LG Charts Global HVAC Leadership With AI, Acquisitions and Localisation
Company News

LG Charts Global HVAC Leadership With AI, Acquisitions and Localisation

LG Electronics has unveiled a strategic roadmap to transform its ES Company into a top-tier global HVAC solutions provider by 2030, targeting KRW 20 trillion in revenue. The plan, announced at LG Sciencepark, South Korea, focuses on expanding B2B industrial sales, advancing AI-based technologies for data centres, and strengthening localised operations across key regions. 

Central to LG’s roadmap is growth in the fast-expanding data centre cooling segment. With the global chiller market projected to reach USD 12 billion by 2027, LG aims for KRW 1 trillion in sales by 2027. The company has already tripled orders for data centre cooling solutions year-on-year and launched a dedicated AI Data Center HVAC Solution Lab at its Pyeongtaek facility for real-time performance testing. 

Recent pilot trials of liquid cooling systems are underway in partnership with LG U+. These include direct server chip cooling using coolant distribution units and advanced chiller-based solutions compatible with DC-powered environments. 

In line with its “3B” (Build, Borrow, Buy) strategy, LG continues to scale its portfolio via internal R&D and strategic acquisitions. The recent acquisition of Norway-based OSO strengthens its presence in Europe’s heating market. Simultaneously, investments in the Air Solution Lab, partnerships with universities, and M&A targets remain key pillars of growth. 

The company is also broadening its commercial HVAC footprint in logistics, retail, and infrastructure projects. Notable deployments include the Multi V i™ system in Singapore and chillers for The Avenues-Riyadh in Saudi Arabia. LG is tailoring solutions to regional needs while accelerating non-hardware revenue through platforms like BECON and an AI-powered digital twin system for thermal analytics.

To support growth in the Global South, LG is establishing a product development hub and a new production line in Sri City, India, capable of producing 1.5 million AC units annually by 2026. The company also operates HVAC Academies across 65 locations in 43 countries and plans to expand the network to 70 by end-2025. 

"HVAC demand is rising with the surge in global data centres," said James Lee, President, LG ES Company. "With decades of expertise, we aim to lead the HVAC transformation in the AI era." 

LG Electronics has unveiled a strategic roadmap to transform its ES Company into a top-tier global HVAC solutions provider by 2030, targeting KRW 20 trillion in revenue. The plan, announced at LG Sciencepark, South Korea, focuses on expanding B2B industrial sales, advancing AI-based technologies for data centres, and strengthening localised operations across key regions. Central to LG’s roadmap is growth in the fast-expanding data centre cooling segment. With the global chiller market projected to reach USD 12 billion by 2027, LG aims for KRW 1 trillion in sales by 2027. The company has already tripled orders for data centre cooling solutions year-on-year and launched a dedicated AI Data Center HVAC Solution Lab at its Pyeongtaek facility for real-time performance testing. Recent pilot trials of liquid cooling systems are underway in partnership with LG U+. These include direct server chip cooling using coolant distribution units and advanced chiller-based solutions compatible with DC-powered environments. In line with its “3B” (Build, Borrow, Buy) strategy, LG continues to scale its portfolio via internal R&D and strategic acquisitions. The recent acquisition of Norway-based OSO strengthens its presence in Europe’s heating market. Simultaneously, investments in the Air Solution Lab, partnerships with universities, and M&A targets remain key pillars of growth. The company is also broadening its commercial HVAC footprint in logistics, retail, and infrastructure projects. Notable deployments include the Multi V i™ system in Singapore and chillers for The Avenues-Riyadh in Saudi Arabia. LG is tailoring solutions to regional needs while accelerating non-hardware revenue through platforms like BECON and an AI-powered digital twin system for thermal analytics.To support growth in the Global South, LG is establishing a product development hub and a new production line in Sri City, India, capable of producing 1.5 million AC units annually by 2026. The company also operates HVAC Academies across 65 locations in 43 countries and plans to expand the network to 70 by end-2025. HVAC demand is rising with the surge in global data centres, said James Lee, President, LG ES Company. With decades of expertise, we aim to lead the HVAC transformation in the AI era. 

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement