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2010.05.01

3.5 Brazil

Despite a negative result (a –0.2% drop) in 2009, Brazil performed well against other economies around the world. Recent economic predicators expect the country to grow from 4.8% to 5% in 2010. Brazilian industry has been operating market-recovery mode, and as recession weakens, the HVAC&R market, especially, is prepared for new prospects in the near future.Even as the crisis began affecting B...

2010.05.01

3.4 Russia

In 2009 and the beginning of 2010, the situation on the Russian market of air conditioning equipment was formed under the influence of three key factors: global economic decline, drastic contraction of import quotas established for R22, and termination from January 1, 2010 of state licenses issued in the building sector and establishment of self-regulating organizations (SRO).By the beginning of 2...

2010.05.01

3.3 Turkey

Being affected by the global financial crisis, the Turkish economy slowed greatly from the second half of 2008. It showed 14.7% and 7.9% drops in the first and second quarters of 2009 respectively from the previous year. A breakdown of GDP growth rates in the second quarter in all industrial sectors shows that 11.2%, 12.2%, and 15.4% drops were recorded respectively in the manufacturing, transport...

PR 2018.07.20

i-NX-Q: the new Climaveneta multi-purpose heat pump with inverter technology

Mitsubishi Electric Hydronics & IT Cooling Systems presents i-NX-Q. Climaveneta’s air source multi-purpose unit with scroll inverter compressors and cooling capacity from 43 to 151 kW. The logic of
2010.05.01

3.2 Spain

According to data collected from the market research conducted by the Air Conditioning Equipment Manufacturer’s Association (AFEC) of Spain, the 2009 market for air conditioners and chillers amounted to 815 million.For a better understanding, the study divided the market into three segments: * Residential/domestic, including portable and window units, splits, single and multi below 6 kW and low pr...

2010.05.01

3. Special Contribution: 3.1 Italy

The Italian HVAC market, the largest in Europe in the recent past, has never had a worse time than the last two or three years. In past crises when the European market experienced slowdowns, export sales to the Middle East helped sustain the Italian market and in some cases even allowed it to grow.The total Italian market, already down 16.4% in 2008, dropped by an additional 24% in 2009; whereas p...

2010.05.01

2.12.3 South Africa

South African market is estimated about 358,000 units in 2009, which was more than twice 170,000 units in 2008. Most air conditioners sold in this country are split types, which accounting for more than half of the market. The main RAC markets are Durban and Cape Town, in which LG and Gree dominate.South Africa shows potential for economic growth reinforced by the abundant availability of natural ...

2010.05.01

2.12.2 Nigeria

The market size of Nigeria was estimated about 305,000 units in 2009. Ductless split type air conditioners dominate 80% and window types comprise 15% of the market. PAC is very few and its market share is only 5%.Samsung is probably the most famous air conditioner brand in Nigeria. In recent years, Chinese brands spiked in the market.Shinco Air Conditioners from China set up a factory in Nigeria i...

2010.05.01

2.12.1 Egypt

The Egyptian economy for fiscal 2008-09 (July 2008 to June 2009) recorded real GDP growth of 5.0%, coming down a notch from the continued high growth experienced after the economic reforms in 2004. The International Monetary Fund (IMF) predicts growth of 3.6% in 2009 and 3.0% in 2010.Egypt is one of the most important air conditioner markets in Africa. Its market size in 2009 was around 471,000 un...

2010.05.01

2.12 Africa

Internal demand in Africa is expanding, in part due to a rise in construction in the run-up to the 2010 FIFA World Cup in June in South Africa. The GDP growth rate for the African continent came close to 2.0% even as the global recession lingered.The market size of Africa was about 1.8 million units in 2009, a 29% increase compared with 2008. Major markets were Egypt, South Africa, and Nigeria, ac...

2010.05.01

2.11.3 Mexico

Mexico recorded its worst growth since World War II, posting a negative 6.5% growth rate of real GDP in 2009. Recovery, however, was better than expected in the fourth quarter, surpassing the government and central bank’s estimate of just under 7%.Market size in 2009 is estimated at about 605,000 units, a slight decrease compared with 2008.Sales of window units decreased by about 10% compared with...

2010.05.01

2.11.2 Argentina

The Argentine economy recorded negative year-on-year growth in the second and third quarters of 2009. The economy finally turned around in the fourth quarter to record 2.6% growth. Growth for the year averaged 0.9%.Argentine market size in 2009 is estimated to be around 802,000 units.Split units dominate, accounting for nearly 90% of the market. Most of them are locally manufactured or assembled. ...

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