- In January 2024, Laars Heating Systems Company Inc., a U.S.-based manufacturer of water heaters, successfully completed the acquisition of Electro Industries Inc., although the financial details remain undisclosed. This strategic acquisition strengthens Laars Heating Systems' portfolio in residential, commercial, and industrial space heating markets, allowing the company to expand its product range and enhance its manufacturing capabilities. By integrating Electro Industries' expertise, Laars aims to meet the evolving demands of North American customers with a more comprehensive suite of heating solutions, positioning itself for sustained growth in the region
- In September 2023, Xiaomi introduced four new electric heaters in China under its MIJIA brand, catering to the growing demand for energy-efficient home heating solutions. The new models included the MIJIA baseboard electric heater 2, the MIJIA graphene baseboard heater 2, the MIJIA air heater, and the MIJIA graphene air heater. These innovative offerings combine graphene technology for faster heating and advanced features designed to enhance energy efficiency, comfort, and ease of use, further establishing Xiaomi's presence in the competitive smart heating market
