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Chinese Manufacturers Expand AC Production
2017/10/23
According to the State Information Center, Chinese domestic retail sales of air conditioners in refrigeration year 2017 (RY 2017) spanning September 2016 to August 2017 reached 56.22 million units, a year- on-year increase of 28.5%. Sales revenues increased by 30.5% year-on-year, creating the best record in history. Sales in the urban market reached 40.62 million units, an increase of 30% while sales in the rural market reached 15.6 million units, an increase of 24.8%. According to statistics, from August 2016 to June 2017, production of room air conditioners (RACs) in China reached 165 million units.

The main reasons for the large increase in the air conditioning market included lasting hot weather in most regions of China, the residual effect of the booming real estate market last year, acceleration of the urbanization process, and an increase in the penetration rate on e-commerce platforms.
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