2.3 Japan
2013-05-25
Japan’s VRF market in the first half of 2012 posted solid performance, aided by heat waves and government subsidies offered for electricity- and energy-saving products as well as demand for new construction projects and replacement of older air conditioning systems. Construction demand, however, fell off in the second half of the year and sales momentum was not sustained for store and office applications, resulting in weakening VRF demand.
