Global AC Market Shows Growth Driven by India and China
The global air conditioner market in the first half of 2017 recorded higher growth compared with the same period of last year. China, which occupied about 40% of the global air conditioner market, operated at full gear and at full speed in production bases, achieving the highest production volume ever in the first half of 2017. Although India’s market is still only one-tenth of the Chinese room air conditioner (RAC) market, its market growth in the first half of this year was remarkable, with a high increase in population and a high potential for economic growth.
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