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2.10 Latin America
2016/11/24
According to BSRIA, Latin America’s chiller market scale reached US$ 301.1 million in 2015, a sharp 27.6% decrease compared with the previous year. Among countries, Mexico became the largest market at US$ 100.7 million, followed by Brazil with a scale of US$ 72.5 million.
 
When large roof surfaces are available, rooftop units provide greater flexibility in terms of installation, and they are often preferred over chillers for large-capacity commercial applications such as super-markets.
 
In Brazil, chillers are mainly produced for local use due to high import duties imposed by the Brazilian government. The U.S. top three all have chiller production facilities in Brazil. However, many manufacturers have switched investment to Mexico due to high and often-changing tariffs in Brazil. They are aiming to cover the entire Latin American market as well as be located in the North American market.
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