Read the full story on Japan 2 Earth - Panasonic Amps Up Production of Eco Cute Water Heaters
On August 25, Panasonic Holdings (HD) announced plans to increase its annual production of Eco Cute heat pump water heaters to 300,000 units, or approximately 1.5 times the current production volume, in FY2025. The Eco Cute utilizes heat from the air to heat water.
Amid decarbonization efforts aimed at achieving net zero greenhouse gas emissions, the market for the high-efficiency Eco Cute is expanding. Accordingly, Panasonic will increase production capacity to meet this demand.
Penetrating the Market
According to the Japan Refrigeration and Air Conditioning Industry Association, domestic shipments of Eco Cute in 2022 hit a record high of 704,000 units. The rate of Eco Cute installations in newly-built single-family homes is particularly high, standing at 51% in 2021.
However, the rate of installation in existing single-family homes, which make up the volume of hot-water demand, remains low at 21%. Panasonic HD intends to also target homes being remodeled to increase installations of Eco Cute systems.
Continue reading the full story on Japan 2 Earth to learn more about just how Panasonic will increase its production to bring customers more of these environmentally sound water heaters.
And find more great articles on the environment and the challenges of achieving the SDGs on our new website Japan 2 Earth (J2E), sparking a transition to the future.
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(Read the article in Japanese.)
Author: Hiroto Kuwajima