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Breakthrough Innovations Launched at CES 2016
CES 2016 ran from January 6 to 9 in Las Vegas, Nevada, the United States. CES 2016 shined a spotlight on innovations with the power to transform the world, with 3,887 participating companies showcasing ground-breaking technologies and launching some 20,000 new products at the event. Among the exh.../images/up/News/20162240175066127.jpg
Technology, a Driver of Growth in the AC Market -- Russia (2015 Global AC Market Part II)
Reported by Dmitry Kuzin, executive director of the Association of Professional Companies in the Industry of Climate (APIC, Russia) In general, the Russian HVACR market in 2015 turned out to be challenging. The weaker national currency led to a decline in purchasing power. As a result, we could see...
Technology, a Driver of Growth in the AC Market -- India (2015 Global AC Market Part II)
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal India saw quite erratic weather in 2015, which was reflected in an erratic sales pattern of air conditioners. Overall, the room air conditioner (RAC) market in 2015 grew by a modest 5% compared with 2014. Market scale reached 4.2 million un.../images/up/News/201622322494446445.jpg
Technology, a Driver of Growth in the AC Market -- Japan (2015 Global AC Market Part II)
Japanese air conditioner manufacturers were largely forced into competitive sales races in 2015. RACs Although the growth rate of room air conditioner (RAC) shipments fell slightly in 2015, total shipments are expected to reach 8 million units. Domestic shipments in 2015 dropped sharply durin...
Technology, a Driver of Growth in the AC Market -- Outlook for 2016
The U.S. Federal Reserve has raised its interest rate, which is a strong signal of economic recovery. It is estimated that the U.S. air conditioner market will see year-on-year growth in 2016. Japanese, Korean, and local manufacturers are ready to fully operate in the U.S. VRF market. Growth in t...
Technology, a Driver of Growth in the AC Market -- China
The era of high-speed growth has come to an end in China. The RAC market has reached the replacement phase, especially in coastal regions. On the other hand, the air conditioner penetration rate in central and western rural areas remained low, suggesting huge market potential. According to the Na...
Technology, a Driver of Growth in the AC Market -- Latin America
Asian air conditioner manufacturers have lost some confidence in Latin American market prospects due to prolonged weak demand in the construction industry among other factors. Brazil Brazil faced the depreciation of its currency and political instability in 2015. A dark cloud hung over the Br.../images/up/News/20162232232936200.jpg
Technology, a Driver of Growth in the AC Market -- India
High temperatures from March to May 2015 boosted growth in the Indian RAC market. With the arrival of the monsoon season in June, however, heavy rains depressed market demand. The market ended with only 3% growth in 2015 and huge inventory buildups. Looking at the Indian air conditioner market ov...
Technology, a Driver of Growth in the AC Market -- The United States
Overall, the manufacturing industry is still growing, but the growth momentum has slowed a little. Record cold temperatures and snowfall during the winter of 2015 disrupted the new construction market and HVAC replacement demand. The volume of window-type air conditioners was flat year on year....
Technology, a Driver of Growth in the AC Market -- The Middle East
The Middle East Investment in buildings remained strong in the Middle East. The regional air conditioner market grew by 4% year on year. Saudi Arabia and the United Arab Emirates (UAE) are major markets in the region. Chinese air conditioner brands have entered the Middle Eastern market with Chines...
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