Kospel

What Kospel does

Kospel sp. z o.o. is a privately held Polish manufacturer of electric heating equipment, founded in 1990 and headquartered in Koszalin with close to 700 employees across three production plants (two in Koszalin plus Karlino and Damnica). The company designs and produces — in-house, from metal stamping and enameling through electronics and final assembly — a complete range of electric heating products: instantaneous and storage water heaters (PPE4, POC Inox series), electric central heating boilers (EKCO, EKD, EKP lines), inverter heat pumps from 8 to 23 kW (HPM2 series) plus a 250 L DHW heat pump (HPSW2-250), DHW heat exchangers (SWK, SW, SB, SBPS, SBPG), and buffer tanks (SVK, SV/SVW, SVH), with most products backed by an 8-year manufacturer warranty.

The business generates revenue primarily through unit hardware sales distributed via a nationwide network of authorized sales points covering all 16 Polish voivodeships, a trained Kospel PRO installer channel, and international export to 50 countries across 6 continents. Secondary revenue comes from paid after-sales services — including mandatory zero-startup commissioning of heat pumps for warranty validity, annual periodic inspections, post-warranty repairs, and spare-parts sales through the Aura Kospel service portal — and from a localized online store. Products are certified to ISO 9001:2015, VDE, and UL standards, and the portfolio is positioned around electric and hybrid heating scenarios, including integration with photovoltaic installations and dynamic electricity tariff optimization through buffer storage.

Kospel's customer base is overwhelmingly residential — homeowners seeking electric or hybrid central heating and domestic hot water solutions, frequently with subsidy support under Poland's Czyste Powietrze (Clean Air) program — served through professional installers and HVAC contractors who form the company's primary indirect sales motion. The PPE4 mobile app provides local Wi-Fi-only device control with no internet connectivity or personal data collection, and the company is currently investing in a new automated Koszalin heat-exchanger factory, an R&D center under construction, and multiple 2026 product launches while simultaneously optimizing its operational structure.

Name

Kospel

Legal name

KOSPEL Spółka z o.o.

Website

https://kospel.pl

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Kospel is a privately held Polish manufacturer, founded in 1990 and based in Koszalin, producing electric heating equipment — heat pumps, electric boilers, water heaters, and buffer tanks — serving residential customers and professional installers across Poland and 50 export countries.

Ownership category

akta.pro rank

Product category

Electric Heating Equipment

NAICS

Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Heat Pumps (Air/Water/Ground Source) (IMAHAKAF)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Compressors, Refrigeration Components & Condensing Units (IMADANAG)

Keywords

• Electric water heaters
• Electric heating boilers
• Heat pumps
• Hot water storage tanks
• Domestic hot water

Headquarters

HQ city

Koszalin

HQ country

Poland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Heating Equipment Sales: Kospel generates revenue primarily through the manufacture and sale of electric heating equipment including heat pumps, electric boilers, flow water heaters, storage water heaters, heat exchangers, storage tanks, and buffer tanks. The company sells directly through authorized distributors and installers across Poland and exports to 50 countries.
2. After-Sales Services: Revenue is generated through warranty services including zero-startup commissioning of heat pumps (required for warranty), periodic inspections every 12 months, and post-warranty repairs. These services require payment and are coordinated through the Aura Kospel service platform.
3. E-commerce / Online Sales: The company operates an online store for selling products and parts, with a dedicated spare parts shop accessible through the Aura Kospel platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Kospel manufactures and sells electric heating equipment for residential and commercial buildings, including inverter heat pumps (8–23 kW), electric central heating boilers, instantaneous and storage water heaters, DHW heat pump tanks, enamelled heat exchangers and storage tanks, and central heating buffer tanks. Products are designed for central heating (c.o.) and domestic hot water (c.w.u.) preparation, with compatibility for hybrid systems using photovoltaics, solar collectors and backup boilers. The company sells through authorized dealers, trained Kospel PRO installers, and an online spare-parts shop, exporting to 50 countries.

Product overview

Kospel is a Polish manufacturer of electric heating equipment offering a comprehensive product portfolio covering central heating, domestic hot water (DHW) preparation, and heat pump systems. The product range includes: (1) instantaneous water heaters (PPE4 series with M/L/B variants), (2) storage water heaters (POC 5/10 Inox), (3) DHW heat pumps (HPSW2-250), (4) central heating heat pumps (HPM2 series in C/Z/V/P variants, 8-23 kW), (5) electric central heating boilers (EKCO.MN3, EKCO.LN3, EKD.M3, EKCO.T/TM, EKHP, EKCO.MOBILE, EKP.LN2M), (6) heat exchangers and storage tanks (SWK, SW, SB, SBPS, SBPG, SE, SWP, SWPC, SWVPC, WW, WP), and (7) buffer tanks (SVK, SV/SVW, SVH). Products are designed for residential and commercial buildings, featuring compatibility with photovoltaic systems, solar collectors, and hybrid heating configurations. The portfolio follows a unified platform architecture where heat exchangers and buffer tanks serve as complementary components to the core heating devices (heat pumps and electric boilers), enabling complete heating system solutions.

Differentiator

Problem solved

Functional benefit

Brands

• KOSPEL PRO: Professional platform for installers offering training and certification programs for Kospel heating specialists.
• Kospel Navigator

Products and services

• PPE4 Series Electric Instantaneous Water Heaters (PPE4.M, PPE4.L, PPE4.B) Electric instantaneous (flow) water heaters available in three versions — Electronic Medium, Basic, and Lite — featuring LCD display, smooth temperature regulation, remote control via the PPE4 mobile app, and the Click&Heat mounting system for easy replacement of older devices from various brands without additional drilling. Targeted at residential users.
• EPO2 / EPS2 / EPS2.P Electric Instantaneous Water Heaters Electric instantaneous (flow) water heaters for various residential and commercial point-of-use applications.
• POC 5 Inox / POC 10 Inox Electric Storage Water Heaters Compact electric storage water heaters with stainless-steel, corrosion-resistant tanks available in 5 and 10 litre capacities. Designed for easy installation with no anode replacement required.
• HPSW2-250 DHW Heat Pump Tank Domestic hot water (DHW) heat pump designed for preparing sanitary hot water, integrating with heat pump systems. 250-litre capacity.
• HPM2 Series Heat Pumps (HPM2.C, HPM2.Z, HPM2.V, HPM2.P) Central heating heat pumps with advanced inverter technology available in power outputs from 8 to 23 kW. Configurations include compact (C), split (Z), vertical (V), and premium (P) variants for new buildings and modernization projects.
• EKCO.MN3 & M3 / EKCO.LN3 & L3 Electric Central Heating Boilers Modern, efficient electric central heating boilers designed for new buildings and modernization projects. Maintenance-free operation, easy installation, and compatibility with photovoltaic systems.
• EKD.M3 Electric Central Heating Boiler Electric central heating boiler designed for residential and commercial applications.
• EKCO.T & TM Electric Central Heating Boiler with DHW Preparation Electric central heating boiler with integrated domestic hot water (DHW) preparation capability.
• EKHP Hybrid Electric Boiler Hybrid electric boiler designed to work with heat pumps.
• EKCO.MOBILE Electric Central Heating Boiler Mobile electric central heating boiler designed for floor heating applications, eliminating common installation errors.
• EKP.LN2M Wall-Mounted Electric Central Heating Boiler Electric central heating boiler for wall-mounted installations.
• SWK (Termo Top) Vertical DHW Storage Tank with Coil Vertical DHW storage tank with one coil designed for heat pump and boiler cooperation.
• SW / SWZ (Termo Max) DHW Storage Tank with Coil(s) DHW storage tank with coil(s) for various heat sources including heat pumps.
• SB Series Vertical DHW Storage Tank Vertical DHW storage tank with one coil; the 200L model features two coils connected in series for faster water heating.
• SBPS Vertical DHW Heat Exchanger with Two Coils Vertical DHW heat exchanger with two coils designed for heat pump and solar collector hybrid systems. Available in 250, 300, and 500 litre capacities with 67 mm PUR insulation and 8-year warranty.
• SBPG Vertical DHW Heat Exchanger with Two Coils Vertical DHW heat exchanger with two coils designed for heat pump and gas/oil boiler hybrid systems. Available in 250, 300, and 500 litre capacities with 67 mm PUR insulation and 8-year warranty.
• SE DHW Storage Tank with Double Jacket DHW storage tank with double jacket for indirect heating.
• SWP DHW Storage Tank with Coil DHW storage tank with coil for heat pump applications.
• SWPC Combined DHW Storage Tank with Plate Heat Exchanger Combined DHW storage tank with plate heat exchanger for instantaneous DHW preparation.
• SWVPC Combined Tank with Buffer Function Combined tank integrating DHW storage with central heating buffer capabilities.
• WW / WWB Wall-Hung DHW Storage Tank Wall-hung DHW storage tank for compact installations.
• WP / WPW Wall-Hung Storage Tank Wall-hung storage tank for hot water production.
• SVK Compact Buffer Tank for Central Heating Compact buffer tank for central heating systems with heat pumps and electric boilers.
• SV / SVW Buffer Tanks for Central Heating Buffer tanks for central heating, providing thermal energy storage for heating systems.
• SVH Horizontal Buffer Tank Horizontal buffer tank for central heating systems.

Quantifiable outcome

• 8-year manufacturer warranty on tanks, heat exchangers, and buffers — without additional fees or formalities
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Viessmann: German premium heating and heat-pump manufacturer with a full residential and commercial portfolio. Comparable to Kospel in heat-pump systems and hot-water storage but at a much larger scale and a stronger international brand.
• Vaillant: One of Europe's largest residential heating brands (gas boilers, heat pumps, hybrid systems). Competes with Kospel in electric boilers and heat pumps, but operates at significantly larger scale and across a broader product portfolio.
• Daikin Europe: European arm of the global HVAC leader, with a strong and growing residential heat-pump range. Competes with Kospel on heat pumps in Europe and sets a benchmark for technology and channel scale.
• Bosch Thermotechnology: Division of Bosch offering residential heating, heat pumps, and hot-water solutions across Europe. Overlaps directly with Kospel's residential heating and DHW product lines, with deeper R&D resources and global distribution.
• BDR Thermea Group: European heating group owning brands such as Baxi, De Dietrich, and Remeha. Direct overlap with Kospel in residential boilers, hybrid systems, and increasingly heat pumps across multiple European markets.

Direct peers

• Nibe Group: Swedish-listed manufacturer of residential heat pumps and water heaters with strong growth in Europe. Directly comparable to Kospel in the inverter heat-pump and DHW segments and a key benchmark for European heat-pump scaling.
• Galmet: Polish manufacturer of water heaters, storage tanks, buffer tanks, and heat-pump components. Direct domestic peer to Kospel with overlapping SKU categories, particularly in storage tanks and DHW heat exchangers.
• Ariston Group: Italian global manufacturer of water heaters, boilers, and heat pumps. Direct overlap with Kospel on electric and gas water heaters, storage tanks, and increasingly heat pumps, with stronger brand presence in Southern and Western Europe.
• Stiebel Eltron: German specialist in electric water heaters, heat pumps, and electric central heating. Closely comparable to Kospel across the core PPE4-style instantaneous heater, electric boiler, and inverter heat-pump categories, with a stronger brand in Western Europe.
• Thermona: Czech manufacturer of gas and electric boilers, heat pumps, and water heaters. Highly comparable in product mix and CEE market positioning to Kospel, competing head-to-head in Czech and Polish markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Kospelofficial
• Facebookfacebook.com/Kospelspzoo
• LinkedInpl.linkedin.com/company/kospel-official
• Instagraminstagram.com/kospel_global
• Xx.com/KospelSA

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kospel