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3.3 BRAZIL
2017/11/26
Reported by the Brazilian Association for HVAC&R (ABRAVA)
 
The Brazilian air conditioning market suffered because of the economic crisis and a reduction in the level of both public and private investment. And this effect was strongly felt in the chiller market which reached a peak sales volume/ installed volume in 2013 and 2014.
 
This volume was driven by the expansion of the economy. During the period from 2013 to 2014, the industrial market was expanded focusing on automotive and chemistry sectors. The commercial market was expanded focusing on shopping malls, retails, and high-standard corporate buildings. The infrastructure sector was also expanded driven by major sporting events such as 2014 FIFA World Cup and Rio 2016 Olympics. These market expansion generated new and retrofit business opportunities in the chiller market for stadiums, arenas, airports, hotels, subways, etc.
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