Daikin, recently established Daikin Airconditioning New Zealand Limited in Auckland, New Zealand, and company operations began in November 2016.
Bolstered by strong personal consumption, the New Zealand economy maintains stable growth of about 3% that is supported by industry centering on agriculture, forestry, and livestock processing, including dairy products and wool, together with tourism. As the population increases with immigration from Asia and a high birthrate and accelerates its migration to urban areas, particularly Auckland, the resulting increase in demand for buildings is anticipated to drive growth in the air conditioning market.
Additionally, because of a utilization rate in New Zealand for renew able energy exceeding 80% and a high awareness for the environment and energy savings, the technology in which Daikin excels, such as inverter and heat pump, is likely to gain wide acceptance. With its globally-cultivated product appeal, Daikin looks to meet the many needs in the local air conditioning market for heating and a variety of individual preferences, including the preference for the stylish designs seen in the European market.