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BSRIA Global Air Conditioning Study shows contraction in 2016
2017/05/09
May 08, 2017
The recently published BSRIA market intelligence study on the global air conditioning (AC) market shows that contraction slowed down in 2016 compared to the previous two years. The recent indicators show that growth is expected to resume in 2017 across many regions.
 
The global AC market contracted by one per cent in value terms in 2016, compared with a drop of five per cent in 2015, was not as bad as was initially expected. The Chinese market saw a late recovery supported by hot weather and the Government’s issue of a new five year plan, which boosted sales. Brazil and Saudi Arabia were the other main contributors to the negative growth.
 
The global AC market was valued as US$92.6 billion, with packaged products 1 accounting for almost 85 per cent of the value.
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