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NIBE Industrier AB engages in the manufacturing of products for both household and commercial use. It operates through the following business areas: NIBE Climate Solutions, NIBE Element and NIBE Stoves. The NIBE Climate Solutions business area offers indoor climate comfort products including heating, air conditioning, heat recovery and hot water for homes, apartment blocks and other large properties. The NIBE Element business area comprises components and solutions for intelligent heating and control designed for both industrial and consumer products. The NIBE Stoves business area consists of stoves of various sizes and designs to suit both houses and commercial properties. The company was founded in 1989 and is headquartered in Markaryd, Sweden.