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OVER VIEW

Government Procures RMB 10 Billion Air-source Heat Pumps in 2017

World Air Conditioner Markets: 1 OVERVIEW

The year 2017 was a year of great achievement thanks to double-digit growth in China, the largest air conditioner market in the world. The global air conditioner market saw 9.3% year-on-year growth, increasing to 129 million units.   Most parts of China experienced a hot summer in 2017. The room air conditioner (RAC) market grew by 30.2% year-on-year, reaching 61 million units.   In the

2. REGIONAL

2 REGIONAL: 2.1 N. AMERICA: United States

Consumer confidence is one of the important economic measures for the HVAC market. U.S. consumer confidence increased to its highest level in almost 17 years in October 2017 after remaining relat...

2 REGIONAL: 2.1 N. AMERICA: Canada

The Heating, Refrigeration and Air Conditioning Institute (HRAI) of Canada has provided year-on-year data on Canadian shipments for selected HVAC&R equipment including both cooling-only and heat pump types, ending the third quarter of 2017.   According to HRAI, commercial air conditioner shipments decreased by 5.4% from 51,477 un...

2.2 CHINA

China’s production and sales of air conditioners set new records in 2017. Domestic sales grew explosively to 61 million units, showing year-on-year growth of 30.2%. The export volume, ...

2.3 S.E. ASIA

According to the IMF, GDP growth rates in 2017 in major Southeast Asian countries other than the Philippines showed an increase compared with 2016. Growth in Thailand increased to 3.7% in 2017 fr...

2.3 S.E. ASIA: Thailand

Thailand is the third-largest air conditioner market in Southeast Asia, following Indonesia and Vietnam. Until 2016, the Thai air conditioner market continued to expand every year. In 2016, in pa...

2.3 S.E. ASIA: Malaysia

The Malaysian RAC market in 2017 showed a significant decrease due to bad weather. This decrease was almost the same as in Thailand and Indonesia. In particular, a sales drop in May and June grea...

2.3 S.E. ASIA: Singapore

With a delayed start, RAC demand in Singapore in 2017 decreased by 15% year on year to 131,000 units.   Cooling-only multi-split air conditioners dominate th...

2.3 S.E. ASIA: Vietnam

Personal income in Vietnam is growing, and the middle class is expanding rapidly, with a large young population. Presenting rapid growth, the air conditioner market in Vietnam has grow...

2.3 S.E. ASIA: The Philippines

JARN estimates the Philippines air conditioner market scale at about 888,000 units in 2017, an increase of 9.7% compared with 2016.   With a U.S. style air c...

2.3 S.E. ASIA: Myanmar

Myanmar’s air conditioner market scale was 297,000 units in 2017, up only 2.1% from 2016.   Myanmar’s middle class is expected to grow, and the country has a...

2.4 INDIA

Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal   Economic Scenario ...

2.5 EUROPE

Europe was hit with intense heat in 2016, and RACs were hot sellers from the start of the season, resulting in inventory shortag...

2.5 EUROPE: Italy

Italy is the largest air conditioner market in Europe, but the air conditioner penetration rate is a mere 30%. In 2016, sales of air conditioners in Italy exploded due to the intense heat and cau...

2.5 EUROPE: Spain

According to the IMF, Spain’s GDP growth rate came to 3.1% in 2017, marking the third consecutive year of growth at the 3% level.   Spain is the fourth-large...

2.5 EUROPE: Greece

According to a report by the IMF released in October 2017, Greece’s GDP growth rate was 1.8% in 2017 to finally show recovery after posting 0.01% growth in 2016. In addition, Greece enjoyed hot summer weather last year, similar to France.   Sales of RACs in the 2017 Greek market grew by 1.0%, with the market scale reaching 210,000 units. ...

2.5 EUROPE: Turkey

Turkey’s economy took a downturn in 2016 with the political instability in the country. The government’s subsequent political and economic initiatives appear to be having a positive im...

2.5 EUROPE: Russia

The Russian economy is on a recovery trend. The Russian ruble recovered slightly in 2017 from its depreciation over the previous two years, and the price of oil is rising again. However, temperat...

2.5 EUROPE: United Kingdom

In a nationwide referendum held on June 23, 2016, the United Kingdom voted to leave the EU in what is known as Brexit. According to the IMF, the UK GDP growth rate came to 1.8% in 2016 and is est...

2.5 EUROPE: France

According to the IMF, France’s GDP growth rate was 1.2% in 2016, and is estimated at 1.6% in 2017. While growth in private consumption and capital investment contributed to favorable internal dem...

2.5 EUROPE: Germany

According to the IMF, Germany’s GDP growth rate came to 1.9% in 2016, and is estimated at 2.1% in 2017. In addition to personal consumption, which has been a major economic support, growth in tra...

2.5 EUROPE: Eastern Europe

The weather in Eastern Europe was unusually cold at the beginning of the 2017 sales season. In Poland and the Czech Republic, it was still snowing in March and April, resulting in a very slow sta...

2.6 JAPAN

Japan’s real GDP growth rate in the quarter from July to September of 2017 recorded a 1.4% increase over the same quarter of the previous year, attaining positive growth for seven consecutive qua...

2.7 SOUTH KOREA

According to estimates released by the IMF in October, South Korea’s GDP growth rate is 3.0% in 2017, slightly higher than the 2.8% recorded in 2016. One key factor driving higher growth is a ris...

2.8 OCEANIA: Australia

Continuing from 2016, the 2017 Australian air conditioner market showed steady growth, supported by higher immigration numbers and a housing construction boom driven by Chinese investment. ...

2.8 OCEANIA: New Zealand

New Zealand was experiencing a housing boom until February 2017, but this trend took a downturn in April. Sales of heat pump air conditioners did not increase, partly due to many warm days in the winter. The 2017 RAC market in New Zealand was at the same level as the 2016 market.   Fujitsu General, Mitsubishi Electric, Daikin, and Panasonic lead the marke...

2.9 MIDDLE EAST

The Middle Eastern market has not yet escaped from stagnant growth, with the economy hurt by falling oil prices and political instability. According to the IMF, economic growth rates in the all m...

2.9 MIDDLE EAST: Saudi Arabia

Saudi Arabia is still experiencing economic stagnation due to the fall in oil prices, and a sense of political uncertainty lingers. The RAC market reached about 1.4 million units, a decrease of 1...

2.9 MIDDLE EAST: UAE

In 2017, UAE RAC market scale decreased by 2.8%, down to 537,000 units, and PAC sales also decreased to about 192,000 units. Window-type units comprised approximately 50% of the RAC market....

2.9 MIDDLE EAST: Iran

Sales total of RACs and PACs in Iran recorded 532,000 units in 2017, an increase of 4.8% from 2016. Smuggled air conditioners are common in the market.   In ...

2.9 MIDDLE EAST: Iraq

Iraq’s air conditioner market was recovering in 2017 and reached a market scale of 341,000 units. RACs dominate the market and increased by 8.2% year on year.   Due to sanctions on Iran several years ago, foreign companies have found it very difficult to export products to Iran. A large number of air conditioners have been re-exported to Iran from the bor...

2.10 LATIN AMERICA

Economic recession in Latin America over the past three years has prompted many global companies, including U.S. and Japanese companies, to close local businesses and withdraw from the local mark...

2.10 LATIN AMERICA: Brazil

According to the IMF, Brazil’s GDP growth rate ended at -3.6% in 2016, continuing the negative growth posted the previous year. In 2017, the country finally posted positive growth of 0.7%. ...

2.10 LATIN AMERICA: Argentina

According to the IMF, Argentina’s GDP growth rate ended 2016 at a dismal -2.3%, but finally turned positive in 2017 with growth of 2.5%.   Argentina is the s...

2.10 LATIN AMERICA: Mexico

According to the IMF, Mexico’s GDP growth rate was projected to reach 2.2% in 2017 to mark three consecutive years of positive growth.   In 2017, the RAC mar...

2.11 AFRICA

Overall economic conditions in Africa were not favorable in 2017, and summer weather was relatively mild. The African air conditioner market in 2017 reached 2.8 million units, showing a decline o...

2.11 AFRICA: Egypt

Egypt moved to free float its currency in November 2016, a reform required by the IMF to receive its funding. The resulting funding has helped make more foreign exchange available, but has also s...

2.11 AFRICA: Nigeria

According to the IMF, Nigeria’s GDP growth rate was a -1.6% in 2016, dragged down by the col-lapse of oil prices. The growth rate of the country’s manufacturing industry, which largely relies on ...

2.11 AFRICA: Algeria

Algeria’s economy is significantly affected by the price of oil. According to the IMF, Algeria’s GDP growth rate in 2016 came to 3.3%. Its 2017 growth rate is forecast to be 1.5%.   Algeria’s air conditioner market scale in 2017 was 474,000 units, an increase of 15.5% compared with 2016.   Gree, Midea, TCL, and Galanz...

2.11 AFRICA: South Africa

According to the IMF, South Africa’s GDP growth rate in 2016 was a dis-mal 0.3%, hampered by a downturn in the agricultural and mining industries. Companies also held off on making capital invest...

3 TECHNICAL TRENDS

3 TECHNICAL TRENDS

Overall, Manufacturers continuously develop models that offer higher levels of convenience and attempt to outperform the competition in improved energy savings, comfort, air purificati...

4 CONTRIBUTIONS

4 CONTRIBUTIONS: 4.1 ITALY

Reported by Centro Studi Galileo, Italy During the first 10 months of 2017, the Italian air conditioner market showed an unexpected t...

4 CONTRIBUTIONS: 4.2 BRAZIL

Reported by the Brazilian Association for HVAC&R (ABRAVA)   T...

4 CONTRIBUTIONS: 4.3 INDONESIA

Reported by Yoshiharu Osumi, HVAC&R Advisor, Indonesia   The Indonesian GDP growth rate in 2017 recorded a lower level than tha...

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