loval

What loval does

Loval Oy is a privately held Finnish industrial manufacturer founded in 1960 and headquartered in Loviisa, Finland, specializing in customized heating and cooling components built on vacuum brazing technology, a process the company has used since 1982. Its portfolio spans heating element solutions (flanged, tubular, duct, finned, flow-through, convector, industrial, load resistors, boiler heating elements) and heat exchangers (brazed plate, pipe, small pipe), with a patented Integrated Brazed Plate Heat Exchanger (IBHE) that combines a plate heat exchanger with an electric heater for heat pump applications. The company serves four primary end markets: OEM heat pump manufacturers (its core segment for 20+ years), HORECA equipment makers, medical and laboratory device manufacturers, and industrial manufacturers, with products designed in CFD-optimized geometries that support variable-speed operation and natural refrigerants such as R290 propane.

Name

loval

Legal name

Loval Oy

Website

https://loval.com

Company type

Private

Founded year

1960

Operating status

Operating

Short description

Loval Oy designs and manufactures customized brazed heating elements and heat exchangers for OEM heat pump, HORECA, medical/laboratory, and industrial customers, using vacuum brazing technology from a single Loviisa, Finland facility.

Ownership category

akta.pro rank

Product category

Industrial Heat Transfer Components

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

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

akta.pro primary industry

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Vacuum brazing services
• Heat exchanger manufacturing
• Heating element solutions
• Custom industrial heating
• Brazed plate heat exchangers

Headquarters

HQ city

Loviisa

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Heating Components Manufacturing: Design and manufacture of customized tubular resistors, heating elements, and solutions for industrial applications including heat pump manufacturing, HORECA, laboratories, and industrial applications. Revenue is generated through direct B2B sales of custom-engineered components tailored to customer specifications.
2. Heat Exchanger Products: Production and sale of heat exchangers including brazed plate heat exchangers, pipe heat exchangers, and small pipe heat exchangers for various applications in heat pumps, district heating, saunas, steam equipment, and coffee machines.
3. Applied Solutions: Sector-specific heating and cooling solutions for HORECA, medical/laboratory, and industrial applications, delivered as customized components integrated into customer products.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Loval Oy designs and manufactures customized heating and cooling components using vacuum brazing technology. The product portfolio consists of two main categories: Heating Element Solutions (flanged, tubular, duct, finned, flow-through, convector, industrial, load resistors, boiler) and Heat Exchangers (brazed plate, pipe, small pipe). The company also produces the patented Integrated Brazed Plate Heat Exchanger (IBHE) and heat-pump-specific solutions (backup heaters, heat transfer components for ground/loop/air-to-water/exhaust air heat pumps). All products are custom-engineered to OEM specifications and manufactured in Loviisa, Finland.

Product overview

Loval Oy is a Finnish company specializing in customized heating and cooling solutions using advanced vacuum brazing technology. The product portfolio consists of two main categories: Heating Element Solutions (including flanged heating elements, tubular heating elements, duct heaters, finned heating elements, flow-through heaters, convector elements, industrial heating solutions, load resistors, and boiler heating elements) and Heat Exchangers (including brazed plate heat exchangers, pipe heat exchangers, and small pipe heat exchangers). The company also offers specialized heat pump solutions including backup heaters and heat transfer solutions for ground source, loop source, air-to-water, and exhaust air heat pumps. A key innovation is the patented Integrated Brazed Plate Heat Exchanger (IBHE) that combines plate heat exchanger and electric heater functionality. Loval serves diverse industries including heat pump manufacturing, HoReCa (hotels, restaurants, catering), laboratories, medical equipment, and industrial applications. The company emphasizes custom solutions tailored to specific customer requirements, with all products manufactured in their Loviisa, Finland facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Flanged Heating Elements Flanged heating elements are used in water heaters, sterilizers for medical devices, research equipment, and food industry applications such as hot beverage machines for heating water and steam generation. The brazed construction is leak-tight and stainless steel materials can be safely used in sterile applications.
• Tubular Heating Elements Tubular heating elements are commonly used in electric heating devices. Stainless steel tubular heating element materials are suitable for the most demanding conditions. The tubular heating element is durable in construction and can be bent into various shapes depending on the application.
• Duct Heaters Duct heaters are used to heat flowing air. Applications include supply air heating for industrial halls, retail stores and offices as well as industrial drying process solutions. Electric drying solutions frequently replace emission-heavy dryers with fossil fuels.
• Finned Heating Elements Finned heating elements are popular heaters for public transport and air-heated spaces. With the help of a fan, the finned heater provides efficient and rapid heating for applications where you want to heat room air quickly. Finned heating elements are also used in bioscientific equipment such as incubators.
• Flow-Through Heaters (Indirect Heating) Stainless steel flow-through heaters are used to heat flowing liquids. The heating elements are brazed outside the flow tube so there is no contact between the liquid to be heated and the heating elements. Required heating power is typically 0.6 kW to 12 kW. Used in tempering devices, sterilizer washing machines, bioscientific equipment and swimming pools.
• Flow-Through Heaters for Heat Pumps Stainless steel flow-through heaters for heating flowing liquids. The heating elements are mounted in a flow tube through which the liquid to be heated flows. Required heating power is typically 0.6 kW to 12 kW. Applications include heat pumps.
• Convector Elements Convector elements are mainly used in room air heaters. The convection plates are brazed with the radiators to achieve the best heat transfer. Other typical applications are fan heaters, duct heaters and load radiators.
• Industrial Heating Solutions Flanged industrial heaters are suitable for heating liquids or gases in direct contact with heating elements. The brazed construction of the heaters is leak-tight and durable. Installation locations are typically tanks and flow-through tanks such as hydraulic and oil lubrication units. Applications include ship engines, cruise ships, tank trucks, containers, elevators, and large industrial processes.
• Load Resistors Load resistors are used when testing power supplies and in power electronics to simulate load. They can be used in wind turbines, cranes and elevators. Power ranges of load resistor sizing range from a few kilowatts to several megawatts. Units with air or water cooling are available if needed.
• Boiler Heating Elements (Stainless Steel Boiler) Stainless steel boilers are used for heating water in hot beverage machines and for generating water vapor in laboratory equipment. The high-quality and durable vacuum-brazed construction is ideal for professional everyday use. Applications include espresso machines, vending machines, laboratory equipment, and commercial kitchen solutions.
• Brazed Plate Heat Exchangers Brazed plate heat exchangers efficiently transfer heat between substances in a wide variety of industrial applications. Loval's expertise in vacuum brazing since 1982 offers brazed plate heat exchangers — a compact and robust solution that delivers high performance even with thin walls. Applications include evaporators and condensers, reversible operation, suitable for future refrigerants, HVAC solutions, industrial applications, laboratory equipment, and refrigeration processes.
• Pipe Heat Exchangers Pipe heat exchangers are used to transfer heat between a liquid, steam or gas. Applications include pool heating and steam condensers.
• Small Pipe Heat Exchangers Small pipe heat exchangers can be used in coffee machines for heating milk and cooling coffee.
• Integrated Brazed Plate Heat Exchanger (IBHE) Loval's patented IBHE combines a plate heat exchanger and an electric heater. The heater in the integrated plate heat exchanger is built into the structure of the product. These heaters replace the flow-through heaters currently used in heat pumps. Products with built-in heating elements are more compact, require less piping and are more cost-effective. Applications include heat recovery, HVAC solutions, industrial applications, laboratory equipment, refrigeration processes, condensers, and evaporators.
• Backup Heaters Reliable supplementary flow-through heater solutions for heat pump systems. Loval offers backup heaters with vacuum brazing technology ensuring excellent heat transfer and long-term durability. Customizable with various options for electrical connections and water connections. Applications for residential heat pump systems.

Quantifiable outcome

• Products sold to customers in 30 countries with 85% export rate
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Kelvion: Kelvion is a global manufacturer of plate heat exchangers, including brazed plate designs, serving HVAC, refrigeration, and industrial markets. Directly competes with Loval in brazed plate heat exchangers for heat pumps and HVAC OEMs.
• Sondex (Danfoss): Sondex, part of Danfoss, specializes in plate heat exchangers including brazed designs for HVAC, refrigeration, and district energy. Direct competitor to Loval's brazed plate heat exchanger business serving European heat pump and HVAC customers.
• Kaori (Kaori Heat Treatment): Kaori is a Taiwanese manufacturer specializing in brazed plate heat exchangers for HVAC, refrigeration, and industrial applications. Directly comparable to Loval's brazed plate heat exchanger product line with similar B2B OEM-oriented business model.
• SWEP (Alfa Laval): SWEP, part of Alfa Laval, is one of the world's leading manufacturers of brazed plate heat exchangers serving HVAC, refrigeration, and district heating applications. Direct overlap with Loval's core brazed plate heat exchanger product line and heat pump OEM customers.
• Funke Wärmeaustauscher: Funke is a German manufacturer of plate heat exchangers and related components serving HVAC, refrigeration, and industrial applications. Directly comparable to Loval as a mid-sized European specialty heat exchanger producer serving OEM customers.
• API Heat Transfer: API Heat Transfer is a global manufacturer of heat exchangers including brazed plate designs for HVAC, refrigeration, and industrial process applications. Overlaps with Loval's brazed plate heat exchanger portfolio and heat pump-adjacent customer base.

Broad incumbents

• Danfoss: Danfoss is a major global supplier of HVAC, refrigeration, and heating components, including heat exchangers (via Sondex) and electronic heating controls. Broad incumbent competing with Loval in heat pump component supply but with a much wider portfolio.
• Xylem: Xylem is a global water technology company with a heat exchanger portfolio serving HVAC, industrial, and district energy markets. Broader incumbent with overlapping plate heat exchanger products serving similar commercial/industrial customers as Loval.
• Alfa Laval: Alfa Laval is a global industrial equipment leader with a broad heat exchanger portfolio (including SWEP brazed plates) plus separation and fluid handling. Overlaps with Loval across heat exchangers but operates at much larger scale with a broader product range.

Regional players

• Backer BHV: Backer BHV is a Nordic/European manufacturer of tubular heating elements and custom heating solutions serving HVAC, industrial, and appliance OEMs. Closely comparable to Loval's heating element solutions business and shares Northern European OEM customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

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• Instagraminstagram.com/loval_oy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 loval