize emissions and enhance overall performance to meet the evolving consumer demand.

Oil:

Oil heating systems, while less prevalent than gas and electric options, still hold a significant market share, particularly in areas where natural gas is not widely available. Oil-fired boilers and furnaces are known for their high efficiency and ability to produce substantial heat output, making them suitable for larger residential and commercial applications. As oil prices remain volatile, consumers are increasingly seeking more stable and cost-effective alternatives. Nonetheless, advancements in oil heating technology are enabling manufacturers to produce cleaner-burning systems that adhere to stricter environmental regulations, helping maintain the relevance of oil heating in the market.

Biomass:

Biomass heating systems are emerging as a sustainable alternative in the heating equipment market, utilizing organic materials such as wood pellets, agricultural residues, and other biodegradable substances. The growing focus on renewable energy solutions and the desire to reduce carbon footprints are driving the adoption of biomass heating systems in residential, commercial, and institutional applications. These systems can provide substantial heating efficiency while contributing to environmental sustainability. As consumers become more environmentally conscious, the demand for biomass heating solutions is expected to increase, prompting manufacturers to innovate and enhance their offerings in this segment.

Others:

The 'Others' category in fuel types encompasses various unconventional and alternative heating solutions that do not fit neatly into the electric, gas, oil, or biomass categories. This includes options such as geothermal heating and solar thermal systems, which leverage renewable energy sources to provide heating solutions. As the market for sustainable and energy-efficient heating options continues to expand, these alternative fuel types are gaining traction among environmentally conscious consumers. The development of innovative technologies and government incentives promoting the use of renewable energy sources will likely boost the growth of this segment, further diversifying the heating equipment market.

By Region

The North American region holds a prominent position in the heating equipment market, characterized by a mature demand landscape driven by established infrastructure and a strong focus on energy efficiency. The market size in North America is expected to reach approximately USD 12 billion by 2035, supported by the increasing adoption of smart heating technologies and energy-efficient solutions in residential and commercial sectors. The growing awareness of environmental sustainability and government initiatives aimed at reducing greenhouse gas emissions are also influencing consumer preferences, pushing the demand for advanced heating equipment in this region. The market is expected to witness a CAGR of around 5% throughout the forecast period as manufacturers continue to innovate and expand their product lines.

In Europe, the heating equipment market is experiencing significant growth due to stringent energy regulations and a strong emphasis on reducing carbon emissions. The European region is projected to account for approximately USD 10 billion of the global market by 2035, as consumers increasingly opt for renewable and energy-efficient heating solutions. Countries such as Germany, France, and the UK are leading the way in adopting advanced heating technologies, driven by government incentives and public awareness campaigns. The shift toward smart homes and the integration of IoT technology in heating systems are further propelling market growth throughout the region. As consumers seek reliable and sustainable heating solutions, the European market is expected to witness a CAGR of around 7% during the forecast period.

Opportunities

The heating equipment market presents numerous opportunities for growth and innovation, particularly as consumer preferences shift towards energy efficiency and sustainability. One of the primary opportunities lies in the growing demand for smart heating solutions that integrate advanced technology and automation. As homes and businesses increasingly adopt smart home systems, manufacturers have the chance to develop heating products that seamlessly integrate with these systems, providing consumers with enhanced control over their heating needs. This could include features such as remote monitoring, automated temperature adjustments, and energy usage tracking, all of which are appealing to today’s tech-savvy consumer base.

Moreover, the expansion of renewable energy sources presents a lucrative opportunity for the heating equipment market. With the global push towards minimizing reliance on fossil fuels, there is an increasing interest in heating systems that utilize renewable energy, such as solar thermal and geothermal options. Manufacturers who invest in research and development to create innovative and efficient renewable heating solutions will not only be able to capitalize on this growing trend but also contribute to a more sustainable future. The potential for government incentives and subsidies for consumers transitioning to renewable energy sources further enhances the attractiveness of these opportunities for market participants.

Threats

Despite the numerous growth opportunities, the heating equipment market faces several threats that could hinder its expansion. One of the significant risks is the volatility of energy prices, particularly for gas and oil fuels, which can influence consumer purchasing behavior and impact overall market demand. Fluctuating prices may deter consumers from investing in new heating systems or lead them to seek alternative, more stable energy solutions. Additionally, the increasing emphasis on reducing carbon emissions and energy consumption may result in stricter regulatory measures that could impose additional compliance costs on manufacturers, affecting their profitability and ability to innovate.

Moreover, competition within the heating equipment market is intensifying, as both established players and new entrants strive to capture market share. This heightened competition may lead to price wars and reduced profit margins, compelling companies to differentiate their offerings through innovation and quality. As consumers become more discerning, manufacturers must invest in research and development to create superior products that meet evolving consumer preferences and environmental standards. Failure to keep pace with these changing dynamics could pose a significant threat to a company's position in the market.

Competitor Outlook

• Trane Technologies
• Carrier Global Corporation
• Lennox International Inc.
• Bosch Thermotechnology
• Rheem Manufacturing Company
• Daikin Industries Ltd.
• Fujitsu General Limited
• Ariston Thermo Group
• Wolff Design Center
• Viessmann Group
• Goodman Manufacturing Company
• American Standard Brands
• Navien, Inc.
• Heat Controller, Inc.
• Electrolux AB

The competitive landscape of the heating equipment market is characterized by a diverse range of players, including global giants and niche manufacturers. The presence of established companies like Trane Technologies and Carrier Global Corporation highlights the market's maturity and the intense rivalry present among key players. These companies invest heavily in research and development to innovate and improve their product offerings, focusing on energy efficiency, sustainability, and smart technology integration to cater to evolving consumer preferences. Additionally, they leverage extensive distribution networks and strong brand recognition to solidify their positions in the market.

New entrants and smaller manufacturers are also making strides in the heating equipment market, often focusing on specialized niches or innovative technologies. Companies such as Navien, Inc. and Fujitsu General Limited are capitalizing on the growing demand for energy-efficient and environmentally friendly heating solutions, offering cutting-edge products that meet stringent regulatory standards. These competitors often differentiate themselves through unique value propositions, such as superior customer service, enhanced product performance, or eco-friendly initiatives. As the market evolves, these smaller players may pose a significant challenge to established companies, driving further innovation and competition.

Among the key players, Bosch Thermotechnology and Viessmann Group stand out for their commitment to sustainability and renewable energy solutions. These companies have invested significantly in developing advanced heating technologies that utilize renewable resources, positioning themselves as leaders in the transition towards a greener future. By aligning their product portfolios with global sustainability goals, they not only enhance their competitive edge but also contribute positively to the industry's overall environmental impact. As consumers increasingly demand cleaner and more efficient heating options, these companies are well-positioned to capitalize on this growing trend.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Navien, Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Electrolux AB
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Viessmann Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Trane Technologies
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Wolff Design Center
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Ariston Thermo Group
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Heat Controller, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Bosch Thermotechnology
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Daikin Industries Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Fujitsu General Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 American Standard Brands
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Lennox International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Carrier Global Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Rheem Manufacturing Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Goodman Manufacturing Company
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Heating Equipment except Warm Air Furnaces Market, By Fuel Type
    • 6.1.1 Electric
    • 6.1.2 Gas
    • 6.1.3 Oil
    • 6.1.4 Biomass
    • 6.1.5 Others
  • 6.2 Heating Equipment except Warm Air Furnaces Market, By Application
    • 6.2.1 Residential
    • 6.2.2 Commercial
    • 6.2.3 Industrial
    • 6.2.4 Institutional
    • 6.2.5 Others
  • 6.3 Heating Equipment except Warm Air Furnaces Market, By Product Type
    • 6.3.1 Boilers
    • 6.3.2 Radiant Heaters
    • 6.3.3 Heat Pumps
    • 6.3.4 Space Heaters
    • 6.3.5 Baseboard Heaters
  • 6.4 Heating Equipment except Warm Air Furnaces Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Specialty Stores
    • 6.4.3 Direct Sales
    • 6.4.4 HVAC Contractors
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Heating Equipment except Warm Air Furnaces Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Heating Equipment except Warm Air Furnaces market is categorized based on

By Product Type

• Boilers
• Radiant Heaters
• Heat Pumps
• Space Heaters
• Baseboard Heaters

By Application

• Residential
• Commercial
• Industrial
• Institutional
• Others

By Distribution Channel

• Online Stores
• Specialty Stores
• Direct Sales
• HVAC Contractors
• Others

By Fuel Type

• Electric
• Gas
• Oil
• Biomass
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Trane Technologies
• Carrier Global Corporation
• Lennox International Inc.
• Bosch Thermotechnology
• Rheem Manufacturing Company
• Daikin Industries Ltd.
• Fujitsu General Limited
• Ariston Thermo Group
• Wolff Design Center
• Viessmann Group
• Goodman Manufacturing Company
• American Standard Brands
• Navien, Inc.
• Heat Controller, Inc.
• Electrolux AB