2. Rotary Compressors
Compared with the double digit growth in 2014, global market performance of rotary compressors for air conditioners was quite gloomy in 2015, recording 132 million units and falling by nearly 10.8% year on year. This decrease was mainly owing to slump in residential air conditioner market.
JARN estimated that the global air conditioner market in 2015 fell by 3.6% year on year. Global economic environment and weather conditions were not optimistic for the 2015 air conditioning market, leading to weaker performance in several big markets that were short of expectation. For example, China, the world’s largest air conditioner market, shrank its scale by 8.7% year on year. Brazil, the largest market in Latin America, dropped by 18%. The Indian market was short of expectation. And even the ASEAN region which is under great expectation slowed in growth rate year on year.