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2.7 SE ASIA
2017/11/26
In 2016, the GDPs of Indonesia, Malaysia, Philippines, Thailand, and Vietnam grew by 5%, 4.2%, 6%, 3.2%, and 6.2%, respectively. Among them, growth of Indonesia and Philippines exceeded expectations, while growth of Malaysia and Thailand was in line with expectations, and Vietnamese growth was less than expected.
 
According to BSRIA, the total chiller market in seven countries, namely Thailand, Indonesia, Malaysia, the Philippines, Vietnam, Myanmar, and Cambodia, recorded a 5.3% year-on-year decline, down to US$ 290.1 million in 2016.
 
The bright spot was the scroll chiller market, which increased by 14.9% to US$ 25.4 million. In addition, the screw and centrifugal segments increased. The Vietnamese market markedly contributed to regional centrifugal market growth.
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