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2.2 China
2016/11/23
China’s chiller market contracted in 2015 as a result of some factors such as a slowing GDP growth rate, declining real estate investment, and postponed and cancellation of large industrial and commercial construction projects due to funding shortages. According to the 2015 industry report from China Refrigeration and Air-conditioning Industry Association (CRAA), the total cooling capacity of electric-power-driven chillers was 50,790 MW in 2015, 11% lower than that of the same period the previous year.
 

Market Trends

 
Development of Rail Transportation Boosts the Chiller Market
 
The demand for chillers from the rail transportation sector increased rapidly in 2015 due to accelerating urbanization progress and expanding high-speed railway construction in China.
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