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2.5 EUROPE: Germany
2018/01/21
According to the IMF, Germany’s GDP growth rate came to 1.9% in 2016, and is estimated at 2.1% in 2017. In addition to personal consumption, which has been a major economic support, growth in trade and investment are helping spur additional economic growth.
 
German RAC market scale came to nearly 153,000 units in 2017, down by 2.4% year on year. Total sales in the PAC market were about 26,000 units in 2017.
 
Air conditioning has been slow to make inroads in the residential sector. The penetration rate of RACs in Germany currently stands at 5%. Most householders rely on window blinds and other devices to offset hot weather.
 
The split segment relies on imports from Japan, South Korea, Thailand, and China. Leading brands are Daikin, Mitsubishi Electric, and MHI Thermal Systems, followed by Panasonic, Johnson Controls-Hitachi Air Conditioning, and Toshiba Carrier. Fujitsu General and a partner are expanding the commercial business providing wide product portfolio from Fujitsu direct expansion (DX) systems to Swegon chiller and air handling units (AHUs).
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